Park Covenants. If the Project is located in, is part of, or subsequent to the date hereof is incorporated into any office park, industrial park, business park or similar entity (the "Park"), this Lease shall be subject to all of the terms, covenants, restrictions, development criteria or other such regulations for the Park (the "Covenants"). Lessee hereby accepts its leasehold estate subject to such Covenants and agrees to conform and comply with all provisions contained therein or to allow Lessor or the declarant of the Covenants to fulfill all obligations imposed pursuant thereto. Lessee shall pay, as part of its pro rata share of Operating Costs (as hereinafter defined), its proportionate share of any costs imposed upon the Project as a result of the Project’s association with the Park including, but not limited to, owner’s association fees, maintenance costs and real estate taxes associated with any common areas of the Park.
Park Covenants. If the project is located in, is part of, or subsequent to the date hereof is incorporated into any office park, industrial park, business park or similar entity (the “Park”), this lease shall be subject to all of the terms, covenants, restrictions, development criteria or other such regulations for the Park (the “covenants”). Lessee hereby accepts its leasehold estate subject to such covenants and agrees to conform and comply with all provisions contained therein or to allow Lessor or the declarant of the covenants to fulfill all obligations imposed pursuant thereto. Any failure by Lessee to comply with such covenants shall constitute a default under this lease. Lessor shall pay, as part of the operating expenses for the project, its proportionate share of any costs imposed upon the project as a result of the project’s association with the Park including, but not limited to, owner’s association fees, and maintenance costs and real estate taxes associated with any common areas of the Park.
Park Covenants. Purchaser acknowledges that Seller and the owners of the Master Property shall enter into a certain reciprocal easement agreement substantially in the form attached hereto as Exhibit N, which shall establish business park-like covenants and easements for the Proposed Project and the Master Property, including without limitation shared use of internal roadways, sidewalks and parking areas, shared maintenance responsibilities, and cost-sharing mechanisms for shared utility, drainage and other services (the “Park Covenants”). Seller and each of the Seller Affiliates agree that Purchaser, and its employees, shall be entitled on the terms set forth herein to the full use and enjoyment of all amenities made available generally to other lessees and occupants of the Master Property, including, without limitation, if applicable, the right to use the cafeteria(s), and health/fitness center(s) located thereon. The use of such amenities shall be on terms generally applicable to other users of such amenities including, without limitation, the payment by Purchaser of any costs or fees charged by Seller and the Seller Affiliates for the use of such amenities on a pro-rata basis with such other users. Seller and the Seller Affiliates shall have the right to terminate Purchaser’s use of such amenities at any time in connection with any lease or sale of all or any portion of the Master Property. Purchaser shall cooperate with Seller and consent to any revisions of the Park Covenants requested by Seller in connection with the development of the Master Property provided that such revisions do not materially adversely affect the Lot or the Proposed Project. The provisions of this Section 19.10 shall survive the Closing. Notwithstanding any other provision of this Agreement, prior to the Closing, the Seller shall record with the Registry an amendment to the Park Covenants (executed and acknowledged by all required parties thereto) providing that the Lot shall be exempt from the provisions of Section 2.2 of the Park Covenants.
Park Covenants. If the Project is located in, is part of, or -------------- subsequent to the date hereof is incorporated into any office park, industrial park, business park or similar entity (the "Park"), this Lease shall be subject to all of the terms, covenants, restrictions, development criteria or other such regulations for the Park (the "Covenants"). Lessee hereby accepts its leasehold estate subject to such Covenants and agrees to conform and comply with all provisions contained therein or to allow Lessor or the declarant of the Covenants to fulfill all obligations imposed pursuant thereto. Lessee /s/ SHA JR shall pay, as part of its pro rata share of Operating Costs (as hereinafter defined), its proportionate share of any costs imposed upon the Project as a result of the Project's association with the Park including, but not limited to, owner's association fees, maintenance costs and real estate taxes associated with any common areas of the Park.
Park Covenants. To Seller’s knowledge, as of the date hereof, Property Owner is not in default of any its material obligations under that certain Park Covenants and Maintenance Agreement recorded February 22, 2005, in Book 22094, Page 439, as amended.
Park Covenants. This Lease shall be subordinate to that certain Declaration of Covenants, Easements and Restrictions recorded in the Norfolk Registry of Deeds on February 10, 2005 in Book 22094, Page 439, and which Landlord may hereafter amend from time to time without the consent of Tenant, provided such amendment does not materially derogate from any rights of Tenant hereunder.
Park Covenants. It is anticipated that Lessor may prepare and record restrictive covenants affecting the Park. To the extent required by law or as reasonably requested by Lessor, Lessee shall subordinate this Lease to such recorded covenants, provided that they do not conflict with the terms of this Lease or decrease Lessee’s rights or increase its obligations under this Lease.
