Quonset Business Park Sample Clauses

Quonset Business Park. Subject to negotiating mutually agreeable terms with QDC, DWW shall enter into an option or options to lease from QDC land and facilities at the Quonset Business Park in North Kingstown, Rhode Island. Such lease or leases of land and facilities shall be sufficient to enable DWW and the wholly-owned subsidiaries of its parent, Deepwater Wind Holdings, LLC to establish the Corporate Manufacturing Headquarters and, if DWW so chooses, its Regional Development Headquarters as described respectively in Subsections A. and B. of this Section VIII. above. Upon entering into a lease option or options pursuant to this Subsection C, DWW shall pay to QDC an option price of no less than 10% of the annual cost of leasing the land and facilities of QDC.
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