Reserved Space Clause Samples
The Reserved Space clause designates a specific portion of property, facility, or resource that is set aside exclusively for a particular party’s use. In practice, this might mean allocating a certain number of parking spots, storage areas, or office spaces that cannot be used by others during the term of the agreement. This clause ensures that the designated party has guaranteed access to necessary resources, preventing conflicts or shortages and supporting operational certainty.
POPULAR SAMPLE Copied 2 times
Reserved Space. The University shall set aside one (1) reserved parking space for an employee to be designated by the Union, at the appropriate fee to be charged to the designated employee.
Reserved Space. Within ten (10) Business Days after receiving a completed reservation request in the form of Schedule 1 from Licensee, Licensor will notify Licensee if the requested space is available and the terms under which Licensor shall make such Communication Tower available to Licensee by completing, executing and returning an original counterpart of the Schedule 1 submitted by Licensee. The reservation of space requested by Licensee on such Schedule 1 shall be deemed reserved exclusively for Licensee, in accordance with the reservation terms detailed in such Schedule 1 as executed by both parties, upon the complete execution of such Schedule 1 by both parties. The Reservation Fee for such Reserved Space shall be payable to Licensor by Licensee on or before the tenth (10th) Business Day following Licensee's receipt of the Schedule 1 executed by Licensor. Tower space reserved in accordance with the foregoing procedures is referred to herein as Reserved SPACE. Licensee may not install any equipment on any Reserved Space unless and until it has been converted to Licensed Space in accordance with Section 3.1(b). Licensee shall have access to the relevant Communication Tower during the Reservation Period in accordance with Section 8 herein to the extent reasonably necessary to facilitate any reasonable due diligence that Licensee desires to perform. In the event that Licensee elects to commission a Phase I environmental assessment during the Reservation Period or Term, Licensee shall promptly provide a photocopy of any such assessment to Licensor. It is expressly agreed that under no circumstances shall Licensor be obligated to perform any remediation of environmental concerns at any of the Communication Towers, subject to the obligations of both parties hereto pursuant to Section 8.3.
Reserved Space. (a) TowerCo expressly acknowledges that, as to -------------- any Site, the Subleased Property of such Site does not include, and that BMI has reserved and excepted from this Sublease, the Reserved Space of such Site, regardless of whether or not such Reserved Space is now or hereafter occupied, and, TowerCo further expressly acknowledges that as between BMI and TowerCo, the Reserved Space of each Site shall, at all times during the Term of this Sublease, be and remain the property of BMI. As an appurtenance to, and a part of, the Reserved Space of each Site, BMI also reserves; (i) the right of ingress to and egress from the entire Site, and access to the entire Tower and all Improvements thereof (including any and all easements), at such times (on a 24- hour, seven (7) day per week basis unless otherwise limited by the Ground Lease or other restrictions of record that have priority over the Sublease), to such extent, and in such means and manners (on foot or by motor vehicle, including trucks and other heavy equipment), as BMI deems necessary or desirable in connection with its full use and enjoyment of the Reserved Space, including, without limitation, the construction, installation, use, operation, maintenance, repair and replacement of its Communications Facility thereon; and (ii) the right to use any portion of the Subleased Property of a Site, including the Land and Improvements thereof, for purposes of temporary location and storage of any equipment (including Communications Equipment) and any part thereof in connection with performing any repairs or replacements of BMI's Improvements; provided, however, that such storage shall not have a material adverse effect on -------- ------- Space Subtenants' Permitted Use.
(i) Subject to the availability of Available Space on the applicable Tower (other than Towers on BTS Sites) at the time of the proposed expansion, BMI may at any time expand the Reserved Space on Towers on up to one hundred and twenty (120) Sites by expanding the number of panels on an existing Tower (other than Towers on BTS Sites) to up to twelve (12) panels consistent with other typical twelve (12) panel arrays currently existing on other Towers on the date hereof, without any limitation on the increase in the weight or sail area resulting from such expansion or upgrade; provided, however, that the -------- ------- weight and sail area of the Communications Equipment located on the Tower location of such Reserved Space shall not exceed ...
Reserved Space. 19 SECTION 6.
Reserved Space. (a) TowerCo expressly acknowledges that, as to any Site, the Subleased Property of such Site does not include, and that each Sublessor has reserved and excepted from this Sublease, the Reserved Space of such Site for SBCW's and its Affiliates' exclusive possession and use, regardless of whether or not such Reserved Space is now or hereafter occupied; and, TowerCo further expressly acknowledges that, as between each Sublessor and TowerCo, the Reserved Space of
(i) the right of ingress to and egress from the entire Site, and access to the entire Tower and all Improvements to such Site and Tower (including any and all easements), at such times (on a 24-hour, seven (7) day per week basis unless otherwise limited by the Ground Lease or other restrictions of record that have priority over the Sublease), to such extent, and in such means and manners (on foot or by motor vehicle, including trucks and other heavy equipment), as SBCW deems necessary or desirable in connection with its or its Affiliates' full use and enjoyment of the Reserved Space, including, without limitation, the construction, installation, use, operation, maintenance, repair and replacement of its Communications Facility thereon; and (ii) the right to use any portion of the Subleased Property of a Site, including the Land and Improvements thereof, for purposes of temporary location and storage of any equipment (including Communications Equipment) and any part thereof in connection with performing any repairs or replacements of such Person's Improvements; provided, however, that such storage shall not have a material adverse effect on Space Subtenants' Permitted Use.
(b) Subject to the availability of Available Space on the applicable Tower at the time of the proposed expansion, SBCW may at any time expand the Reserved Space on up to three hundred (300) Towers by the addition or replacement of Communications Equipment on such Tower up to an additional fifteen percent (15%) of the total tower loading on such Tower; provided that as a result of the exercise of such expansion right SBCW shall not be entitled to occupy more than two (2) platforms on any Tower. (For the avoidance of doubt, if SBCW or its Affiliate occupy one (1) platform at the time of expansion, SBCW or its Affiliate may expand to occupy only one additional platform, and if SBCW or its Affiliates occupy two (2) platforms at the time of such expansion, SBCW or its Affiliate may expand on one or both of the platforms it then occupies b...
Reserved Space. The area indicated in Exhibit A and so designated as “Area Not included in lease” (hereafter “Area”) is approximately 2,300 sf and shall not be occupied. GigOptix shall have the option up and until February 1, 2016 to notify Landlord of its intent to lease and rent said Area with the commencement of the additional lease term to begin on May 1, 2016. Notice will be given in accordance with the terms of the Lease. However, should GigOptix occupy any portion of the Area prior to February 1, 2016 then the entirety of the Area, 2,300 sf, shall be added to the existing lease and the monthly rent amount shall increase to $8,400.00 with the new monthly payment to begin upon use of the Area, prorated as needed. Should Tenant not utilize any or all of Area and notice to Landlord is not be given by February 1st 2016, Tenant will have waived its right to lease Area and Landlord shall have the right to section off the Area by installing demising walls for the purposes of leasing the Area to another entity.
Reserved Space. The City reserves the right to install, and permit others to install, Facilities in the Right-of-Way. The City may reserve space in the Right-of-way and on Wireless Support Structures for future utility, safety, or transportation uses. Such space may be reserved in an ordinance or plan approved by the Mayor; City Manager, City Council, Building Commissioner, or Planning Commission.
