Common use of TDM Requirements Clause in Contracts

TDM Requirements. Tenant acknowledges and agrees that Tenant has reviewed and analyzed the ▇▇▇▇▇▇▇ Towers Transportation Demand Management Plan (the “TDM Plan”) approved by the City of Sunnyvale, California and understands that it is obligated to comply fully and timely with the approved TDM Plan (and any revisions, supplements or successor plans thereto) at Tenant’s sole cost and expense to achieve the certifications and goals described therein with respect to Tenant’s use of the Premises, and that failure to do so will (i) constitute a material default hereunder, and (ii) expose Landlord to possible penalties and damages to which Tenant’s indemnity obligations under the Lease shall apply.

TDM Requirements. Tenant acknowledges and agrees that Tenant has reviewed and analyzed the ▇▇▇▇▇▇▇ Towers Transportation Demand Management Plan (the “TDM Plan”) approved by the City of Sunnyvale, California and understands that it is obligated to comply fully and timely with the approved TDM Plan (and any revisions, supplements or successor plans thereto) at Tenant’s sole cost and expense to achieve the certifications and goals described therein with respect to Tenant’s use of the Premisestherein, and that failure to do so will (i) constitute a material default hereunder, and (ii) expose Landlord to possible penalties and damages to which Tenant’s indemnity obligations under the Lease shall apply.