Vacant Space. FWRLP hereby further agrees that if any rentable space in the Property is vacant on the Closing Date, FWRLP shall accept the Property subject to such vacancy, provided that the vacancy was not permitted or created by Contributor in violation of any restrictions contained in this Agreement.
Vacant Space. The Student must keep an available space ready for a roommate to move in should they not have a current roommate. Assigned furniture needs to be available, and the room needs to be kept in a clean, orderly and sanitary fashion at all times.
Vacant Space. Clean and vacuum spaces one time upon move out of tenant.
Vacant Space. The Student must keep an available space ready for a roommate to move in should they not have a current roommate. Assigned furniture needs to be available, and the room needs to be kept in a clean, orderly and sanitary fashion, which is satisfactory to the Office of Residence Life. Residents may pull in eligible students who currently live in campus housing only when the three week room freeze period at the start of each semester has ended. Once a potential roommate has been identified and approved by the appropriate Resident Director(s) that individual has 48 hours to complete the move. Residence Life reserves the right to assign a new roommate prior to permitting residents to “pull in” a roommate of their choosing. All residents must meet the criteria for moving into the space. For a variety of reasons, a room consolidation may need to take place. Students from one room or suite may need to relocate to another room to achieve maximum space utilization or for health and/or safety reasons. Consolidation may also become necessary due to disciplinary situations or irreconcilable differences. Should a new roommate be assigned to a room, the College will make every effort to inform the room as soon as possible. The Office of Residence Life reserves the right to assign or change a room assignment at anytime.
Vacant Space. During the term of this lease and with the condition that Lessee is or has not been in default of any aspect of their lease obligations, Lessor to notify Lessee of any space that is vacated on the second floor. Lessor to submit, in writing, to Lessee the acceptable terms and conditions of the space to be vacated. If Lessee does not accept the terms and conditions, in writing, within seven (7) days of receipt of notice from Lessor, Lessor may offer the space to be vacated to any other potential Lessee with no further obligation to Lessee.
Vacant Space. In the event that any space in the Building currently demised to Xerox Corporation pursuant to that certain lease dated as of December 10, 2001, between Landlord's predecessor-in-interest, Rockland Warehouse Center Corporation, as landlord, and Xerox Corporation, as tenant, as amended by letter dated August 15, 2002, a Lease Term Agreement dated as of June 24, 2002, and a second Lease Term Agreement, dated as of February 20, 2003 (as further amended from time to time, the "Xerox Lease") or Par Pharmaceutical, Inc. pursuant to that certain lease dated as of July 17, 2002, between Landlord's predecessor-in-interest, Rockland Warehouse Center Corporation, as landlord, and Par Pharmaceutical, Inc., as tenant, as amended by letter dated August 28, 2002, Amendment to Lease dated as of January 10, 2003, Lease Term Agreement dated as of February 14, 2003, and second Amendment to Lease dated as of March 11, 2003 (as further amended from time to time, the "Par Lease") ceases to be subject to the Xerox Lease or the Par Lease, as the case may be, for any reason (such space that ceases to be subject to the Xerox Lease or the Par Lease hereinafter referred to as "Vacant Space"), then the following provisions of this Section 41.1 shall be applicable with respect to such Vacant Space:
Vacant Space. (a) Landlord and Tenant acknowledge that even though the Premises includes the entire Building, Tenant does not intend to initially occupy the second and third floors ("Vacant Space") of the Building and the Office Improvements will not include any construction on such floors. Additionally, prior to September 1, 2000, the annual Base Rent will not include any amount for the Vacant Space unless Tenant occupies a portion of such floors for the conduct of its business. Tenant shall notify Landlord in writing at least thirty (30) days prior to the date Tenant intends to occupy any portion of the Vacant Space for the conduct of its business (which shall not include use of such space for storage).
Vacant Space. All debris shall be removed from any vacant units and the apartments shall be in a market ready (i.e. ready for occupancy within three (3) days) condition.
Vacant Space. If (a) (i) prior to Closing, a lease approved by CSCP in accordance with the terms of this Agreement has been entered into by Seller for the 6,600 square feet of vacant space in the newly constructed portion of the Premises located in Hampton, Virginia ("Coliseum Vacant Space") and the 2,400 square feet of currently vacant space in the Premises located in Xxxxxx, Pennsylvania ("Dubois Vacant Space"; each of the Dubois Vacant Space and the Coliseum Vacant Space being hereinafter referred to as a "Vacant Space"), each with a minimum initial term of five (5) years and an option period not to exceed in the aggregate the length of the initial term or (ii) within eighteen (18) months following Closing, a lease has been entered into by CSCP for each Vacant Space with a minimum initial term of five (5) years and an option period not to exceed in the aggregate the length of the initial term, and (b) within eighteen (18) months following the Closing, the tenant under each such lease shall take occupancy and commence the ordinary conduct of business and commence the regularly scheduled payment of rent, then, within thirty (30) days thereafter, CSCP shall pay to Sellers an amount equal to the Lease Value for the Vacant Space that is the subject of said lease. As used herein, the term "Lease Value" shall mean (a) a seven and twenty eight hundredths percent (7.28%) capitalization rate applied to the Net Operating Income of the Vacant Space lease, less (b) free rent, leasing commissions and tenant build-out costs in connection with said lease. As used herein, the term "Net Operating Income" shall mean the net rent payable under the Vacant Space for the first year of said lease as adjusted for the application of a three percent (3%) vacancy factor and a three and one-half percent (3.5%) management factor; provided, however, that with respect to the Coliseum Vacant Space only, if the tenant is a national credit tenant (it being acknowledged that for purposes of this clause Panera Bread shall be deemed to be a national credit tenant), Net Operating Income shall not be adjusted for the application of a three percent (3%) vacancy factor. A sample calculation of Lease Value is attached hereto as EXHIBIT H. The provisions of this Article shall survive the Closing.
Vacant Space. Seller shall cause all vacant space in the ------------ Improvements to be delivered to Buyer upon the Close of Escrow in the same condition as the condition of such vacant space upon the date of execution of this Agreement.
