Examples of Ballpark Lease in a sentence
Consistent with terms of the Ballpark Lease Agreement (Lease), between the MBA and Twins Ballpark, LLC, the Twins own a portion of discrete assets, such as seating and scoreboards, to the extent of their total investment.
Ballpark Owner will provide Developer with notice of applicable requirements of the Ballpark Lease.
Xxxxxxx, dated December 28, 1989, as amended and restated, as landlord (the “Revocable Trust”), and the Springfield Cardinals, LLC, a Missouri limited liability company, as tenant (the “Springfield Cardinals”) are parties to that certain Ballpark Lease Agreement, dated as of October 7, 2004, as amended by that certain Amendment to Ballpark Lease Agreement, dated as of February 18, 2008, between the Revocable Trust and the Springfield Cardinals (collectively, the “Lease”).
MLB and the District entered into medi- ation and in February 2005, the Council passed the Ballpark Hard and Soft Costs Cap and Ballpark Lease Conditional Approval Emergency Act of 2006.The legislation imposed caps on the District’s contribution to the project budget for hard and soft costs of the proposed ballpark.
Consistent with the Ballpark Lease Agreement (Lease) the Twins engaged Deloitte Financial Advisory Services LLP to prepare a schedule identifying personal property constituting the Twins Ballpark Property (as defined in Section 4.3 of the Lease).
In order to achieve the purposes of the ballpark legislation, the MBA negotiated and entered into numerous agreements, including the Grant Agreement Regarding Ballpark Project, between Hennepin County and the MBA, dated April 26, 2007, (the “Grant Agreement”) and the Ballpark Lease Agreement between the Twins Ballpark, LLC and the MBA dated April 26, 2007 (the “Lease Agreement”).
The Ballpark Hard and Soft Costs Cap and Ballpark Lease Conditional Approval Emergency Act of 2006 requires the SEC and MLB to agree that cost overruns shall be paid by the team, savings realized from value engineering, Federal, private or other non-District government funds, except District government non-General Fund funds if required by the bond indenture.
COMMITMENTS – CONTINUED A provision in the Ballpark Lease Agreement (Lease) between the MBA and the Twins permits the Twins, following completion of construction, to designate (subject to the MBA’s reasonable approval) items representing certain specific improvements, fixtures, furnishings, equipment, and other similar property, in an amount up to the Twins Ballpark Contribution.
Pursuant to the Ballpark Lease Agreement, the Twins are permitted to claim depreciation deductions which may be available to them.
Pursuant to the Ballpark Assignment and Assumption Agreement, TRBP assumed the obligations and liabilities arising under and related to the Ballpark Lease and the agreements relating to the Ballpark.