Production Space definition

Production Space means the area on or within the Premises intended for Commercial Cannabis Activities excluding non-operational common areas such as restrooms, cafeterias, break rooms, hallways, corridors, vestibules, parking structures or surface street lots. The parties stipulate and agree that the square footage for the Production Space shall be determined by the City Administrator in his sole and complete discretion as the Project is completed. The City Administrator is specifically authorized to set and adjust the square footage for the Production Space and to determine the corresponding operating fee as the Project is completed. Owner agrees to pay to City, in order to enable City to promote, protect, and enhance the healthy, safety, and welfare of the community and its residents and its quality of life, the greater of the following monthly fees (1) or (2): a monthly operating fee of [.---- x total square foot of the "Premises"] until Owner is operating on the Premises, and selling product under its City CCP and State License(s). Once Owner is operational and generating revenue, the monthly operating fee is [----- x total square foot of "Production Space"]; or, a monthly operating fee(s) of: ____% of Gross Receipts for operations from the Cannabis Cultivation Permit on the Premises; and ____% of Gross Receipts for operations from the Cannabis Manufacturing Permit on the Premises; and _______ % of Gross Receipts for operations from the Cannabis Non-Storefront Retail Delivery Permit on the Premises. Facilities with multiple licenses must not commingle respective sales proceeds, and blend percentage rate of Gross Receipts. • Manufacturing 4 -6 % • Distribution 2-6% • Testing 1.5 -5% • Non-storefront Retail, delivery - 5 - 8% • Microbusiness (based on types making up the business) • Cultivation $12 -$14 square foot • Multiple Licenses - most negotiable [ ] If initialed here by the City Administrator, Operating Fees shall begin to accrue ninety (90) days after the end of month of the Effective Date of this Agreement. Otherwise, Operating fees shall begin to accrue in the month of the Effective Date of this Agreement. The operating fee shall be due and payable on the 10th day of each calendar month through-out the term of this Agreement. Failure to pay the fee within thirty (30) days after the due date shall result in a penalty for nonpayment in a sum equal to 25% of the total amount due. Additional penalties will be assessed in the following manner: 10% shall be added to ...
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Production Space means the area on or within the Premises intended for Commercial Cannabis Activities excluding non-operational common areas such as restrooms, cafeterias, break rooms, hallways, corridors, vestibules, parking structures or surface street lots. The parties stipulate and agree that the square footage for the Production Space shall be determined by the City Administrator in his sole and complete discretion as the Project is completed. Owner agrees to pay to City, in order to enable City to promote, protect, and enhance the healthy, safety, and welfare of the community and its residents and its quality of life, the greater of the following monthly fees (1) or (2):
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Examples of Production Space in a sentence

  • Products to be sold by Grower to M▇▇▇▇▇▇▇▇▇▇ are intended to include the entire Production Space of the Facilities.

  • Caribe, Ltd., Iridium Brasil Ltda., Khrunichev State Research and Production Space Center, Korea Mobile Telecommunications Corporation, Motorola, Inc., Raytheon Company, Sprint Corporation, STET -- Societa Finanziaria Telefonica per Azioni, Thai Satellite Telecommunications Co., Ltd.

  • Upon receipt of the Real Estate Certificate in the required form, the Parties agree to calculate the gross floor area for each of the Office Tower Space, the Canteen Space, the Initial Production Space and the Expansion Premises based on such Real Estate Certificate and, if such amounts differ from those currently set forth in Clause 2.4 hereof, either revise such amounts in Clause 2.4 hereof or execute a separate memorandum or agreement which sets forth such information.

  • Production Space Center 70,000 -- 11,775 -- -- 18, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇.

  • For greater certainty, Production Space shall include such space that is a result of the direct or indirect expansion (by way of new construction, acquisition, lease, or otherwise) in any or all of the, growing acreage, growing capacity, or growing, grading, packaging, distribution, warehousing, or related operations of the Facility.

  • Production Space Center 6,133,125 -- -- -- 18, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇.

  • Both Parties hereby agree and confirm that the monthly rents for the Premises shall be as follows: For the period beginning on the Commencement Date and continuing through the expiration of the Term of the Lease, the monthly rents shall be (i) ▇▇▇ ▇▇ ▇▇▇▇/▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇▇▇ of the gross floor area of the Office Tower Space and the Canteen Space and (ii) ▇▇▇ ▇▇ ▇▇▇▇/▇▇▇▇▇▇ ▇▇▇▇▇/▇▇▇▇▇ of the gross floor area of the Initial Production Space.