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.

Related to Production Space

  • Production Area means that part of the animal feeding operation that includes the animal confinement area, the manure storage area, the raw materials storage area, and the waste containment areas. The animal confinement area includes, but is not limited to, open lots, housed lots, feedlots, confinement houses, stall barns, free stall barns, milkrooms, milking centers, egg washing or egg processing areas, areas used for the storage and disposal/treatment of mortalities, cowyards, barnyards, medication pens, walkers, animal walkways, and stables. The manure storage area includes, but is not limited to, lagoons, runoff ponds, storage sheds, stockpiles, under-house or pit storages, liquid impoundments, static piles, and composting piles. The raw materials storage area includes, but is not limited to, feed silos, and silage bunkers. The waste containment area includes, but is not limited to, settling basins and areas within berms and diversions which separate uncontaminated stormwater.

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).

  • Customer Premises means premises owned, controlled or occupied by the Customer which are made available for use by the Supplier or its Sub-Contractors for the provision of the Goods and/or Services (or any of them);