Composite Shop definition
Examples of Composite Shop in a sentence
Tenant further agrees to provide Authority access through Tenant’s Machine Shop and/or Composite Shop to Rooms SO3-102, SS5-112 and SS5-117.
Should Tenant exercise this early termination right, on or after December 1, 2017, Tenant shall be required to return the entire Machine Shop and Composite Shop space along with all Equipment residing in the space as noted on the Master Equipment List to Authority on such termination date.
Tenant shall pay to Authority as additional rent, a percentage rental of Tenant’s Operating Profit derived collectively from the Machine Shop and Composite Shop operations (the “Machine and Composite Shop Percentage Rent”).
Tenant shall be responsible for the maintenance, repair and upkeep of all Equipment (tooling and equipment) included in the Machine Shop, Composite Shop and Interior Shop, including, manufacturers’ recommended preventative maintenance and the provisioning and replenishment of all consumables.
The Tenant shall, at its cost and expense, be responsible during the Term of this Lease Agreement for performing all maintenance, repairs and replacements with respect to the Equipment furnished by the Authority to Tenant that resides in the Machine Shop, Composite Shop and Interior Shop (the “Shop Equipment”), including without limitation preventive maintenance upon a periodic schedule acceptable to the Authority.
To exercise said early termination right to the Machine Shop and Composite Shop, Tenant shall provide Authority one hundred and eighty (180) days prior written notice with respect to the termination date.
Notwithstanding the terms of subsection (A) above, Tenant shall have an early termination right with respect to the Machine Shop and Composite Shop, in whole, from and after December 1, 2017.