Expansion Structure definition

Expansion Structure means those certain buildings, structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements and improvements now or hereafter erected at the Bad ▇▇▇▇▇▇▇▇▇▇ Site to create an expansion to the Bad ▇▇▇▇▇▇▇▇▇▇ Building in accordance with the terms of the Actebis Lease.
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Examples of Expansion Structure in a sentence

  • Hut 8 will have up to fourteen (14) days following its receipt of the Plans, to review the Plans prior to the commencement of construction of the particular Expansion Structure and Hut 8 will have the right to make such non-material modifications to the Plans as it deems reasonably necessary in order to ensure that the Plans meet its reasonable requirements.

  • Once finalized, VPC’s construction of the Expansion Structure shall be in accordance with the Plans.

  • The parties hereto acknowledge that any Expansion Structure will be subject to formal site plan approvals as permitted by local authorities, taking into account reasonable provisions for parking, landscaping, fire code compliance and other reasonable design requirements and accordingly, the size and dimensions of any Expansion Structure may differ from those of the Building.

  • The parties acknowledge and agree that each Expansion Structure shall be of a design determined by VPC and Hut 8, acting reasonably, provided that the area and dimension shall comply with all applicable zoning, coverage and other governmental laws, rules and regulations and shall be of a design functionally similar to the stressed membrane structure and improvements comprising the Building.

  • It is the intention of VPC and Hut 8 that any such Expansion Structure will be constructed prior to the Commercial Operation Deadline with respect to Phase 2 or Phase 3, as the case may be; subject to any delays described in clause (ii) below.

  • Upon the finalization of the Plan, VPC and Hut 8 shall negotiate in good faith the adjustment to the monthly Gross Rent applicable to the addition of the Expansion Structure to the Building.

  • Upon finalization of the Plans and the agreement of the parties hereto with respect to the adjustment to the Gross Rent applicable to the Building including any Expansion Structure(s), VPC shall commence construction of the Expansion Structure at its expense.

  • If the parties do not amend the Lease, then any Expansion Structure shall be deemed to form part of the definition of Premises and Hut 8 shall have no obligation to pay the adjusted Gross Rent until VPC delivers vacant possession to such Expansion Structure.

  • Notwithstanding anything to the contrary contained in the foregoing, the Borrower shall obtain Lender's prior written consent with respect to any matter related to the Expansion Structure to the extent Borrower's consent is required (i) with respect to any change of plans or scope of the Expansion Structure as set forth in the Actebis Lease and (ii) to any waiver of any requirements of Actebis under Section 1.2 or 1.3 of Schedule 6 to the Actebis Lease.