Parking Lot Operator definition

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Parking Lot Operator means a person, association, corporation, partnership, joint venture, or any other business arrangement or organization, including a Park and Fly Hotel, also referred to in this Ordinance as "Permittee," that provides parking for vehicles, which utilizes the Airport for the purpose of picking up or delivering Airport Customers and transporting Airport Customers to or from parking lot facilities located off the Airport. Off-Airport Rental Car Businesses that offer parking to Airport Customers are also considered Parking Lot Operators and the Concession Fee shall apply to that portion of its business that offers parking.

Parking Lot Operator means (i) Central Parking System, Inc. or an Affiliate, or (ii) such other person selected by the Partnership to operate the Properties. "Partner" means any General Partner or Limited Partner. "Partnership" means the limited partnership formed in accordance with this Agreement by the parties hereto, as said limited partnership may from time to time be constituted. "Partnership Property" means all or any portion of the assets owned or to be owned by the Partnership, including the Properties and all incidental personal property. "Person" means any individual or Entity. "Preferred Return" means the cumulative, non-compounded annual return equal to 12% of the Adjusted Capital Balance of each Investor commencing as of the first day of the calendar quarter immediately following the calendar quarter in which such Investor was admitted to the Partnership, except as set forth in Section 7.2.E in regard to transferred or assigned Units, less any Net Cash Flow distributed to each Investor pursuant to Section 4.3 and any Net Proceeds from a Sale or Financing distributed to each Investor in respect of the Preferred Return pursuant to Section 4.2A(i). "Profit" or "Loss" means, for each fiscal year or other period, an amount equal to the Partner- ship's taxable income or loss for such year or period, with the following adjustments: (i) any income of the Partnership that is exempt from federal income tax shall be added to such taxable income or loss; (ii) any expenditures of the Partnership described in Section 705(a)(2)(B) of the Code, or treated as Section 705(a)(2)(B) of the Code expenditures pursuant to Income Tax Reg. ss.1.704-1(b)(2)(iv)(i), shall be subtracted from such taxable income or loss; and (iii)

Examples of Parking Lot Operator in a sentence

At all times when the Parking Lot is closed, monthly permit holders shall be afforded access to the Parking Lot by means of a magnetic card or other procedure provided by Landlord or the Parking Lot Operator.
It is hereby expressly agreed that the “Parking Lot Operator” shall be anyone so designated, from time to time, by the Lessor, and as of the date of designation thereof all the provisions of this Agreement shall apply as if referring ab initio to the entity designated by the Lessor as the Parking Lot Operator.
Notwithstanding the aforesaid, the Lessor and/or the Management Company and/or the Parking Lot Operator shall be liable for damages caused as a result of their negligence.
The Parking Lot Operator and/or the Lessor and/or any person on their behalf shall not be liable for any damage that is caused to the Lessee's vehicles as a result of the aforesaid performance, unless these were caused due to the negligence of the Parking Lot Operator and/or the Lessor and/or any person on their behalf.
Furthermore, the Lessor and/or the Management Company and/or the Parking Lot Operator shall not be liable for theft of the car.
In the event of blocking passages or parking other than in accordance with the instructions of the Parking Lot Operator, the Parking Lot Operator shall be entitled to take all the measures required in order to remove the disturbance and in this regard to tow the vehicle away, to move it and to perform any act which it thinks fit for the purpose of preserving the proper order and operation of the Parking Lots.
The Lessee's use of the Parking Lots on a permanent basis or within the framework of a subscription shall require a separate agreement to be signed with the Lessor and/or the Management Company and/or the Parking Lot Operator, in the format attached as Appendix "I" to this Agreement.
The Parking Lot Operator shall make an effort to notify the Lessee prior to exercising its authority as specified above, insofar as it is possible to do so.
It is hereby agreed that the Lessee shall be responsible and liable vis-à-vis the Lessor and/or the Management Company and/or the Parking Lot Operator with respect to any claim or contention on the part of the Parking Lot Operator or any third party against anyone bringing a car into the Parking Lot by virtue of a Parking Card allocated to the Lessee, provided that this shall not apply to things over which the Lessee has no control, such as acts of terror.
Parking vehicles in the Parking Lots is at the sole liability of the vehicle owner or driver and no obligation to guard the vehicles or any other liability in connection therewith and/or in connection with their contents is imposed on the Lessor and/or the Management Company and/or the Parking Lot Operator.

More Definitions of Parking Lot Operator

Parking Lot Operator means (i) Allright Auto Parks, Inc. or an Affiliate, or (ii) such other person selected by the Partnership to operate the Properties. "Partner" means any General Partner or Limited Partner. "Partnership" means the limited partnership formed in accordance with this Agreement by the parties hereto, as said limited partnership may from time to time be constituted. "Partnership Property" means all or any portion of the assets owned or to be owned by the Partnership, including the Properties and all incidental personal property. "Person" means any individual or Entity. "Preferred Return" means the cumulative, non-compounded annual return equal to 12% of the Adjusted Capital Balance of each Investor commencing on the earlier of (i) the final closing for the sale of Units or (ii) December 31, 1988, less any Net Cash Flow distributed to each Investor pursuant to Section 4.3 and any Net Proceeds from a Sale or Financing distributed to each Investor in respect of the Preferred Return pursuant to Section 4.2A(i). "Profit" or "Loss" means, for each fiscal year or other period, an amount equal to the Partner- ship's taxable income or loss for such year or period, with the following adjustments: (i) any income of the Partnership that is exempt from federal income tax shall be added to such taxable income or loss; (ii) any expenditures of the Partnership described in Section 705(a)(2)(B) of the Code, or treated as Section 705(a)(2)(B) of the Code expenditures pursuant to Income Tax Reg. ss.1.704-1(b)(2)(iv)(i), shall be subtracted from such taxable income or loss; and (iii)

Parking Lot Operator means a person, association, corporation, partnership, joint venture, or any other business arrangement or organization, also referred to in this Ordinance as "Permittee," with a primary business of providing parking for vehicles, which utilizes the Airport for the purpose of picking up or delivering Airport Customers and transporting Airport Customers to or from parking lot facilities located off the Airport.

Parking Lot Operator. The County's beach parking lot manager. Portable Building: A temporary self-supporting structure not to exceed 8 feet tall, 8 feet wide and 40 feet long provided by Licensee during the course of business offering hang gliding recreation and lessons. Trade Fixtures: All necessary appliances, furniture, fixtures and equipment to engage in the Authorized Activity from the Premises and in any other authorized areas of the Premises. State: The State of California.