Parking Parcels definition
Examples of Parking Parcels in a sentence
The Parking Lease(s) and the Commercial Development Lease will each require well-capitalized entities approved by the District to provide a guaranty for the completion of the construction of the improvements on the Parking Parcels and the Commercial Parcels, respectively, at the time of the release of such parcels, all as further defined in the Parking Lease(s) and the Commercial Development Lease, as applicable.
If Redeveloper elects to continue this Lease with respect to the Expansion Parcels, then upon the close of escrow for the Hotel Parcel and Parking Parcels, the Base Rent for the Expansion Parcels shall be fifty-nine percent (59%) of the Base Rent set forth in Section 10, and there shall be a termination of any remaining Rent Reduction/Credit pursuant to Section 10.
Any improvements upon the Stadium District Parcel, the Parking Parcels, the Team Administration Parcel, or the Commercial Parcels that are owned by the District shall also comprise part of the Leased Premises.
However, due to the fact that such amount would result in a purchase price of less than $3,350,000, the parties have agreed to fix the purchase price of the Hotel Parcels and the Parking Parcels at $3,350,000.
The District will pursue an amendment to the District of Columbia Comprehensive Plan for the National Capital, including the Future Land Use Map, as part of the District 2050 Comprehensive Plan rewrite process, in order to facilitate the establishment of zoning by the District of Columbia Zoning Commission for the entire Leased Premises, including the Stadium District Parcel, the Team Administration Parcel, and the Parking Parcels following the expiration of the zoning exemption.
If Seller does not convey the Parking Parcels to the County of Maui prior to Closing, Buyer shall indemnify, defend and hold Seller Parties harmless from and against all Claims arising out of or in connection with the Parking Parcels from and after the Closing.
The execution, delivery and performance by the Company of this Agreement has been duly authorized and approved by the Company, if applicable, and do not require any further authorization or consent.
Without limitation, Borrower shall cause Parking Sub to perform all such obligations under Leases of the Parking Parcels.
All mortgage, mortgage recording, stamp, intangible or other similar tax required to be paid under applicable Requirements in connection with the execution, delivery, recordation, filing, registration, perfection or enforcement of any of the Loan Documents, including, without limitation, the Security Instrument and the Parking Parcels Security Instrument, have been paid or are being paid simultaneously herewith.
The zoning approval for the Property and the Parking Structure is not dependent upon the ownership or use of any property which is not encumbered by the Security Instrument or the Parking Parcels Security Instrument or adequately provided for in the REA and Sub-REA.