Project Development Rider definition
Examples of Project Development Rider in a sentence
Lessee shall develop and finance the Project, and design and construct the Initial Improvements, in accordance with the terms and conditions of the Project Development Rider attached as Exhibit C hereto.
The performance of all obligations of Landlord under the Project Development Rider shall be guaranteed by Wilc▇▇ ▇▇▇elopment Services, Inc.
EXHIBIT C PROJECT DEVELOPMENT RIDER Exhibit C Project Development Rider This Project Development Rider ("Rider") is attached to and made a part of that certain Ground Lease entered into by and between iStar San ▇▇▇▇, llc, a Delaware limited liability company ("Lessor"), and Equinix, Inc., a Delaware corporation ("Lessee").
Tenant shall not keep or permit to be kept any property on or about the Premises, or conduct any activity on or at the Premises, which exceeds the rated capacities of the Premises, as established in accordance with the Project Development Rider.
Under no circumstances or conditions, whether now existing or hereafter arising, and whether within or beyond the present contemplation of the parties, shall Landlord be expected or required to make any payment of any kind whatsoever with respect to the Premises, or have any obligation or liability with respect to the Premises, except if and solely to the extent expressly so provided elsewhere in this Lease (including the Project Development Rider).
Subject to Landlord's acquisition of the Land and construction of the Initial Improvements in accordance with the requirements of the Project Development Rider, Tenant shall accept the Premises subject to all recorded matters, laws, ordinances and governmental regulations and orders in effect on the Effective Date.
See Section 2.3 of this Lease, and Section 6.5 of the Project Development Rider.
The "TERM COMMENCEMENT DATE" shall be the earlier of: (i) the date that Tenant first occupies any portion of the Premises for the conduct of its business; or (ii) the Substantial Completion Date (as defined in, and determined in accordance with, Section 5.4 of the Project Development Rider) for the First Increment; provided, however, that in no event shall the Term Commencement Date be prior to May 1, 2001.
This Lease (including the Project Development Rider and other Exhibits hereto) sets forth all of the covenants, promises, agreements, conditions and understandings of the parties relating to the subject matter of this Lease, and there are no covenants, promises, agreements, conditions or understandings, either oral or written, between them other than as are herein set forth.