Project Lessor definition
Examples of Project Lessor in a sentence
Notwithstanding Article 21 above, upon Substantial Completion of the Project as defined in the CSA and the recording of a Notice of Completion for the Project, Lessor or its assignee and the District shall release Lessor’s leasehold interest in Project and the Site.
In the event of a sale of the Building or the Project, Lessor shall have the right to transfer the Security Deposit to the purchaser, and Lessor shall thereupon be released from all liability for the return of such Security Deposit.
In the event that Lessor deems it necessary to prevent the acquisition of public rights in and to the Building or the Project, Lessor may from time to time temporarily close portions of the Common Areas and may erect private boundary markers or take such steps as deemed appropriate for that purpose.
Lessor shall reimburse Lessee the Planned Capital Refurbishment Project Lessor Funding Amount as provided for herein in accordance with and subject to the provisions of this Section 9.8. Lessee shall be solely responsible to perform all Planned Capital Refurbishment Project(s) it undertakes and to pay or fund all Planned Capital Refurbishment Project Costs (subject to any reimbursement obligation of Lessor expressly provided for in this Section 9.8).
In computing the square footage of the Demised Premises and all premises in the Building Project, Lessor includes a proportionate factor of all meter rooms and other utility closets as may be required and interior corridors to which Lessee has access.
Notwithstanding any provision to the contrary contained in this Agreement, upon the sale or exchange of the Project, Lessor (or its successor in interest as more particularly described below) shall be entitled to terminate this Agreement by giving written notice ("Termination Notice") to Lessee.
Notwithstanding any provision to the contrary contained in this Agreement, upon the sale or exchange of the Project, Lessor (or its successor in interest as more particularly described below) shall be entitled to terminate this Agreement provided that the close of any such sale or exchange occurs on or after January 1, 2003 by giving written notice ("Termination Notice") to Lessee.
In connection with such entry and in connection with carrying out any of its responsibilities hereunder or its privileges as the owner of the Project, Lessor shall be entitled to erect such scaffolding and other necessary structures or equipment as reasonably may be required by the character of the work to be performed, provided that Lessor shall not unreasonably interfere with the conduct of Lessee's business.
Notwithstanding the foregoing provisions of this Section 11, with respect to the exterior of the Buildings and the common areas of the Project, Lessor shall comply with all laws, ordinances, orders, rules and regulations (including without limitation, the zoning classifications existing as of the Rental Commencement Date) of any lawful authority having jurisdiction over the Project.
If any general or special assessment is levied and assessed against the Project, Lessor agrees to use its best reasonable efforts to cause the assessment to become a lien on the Project securing repayment of a bond sold to finance the improvements to which the assessment relates which is payable in installments of principal and interest over the maximum term allowed by law.