Retail Unit definition

Retail Unit is defined in paragraph E of the Recitals.

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Retail Unit means the space demised under the Retail Unit Lease.

Retail Unit means the “Retail Unit” as defined in the Condominium Declaration and as shown on the Condominium Plans.

Examples of Retail Unit in a sentence

As the Retail Unit Owners (if any) do not use and will not pay the costs associated with the swimming pool, the Retail Unit Owners (if any) should not be entitled to vote on resolutions relating to the use of the swimming pool unless the passing of the resolution would cause material detriment to the Retail Unit Owners.
The Landlord agrees not to let or enter into an agreement for lease or permit any right of occupancy or permit any change of use of the Retail Units where the use is a Prohibited Use and to include within any lease or licence of a Retail Unit an express prohibition on a Prohibited Use.
No changes should be made to the District Jointly Owned Property Declaration that would make the Retail Unit Owners (if any) responsible for the costs of Exclusive Goods and Services provided in relation to the swimming pool.
Borrower shall have no right to cause Mortgage Borrower to release Purchase Agreement Deposits from the Purchase Agreement Deposit Accounts, except as expressly provided in the applicable Residential Unit Contract of Sale or the Retail Unit Contract of Sale, as applicable.
The owner of the Retail Unit shall be responsible to reimburse the Association for 11.65% of such costs, and the owner of the Residential Unit shall reimburse the association for 88.35% of such costs.

More Definitions of Retail Unit

Retail Unit has the meaning ascribed to such term in the Master Loan Agreement.

Retail Unit shall have the meaning set forth in that certain Declaration of Easements, dated as of December 3, 1997, between TSP and Atlantic Financial Group, Ltd., recorded on December 18, 1997, in the Office of the City Register, New York County, in Reel 2523, Page 2084, and includes, among other things, (i) a fee simple interest in certain portions of the Building (i.e., most of the first, second and third floors of the Building and certain portions of the fourth floor and the first floor of the cellar), (ii) an undivided twenty five percent (25%) fee interest in the general common elements of the Building (e.g., the underlying land and all shared utility facilities), and (iii) various access and other easements (including access to the hotel located on the upper floors of the Building, the general common elements of the Building and the limited common elements appurtenant to the portions of the Building referenced in clause (i) above).

Retail Unit means Condominium Unit 1, which area is demarcated on the Plans, regardless of the uses to which such Condominium Unit may be put from time to time, which Retail Unit may be subdivided as provided in Paragraph 21 of this Declaration.

Retail Unit means any Retail Space which is meant for retail/shop/showroom use and is capable of being exclusively owned, used and enjoyed by any Allottee together with the right, if any, to park cars in the Car Parking Spaces, the undivided impartible variable proportionate share or interest in the Common Areas with right to use and enjoy the same in common and wherever the context so intends or permits, shall include the Undivided Share attributable to such Retail Space;

Retail Unit or “Retail Units” means one or both (as the context requires) of the two (2) Units located at the Property, comprising in the aggregate approximately 29,473 rentable square feet, to be used for retail purposes in accordance with the terms of the Loan Documents and in compliance with Legal Requirements. For purposes of this Agreement, the Retail Units shall not include or refer to the F&B Space, which shall be deemed part of the Hotel Unit for all purposes hereunder.

Retail Unit and "Residential Unit" on Part II of Exhibit A hereto (said Units being hereinafter referred to, respectively, as the "RETAIL UNIT" and the "MASTER RESIDENTIAL UNIT", and collectively as the "REMAINING PREMISES") are being released from the lien of Substitute Building Loan Note Mortgage B and Residential Owner is being released from its obligations and liabilities under Substitute Building Loan Note B and Substitute Building Loan Mortgage B.

Retail Unit as defined in the Condominium Declaration.