Shared Amenities definition
Examples of Shared Amenities in a sentence
After the Delivery Date, Subtenant shall have access to the Shared Amenities upon completion of certain telecommunication work being performed therein by Sublandlord (scheduled to be completed April 1, 2025, except that the Galaxy space is scheduled to be ready June 1, 2025), which work Sublandlord shall complete as soon as reasonably possible but in no event later than the Commencement Date.
Notwithstanding the foregoing, if Subtenant is unable to access the Shared Amenities prior to the Commencement Date, there shall be no extension of the Commencement Date or Abatement hereunder.
Seller will prepare and deliver to Buyer a plan for: (A) the separation of the Shared Amenities; (B) the construction of roads, sidewalks and other improvements necessary for satisfactory ingress and egress to the Property and Seller’s retained land (see following paragraph); and (C) the construction of fences and other barriers to appropriately secure the common boundary between the Property and Seller’s retained land (the “Separation Plan”).
For the avoidance of doubt: (i) ROFO Space may not consist of only a portion of the second (2nd) floor; and (ii) ROFO Space may not consist of the Shared Amenities Space unless Sublandlord’s Offer Notice designates all rentable area of the Building not already subleased by Subtenant as ROFO Space (in which case, the Shared Amenities Space shall be included as ROFO Space).
Landlord reserves the right to make all such changes, additions, improvements and replacements as Landlord may elect, in its sole and absolute discretion and nothing set forth herein in this Section 2.5 shall be deemed a covenant or representation that Landlord shall not cease operation of all, or a portion of, the Shared Amenities during the Term.
If Seller does not terminate the Agreement, Seller shall prepare and deliver a schedule to Buyer outlining the time period for completing separation of the Shared Amenities in compliance with the approved Separation Plan.
Sublandlord shall maintain and operate the Shared Amenities in accordance with the Master Lease, or cause Landlord to do so.
To the extent Landlord’s Services apply to the Subleased Premises, Shared Amenities or Building common areas that Subtenant is entitled to access under this Sublease, Subtenant shall have the benefit of such services, at Subtenant’s cost (as part of Additional Charges) to the extent chargeable to Sublandlord by Landlord under the Master Lease.
In the event of any conflict or inconsistency between the provisions set forth in this First Amendment to the Fourth Renewal and Modification and the Original Contract as previously modified, this First Amendment to the Fourth Renewal and Modification shall govern and control.
The total amount of Base Rent abated during the Abatement Period, in the amount of $741,855.40 (i.e., $631,887.36 with respect to the Subleased Premises Base Rent plus $109,968.04 with respect to the Shared Amenities Space Base Rent), is referred to herein as the “Abated Rent”.