Examples of Shared Areas in a sentence
In consideration of the grant of use and enjoyment of the Shared Areas and the contribution to the construction and acquisition of the Shared Areas, each of the Parties shall be deemed to acquire an equal right to use and enjoyment of, and responsibility for capital renewal and maintenance costs associated with, the Shared Areas.
The Parties will share responsibility, in accordance with Schedule “C”, for the capital renewal, operation, and maintenance of Onsite Service within the Shared Areas.
Each Party acknowledges and agrees that it shall not undertake any independent action with respect to the operation or management of the Shared Areas outside of the governance process provided herein.
It is acknowledged and agreed between the Parties that, subject to further or other agreements between the Parties, the City shall manage and operate the Shared Areas for the equal benefit of the Parties.
For the Shared Areas the City will maintain throughout the Term of this Agreement legal and public liability and property damage insurance that cover both the City, the College and the School Division interests in the same amounts, and under the same policies, as the City maintains in respect of the Energy Centre.