Examples of Shared driveway in a sentence
Together with the non-exclusive easement for vehicular and pedestrian ingress and egress as more particularly described by that certain Shared Driveway Easement Agreement dated February 28, 2012 and Recorded March 01, 2012 as Document No. 2012L07688.
Landlord shall be responsible for obtaining reimbursement for any other costs for constructing the Shared Driveway and the Cross Access Areas from the adjacent landowner as .more specifically provided in the Deed Restrictions.
Shared Driveway Costs" means the actual costs incurred by Landlord (or a third party) in the maintenance, repair and replacement of the Shared Driveway identified on Exhibit A.
In the event Shared Driveway Costs incurred during the final 7 years of the Term (as extended) includes a capital expenditure (as defined under GAAP) of any nature, Landlord shall reimburse Tenant for the unamortized portion of all such capital expenditures at the end of the Term (amortized on a straight-line basis over the useful life of the item in accordance with GAAP).
One-half (1/2) of all costs related to the initial construction of the Shared Driveway and a proportionate share of the cost related to that portion of the Cross Access Areas located on the Premises shall be included in the Premises Cost for purposes of this Lease and, as such, included in the determination of Fixed Monthly Rent.
Commencing on the Commencement Date, as an additional charge, Tenant shall reimburse Landlord for 50% of the Shared Driveway Costs for each calendar year.
Tenant, its employees, and invitees shall have the exclusive right to use the driveways and parking lots, except that the driveway area designated on Exhibit B as "Shared Driveway" shall be for access to the land and the parcel which is located Southerly of the land.
Tenant shall have all rights granted to Landlord, if any, to audit any Shared Driveway Costs bill for whixx Xenant shall be obligated to pay any portion hereunder.
Tenant shall pay Tenant's owed portion of the Shared Driveway Costs included in the SDC Statement within 30 days after receipt of the SDC Statement; however, Tenant will not be responsible for any portion of Shared Driveway Costs for which Landlord has not presented Tenant with a SDC Statement within one year after such Shared Driveway Costs bill was recxxxxd by Landlord.
The Shared Driveway Costs shall be pro rated for any partial year during the Term based on the actual number of days elapsed.