Shell Structure definition

Shell Structure means the state of the construction of the Leasehold Building as of the Commencement Date. Landlord and Tenant agree that the state of the construction of the Leasehold Building as of the Commencement Date is such that the Leasehold Building is comprised only of: (i) interior load bearing walls (comprised of concrete block and steel columns – 30 feet on center); (ii) exterior walls comprised of concrete block (rear) and stucco material (sides and front); and; (iii) a roof comprised of a gravel covered, shingle membrane over a wood substructure material and a concrete pad flooring.
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Examples of Shell Structure in a sentence

  • Landlord and Tenant further agree that the value of the Shell Structure as of the date of the Casualty Event shall be the sum of $1,500,000.00 (adjusted each year during the Lease Term utilizing the CPI Escalation described in Section 3.02, above) (the “Shell Structure Value”).

  • After consideration of the offers, DMRC has selected M/s as “Licensee” for assigning Licensing rights of Built-up and / or Bare Shell Structure as given in Annexure-I at D-21 Corporate Park hereinafter called “Licensed Space”, on “as is where basis is”.

  • Any delay by Tenant in provision or completion of a space plan beyond the time frames described above which causes delay in commencement or completion of the Workable Shell Structure or Tenant Improvements shall constitute a Tenant Delay for all purposes of this Lease.