Spec Building definition

Spec Building means the new building constructed to create an enclosed area of a commercial Facility, which would be used by a business that would normally qualify for Abatement or Incentives, built without an occupying tenant at the time the construction has started or is complete.
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Spec Building means that certain approximate 50,000 rentable square foot, two-story office building planned for construction by Bloomfield Associates in Cerritos, California, on that certain real property described on Exhibit H hereto.
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Examples of Spec Building in a sentence

  • However, Purchaser shall exercise no control, supervision or authority over the Sellers’ development of the Spec Building located on the Improved Land as Seller is the owner builder and is improving the Improved Land, as Seller sees fit, to openly market and sell the Improved Land, unless Purchaser buys the Improved land, so as not to lose the opportunity to satisfy its needs.

  • If Landlord elects to construct a Spec Building, then until the expiration of the Option Term, Tenant shall have a right of first refusal (a "ROFR") to lease space in the Spec Building.

  • A building permit must be issued by the City of Lawrence, Kansas permitting construction of improvements in the Spec Building for the benefit of Deciphera.

  • Upon construction of the Spec Building, Landlord’s architect shall certify to Tenant the rentable area of the Spec Building.

  • Building to Purchaser for Purchaser's review and approval (which plans and specifications shall provide for the installation of all applicable utilities and other building systems for each Spec Building).

  • The County hereby acknowledges and agrees that, upon such conveyance of Parcel 10 together with County Spec Building and other real property improvements located on Parcel 10, such land shall automatically comprise a portion of the Site, and such land and real property improvements shall automatically comprise a portion of the Project, both without further action, consent, or approval of the County.

  • All portions of the Land other than the Premises and the Spec Building, including all facilities to be furnished by Landlord and designed for the general use, in common, of occupants of the Project, including Tenant, their respective officers, agents, employees, invitees and customers, as well as all of the following which shall be furnished by Landlord: parking areas, driveways, entrances and exits to the Project from a public roadway and landscape areas.

  • Landlord and Tenant hereby acknowledge that Landlord currently operates a fitness center (the "Fitness Center") in Project, and, for so long as Landlord continues to operate the Fitness Center, the use of the Fitness Center shall be limited to (i) Tenant and Tenant's employees, and (ii) the tenants and their employees of 18 HCP, INC.[4939 Director's Place][Sorrento Therapeutics, Inc.] the 4955 DP Building and, if constructed, the Landlord Spec Building.

  • The Parties also agreed to cooperatively build a project commonly known as the Spec Building on a portion of the Cirrus Sky Technology Park property.

  • CCEP and Samet wish to cause construction of a Spec Building on the site, located on Parcel Identification Number 9655-38-2580-00 and more particularly described on Exhibit B.