Spec Buildings definition
Examples of Spec Buildings in a sentence
For the avoidance of any doubt, the Implementing Member must elect to sell, in bulk, (i) both Broadcom Buildings together if the Implementing Member elects for the Broadcom Property to be sold, (ii) both Spec Buildings together if the Implementing Member elects for the Spec Property to be sold, or (iii) the entire Remaining Campus Property if the Implementing Member elects for the entire Remaining Campus Property to be sold.
At the closing of the Campus Subsidiary’s purchase of the Campus, (i) Five Point Opco will enter into an agreement with the Campus Subsidiary to lease approximately forty-four thousand four hundred (44,400) square feet in one (1) of the Spec Buildings (the “Five Point Lease”), and (ii) Lennar Homes of California, Inc.