TTUS definition
Examples of TTUS in a sentence
TTUS shall have the right to appoint one (1) ex-officio director to attend meetings of the board of managers of Tenant in a non-voting capacity; provided, that any such ex-officio director shall be subject to the reasonable approval of Tenant (the “Ex-Officio Director”).
Additionally, if Tenant constructs office or meeting facilities on or adjacent to the Data Center Campus, Tenant shall grant TTUS and its Component Institutions reasonable access to common areas, meeting space and conference facilities for academic uses at no cost.
Tenant shall work in good faith with TTUS to sponsor a program for the establishment of a workforce training and development program for the training, education, development and placement of TTUS Component Institution students in the electric generation, data science, cybersecurity, and artificial intelligence industries.
TTUS shall bear all costs of and shall be responsible for designing, constructing, operating and maintaining the Texas Tech University System Research Campus for the benefit of the TTUS Component Institutions.
The Parties will enter into a facilities use agreement or license agreement in form and substance reasonably acceptable to the Parties, for the shared use of such facilities by TTUS and its guests.
Within one year following substantial completion Phase One, Tenant shall sublease to TTUS, at no charge to TTUS, not less than fifteen (15) acres on the Data Center Campus for Landlord’s construction of academic and research facilities at a location reasonably satisfactory to TTUS (the “Texas Tech University System Research Campus”).
Tenant shall provide TTUS with access to roads and electric, water, wastewater, and other utilities available on the Premises for such facility.
At the request of Tenant, TTUS or the applicable TTUS Component Institution and Tenant shall enter into a trademark and licensing agreement, which shall set forth certain licensing rights of Landlord’s trademarks by Tenant (with appropriate limitations on the use to protect TTUS and the applicable TTUS Component Institution) in connection with the operation of the Project (the “Trademark and Licensing Agreement”).
Notwithstanding the foregoing to the contrary, the University shall be permitted to convey its fee interest in the Property to TTUS without the consent of Tenant.
Tenant shall work with its operators and Subtenants to identify internships and job placement opportunities for students and graduates of TTUS Component Institutions.