Employment at the Facility. The Company hereby agrees to create and maintain at all times at the Facility: zero (0) full time equivalent employees as of the Closing Date and thereafter throughout the Lease Term, calculated on the basis of 35 hours per week who are employees of the Company or any subsidiary or affiliates of the Company, or any consultants, contractors or subcontractors of the Company, or any subsidiary or affiliates of the Company, whose place of employment or workplace is located at the Facility (including the full time equivalent employees of all tenants at the Facility) (“FTE”).
Employment at the Facility. The Company hereby agrees to create and maintain at all times or cause the Sublessees to create and maintain at all times at the Company Facility: ninety-five (95) full time equivalent employees as of December 31, 2022, and one hundred five (105) full time equivalent employees as of December 31, 2023, and thereafter throughout the Lease Term, calculated on the basis of 35 hours per week who are employees of the Company or any subsidiary or affiliates of the Company, or any consultants, contractors or subcontractors of the Company, or any subsidiary or affiliates of the Company, whose place of employment or workplace is located at the Company Facility (including the full time equivalent employees of all tenants at the Company Facility) ("FTE"). It is further provided that the Company may not actually provide the FTEs at the Company Facility, but rather shall sublease the Company Facility to the Sublessees, and the FTE jobs created and maintained by the Sublessees at the Company Facility shall satisfy the requirement above. The Company's obligation with regard to creating or causing to be maintained FTEs includes (a) using all reasonable efforts to lease up the Company Facility, and (b) including provisions in all subleases requiring any tenant to comply with the provisions of the Lease Agreement applicable to them.
Employment at the Facility. The Company hereby agrees to create and maintain at all times at the Facility: twelve (12) full time equivalent employees as of December 31, 2025, and thereafter throughout the Lease Term, calculated on the basis of 35 hours per week who are employees of the Company or any subsidiary or affiliates of the Company, or any consultants, contractors or subcontractors of the Company, or any subsidiary or affiliates of the Company, whose place of employment or workplace is located at the Facility (including the full time equivalent employees of all tenants at the Facility) (“FTE”). The Company’s obligation with regard to creating or causing to be maintained FTEs includes (a) using all reasonable efforts to lease up the Facility, and (b) including provisions in all subleases requiring any tenant to comply with the provisions of the Lease Agreement applicable to them.
Employment at the Facility. The Company hereby agrees to create and maintain at all times at the Facility: 4 full time equivalent employees as of December 31, 2024 and thereafter throughout the Lease Term, calculated on the basis of 35 hours per week who are employees of the Company or any subsidiary or affiliates of the Company, or any consultants, contractors or subcontractors of the Company, or any subsidiary or affiliates of the Company, whose place of employment or workplace is located at the Facility (including the full time equivalent employees of all tenants other than residential tenants at the Facility) (“FTE”). The Company’s obligation with regard to creating or causing to be maintained FTEs includes (a) using all reasonable efforts to lease up the Facility, and (b) including provisions in all subleases requiring any tenant to comply with the provisions of this Lease Agreement applicable to them.
Employment at the Facility. The Sublessee covenants at all times to create and maintain at the Facility and at its facility located at 000 Xxxxx Xxxxxxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxx Xxxx 00000: one-hundred seventy-six (176) full time equivalent employees as of December 31, 20[__], and one-hundred eighty-six (186) full time equivalent employees as of December 31, 20[__] and thereafter throughout the Lease Term, calculated on the basis of 35 hours per week who are employees of the Sublessee or any subsidiary or affiliates of the Sublessee, or any consultants, contractors or subcontractors of the Sublessee, or any subsidiary or affiliates of the Company, whose place of employment or workplace is located at the Facility (including the full time equivalent employees of all tenants at the Facility) (“FTE”).
Employment at the Facility. The Company hereby agrees to create and maintain at all times in connection with the Facility: one and a half (1.5) full time equivalent employees as of December 31, 2019 and thereafter throughout the Lease Term, calculated on the basis of 35 hours per week who are employees of the Company or any subsidiary or affiliates of the Company, or any consultants, contractors or subcontractors of the Company, or any subsidiary or affiliates of the Company, whose place of employment or workplace is located either at the Facility (including the full time equivalent employees of all tenants at the Facility) or at an office in the City of Poughkeepsie, New York that is operated by a subsidiary or affiliate of the Company (“FTE”). It is further provided that the Company may not actually provide the FTEs at the Facility, but rather shall sublease the Facility to the tenants, and the FTE jobs created and maintained by the tenants at the Facility shall satisfy the requirement above. The Company’s obligation with regard to creating or causing to be maintained FTEs includes (a) using all reasonable efforts to lease up the Facility, and (b) including provisions in all subleases requiring any tenant to comply with the provisions of the Lease Agreement applicable to them.
Employment at the Facility. The Company hereby agrees to create and maintain at all times at the Facility: 32 full time equivalent employees as of December 31, 2024, and thereafter throughout the Lease Term, calculated on the basis of 35 hours per week who are employees of the Company or any subsidiary or affiliates of the Company, or any consultants, contractors or subcontractors of the Company, or any subsidiary or affiliates of the Company, whose place of employment or workplace is located at the Facility (including the full time equivalent employees of all tenants at the Facility) (“FTE”). It is further provided that the Company may not actually provide the FTEs at the Facility, but rather may sublease the Facility to tenants and/or assign Parcels to future lessees, and the FTE jobs created and maintained by the tenants and future lessees at the Facility shall satisfy the requirement above. The Company’s obligation with regard to creating or causing to be maintained FTEs includes (a) using all reasonable efforts to lease up the Facility, and (b) including provisions in all subleases requiring any tenant to comply with the provisions of this Lease Agreement applicable to them.
Employment at the Facility. The Company hereby agrees to create and maintain or cause to be created and maintained at all times at the Facility and at the facility located at 000 Xxxxx Xxxxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxx Xxxx 00000: one-hundred seventy-six (176) full time equivalent employees as of December 31, 20[__], and one-hundred eighty-six (186) full time equivalent employees as of December 31, 20[__] and thereafter throughout the Lease Term, calculated on the basis of 35 hours per week who are employees of the Company or any subsidiary or affiliates of the Company, or any consultants, contractors or subcontractors of the Company, or any subsidiary or affiliates of the Company, whose place of employment or workplace is located at the Facility (including the full time equivalent employees of all tenants at the Facility) (“FTE”). It is further provided that the Company may not actually provide the FTEs at the Facility, but rather shall sublease the Facility to the Sublessee, and the FTE jobs created and maintained by the Sublessee at the Facility shall satisfy the requirement above. The Company’s obligation with regard to creating or causing to be maintained FTEs includes (a) using all reasonable efforts to lease up the Facility, and (b) including provisions in all subleases requiring any tenant to comply with the provisions of the Lease Agreement applicable to them.
Employment at the Facility. The Company hereby agrees to create and/or maintain at all times at the Facility: sixty-two (62) full time equivalent employees as of December 31, 2018, and ninety-two (92) full time equivalent employees as of December 31, 2019 and thereafter throughout the Lease Term, calculated on the basis of 35 hours per week who are employees of the Company or any subsidiary or affiliates of the Company, or any tenants, consultants, contractors or subcontractors of the Company, or any subsidiary or affiliates of the Company, whose place of employment or workplace is located at the Facility (including the full time equivalent employees of all tenants at the Facility) (“FTE”).
Employment at the Facility. The Sublessees covenant at all times to create and maintain at the Facility: ninety-five (95) full time equivalent employees as of December 31 2022, and one hundred five (105) full time equivalent employees as of December 31, 2023 and thereafter throughout the Lease Term, calculated on the basis of 35 hours per week who are employees of the Sublessees or any subsidiary or affiliates of the Sublessees, or any consultants, contractors or subcontractors of the Sublessees, or any subsidiary or affiliates of the Company, whose place of employment or workplace is located at the Facility (including the full time equivalent employees of all tenants at the Facility) (“FTE”).
