Parking Garage. If and at such time that the Parking Garage referred to in Section 8 below is constructed on Zoo property, the Parking Garage shall be included within the definition of “Premises” under this Agreement.
Parking Garage a. The Parking Garage is rented for the term of the tenant’s lease.
Parking Garage. In the event that the District elects to construct a Parking Garage on Parcel H-3 that is intended principally to serve the convention center component of the RHCC (the “Parking Garage”), the District may elect to pay for the Parking Garage using some or all of the Special Tax Revenues in an amount not to exceed $40,000,000. If the District elects to fund the Parking Garage using Special Tax Revenues, the District shall use such Special Tax Revenues in accordance with a separate agreement to be entered into by the Parties. The District shall designate any funds generated by the operation of the Parking Garage for the purpose of paying for the construction of the Parking Garage or reimbursing the Special Tax District for such expense (the “Parking Garage Operating Revenue Offset”).
Parking Garage. If the District expends District general funds on the construction of the Parking Garage, the District shall be entitled to reimbursement out of available Special Tax Revenues upon providing the City’s designated Financing District administrator with reasonable evidence that the District has completed, or has caused the completion of such construction. The District may elect to perform the work itself or contract with any third party at its election to perform the work. If Special Tax Revenues are not immediately available for reimbursement, the City shall cause the payment of Special District Revenues to the District in installment payments until such amounts are reimbursed in full. The District shall have up to three years from the time the Parking Garage is completed to request reimbursement from the City. As more particularly provided in the Implementation Agreement and/or the Amended and Restated Revenue Sharing Agreement between the Parties, to the extent Rental Car Fees or alternative (non-general fund) funding sources are available, the District’s right to reimbursement under this Section out of Special Tax Revenues shall be offset by such amounts.
Parking Garage. To meet the City’s parking requirements and Historic Requirements for the Project, an underground parking garage, with a portion located within the City Easement Area, is essential to the Project during the life of the Project. The Developer shall be solely responsible for the design, permitting, construction, operation, maintenance, repair, and security of the Parking Garage, including the portion on the City Easement Area (consisting of approximately thirty-two (32) parking spaces and one drive aisle). As part of the consideration for City entering into this Agreement and granting Developer the right to locate a portion of the Parking Garage on the Parking Garage Easement Area, Developer shall grant an irrevocable license to the City to provide public parking in the Parking Garage, including rights of ingress and egress to and from the Parking Garage on the 220 Park Property, which shall have priority over Mortgagees, pursuant to the terms of a City Easement and Public Use Agreement in a form substantially similar to Exhibit D attached hereto and incorporated herein by this reference.
Parking Garage. 18.1. The Lessee represents that it is aware that the Building houses a parking garage for private and commercial vehicles up to 3 tons and a maximum height of 2.2 meters that is designated for the use of the Building’s tenants and the public. However, the public garage shall not be included in the Building’s Public Areas (in order to calculate the Lessee’s pro rata share for Management Fee purposes – see section 11.10 above). The Lessee shall have the right to lease parking spaces in the parking garage from the Lessor in consideration of parking rental fees to be paid on a per parking space basis, as set forth in Appendix J to this Agreement. For the removal of doubt, it is hereby clarified that parking rights shall be allocated to a particular vehicle in a specific and defined parking space (to be determined by the Lessor and/or the Management Company). In addition to any other payment it is obligated to make under this Agreement, the Lessee undertakes to deposit a certain amount with the Lessor in connection with the remote controls to be provided to the Lessee for its use of the parking garage, as set forth in Appendix J.
Parking Garage. Subject to the terms and conditions contained in this Section 58 and elsewhere in this Lease, commencing on the Commencement Date, Tenant shall have a license to use, throughout the Term, as the same may be extended, up to 0.80 parking spaces per 1,000 rentable square feet leased by Tenant hereunder (the “Parking Ratio”), in the Parking Garage, which Landlord and Tenant acknowledge and agree shall mean up to fourteen (14) parking spaces on the Commencement Date. Tenant may increase or decrease the number of parking spaces licensed by Tenant hereunder (subject to the Parking Ratio) at any time upon at least sixty (60) days’ prior written notice to Landlord. All parking spaces licensed by Tenant hereunder shall be at the then current market rate for the Center Plaza Parking Garage (the “Parking Garage”), which market rate is currently (a) $525.00 per space per month for unreserved spaces and (2) $620.00 per space per month for reserved spaces. Tenant acknowledges and agrees that the operator of the Parking Garage may rearrange the configuration of any parking spaces, and otherwise change or alter the Parking Garage in any manner whatsoever, so long as Tenant is not deprived of the use of the parking spaces to which Tenant is entitled pursuant to the Parking Ratio. Landlord does not assume any responsibility for, and shall not be liable for, any damage, loss or theft (of any nature whatsoever) to or of any automobiles or other vehicles, or any contents or other personal property located therein, while in or about the Parking Garage. Tenant shall make all payments of the monthly parking fee associated with the parking spaces licensed hereunder directly to the operator of the Parking Garage at such time, place, and manner as the operator of the Parking Garage may reasonably require. In no event may Tenant assign its rights hereunder with respect to the use of the parking spaces to any third party except with respect to a permitted Transfer in accordance with Section 17 above.
Parking Garage. Subject to the terms and conditions contained in this Section 58 and elsewhere in this Lease, commencing on the Commencement Date, Tenant shall have a license to use, throughout the Term, as the same may be extended, up to 0.80 parking spaces per 1,000 rentable square feet leased by Tenant hereunder (the “Parking Ratio”), in the Parking Garage, which Landlord and Tenant acknowledge and agree shall mean up to fourteen (14) parking spaces on the Commencement Date. Tenant may increase or decrease the number of parking spaces licensed by Tenant hereunder (subject to the Parking Ratio) at any time upon at least sixty (60) days’ prior written notice to Landlord. All parking spaces licensed by Tenant hereunder shall be at the then Current market rate for the Center Plaza Parking Garage (the “Parking Garage”), which market rate is currently (a) $525.00 per space per month for unreserved spaces and (2) $620.00 per space per month for reserved spaces. Tenant acknowledges and agrees that the operator of the Parking Garage may rearrange the configuration of any parking spaces, and otherwise change or alter the Parking Garage in any manner whatsoever, so long as Tenant is not deprived of the use of the parking spaces to which Tenant is entitled pursuant to the Parking Ratio. Landlord does not assume any responsibility for, and shall not be liable for, any damage, loss or theft (of any nature whatsoever) to or of any automobiles or other vehicles, or any contents or other personal property located therein, while in or about the Parking Garage. Tenant shall make all payments of the monthly parking fee associated with the parking spaces licensed hereunder directly to the operator of the Parking Garage at such time, place, and manner as the operator of the Parking Garage may reasonably require. In no event may Tenant assign its rights hereunder with respect to the use of the parking spaces to any third party except with respect to a permitted Transfer in accordance with Section 17 above.
Parking Garage. Prior to the Lease Conversion Date, District will enter into a lease with Developer whereby District will sublease the parking levels of the Sublease Project (the “Parking Garage”) from Developer for a period of ten years from the Lease Conversion Date (the “Garage Sublease”). During the term of the Garage Sublease, District will pay “Garage Rent” to Developer in the amount of $1,250,000 for each year of the term of the Garage Sublease. District will be entitled to a portion of the revenues from the Parking Garage during the term of the Garage Sublease, pursuant to the express terms of the Garage Sublease.
Parking Garage. The construction and use of the Parking Garage shall not interfere with any of the residents or tenants of the Developer and shall provide for ingress and egress onto dedicated public streets as part of the Project. All costs of the design, plans, specifications, construction and maintenance shall be borne by the CRA, except the Developer shall contribute the cost it would otherwise spend to build surface parking in the location of the Parking Garage. Such payment shall be due and payable to the CRA upon completion of the Parking Garage.
