Sale of Retail Space Sample Clauses

Sale of Retail Space. Tenant shall not initiate proceedings to convert the Retail Space into condominium(s) without the express written approvalof the Agency. Tenant’s sale of its leasehold interest in the Retail Space, or any portion thereof, to a Person shall constitute a transfer within the meaning of Section 107 of the DDA, Section 11 of the Agency Loan Note, and Section 9.1 of this Lease (collectively, “Transfer”), and such Transfer is subject to the Agency’s written approval, in accordance with those respective sections. In the event that Agency approves such Transfer for the Retail Space on Broadway, and as a pre-condition to such Transfer after Agency approval, Tenant shall pay to Agency FIFTY-SEVEN DOLLARS ($57) per square foot of the Retail Space on Broadway. In the event that the Agency approves such transfer for the Retail Space on Ninth Avenue, and as a pre-condition to such Transfer after Agency approval,Tenant shall pay to the Agency the lump sum amount of NINETY PERCENT (90%) of the fair market value of the Retail Space on Ninth Avenue (“9th Avenue FMV”) after paying debt service to any Senior Lender for the Retail Space.”). Tenant and Agency shall meet to determine the 9th Avenue FMV. In the event the Tenant and Agency are unable to agree on the 9th Avenue FMV, the 9th Avenue FMV shall be determined in accordance with the appraisal procedures set forth in the paragraph directly, below.
Sample 1
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Sale of Retail Space. Tenant shall not initiate proceedings to convert the Retail Space into condominium(s) without the express written approval of the City. Tenant’s sale of its leasehold interest in the Retail Space, or any portion thereof, to a Person shall constitute a transfer within the meaning of Section 107 of the DDA, Section 11 of the City Loan Note, and Section 9.1 of this Lease (collectively, “Transfer”), and such Transfer is subject to the City’s written approval, in accordance with those respective sections.
Sample 1

Related to Sale of Retail Space

  • Commencement Date The Subcontractor shall be permitted to begin the Services on , 20 (“Commencement Date”).

  • Provisioning of High Frequency Spectrum and Splitter Space 3.2.1 BellSouth will provide <<customer_name>> with access to the High Frequency Spectrum as follows:

  • Service Commencement Date The date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Section 15.3 or Section 29.1 under the Tariff.

  • Definition of Building Where Lift Required 1.1 A passenger/materials lift shall be provided on a building which shall, when complete, consist of more than six (6) storey levels excluding the roof, parapets and basement levels (if any), but including the ground floor. (Refer to Sub Clause 2.1 herein.)

  • NASPO ValuePoint eMarket Center a. In July 2011, NASPO ValuePoint entered into a multi-year agreement with SciQuest, Inc. whereby SciQuest will provide certain electronic catalog hosting and management services to enable eligible NASPO ValuePoint’s customers to access a central online website to view and/or shop the goods and services available from existing NASPO ValuePoint Cooperative Contracts. The central online website is referred to as the NASPO ValuePoint eMarket Center.

  • LEASE TYPE This Agreement shall be considered a: (check one) ☐ - Fixed Lease. The Tenant shall be allowed to occupy the Premises starting on , 20 and end on , 20 (“Lease Term”). At the end of the Lease Term and no renewal is made, the Tenant: (check one) ☐ - May continue to lease the Premises under the same terms of this Agreement under a month-to-month arrangement. ☐ - Must vacate the Premises.

  • Initial Lease Term The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

  • Lease Period The lease period of the Finance Lease Agreement I is 36 months, which commenced on October 28, 2022. The lease period of the Finance Lease Agreement II is 36 months, which shall commence on July 31, 2023.

  • Provisioning of Line Sharing and Splitter Space 3.2.1 BellSouth will provide ONS with access to the High Frequency Spectrum as follows:

  • PRINCIPAL BUILDING AGREEMENT DEFINITIONS Definitions and interpretation (Clause 1). 1 F: ……….… V: ….……… T: ….……... Item

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