Parking Easement definition

Parking Easement means that certain Amended and Restated Parking Easement Agreement by and between Tower Borrower and Easement Grantor, dated March 28, 2006, as the same may hereafter be modified, amended, supplemented or restated in accordance with the provisions of this Agreement.

Parking Easement means the Access and Parking Easement Agreement to be entered into by and between the City and Owner as a condition of this Agreement to provide the City access to and use of 55 parking spaces on the Property in perpetuity. The Parking Easement shall be in form attached hereto as Exhibit “C” and incorporated herein by this reference.

Parking Easement has the meaning set forth in Section 24.1.

Examples of Parking Easement in a sentence

• Nothing contained in this Agreement shall be deemed to be a gift or dedication of any portion of the Access and Parking Facilities to the general public, it being this intention of the parties that the Access and Parking Easement be limited to the purposes expressed in this Agreement.

• Developer acknowledges that the Parking Easement Improvements and Terrace Improvements constructed by Developer on the City Property shall be solely the property of City, and neither such improvements nor the Easement Areas or any other portion of the City Property shall be encumbered or pledged by Developer as security for any Developer financing.

• The Access and Parking Easement granted herein is and shall be deemed to be a covenant running with the land and shall be binding upon the parties hereto and upon their successors and assigns until the expiration of the Easement Term.

• The Purchase Price for the Sale Property and the Access and Parking Easement shall be paid by the City to the Developer at Closing in cash or certified funds or by wire transfer.

• In addition, as part of the Phase 2 Closing, the Redeveloper shall convey to the Town the Wentworth Parcel Parking Easement substantially in the form attached hereto as Exhibit G.

More Definitions of Parking Easement

Parking Easement means an easement to use one hundred fifty (150) valet parking spaces on the Development Parcel, benefiting the Property which shall be incorporated into the Covenant and Easement Agreement or the Master Declaration Amendment, as appropriate.

Parking Easement has the meaning set forth in Section 6.3.

Parking Easement means the Parking Easement to be entered into between the Developer and the City including the terms set forth in Section 4.02.

Parking Easement means an easement provided to RQAW and Developer that includes the following minimum terms, among others: (a) the right to exclusively use the Garage Spaces from 7:00 a.m. to 5:30 p.m. Monday through Friday; (b) that the easement is perpetual and non- revocable; (c) that the easement runs with the Office Site; (d) that there is no charge to Developer or RQAW for the use, operation, maintenance, or insurance coverage of the Garage Spaces, except that, if taxes are assessed on the Garage, Developer and/or RQAW shall be responsible for its proportionate share (based on the Garage Spaces compared to the total number of spaces in the Garage (100/total number of spaces)) of such taxes; (e) the requirement that City provide one hundred (100) replacement parking spaces if the Garage becomes obsolete, or is destroyed or condemned which spaces shall be located within the vicinity of the Office Building and reasonably acceptable to a commercial office tenant; and (f) the Power of Termination. Permitted Exception means (a) real estate taxes for the year of closing and thereafter;

Parking Easement means a perpetual, appurtenant easement over all or a portion of the Adjacent Parcel for the use of all of the current parking spaces located thereon.

Parking Easement means that certain easement for vehicular parking to be granted in the Parking Easement Agreement.

Parking Easement. 1: A parking easement on the area shown as "Parking Easement #1" on a plan recorded with Middlesex South District Registry of Deeds on September 4, 1987 as Plan No. 1233 of 1987 in Book 18519, Page 105, which easement is located within Lot 3 as shown on said plan. Said easement shall be for the sole purpose of parking registered motor vehicles. Subtenant shall maintain the area shown as "Parking Easement #1" in a safe and clean condition. Said "Parking Easement #1" is bounded and described as follows: NORTHWESTERLY by Lot 3, 167.66 feet; NORTHWESTERLY by Lot 3, 17.00 feet; SOUTHEASTERLY by Lot I, 166.00 feet; SOUTHWESTERLY and by land now or formerly of Boston & Maine R.R., 17.08 feet. Said easement right is subject to the limitations, restrictions and conditions as contained in deed from Xxxxxx Xxxx and Xxxxx X. Xxxxxxxxx, Trustees, TASC Realty Trust, to the Town of Reading recorded with said Registry in Book 17792, page 225. ACCESS AND UTILITY Easement #1: An access and utility easement, in common with others, for the purpose of pedestrian and vehicular access to and from Xxxx Street and for underground utility connections in that area shown as "Access & Utility Easement #1" on the above referenced plan. Subtenant shall maintain the easement areas in a safe and clean condition. Utilities shall be underground only. Any excavation for the installation, inspection, replacement and maintenance of utilities by Subtenant shall be done expeditiously and so as not to interfere with the rights of others over the easement area. No parking shall be allowed in the easement area, excepting that portion contained in "Parking Easement #3". Said easement area is bounded and described as follows: NORTHEASTERLY by Lot II, 129.53 feet; SOUTHWESTERLY by Lot II, 4.00 feet; SOUTHEASTERLY by Lot II, 213.63 feet; SOUTHERLY by Lot I, 52.33 feet; SOUTHEASTERLY by Lot I, 156.63 feet; SOUTHERLY by Lot I, 24.75 feet; SOUTHEASTERLY by Lot I, 132.55 feet; and NORTHEASTERLY by Xxxx Street, 47.67 feet. The premises are subject to the following easement rights, as shown on the above-referenced plan: