Parking Covenant Sample Clauses

Parking Covenant. Tenant acknowledges that the Project, and Tenant’s use of the parking, is subject to that certain Parking Covenant and Agreement dated October 22, 2013 and recorded on October 22, 2013, as series number 2013148761 in the Official Records of the County of San Mateo (as the same may be amended, the “Parking Covenant”), which provides, among other things, that (i) two hundred and ninety (290) parking spaces in the parking facilities be made available for public use on weekday nights and weekends, including up to four (4) hours of free parking on weekday nights and weekends for patrons of the cinema located in the general area surrounding the Project via a sticker or other validation system (including a transponder system) and (ii) the general public shall be entitled to park their vehicles in the Project parking facilities during the hours of 5:00 P.M. through 10:00 P.M. on weekdays, and all day on holidays and weekends (as further defined in the Parking Covenant). In connection with the foregoing, Landlord shall, at its sole cost and expense, install and implement access control measures (including, without limitation, one or more roll-down doors or roll-across gates to secure the parking facilities from vehicle and pedestrian access during hours when public parking is not permitted) and otherwise segregate the areas designated for public use in the Project parking facilities from the areas designated for use by tenants of the Project. Landlord will not permit use of the Project parking facility by the public, except as required by the Parking Covenant. Furthermore, subject to the requirements of Applicable Law, City requirements, and the Underlying Documents, Landlord shall use commercially reasonable efforts to reach an agreement with the City to amend the Parking Covenant in order to minimize material public interference with Tenant’s rights set forth in this Lease pertaining to the Project parking facilities, including, to the extent not already permitted under the Parking Covenant, approval to cause between three hundred (300) and five hundred (500) parking stalls in the Project parking facility to be designated for Tenant’s exclusive use and accessible only through a separate controlled access gate. The parties acknowledge that Landlord’s amendment to the Parking Covenant shall also include an extension of the public parking hours until 11:00 P.M. on weekdays, and that this amendment shall not be deemed prohibited by the terms of this Section 28.2.

Get the Official Word Add-in

Parking Covenant. Borrower shall use Commercially Reasonable Efforts to cause to be terminated and removed of record, no later than the Substantial Completion Due Date, that certain

Parking Covenant. Borrower shall use Commercially Reasonable Efforts to cause to be terminated and removed of record, no later than the Substantial Completion Due Date, that certain Covenant and Agreement Regarding Maintenance of Off-Street Parking Space, dated September 26, 1969 and recorded in the Official Records of Los Angeles County, California on October 6, 1969 as document number 2214. 5.1.3

Related to Parking Covenant

• Operating Covenants The Issuer covenants with the Indenture Trustee as follows, provided that any of the following covenants with respect to the Portfolio Railcars shall not be deemed to have been breached by virtue of any act or omission of a Lessee or sub-lessee, or of any Person which has possession of a Portfolio Railcar for the purpose of repairs, maintenance, modification or storage, or by virtue of any requisition, seizure, or confiscation of a Portfolio Railcar (other than seizure or confiscation arising from a breach by the Issuer of such covenant) (each, a “Third Party Event”), so long as (i) none of the Issuer, the Servicer or the Administrator has consented to such Third Party Event; and (ii) the Issuer (or the Servicer on its behalf) as the Lessor of such Portfolio Railcar promptly and diligently takes such commercially reasonable actions as a leading railcar operating lessor would reasonably take in respect of such Third Party Event, including, as deemed appropriate (taking into account, among other things, the laws of the jurisdiction in which such Portfolio Railcar is located or operated), seeking to compel such Lessee or other relevant Person to remedy such Third Party Event or seeking to repossess the relevant Portfolio Railcar:
• TENANT COVENANTS The Tenant covenants during the Term and for such further time as the Tenant occupies any part of the Premises:
• Landlord’s Covenant Upon payment by the Tenant of the rents and other charges herein provided, and upon the observance and performance of all the covenants, terms and conditions on Tenant’s part to be observed and performed, Tenant shall peaceably and quietly hold and enjoy the Premises for the term hereby demised without hindrance or interruption by Landlord or any other person or persons lawfully or equitably claiming by, through or under the Landlord, subject, nevertheless, to the terms and conditions of this Lease.
• LANDLORD'S COVENANTS The Landlord covenants with the Tenant:
• Interim Operating Covenants Seller covenants to Purchaser that Seller will:
• Interim Covenants During the period from the date of this Agreement and continuing until the Closing, the Seller and the Stockholders each agree (except as expressly contemplated by this Agreement or to the extent that Buyer shall otherwise consents in writing) that:
• COMPLIANCE WITH COVENANTS, RESTRICTIONS AND BUILDING CODE Lessor warrants that any improvements (other than those constructed by Lessee or at Lessee's direction) on or in the Premises which have been constructed or installed by Lessor or with Lessor's consent or at Lessor's direction shall comply with all applicable covenants or restrictions of record and applicable building codes, regulations and ordinances in effect on the Commencement Date. Lessor further warrants to Lessee that Lessor has no knowledge of any claim having been made by any governmental agency that a violation or violations of applicable building codes, regulations, or ordinances exist with regard to the Premises as of the Commencement Date. Said warranties shall not apply to any Alterations or Utility Installations (defined in Paragraph 7.3(a)) made or to be made by Lessee. If the Premises do not comply with said warranties, Lessor shall, except as otherwise provided in this Lease, promptly after receipt of written notice from Lessee given within six (6) months following the Commencement Date and setting forth with specificity the nature and extent of such non-compliance, take such action, at Lessor's expense, as may be reasonable or appropriate to rectify the non-compliance. Lessor makes no warranty that the Permitted Use in Paragraph 1.8 is permitted for the Premises under Applicable Laws (as defined in Paragraph 2.4).
• Continuing Covenants Each Party agrees (i) not to take any action reasonably expected to result in a new or changed Tax Item that is detrimental to any other Party and (ii) to take any action reasonably requested by any other Party that would reasonably be expected to result in a new or changed Tax Item that produces a benefit or avoids a detriment to such other Party; provided that such action does not result in any additional cost not fully compensated for by the requesting Party. The Parties hereby acknowledge that the preceding sentence is not intended to limit, and therefore shall not apply to, the rights of the Parties with respect to matters otherwise covered by this Agreement.
• Specific Covenants The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.11 or 6.12 or Article VII; or
• TENANT'S COVENANTS The Tenant covenants with the Landlord: