Parking Structure Clause Samples
The Parking Structure clause defines the terms and conditions related to the use, maintenance, and access to parking facilities associated with a property or development. It typically outlines who is permitted to use the parking structure, any fees or restrictions that apply, and the responsibilities for upkeep and repairs. For example, it may specify whether parking spaces are assigned or available on a first-come, first-served basis, and detail any security measures in place. The core function of this clause is to ensure clear expectations and responsibilities regarding parking, thereby preventing disputes and facilitating smooth operation of the parking facilities.
Parking Structure. The parking structure (Phase I) located on ▇▇▇▇▇ ▇▇▇ (attached as Exhibit “C”), containing approximately 407 parking spaces.
Parking Structure. A parking structure (the “Parking Structure”) constructed on Block 27 provides parking for ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇, ▇▇▇▇▇ 27 and Block 26 (the owners of said Blocks are collectively referred to as the “Block 26/27 Owners”). The respective rights and obligations of each of the Block 26/27 Owners with respect to the use, operation and maintenance of the Parking Structure are set forth in that certain Easement Agreement dated as of December 14, 2007 and recorded in the Official Records on December 14, 2007 as Instrument No. 2007I502747, as amended (the “Parking Structure Easement Agreement”).
Parking Structure. (a) Tenant shall have the obligation to construct a parking structure within two (2) years of the date hereof (such end date being the “Outside Completion Date”) in accordance with the terms of this Section 7.4 (the “Parking Structure”). All contracts and budgets for the design and construction of the Parking Structure shall be entered into by Tenant (and shall be subject to Landlord’s approval) but the Parking Structure, when constructed, shall be the sole property of Landlord and shall be a part of the Premises (and as such shall, during the Term, be reserved solely for the use of Tenant and Tenant’s employees and visitors). Costs for construction of the Parking Structure will be paid by draws from sums held by Mortgagee in a reserve account established on the date hereof (the “Parking Structure Reserve”). No construction shall commence until Landlord has reviewed and approved the plans and specifications for the Parking Structure and reviewed and approved evidence that Tenant has obtained (at its cost and expense) all required building and zoning approvals. All draws from such escrow shall be made in a manner consistent with the procedures and requirements as set forth on Exhibit K. Notwithstanding the right of Landlord to approve the plans for the Parking Structure, it will be deemed to be unreasonable for the Landlord or Mortgagee to require that Tenant construct a Parking Structure that (i) is estimated to cost more than the amount of Parking Structure Reserve account to design, permit, and construct, or (ii) which creates more parking spaces than Tenant requires (Tenant currently estimates its requirement to be approximately one hundred eighty (180) additional spaces) provided that such number satisfies all applicable Legal Requirements. To the extent Tenant is unable to build the Parking Structure within the Outside Completion Date, Landlord may use funds in the Parking Structure Reserve to complete the Parking Structure, provided, however, Landlord shall be under no obligation to complete the Parking Structure upon Tenant’s failure to do so. To the extent the funds in the Parking Structure Reserve are insufficient to pay for the completion of the Parking Structure (whether by Tenant or Landlord), Tenant shall nonetheless be obligated to complete the Parking Structure at its cost and expense and if Landlord uses its own funds to complete the Parking Structure, Tenant shall be obligated to reimburse Landlord for any costs incurred by Landlord to com...
Parking Structure. (a) Design. Following the effective date of this Agreement and prior to the Project Commencement Closing, the Developer shall prepare detailed plans and specifications for the Parking Structure for review and approval of the City and the CDA. The program for the Parking Structure shall include a Bike Center consistent with criteria established in the Request for Proposals for Judge ▇▇▇▇▇ Square issued by the City (the “Bike Center”).
Parking Structure. If a portion of the Parking Structure and/or ------------------ reasonable access thereto is taken and, thereafter, a substantial portion of Tenant's parking rights under this Lease are terminated, unless Landlord can provide permanent replacement parking for Tenant's terminated rights within the area bounded by Victory Boulevard, Canoga Avenue, Oxnard Street, and Topanga Canyon Boulevard, Tenant shall have the right to terminate this Lease upon ninety (90) days' prior written notice to Landlord (provided such notice is -6▇- ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ CENTER VENTURE, LLC [20th Century Industries; 6303 Owensmouth] given no later than ninety (90) days after receipt of notice from Landlord that it cannot provide such permanent replacement parking), or to delete such full floors of the Building from the Premises as appropriate in Tenant's reasonable judgment to compensate for the consequent loss of parking. If Tenant elects to delete such full floors from the Premises, then all obligations measured by the number of rentable square feet of the Premises (such as Rent, the number of Tenant's parking passes, and Tenant's Share) shall be adjusted accordingly. Notwithstanding the foregoing, Tenant's right to reduce the size of the Premises to compensate for the consequent loss of parking, as aforesaid, shall be limited to one thousand (1,000) rentable square feet of the Premises for every three and thirty-nine one-hundredths (3.39) parking privileges (as such ratio may be adjusted pursuant to Section 9 of the Summary) lost as a result of a partial Taking of the Parking Structure or reasonable access thereto. Moreover, if such reduction would result in a portion of the Premises consisting of a partial floor of the Building, such partial floor shall be rounded-off either up or down (whichever is closest) to a full floor and Tenant shall only be entitled to delete full floors.
Parking Structure. Section 23.3 Premises................................................Section 1.1
Parking Structure. Section 23.3
Parking Structure. The existing parking structure of the Project in the location depicted on the Site Plan. The Parking Structure and the Buildings are sometimes hereinafter referred to collectively as the “Project Structures.”
Parking Structure. Provide and coordinate design and construction administration services required to implement one security systems camera at the parking structure.
Parking Structure. Bid Package
(a) Constructing a four-level parking structure which will accommodate an estimated 1,500 parking spaces. Actual parking structure configuration and layout will be established during the design phase, and it will be similar in nature to the layout prepared by ▇▇▇▇ ▇▇▇▇▇ Airport Planners during the prior planning phase of this project.
(b) Furnishing and installing exterior architecture of the Parking Structure shall match the exterior architecture of JWA's existing Parking Structure C. Integral color pre-cast concrete panels shall cover all three sides of the Parking Structure while allowing natural ventilation.
(c) Furnishing and installing Closed Circuit Television (CCTV) cameras for surveillance.
(d) Fire detection, enunciation and suppression system.
(e) Lights and associated control systems.
(f) Emergency telephones for public safety.
(g) Signage, striping and marking.
(h) Connectivity between New Parking Structure C Phase 2 and Existing Parking Structure C Phase I.
(i) Floor drain and required plumbing.
(j) Building environmental control and ventilation as required.
(k) Valet parking entrance to Airport Way.
(l) Valet office/break room option