Common use of ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Block 26 Courtyard, and Block 26 Service Yard Clause in Contracts

▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Block 26 Courtyard, and Block 26 Service Yard. Buyer shall be solely responsible after the Closing Date for completing the improvements within the ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ along the southern boundary of the 1455 Parcel and along the northern boundary of the 1515 Parcel, in accordance with the previously approved plans for such improvements and in conformity with the improvements previously developed within the ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ along the southern boundary of the Open Space Parcel and along the northern boundary of the Garage Site, provided that Buyer shall have a license, on terms and conditions reasonably acceptable to Buyer and Seller, to enter such portions of the ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ as may be reasonably necessary to complete such improvements. Buyer shall be solely responsible for completing the improvements within the Block 26 Courtyard, provided that Buyer shall have a license, on terms and conditions reasonably acceptable to Buyer and Seller, to enter such portions of the Block 26 Courtyard within the 455 MBBS Parcel as may be reasonably necessary to complete such improvements. Buyer and Seller shall enter into reciprocal easement agreements, on terms and conditions reasonably acceptable to Buyer and Seller, pursuant to which Seller (and Seller’s successors and assigns with respect to the 455 MBBS Parcel) ) is given the right to use the portions of the Block 26 Courtyard within the 1455 Parcel and Buyer (and Buyer’s successors and assigns with respect to the 1455 Parcel) is given the right to use the portions of the Block 26 Courtyard within the 455 MBBS Parcel. Seller has previously completed all improvements within the Block 26 Service Yard that are not driven specifically by the 1455 Improvements. Buyer shall be solely responsible for completing all improvements within the Block 26 Service Yard that are driven specifically by the improvements Buyer develops on the 1455 Parcel. Seller shall have a license, on terms and conditions reasonably acceptable to Buyer and Seller, (i) to use portions of the Block 26 Service Yard within the 1455 Parcel for construction trailers and construction staging areas in connection with Seller’s completion of the 455 MBBS Improvements, and (ii) to cross such portions of the 1455 Parcel and the 1515 Parcel as may be reasonably necessary to move the construction trailers off-site (eventually exiting the 1515 Parcel into South Street). Further, Buyer and Seller shall enter into reciprocal easement agreements, on terms and conditions reasonably acceptable to Buyer and Seller, pursuant to which Seller (and Seller’s successors and assigns with respect to the 455 MBBS Parcel) ) is given the right to use the portions of the Block 26 Service Yard within the 1455 Parcel and Buyer (and Buyer’s successors and assigns with respect to the 1455 Parcel) is given the right to use the portions of the Block 26 Service Yard within the 455 MBBS Parcel. *** Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.

Appears in 2 contracts

Sources: Agreement of Purchase and Sale (Salesforce Com Inc), Agreement of Purchase and Sale (Salesforce Com Inc)