Parcel 150, Charlestown Navy Yard Lease Commencement Agreement Summary
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D. Lessee acknowledges Design Review Procedures will encompass BRA approval of both exterior and interior buildings design.
Lessor's fee interest in the Property will not be subordinated. Lessor's Base Rent will not be subordinated.
Percentage Rent will not be subordinated. In the event of a foreclosure, the Lessor may defer Percentage Rent for a period of time sufficient to allow lender to cure.
Any initial permanent financing may not exceed certified total project costs.
CNY2/02.RPT 062888 Di...gitized by the Internet Archive in 2010 with funding from Boston Public Library http://www.archive.org/details/parcel150charles00bost REFINANCING: SALE: ALIENATION: ESTOPPEL CERTIFICATE: CONSTRUCTION OF IMPROVEMENTS: BOOKS AND RECORDS AFFIRMATIVE ACTION: REAL ESTATE TAXES: LIABILITY: Lessor will receive as Additional Rent 1 5% of net refinancing proceeds upon refinancing.
Lessor will receive as Additional Rent 1 5% of net sales proceeds upon sale.
Lessee may not dispose of its interest in the project for five years after issuance of a final certificate of occupancy.
What to read after Parcel 150, Charlestown Navy Yard Lease Commencement Agreement Summary?
You can find similar books in the "Read Also" column, or choose other free books by Boston Redevelopment Authority to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
D. Lessee acknowledges Design Review Procedures will encompass BRA approval of both exterior and interior buildings design.
Lessor's fee interest in the Property will not be subordinated. Lessor's Base Rent will not be subordinated.
Percentage Rent will not be subordinated. In the event of a foreclosure, the Lessor may defer Percentage Rent for a period of time sufficient to allow lender to cure.
Any initial permanent financing may not exceed certified total project costs.
CNY2/02.RPT 062888 Di...gitized by the Internet Archive in 2010 with funding from Boston Public Library http://www.archive.org/details/parcel150charles00bost REFINANCING: SALE: ALIENATION: ESTOPPEL CERTIFICATE: CONSTRUCTION OF IMPROVEMENTS: BOOKS AND RECORDS AFFIRMATIVE ACTION: REAL ESTATE TAXES: LIABILITY: Lessor will receive as Additional Rent 1 5% of net refinancing proceeds upon refinancing.
Lessor will receive as Additional Rent 1 5% of net sales proceeds upon sale.
Lessee may not dispose of its interest in the project for five years after issuance of a final certificate of occupancy.
What to read after Parcel 150, Charlestown Navy Yard Lease Commencement Agreement Summary?
You can find similar books in the "Read Also" column, or choose other free books by Boston Redevelopment Authority to read onlineMoreLess
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