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Contract analysis / dormancy-status-memo-and-client-email.eml
dormancy-status-memo-and-client-email.eml
High · 0
Medium · 1
Standard · 0
1. Receipt by MCB of revised civil engineering drawings from Stonebridge, approved by the
1. Receipt by MCB of revised civil engineering drawings from Stonebridge, approved by the Township of Cranbury Planning Board, confirming the final configuration of Building 4;
2. MCB's positive reassessment of operational viability of the facility under the revised
2. MCB's positive reassessment of operational viability of the facility under the revised configuration (specifically, whether dock count, trailer parking, and clear heights meet MCB's minimum requirements); and
3. Agreement in principle between the parties on renegotiated key economic terms (rent, TI
Medium
⚑ Forum / governing law
3. Agreement in principle between the parties on renegotiated key economic terms (rent, TI allowance, landlord's work scope) reflecting the actual deliverable square footage and building configuration. As a timing note, MCB's existing Edison distribution center lease does not expire until **February 2024**, which provides a reasonable window for this matter to be resolved without disrupting MCB's operations. That sai