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Section 1.24 Standard of Operation <br />The Standard at which Tenant is to operate the Facility. The Standard of Operation is <br />described in Section 6.1. <br />Section 1.25 Substantial Completion <br />The construction of the Improvements and the Collateral Improvements shall be <br />deemed Substantially Completed on the date upon which: <br />(a) they are sufficiently completed so that the Facility can be used as a conference <br />center in accordance with the Standard of Operation; and <br />(b) all governmental permits, authorizations, licenses, and certificates necessary to <br />occupy and utilize the Premises in accordance with clause (a) have been <br />issued. <br />Section 1.26 Tenant <br />San Francisco Bay Conference Resort, LLC, a California limited liability company, <br />or its permitted assigns. <br />Section 1.27 Tenant's Exclusive Areas <br />Those areas within the Facility that Tenant shall have the sole and exclusive right to <br />occupy, possess and use during the Term, including any portion of the Term when the <br />Facility is used for Landlord Events. Tenant's Exclusive Areas include, but are not limited <br />to, Tenant's business offices, certain conference rooms, and certain storage and maintenance <br />areas, all as shall be more particularly designated in the Plans and Specifications. <br />LEASE BETWEEN CITY OF SAN LEANDRO <br />AND SAN FRANCISCO BAY CONFERENCE RESORT PAGE 8 <br />2574001\313983.8 <br />