Grouped Into 37 Collections of Similar Clauses From Business Contracts
This page contains Parking clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Parking. Subject to all Legal Requirements, Force Majeure, a Taking (as defined in Section 19 below) and the exercise by Landlord of its rights hereunder, Tenant shall have the right, in common with other tenants of the Project pro rata in accordance with the rentable area of the Premises and the rentable areas of the Project occupied by such other tenants, to park in those areas designated for non-reserved parking, subject in each case to Landlord's rules and regulations. Landlord may allocate parking s...paces among Tenant and other tenants in the Project pro rata as described above if Landlord determines that such parking facilities are becoming crowded. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties, including other tenants of the Project.View More
Parking. Subject to all applicable Legal Requirements, Force Majeure, a Taking (as defined in Section 19 below) and the exercise by Landlord of its rights hereunder, Tenant shall have the right, right commencing on the Commencement Date, at no additional cost to Tenant during the Base Term, in common with other tenants of the Project pro rata in accordance with the rentable area of the Premises and the rentable areas of the Project occupied by such other tenants, to park in those areas designated for non...-reserved parking, subject in each case to Landlord's rules and regulations. As of the Commencement Date, Tenant's pro rata share of parking is equal to 3.2 parking spaces per 1,000 rentable square feet of the Premises. Landlord may allocate parking spaces among Tenant and other tenants in the Project pro rata as described above if Landlord determines that such parking facilities are becoming crowded. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties, including other tenants of the Project. View More
Parking. Subject to all applicable Legal Requirements, Force Majeure, a Taking (as defined in Section 19 below) and the exercise by Landlord of its rights hereunder, Tenant shall have the right, right in common with other tenants of the Project pro rata in accordance with the to use 2.5 parking spaces per 1,000 rentable area square feet of the Premises Premises, which parking spaces shall be located in those areas of the subterranean parking garage located under the Building and the rentable surface park...ing areas of the Project occupied by such other tenants, to park in those areas designated for non-reserved parking, subject in each case to Landlord's rules and regulations. Landlord may allocate parking spaces among Tenant and other tenants in the Project pro rata as described above if Landlord determines that such parking facilities are becoming crowded. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties, including other tenants of the Project. View More
Parking. Subject to all applicable Legal Requirements, Force Majeure, a Taking (as defined in Section 19 below) and the exercise by Landlord of its rights hereunder, Tenant shall have the right, in common with other tenants of the Project pro rata in accordance with the rentable area of the Premises and the rentable areas of the Project occupied by such other tenants, to park in those areas designated for non-reserved parking, subject in each case to Landlord's rules and regulations. Landlord may allocat...e parking spaces among Tenant and other tenants in the Project pro rata as described above if Landlord determines that such parking facilities are becoming crowded. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties, including other tenants of the Project. If applicable to the Project, Tenant shall comply with the requirements of any TDMP (as defined below) which may be required by the City of San Carlos or other Governmental Authority with respect to the parking areas at the Project which are binding on tenants in the Project or tenants using the parking lots or structures available at the Project. A copy of any TDMP in effect from time to time during the Term shall be made available to Tenant. Notwithstanding anything to the contrary contained in this Lease, if applicable to the Project, Tenant shall be required to comply with the requirements of (and Operating Expenses shall expressly include any costs incurred by Landlord to comply with) any transportation demand management plan ("TDMP") and any other permit conditions (e.g. rider sharing and carpooling initiatives) imposed by the City of San Carlos or other Governmental Authority. View More
Parking. Effective as of the Expansion Commencement Date and continuing throughout the Expansion Space Term, Tenant shall rent from Landlord, [***] unreserved parking passes for use in the 26632 Building's parking facility, free of charge throughout the Expansion Space Term. Tenant's rental and use of such additional parking passes shall be in accordance with, and subject to, all provisions of Section 23 of the Original Lease.
Parking. Effective as of the Expansion Commencement Date and continuing throughout the Expansion Space Term, Tenant shall rent from Landlord, [***] fourteen (14) unreserved parking passes for the Suite 300 Portion and nine (9) unreserved parking passes for the Suite 305 Portion, for a total of twenty-three (23) additional unreserved parking passes for use in the 26632 26672 Building's parking facility, free of charge throughout the Expansion Space Term. Tenant's rental and use of such additional parking ...passes shall be in accordance with, and subject to, all provisions of Section 23 of the Original Lease. View More
Parking. During the term of this Lease, Tenant shall have the non-exclusive use in common with Landlord, other tenants of the Building, their guests and invitees, of the non-reserved common automobile parking areas, driveways, and footways, subject to rules and regulations for the use thereof as prescribed from time to time by Landlord. Landlord reserves the right to designate parking areas within the Building or in reasonable proximity thereto, for Tenant and Tenant's agents and employees. Tenant shall ...provide Landlord with a list of all license numbers for the cars owned by Tenant, its agents and employees. Separated structured parking, if any, located about the Building is reserved for tenants of the Building who rent such parking spaces. Tenant hereby leases from Landlord 50 spaces in such structural parking area, such spaces to be on a first come-first served basis.View More
Parking. During the term of this Lease, Tenant shall have the non-exclusive use in common with Landlord, other tenants of the Building, their guests and invitees, of the non-reserved common automobile parking areas, driveways, and footways, subject to rules and regulations for the use thereof as prescribed from time to time by Landlord. Landlord reserves the right to designate parking areas within the Building or in reasonable proximity thereto, for Tenant and Tenant's agents and employees. Tenant shall ...provide Landlord with a list of all license numbers for the cars owned by Tenant, its agents and employees. Separated structured parking, if any, located about the Building is reserved for tenants of the Building who rent such parking spaces. Tenant hereby leases from Landlord 50 spaces in such structural parking area, such spaces to be on a first come-first served basis.View More
Parking. During the term of this Lease, Tenant shall have the non-exclusive use in common with Landlord, other tenants of the Building, their guests and invitees, of the non-reserved common automobile parking areas, driveways, and footways, subject to rules and regulations for the use thereof as prescribed from time to time by Landlord. Landlord reserves the right to designate parking areas within the Building Project or in reasonable proximity thereto, for Tenant and Tenant's agents and employees. Tenan...t shall provide Landlord with a list of all license numbers for the cars owned by Tenant, its agents and employees. Separated In the event that Tenant, its agents and employees, park on portions of the Common Area other than those assigned to Tenant, Landlord reserves the right to charge Tenant an additional rental hereunder of Ten Dollars ($10.00) for each such occurrence. All structured parking, if any, parking located about within the Building Project is reserved for tenants of the Building Project who rent such parking spaces. Tenant hereby leases from Landlord 50 forty (40) spaces in such structural parking area, such spaces to be on a first come-first served basis. View More
Parking. During the term of this Lease, Tenant shall have the non-exclusive use in common with Landlord, other tenants of the Building, their guests and invitees, of the non-reserved common automobile parking areas, driveways, and footways, subject to rules and regulations for the use thereof as prescribed from time to time by Landlord. Landlord reserves the right to designate parking areas within the Building or in reasonable proximity thereto, for Tenant and Tenant's agents and employees. Tenant shall ...provide Landlord with a list of all license numbers for the cars owned by Tenant, its agents and employees. Separated structured parking, employees if any, located about requested by the Building is reserved for tenants of the Building who rent such parking spaces. Tenant hereby leases from Landlord 50 spaces in such structural parking area, such spaces to be on a first come-first served basis. Landlord. View More
Parking. Tenant shall be entitled to park in common with other tenants of the Project in those areas designated for nonreserved parking. Landlord may allocate parking spaces among Tenant and other tenants in the Project if Landlord reasonably determines that such parking facilities are becoming crowded. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties.
Parking. Tenant shall be entitled to park in those areas as designated on Exhibit A and shall be entitled to park in common with other tenants of the Project in those areas designated for nonreserved parking. Landlord may allocate parking spaces among Tenant and other tenants in the Project if Landlord reasonably determines that such parking facilities are becoming crowded. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties. parties, but shall reasonably coo...perate with Tenant in carrying out such enforcement. View More
Parking. At no charge to Tenant, Tenant shall be entitled to park in common with other tenants of the Project in those areas designated for nonreserved non-reserved parking. Landlord may allocate parking spaces among Tenant and other tenants in the Project if Landlord reasonably determines that such parking facilities are becoming crowded. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties. In no event shall Tenant be entitled to less than Tenant's Proportio...nate Share of parking spaces, which shall remain 35 spaces unless the Lease is amended to reduce the size of the Premises. View More
Parking. Tenant shall be entitled to park in common with other tenants of the Project in those areas designated for nonreserved parking. Landlord may allocate parking spaces among Tenant and other tenants in the Project if Landlord reasonably determines that such parking facilities are becoming crowded. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties. Notwithstanding the foregoing, Tenant will have the right to use at least 4 parking spaces for every 1,00...0 rentable square feet within the Premises at no cost throughout the Term of the Lease. View More
Parking. Tenant shall have the exclusive right, free of charge, to park its vehicles in all of the areas designated for parking on Exhibit A (collectively, the "Parking Area"), subject to Tenant's obligation to comply with all Legal Requirements, the terms of this Lease and all reasonable rules and regulations which are prescribed from time to time by Landlord. Fourteen (14) charging stations shall be available for Tenant's exclusive use within the Parking Area, and five (5) parking stalls in front of th...e Building may be specifically designated exclusively for Tenant's visitors' use. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties. All motor vehicles (including all contents thereof) shall be parked in the Project's parking areas at the sole risk of Tenant, it being expressly agreed and understood Landlord has no duty to insure any of said motor vehicles (including the contents thereof), and Landlord is not responsible for the protection and security of such vehicles. Such customers and invitees shall be entitled to park on the Project while visiting or attending meetings at the Premises, so long as no overnight parking by these customers or invitees is allowed. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS LEASE, LANDLORD SHALL HAVE NO LIABILITY WHATSOEVER FOR ANY PROPERTY DAMAGE OR LOSS WHICH MIGHT OCCUR ON THE PARKING AREAS OR AS A RESULT OF OR IN CONNECTION WITH THE PARKING OF MOTOR VEHICLES IN ANY OF THE PARKING SPACES. Landlord acknowledges and agrees that Tenant my convert parking spaces to locations for Tenant's Bloom Boxes, subject to compliance with Legal Requirements.View More
Parking. Tenant shall have the exclusive right, free of charge, be entitled to park its vehicles in all of within the areas designated designed for parking on Exhibit A (collectively, the "Parking Area"), attached hereto (at a ratio of not less than [***] stalls/1,000 RSF), subject to Tenant's obligation to comply with all applicable Legal Requirements, the terms of this Lease and all reasonable the rules and regulations which are prescribed regulations. If Tenant informs Landlord that third parties are,... on a regular basis, occupying parking spaces so as to prevent Tenant from time utilizing its allotted number of parking spaces, then, subject to time by Landlord. Fourteen (14) charging stations shall be available for Tenant's exclusive use within the Parking Area, and five (5) parking stalls in front of the Building may be specifically designated exclusively for Tenant's visitors' use. compliance with Legal Requirements, Landlord shall not be responsible for enforcing use commercially reasonable efforts to enforce Tenant's parking rights against any third parties. with reasonable diligence after written notice from Tenant. All motor vehicles (including all contents thereof) shall be parked in the Project's parking areas at the sole risk of Tenant, it being expressly agreed and understood Landlord has no duty to insure any of said motor vehicles (including the contents thereof), and Landlord is not responsible for the protection and security of such vehicles. Such customers and invitees shall be entitled to park on the Project while visiting or attending meetings at the Premises, so long as no overnight parking by these customers or invitees is allowed. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS LEASE, LANDLORD SHALL HAVE NO LIABILITY WHATSOEVER FOR ANY PROPERTY DAMAGE OR LOSS WHICH MIGHT OCCUR ON THE PARKING AREAS OR AS A RESULT OF OR IN CONNECTION WITH THE PARKING OF MOTOR VEHICLES IN ANY OF THE PARKING SPACES. Landlord acknowledges and agrees that Tenant my convert parking spaces to locations for Tenant's Bloom Boxes, subject to compliance with Legal Requirements.View More
Parking. Tenant shall have be entitled to use the exclusive right, free of charge, to park its vehicles in all of entire parking area depicted on the areas designated for parking attached Exhibit A- 3 ("Parking Area"), on Exhibit A (collectively, the "Parking Area"), a first come, first served basis, subject to Tenant's obligation to comply with all Legal Requirements, the terms of this Lease and all reasonable rules and regulations which are prescribed from time to time by Landlord. Fourteen (14) chargi...ng stations Notwithstanding anything to the contrary provided for herein, (i) Tenant shall be available for Tenant's exclusive use permitted, subject to all provisions of this Lease applicable to Tenant Made-Alterations, to construct within the Parking Area, at Tenant's sole expense, covered/reserved parking with solar panels on such parking canopy, as well as signage for reserved parking, with such covered/reserved parking not to exceed thirty (30) parking spaces (the "Parking Improvements"); and five (5) (ii) in no event may Tenant park more than one hundred 19 forty one (141) vehicles (be it for Tenant, its employees, visitors or invitees) at the Project. From time to time, Landlord may allocate the number of parking stalls spaces among Tenant and other tenants in front of the Building may be specifically designated exclusively for Tenant's visitors' use. Project at Landlord's sole discretion. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties. All motor vehicles (including all contents thereof) shall be parked in the Project's parking areas at the sole risk of Tenant, it being expressly agreed and understood Landlord has no duty to insure any of said motor vehicles (including the contents thereof), and Landlord is not responsible for the protection and security of such vehicles. Such customers and invitees shall be entitled to park on the Project while visiting or attending meetings at the Premises, so long as no overnight parking by these customers or invitees is allowed. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS LEASE, LANDLORD SHALL HAVE NO LIABILITY WHATSOEVER FOR ANY PROPERTY DAMAGE OR LOSS WHICH MIGHT OCCUR ON THE PARKING AREAS OR AS A RESULT OF OR IN CONNECTION WITH THE PARKING OF MOTOR VEHICLES IN ANY OF THE PARKING SPACES. Landlord acknowledges and agrees that Tenant my convert parking spaces to locations for Tenant's Bloom Boxes, subject to compliance with Legal Requirements.View More
Parking. Tenant shall have the exclusive right, free of charge, be entitled to park its vehicles in all one hundred percent (100%) of the areas designated for parking on Exhibit A (collectively, spaces located within the "Parking Area"), Premises, subject to Tenant's obligation to comply with all Legal Requirements, the terms of this Lease and all reasonable rules and regulations which are prescribed from time to time by Landlord. Fourteen (14) charging stations shall be available for Tenant's exclusive ...use within the Parking Area, and five (5) parking stalls in front of the Building may be specifically designated exclusively for Tenant's visitors' use. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties. All motor vehicles (including all contents thereof) shall be parked in the Project's Premises' parking areas at the sole risk of Tenant, it being expressly agreed and understood Landlord has no duty to insure any of said motor vehicles (including the contents thereof), and Landlord is not responsible for the protection and security of such vehicles. Such customers and invitees shall be entitled to park on the Project while visiting or attending meetings at the Premises, so long as no overnight parking by these customers or invitees is allowed. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS LEASE, LANDLORD SHALL HAVE NO LIABILITY WHATSOEVER FOR ANY PROPERTY DAMAGE OR LOSS WHICH MIGHT OCCUR ON THE PARKING AREAS OR AS A RESULT OF OR IN CONNECTION WITH THE PARKING OF MOTOR VEHICLES IN ANY OF THE PARKING SPACES. Landlord acknowledges and agrees that Tenant my convert parking spaces to locations for Tenant's Bloom Boxes, subject to compliance with Legal Requirements.View More
Parking. Effective as of the Second Expansion Commencement Date and continuing throughout the Second Expansion Term, Tenant shall be entitled to rent up to twenty- two (22) unreserved parking passes (i.e., three (3) unreserved parking passes per 1,000 rentable square feet of the Second Expansion Premises) in connection with Tenant's lease of the Second Expansion Premises (the "Second Expansion Parking Passes"), subject to and in accordance with the terms of the Lease.
Parking. Effective as of the Second Expansion Commencement Date and continuing throughout the Second Expansion Term, Tenant shall be entitled to rent up to twenty- two (22) forty-one (41) unreserved parking passes (i.e., three (3) unreserved parking passes per 1,000 rentable square feet of the Second Expansion Premises) in connection with Tenant's lease of the Second Expansion Premises (the "Second Expansion "Expansion Parking Passes"), subject to and in accordance with the terms of the Lease.
Parking. Effective as of the Second Expansion Commencement Date and continuing throughout the Second Expansion Term, Tenant shall be entitled entitled, but not obligated, to rent up to twenty- two (22) unreserved parking passes (i.e., three (3) 2.25 unreserved parking passes per 1,000 rentable square feet of the Second Expansion Premises) Premises (i.e., up to 20 unreserved parking passes) in connection with Tenant's lease of the Second Expansion Premises (the "Second Expansion Parking Passes"), subject ...to and Passes"). The Second Expansion Parking Passes shall be rented by Tenant at the then prevailing market parking rate as determined by Landlord. Except as provided herein, Tenant shall lease the Second Expansion Parking Passes in accordance with the terms provisions of Article 28 of the Original Lease. View More
Parking. Effective as of the Second Expansion Commencement Date and continuing throughout the Second Expansion Term, based on an allotment of 3.0 unreserved parking spaces for every 1,000 rentable square feet of the Expansion Premises, Tenant shall be entitled to rent up to twenty- two (22) thirty (30) unreserved parking passes (i.e., three (3) unreserved parking passes per 1,000 rentable square feet of the Second Expansion Premises) in connection with Tenant's lease of the Second Expansion Premises (the..."Second Expansion "Expansion Parking Passes"), subject to and in accordance with the terms of the Lease. Passes"). View More
Parking. With respect to the Expansion Space, the Landlord shall provide Tenant on the TCD thirty-eight (38) parking spaces, including eight (8) reserved covered spaces in the attached parking structure and thirty (30) on a non-reserved basis on the existing surface lots. As of the TCD, Tenant shall have a total of five hundred thirty-one (531) parking spaces, which shall consist of one hundred twenty-five (125) reserved covered spaces in the attached parking structure and four hundred and six (406) on a... non-reserved basis on the existing surface lots. These spaces are free of charge.View More
Parking. With respect to the Expansion Space, the Landlord shall provide Tenant on the TCD thirty-eight (38) twenty-eight (28) parking spaces, including eight (8) five (5) reserved covered spaces in the attached parking structure and thirty (30) twenty-three (23) on a non-reserved basis on the existing surface lots. As of the TCD, Tenant shall have a total of five hundred thirty-one (531) seventy-eight (578) parking spaces, which shall consist of one hundred twenty-five (125) thirty-three (133) reserved ...covered spaces in the attached parking structure and four hundred and six (406) forty-five (445) on a non-reserved basis on the existing surface lots. These spaces are free of charge. View More
Parking. Lessee shall have the right to the nonexclusive use of its to its Pro Rata Share of vehicular parking spaces on the Land at no additional cost to Lessee in the parking area for the Building, subject to such reasonable rules and regulations for such parking facilities which may be established or altered by Lessor at any time from time to time during the Lease Term, provided that such rules and regulations shall not unreasonably interfere with Lessee's parking rights. Vehicles of Lessee or its emp...loyees shall not park in driveways or occupy parking spaces or other areas reserved for deliveries, or loading or unloading.View More
Parking. Lessee shall have the right to the nonexclusive use of its to its Pro Rata Share of sixty five (65) unreserved on-site vehicular parking spaces on the Land at no additional cost to Lessee in the parking area for the Building, Building; provided, however, that twenty-one (21) of the foregoing parking spaces may be located in nearby parking areas in Menlo Business Park located no more than two hundred and fifty (250) paces from the Premises, such use shall be subject to such reasonable rules and r...egulations for such parking facilities which may be established or altered by Lessor at any time from time to time during the Lease Term, provided that such rules and regulations shall not unreasonably interfere with Lessee's parking rights. Vehicles of Lessee or its employees shall not park in driveways or occupy parking spaces or other areas reserved for deliveries, or loading or unloading. View More
Parking. At no additional cost to Lessee, Lessee shall have the right right, during the Term and any Extended Term, to the (a) nonexclusive use of its to its Pro Rata Share of one hundred (100) unreserved on-site vehicular parking spaces on the Land at no additional cost to Lessee in the parking area for the Building and (b) exclusive use of eight (8) reserved on-site vehicular parking spaces near the front entrance of the Building, all such use shall be subject to such reasonable rules and regulations f...or such parking facilities which may be established or altered by Lessor at any time from time to time during the Lease Term, term, provided that such rules and regulations shall not unreasonably interfere with Lessee's parking rights. Vehicles of Lessee or its employees shall not park in driveways or occupy parking spaces or other areas reserved for deliveries, or loading or unloading. View More
Parking. Tenant shall be entitled to use no more than the number of parking spaces in the Parking Areas specified in the Basic Lease Information and Defined Terms article of this Lease. The parking spaces may only be used by principals, employees, assignees, subtenants and contractors of Tenant. "Parking Areas" shall mean the areas available for automobile parking in connection with the Building as those areas may be designated by Landlord from time to time. Except for particular spaces and areas designa...ted from time to time by Landlord for reserved parking, if any, all parking in the Parking Areas shall be on an unreserved, first-come, first-served basis. Landlord reserves the right to (a) reduce the number of spaces in the Parking Areas, as long as the number of parking spaces remaining is in compliance with all applicable governmental requirements; (b) to reserve spaces for the exclusive use of specific parties; and (c) change the access to the Parking Areas, provided that Tenant continues to have access to 105 covered unreserved spaces in the Parking Areas; and none of the foregoing shall entitle Tenant to any claim against Landlord or to any abatement of Rent. Landlord shall have no liability to Tenant for unauthorized parking in reserved spaces, and shall not be required to tow any unauthorized vehicles. Landlord may, in its discretion, from time to time, change the location of any reserved spaces Notwithstanding anything to the contrary contained in this Lease, Landlord shall have no liability whatsoever for any property damage or loss which may occur in the Parking Area, or as a result of or in connection with the parking of motor vehicles in any of the parking spaces.View More
Parking. Tenant shall be entitled to use no more than agrees that the number of parking spaces in actually used by Tenant and its employees and guests at the Parking Areas specified in Project or connection with Tenant's use of the Basic Lease Information and Defined Terms article Premises may never at any time exceed 4 parking spaces for each 1,000 usable square feet of this Lease. the Premises. All of Tenant's parking shall be non-reserved.. The parking spaces may only be used by principals, employees,... assignees, subtenants principals and contractors employees of Tenant. "Parking Areas" shall mean the areas available for automobile parking in connection with the Building as those areas may be designated by Landlord from time to time. Except for particular spaces and areas designated from time to time by Landlord for reserved parking, if any, all parking in the Parking Areas shall be on an unreserved, first-come, first-served basis. Landlord reserves the right to (a) reduce the number of spaces in the Parking Areas, as long as 18 the number of parking spaces remaining is in compliance with all applicable governmental requirements; (b) to reserve spaces for the exclusive use of specific parties; parties and change the location of any reserved spaces; (c) change the access to the Parking Areas, provided that Tenant continues to have some manner of reasonable access to 105 covered unreserved spaces in the Parking Areas; Areas remains after the change; and none of the foregoing shall entitle Tenant to any claim against Landlord or to any abatement of Rent. Rent; and (d) establish, modify and enforce the methods used to control parking at the Project and rules and regulations relating to parking. Landlord shall have no liability to Tenant for unauthorized parking in reserved spaces, and shall not be required to tow any unauthorized vehicles. Landlord may, in its discretion, from time to time, change the location of any reserved spaces Notwithstanding anything to the contrary contained in this Lease, Landlord shall have no liability whatsoever for any property damage or loss which may occur in the Parking Area, or as a result of or in connection with the parking of motor vehicles in any of the parking spaces.View More
Parking. Tenant shall be entitled to use no more than the number of parking spaces in the Parking Areas specified in the Basic Lease Information and Defined Terms article of this Lease. Lease ("Tenant's Parking Spaces"). Tenant shall be required to pay for all such allocated spaces whether Tenant actually uses such spaces or not. The parking spaces may only be used by principals, employees, assignees, subtenants employees and contractors invitees of Tenant. Tenant acknowledges that its guests and visitor...s will be charged for parking at then current rates. "Parking Areas" shall mean the areas available for automobile parking in connection with the Building as those areas may be designated by Landlord from time to time. Except for particular spaces and areas designated from time to time by Landlord for reserved parking, if any, all parking in the Parking Areas shall be on an unreserved, first-come, first-served basis. Landlord reserves the right to (a) reduce the number of spaces in the Parking Areas, as long as Areas provided that the number of parking spaces remaining is Parking Areas remain in compliance with all applicable governmental requirements; (b) to reserve spaces for the exclusive use of specific parties; and (c) change (c)change the access to the Parking Areas, provided that Tenant continues to have some manner of reasonable access to 105 covered unreserved spaces the Parking Areas remains after the change and in the case of clauses (b) and (c) hereof, Tenant's Parking Areas; Spaces shall not be reduced thereby; and none of the foregoing shall entitle Tenant to any claim against Landlord or to any abatement of Rent. Landlord (or the operator of the Parking Areas) may charge Tenant (and/or its employees, agents, contractors, invitees, and visitors) directly for the parking fee established by Landlord (or the operator) from time to time for the use of the Parking Areas. The fixed Rent for parking spaces shall be as provided in the Basic Lease Information and Defined Terms article of this Lease and shall be due and payable, in advance, at the same time as monthly installments of Base Rent are due and payable under this Lease, plus all applicable sales taxes. This Rent shall be increased on each anniversary of the Commencement Date by 3% over the rates in effect for the immediately preceding year of the Lease Term. Landlord shall have no liability to Tenant for unauthorized parking in reserved spaces, and shall not be required to tow any unauthorized vehicles. Landlord may, in its discretion, from time to time, change the location of any reserved spaces. In the event the Premises are increased or decreased after the Date of this Lease by both Landlord and Tenant, the number of spaces Notwithstanding anything available to Tenant shall likewise be increased or decreased so that the contrary contained in this Lease, Landlord aggregate number of spaces to which Tenant is entitled shall have no liability whatsoever equal three (3) space for any property damage or loss which may occur in each one thousand (1,000) rentable square feet within the Parking Area, or as a result of or in connection with Premises, unless otherwise agreed by the parking of motor vehicles in any of the parking spaces. parties. View More
