Parking Clause Example from Business Contracts

Parking. Subject to all matters of record, Force Majeure, a Taking (as defined in Section 19 below) and the exercise by Landlord of its rights hereunder, Tenant shall have the right, 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 ru...les and regulations. Tenant shall have the exclusive right to use all 32 of the parking spaces located in the subterranean parking garage under the Building, which 32 parking spaces shall be applied against Tenant's pro rata share of parking spaces. Tenant's pro rata share of parking spaces in the Project during the Term currently equals 92 parking spaces. 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. Ten (10) of the parking spaces allocated to Tenant pursuant to this Section 10 shall be marked by Landlord, at Tenant's cost, as reserved spaces for Tenant and Tenant's guests in locations immediately adjacent to the front entrance of the Building and otherwise in locations reasonably acceptable to Landlord and Tenant. Landlord shall not be responsible for enforcing Tenant's parking rights against any third parties, including other tenants of the Project. View More