Common use of Current Parking Counts and Allowable Reductions in Number of Spaces for Non-Exclusive Use Clause in Contracts

Current Parking Counts and Allowable Reductions in Number of Spaces for Non-Exclusive Use. Schedule 4 attached hereto and incorporated herein by reference shows the number of parking spaces located in the Parking Easement area outside of the Exclusive Parking Zone on each burdened Parcel as of the date of this Agreement. Notwithstanding anything to the contrary herein, each Owner shall have the right, following a written request by the majority of the Tenants on such Parcel requesting a reduction in the number of parking spaces and upon written notice to Manager but without obtaining Manager's approval, to reduce the number of parking spaces located in the Parking Easement Area outside of the Exclusive Parking Zone on its Parcel by a total of fifteen (15) or fewer spaces provided that the minimum number of parking spaces located in the Parking Easement Area outside of the Exclusive Parking Zone on each burdened Parcel shall at no time be less than the minimum number for such burdened Parcel as shown on Schedule 4 attached hereto; provided, however, the phrase "following a written request by the majority of the Tenants on such Parcel requesting a reduction in the number of parking spaces and" in this sentence above shall only apply to any Parcel for so long as Cisco Systems Inc or any "Tenant Affiliate" continues as a tenant on such Parcel pursuant to its existing lease, dated September 16, 2013, pertaining to such Parcel.

Appears in 2 contracts

Samples: Reciprocal Easement Agreement (Forescout Technologies, Inc), Reciprocal Easement Agreement (Forescout Technologies, Inc)

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Current Parking Counts and Allowable Reductions in Number of Spaces for Non-Exclusive Use. Schedule 4 attached hereto and incorporated herein by reference shows the number of parking spaces located in the Parking Easement area outside of the Exclusive Parking Zone on each burdened Parcel as of the date of this Agreement. Notwithstanding anything to the contrary herein, each Owner shall have the right, following a written request by the majority of the Tenants on such Parcel requesting a reduction in the number of parking spaces and upon written notice to Manager but without obtaining Manager's ’s approval, to reduce the number of parking spaces located in the Parking Easement Area outside of the Exclusive Parking Zone on its Parcel by a total of fifteen (15) or fewer spaces provided that the minimum number of parking spaces located in the Parking Easement Area outside of the Exclusive Parking Zone on each burdened Parcel shall at no time be less than the minimum number for such burdened Parcel as shown on Schedule 4 attached hereto; provided, however, the phrase "following a written request by the majority of the Tenants on such Parcel requesting a reduction in the number of parking spaces and" in this sentence above shall only apply to any Parcel for so long as Cisco Systems Inc Systems, Inc. or any "Tenant Affiliate" continues as a tenant on such Parcel pursuant to its existing lease, dated September 16, 2013, pertaining to such Parcel.

Appears in 1 contract

Samples: Reciprocal Easement Agreement (Silver Spring Networks Inc)

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Current Parking Counts and Allowable Reductions in Number of Spaces for Non-Exclusive Use. Schedule 4 attached hereto and incorporated herein by reference shows the number of parking spaces located in the Parking Easement area outside of the Exclusive Parking Zone on each burdened Parcel as of the date of this Agreement. Notwithstanding anything to the contrary herein, each Owner shall have the right, following a written request by the majority of the Tenants on such Parcel requesting a reduction in the number of parking spaces and upon written notice to Manager but without obtaining Manager's ’s approval, to reduce the number of parking spaces located in the Parking Easement Area outside of the Exclusive Parking Zone on its Parcel by a total of fifteen (15) or fewer spaces provided that the minimum number of parking spaces located in the Parking Easement Area outside of the Exclusive Parking Zone on each burdened Parcel shall at no time be less than the minimum number for such burdened Parcel as shown on Schedule 4 attached hereto; provided, however, the phrase "following a written request by the majority of the Tenants on such Parcel requesting a reduction in the number of parking spaces and" in this sentence above shall only apply to any Parcel for so long as Cisco Systems Inc Systems, Inc. or any "Tenant Affiliate" continues as a tenant on such Parcel pursuant to its existing lease, dated September 16, 2013, pertaining to such Parcel.

Appears in 1 contract

Samples: Reciprocal Easement Agreement (Silver Spring Networks Inc)

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