Garage Parking. The Tenant shall have the right to parking spaces located on the Premises. The tenant shall be charged a fee on a monthly basis of Dollars ($ ), in addition to the rent payment, for use of the space. Only vehicles registered with the Landlord and/or Condominium Association will be allowed to park in the areas designated unless consent is given.
Garage Parking. Tenant shall have the right to lease up to thirty-two (32) unassigned parking spaces in the Building garage during the initial and any extended Lease term, as follows:
Garage Parking. In addition to the free 19 assigned spaces that Lessee already has in the parking garage, Lessor shall provide Lessee with 3 additional assigned parking spaces (#2, #3, #46), and 1 conditional parking space (#33 1/2), all at no charge. The conditional parking space is a space next to a handicapped parking space. Should a handicapped person ever rent the handicapped parking space #34 and require the parking space next to it be empty (as is required in the case of van accessibility), the conditional parking space will need to be given up and no replacement parking space will be given.
Garage Parking. Lessor hereby agrees to make available to Lessee, and Lessee hereby agrees to take, during the full term of this Lease, permits to park, on an unassigned basis, TWO HUNDRED SIXTY-EIGHT (268) automobiles and on an assigned/reserved basis, TWENTY-NINE (29) automobiles (hereinafter called the "Garage Parking Permits") in the parking garage adjacent to the Building (hereinafter called the "Garage") constructed on the Land, at no charge to Lessee. In the event all or part of the Garage shall be taken or condemned for any public purpose or in the event of destruction of all or part of the Garage due to fire or other casualty, the obligations set out in this Rider No. 1, at the option of Lessor, shall cease and terminate. If Lessor elects to rebuild the Garage, such obligations shall continue, provided that the rental for the Garage shall xxxxx during such time as parking is unavailable in the Garage. Lessor shall only be obligated to rebuild to the extent of the amount of insurance or condemnation proceeds received by Lessor. RIDER NO. 2 ----------- RENEWAL OPTION Subject to the conditions set out below and provided Lessee is not in default under this Lease either at the time it exercises this option to extend or at the time such option term commences, Lessee is hereby granted the option to extend the term of this Lease for TWO (2) successive epriods, the first period for a term of TWO (2) years and the second period for a term of FIVE (5) years, respectively, (collectively the "Renewal Terms" and individually a "Renewal Term"). The first Renewal Term shall commence at the expiration of the initial term of this Lease and the second Renewal Term shall commence at the expiration of the first Renewal Term. To exercise this option, Lessee must deliver written notice (an "Extension Notice") of such election to Lessor at least SIX (6) months prior to the expiration of the initial term of this Lease or first Renewal Term, respectively. The Renewal Terms shall be upon the same terms and conditions of this Lease, except:
Garage Parking. In addition to the free 23 assigned spaces that Lessee already has in the parking garage, Lessor shall provide Lessee with 2 additional assigned parking spaces (spaces #7, and #15) at no charge.
Garage Parking indoor parking space is available for an extra charge of CHF 25.00 per day per car. Rates are net, not commissionable and inclusive of service charge and VAT.
Garage Parking. Throughout the duration of this Lease, including extensions or renewals thereof, Landlord shall provide to Tenant up to 110 parking passes for spaces located: (i) within the Property’s parking garage, (ii) the adjacent Safeway parking lot, or (iii) the City of Baltimore lot. Of the 110 parking passes, no less than eighty-five (85) spaces shall be in the Property’s parking garage, and no more than twenty-five (25) spaces shall be located in areas other than the parking garage. Forty-two (42) of the parking passes for the Property’s parking garage shall be provided at no additional cost or expense to Tenant. Of the forty-two (42) parking passes, twenty (20) of such parking passes shall be for “Reserved” spaces within the Property’s parking garage and shall be clearly identified as such. The balance of the parking passes for spaces located within the Property’s parking garage shall be provided at the initial monthly rate of one hundred dollars and no cents ($100.00) per parking space. The monthly rate shall be subject to annual adjustment at the rate of two and three-quarters percent (2.75%) applied on the anniversary of the date upon which the parking passes are delivered from Landlord to Tenant.
Garage Parking. Effective as of the date each portion of the Expansion Space indicated below is delivered to Tenant, and continuing through and until the Termination Date applicable to each such portion of the Expansion Space, Section 3.5 of the Lease shall be amended to provide that in addition to (and not in lieu of) the Parking Permits leased pursuant to the Lease, but in lieu of any adjustment that would have been made under Section 3.5.5, Landlord agrees to furnish to Tenant the right to park the following number of additional vehicles in the Parking Garage (the "Additional Permits"): Expansion Space Additional Permits First Space 17 Unassigned Permits Second Space 70 Unassigned Permits Third Space 401 Unassigned Permits and 29 Assigned Permits (collectively, the "Third Space Permits") Fourth Space (if the Fourth 45 Unassigned Permits Space Option is exercised by Tenant)
Garage Parking. Effective as of the Reduction Date, the modifications made to Section 3.5 of the Lease pursuant to Section 7 of the First Amendment to Lease Agreement shall automatically terminate and Section 3.5 of the Lease shall apply to the Remaining Premises as originally provided in the Lease including any adjustment that would have been made under Section 3.5.5, with the result that Landlord agrees to furnish to Tenant the right to park vehicles in the Parking Garage on the terms and in the numbers provided in Section 3.5 of the Lease. Tenant hereby acknowledges that five (5) of the Parking Permits leased to Tenant as Assigned Permits shall be used for an electrical generator owned by Tenant in lieu of the spaces assigned to Tenant for its Assigned Permits to create space for a generator pursuant to Section 3.5.2 of the Lease, which shall continue to be included as Assigned Permits for Tenant. Tenant shall have no right to reduce the number of Permits leased by Tenant as to Floors 24 and 25 of the Building pursuant to this Paragraph 10 under Section 3.5.6
Garage Parking. During the Term from and after the Rent Commencement Date, Tenant shall have the non-exclusive right to use Tenant’s pro rata share (based on the rentable square footage of the Premises divided by the rentable square footage of the Building, excluding any portion leased by Landlord to Yale University, in all such cases as adjusted) of the parking spaces located in the parking garage at the Building (the “Garage”) (i.e., initially 53 spaces for Tenant’s use, with all of such parking spaces being reserved for Tenant with a sign identifying Tenant placed in proximity to such reserved spaces), increasing proportionately if the Premises is expanded pursuant to Tenant’s rights under Articles 36 and 37, and the right together with the other tenants and occupants of the Building and others entitled thereto, and its and their employees, agents, and invitees, to use any driveways appurtenant thereto for the purposes of egress and ingress, parking of vehicles for itself, its customers, and employees in connection with and incidental to the business conducted by Tenant in the Premises. Landlord shall not charge any separate license or leasing fee for the use of the parking spaces. Landlord may use a sticker system, access devices, or another method to control access to the Garage from time to time. To the extent applicable to Tenant’s use of the parking spaces, the provisions of this Lease shall apply, including the Rules and Regulations. Tenant shall have no right to transfer Tenant’s right to use parking spaces under this Section 11.8 except to an assignee of this Lease (including without limitation, a Successor Entity) or a permitted subtenant, in either case so long as such assignee or subtenant is not Yale University or an affiliate of Yale University. Landlord may employ so-called stacked or valet parking within the Garage and may designate parking for EAST\174041517.9 certain tenants in certain areas of the Garage, provided that in each such case Tenant remains entitled to use the number of spaces set forth in this Section 11.8 at no additional cost. Tenant shall comply with the terms of a Parking Demand Management plan, if any, to entered into by Landlord and shall cooperate with Landlord as reasonably required in fulfilling any reporting obligations therein, provided that such plan does not increase Tenant’s obligations by more than a de minimis amount or unreasonably and adversely affect Tenant’s use of the Premises and/or the Garage without Tenant’s written...
