Local Parking Structures Clause Samples

Local Parking Structures. Landlord has entered into an agreement with a parking operator (“Parking Operator”) to provide parking for tenants in the Building in off-site parking facilities generally located within a four (4) block radius of the Building (“Off-Site Parking Program”), currently including, without limitation, the parking garage located at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ (the “501 Santa ▇▇▇▇▇▇ Garage”), which facilities (including without limitation, the 501 Santa ▇▇▇▇▇▇ Garage) are subject to change from time to time in accordance with Landlord’s agreement with such Parking Operator. Landlord’s agreement with the Parking Operator is subject to change, termination or replacement from time to time; Landlord shall notify Tenant in the event that such Off-Site Parking Program is materially modified in any manner that affects Tenant’s rights under this Article 26 (including, for example, if the parking garage used to park VIP Valet-Assist (defined below) automobiles is moved closer to the Building). For so long as the same are and remain available in accordance with Landlord’s Off-Site Parking Program, Tenant shall have the option, to be exercised by at least thirty (30) days written notice to Landlord, of renting available parking passes for parking automobiles in garages available in the Offsite Parking Program (as and to the extent available from time to time) for such rent as Landlord may establish from time to time, subject to availability and subject to parking rules and regulations that the Parking Operator of such off-site parking facilities may establish from time to time; provided, that upon exercising the option to rent any such parking passes, all such passes then rented shall be rented by Tenant for the remainder of the Term, subject to the terms and conditions hereof, and so long as the same remain available for Landlord to provide to tenants of the Building. Landlord shall inform Tenant in writing when the designated available off-site parking facilities change in accordance herewith.