Common use of Parking and Monthly Parking Charge Clause in Contracts

Parking and Monthly Parking Charge. Subject to all matters of record, Force Majeure, a Taking (as defined in Section 19 below), the exercise by Landlord of its rights hereunder and upon payment of the Monthly Parking Charge (as defined below) for each parking space commencing on the Commencement Date, Tenant shall have the right, in common with other tenants of the Project to use 0.9 parking spaces per 1,000 rentable square foot of the Premises (“Tenant’s Parking Allocation”) in the parking facility located at the One Xxxxxxx Square Garage located on Binney Street (the “OKS Garage”) to park in those areas designated for non-reserved parking, subject in each case to Landlord’s rules and regulations. Prior to the Commencement Date, Tenant shall notify Landlord in writing of the number of parking spaces out of Tenant’s Parking Allocation that Tenant elects to utilize (which may include, if requested by Tenant, the phasing in of parking spaces (not to exceed Tenant’s Parking Allocation) over the first 12 months after the Commencement Date. In the event Tenant does not initially elect to take all of the parking spaces in Tenant’s Parking Allocation, then Landlord shall be permitted to lease such unused spaces out to third parties and Tenant shall only be permitted to recapture such unused spaces upon thirty (30) days prior written notice if Landlord determines that such spaces are then available for Tenant to lease at the time Tenant delivers its written notice to Landlord. Landlord shall not be responsible for enforcing Tenant’s parking rights against any third parties, including other tenants of the Project. The “Monthly Parking Charge” shall mean the market rate monthly charge therefor designated by Landlord, adjusted reasonably and no more frequently than once in any 12-month period, based upon the rates charged by comparable parking facilities in the vicinity of the Project, which as of the date of this Lease such Monthly Parking Charge is equal to $310.00 per space per month, plus applicable taxes.

Parking and Monthly Parking Charge. Subject to all matters of recordapplicable Legal Requirements, Force Majeure, a Taking (as defined in Section 19 below), the exercise by Landlord of its rights hereunder and upon payment of the Monthly Parking Charge (as defined below) for each parking space hereunder, commencing on the Commencement Date, Tenant shall have the right, in common with other tenants of the Project to use (and shall be required to pay Monthly Parking Charges (as defined below) for) 0.9 parking spaces per 1,000 rentable square foot feet of the Premises (“Tenant’s Parking Allocation”) in the parking facility located at the One Xxxxxxx Square Garage located on Binney Street (the “OKS Garage”) to park ), which parking spaces shall be located in those areas designated for non-reserved parking, subject in each case to Landlord’s rules and regulations. Prior to the Commencement Date; provided, Tenant shall notify however, Landlord in writing of the number of parking spaces out may relocate any or all of Tenant’s Parking Allocation that Tenant elects from the OKS Garage to utilize another parking facility in close proximity to the OKS Garage (which i.e., being within 0.25 miles of the OKS Garage). Landlord may include, if requested by Tenant, the phasing in of allocate parking spaces (not to exceed Tenant’s Parking Allocation) over among Tenant and other tenants in the first 12 months after the Commencement Date. In the event Tenant does not initially elect to take all of the parking spaces in Tenant’s Parking Allocation, then Landlord shall be permitted to lease such unused spaces out to third parties and Tenant shall only be permitted to recapture such unused spaces upon thirty (30) days prior written notice Project pro rata as described above if Landlord determines that such spaces parking facilities are then available for Tenant to lease at becoming crowded. If, during the time Tenant Term, Xxxxxx delivers its written notice to Landlord requesting additional parking spaces and Landlord determines that the additional parking spaces desired by Tenant are available for use by Tenant, Landlord shall notify Tenant in writing and Tenant shall commence using and paying the Monthly Parking Charge for such additional parking spaces immediately following Landlord’s delivery of such written notice to Tenant that such additional parking spaces are available for Tenant’s use. Landlord shall not be responsible for enforcing Tenant’s parking rights against any third parties, including other tenants of the Project. The “Monthly Parking Charge” shall mean the market rate monthly charge therefor designated by Landlord, adjusted reasonably and no more frequently than once in any 12-month period, based upon the rates charged by comparable parking facilities in the vicinity of the Project, which as of the date of this Lease such Monthly Parking Charge is anticipated as of the Commencement Date equal to $310.00 375.00 per space per month, plus applicable taxes.

Parking and Monthly Parking Charge. Subject to all matters of record, Force Majeure, a Taking (as defined in Section 19 below), the exercise by Landlord of its rights hereunder and upon payment of the Monthly Parking Charge (as defined below) for each parking space commencing on the Commencement Date, Tenant shall have the right, in common with other tenants of the Project to use 0.9 vehicle parking spaces per 1,000 rentable square foot feet of the Premises (“Tenant’s Parking Allocation”) in the parking facility located at the One Xxxxxxx Square Garage located on Binney Street (the “OKS Garage”) to park in those areas designated for non-reserved parking, subject in each case to Landlord’s rules and regulations. Prior to the Commencement Date; provided, Tenant shall notify however, Landlord in writing of the number of parking spaces out may relocate any or all of Tenant’s Parking Allocation that Tenant elects from the OKS Garage to utilize (which the parking garage located at 000 Xxxxxxxxxx Xxxxxx. Landlord may include, if requested by Tenant, the phasing in of allocate parking spaces (not to exceed Tenant’s Parking Allocation) over among Tenant and other tenants in the first 12 months after the Commencement Date. In the event Tenant does not initially elect to take all of the parking spaces in Tenant’s Parking Allocation, then Landlord shall be permitted to lease such unused spaces out to third parties and Tenant shall only be permitted to recapture such unused spaces upon thirty (30) days prior written notice Project pro rata as described above if Landlord determines that such spaces parking facilities are then available for Tenant to lease at the time Tenant delivers its written notice to Landlordbecoming crowded. Landlord shall not be responsible for enforcing Tenant’s parking rights against any third parties, including other tenants of the Project. If Tenant delivers written notice to Landlord during the Term requesting additional parking spaces and Landlord determines that the additional parking spaces desired by Tenant are available for use by Tenant, Landlord shall notify Tenant in writing and Tenant shall immediately commence leasing and paying for such additional parking spaces. The “Monthly Parking Charge” shall mean the market rate monthly charge therefor designated by Landlord, adjusted reasonably and no more frequently than once in any 12-month period, based upon the rates charged by comparable parking facilities in the vicinity of the Project, which as . As of the date of this Lease such Lease, the Monthly Parking Charge is equal to $310.00 per parking space per month, plus applicable taxes.

Parking and Monthly Parking Charge. Subject to all matters of recordapplicable Legal Requirements, Force Majeure, a Taking (as defined in Section 19 below), the exercise by Landlord of its rights hereunder and upon payment of the Monthly Parking Charge (as defined below) for each parking space hereunder, commencing on the Commencement Date, Tenant shall have the right, in common with other tenants of the Project Project, to use 0.9 5 parking spaces per 1,000 rentable square foot of the Premises (“Tenant’s Parking Allocation”) in the parking facility located at the One Xxxxxxx Square Garage located on Binney Street (the “OKS Garage”) to park ), which parking spaces shall be located in those areas designated for non-reserved parking, subject in each case to Landlord’s reasonable rules and regulationsregulations and payment by Tenant to Landlord of the Monthly Parking Charges for the number of parking spaces Tenant has elected to use; provided, however, Landlord may relocate any or all of Tenant’s Parking Allocation from the OKS Garage to another parking facility in close proximity to the OKS Garage (i.e., being within 0.25 miles of the OKS Garage). Prior Tenant shall deliver written notice to Landlord on or before the Commencement Date reflecting the number of parking spaces, up to Tenant’s Parking Allocation, that Tenant has elected to use as of the Commencement Date. If Tenant does not deliver such notice to Landlord by the Commencement Date, Tenant shall notify Landlord in writing of be deemed to have elected to use all 5 parking spaces allocated to Tenant. Subject to the immediately following sentence, Tenant shall have the right, upon 30 days’ written notice to Landlord, to increase or decrease the number of parking spaces out being used by Tenant; provided, however, that in no event shall Tenant be entitled to use any parking spaces in excess of Tenant’s Parking Allocation. If, during the Term, Tenant delivers written notice to Landlord requesting parking spaces over and above Tenant’s Parking Allocation (“Additional Parking”) and Landlord determines that the Additional Parking desired by Tenant elects to utilize (which may include, if requested is available for use by Tenant, the phasing in of parking spaces (not to exceed Tenant’s Parking Allocation) over the first 12 months after the Commencement Date. In the event Tenant does not initially elect to take all of the parking spaces in Tenant’s Parking Allocation, then Landlord shall be permitted to lease such unused spaces out to third parties notify Tenant in writing and Tenant shall only be permitted to recapture commence using and paying the Monthly Parking Charge for such unused spaces upon thirty (30) days prior Additional Parking immediately following Landlord’s delivery of such written notice to Tenant that such Additional Parking is available for Tenant’s use. Landlord may allocate parking spaces among Tenant and other tenants in the Project pro rata as described above if Landlord determines that such spaces parking facilities are then available for Tenant to lease at the time Tenant delivers its written notice to Landlord. Landlord shall not be responsible for enforcing Tenant’s parking rights against any third parties, including other tenants of the Projectbecoming crowded. The “Monthly Parking Charge” shall mean the market rate monthly charge therefor designated by Landlord, adjusted reasonably and no more frequently than once in any 12-month period, based upon the rates charged by comparable parking facilities in the vicinity of the Project, which as of the date of this Lease such Monthly Parking Charge is anticipated as of the Commencement Date equal to $310.00 400.00 per space per month, plus applicable taxes.