Parking Ratios Clause Samples

Parking Ratios. At all times pertinent hereto, LESSOR shall maintain, at a minimum, the parking ratios set by the City of Austin, Texas as to the number of parking spaces per square foot of space in the Building. The current parking ratios set by the City of Austin are one parking space for each 450 square feet of rentable space.

Parking Ratios. As of the Commencement Date, the parking ratio within the Project will be 3.3 spaces per ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Feet of space within the Project. Landlord covenants that as the Building is leased up it will construct, at its sole expense, additional parking areas to increase such ratio to 4 spaces per ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Feet of space within the Project.

Parking Ratios. Subject to the specific terms, provisions and adjustments set forth in this Section 14, Landlord will maintain, for Tenant’s use during the Term, parking for Tenant based on a total parking ratio not to exceed 5/1,000 square feet of Rentable Area (“Maximum Parking Ratio”), which will be administered and paid for as follows: (i) Covered Parking, Landlord will at all times during the Term maintain (A) fifteen (15) covered reserved parking spaces based on a ratio of 1.5/1,000 square feet of Rentable Area (“Covered Reserved Parking Spaces”) for Tenant’s exclusive use, and (B) twenty-nine (29) covered unreserved parking spaces based on a ratio of 3.0/1,000 square feet of Rentable Area (“Covered Unreserved Parking Spaces”) for Tenant’s non-exclusive use. Commencing on the 13th month following the Commencement Date, Tenant shall pay a monthly Parking Fee at the rate of $55.00 per space per month for each Covered Reserved Parking Spaces and $40.00 per space per month for each Covered Unreserved Parking Spaces. All Parking Fees shall be payable, in advance and without demand, together with each installment of Monthly Base Rent.

Parking Ratios. As of the Rent Commencement Date (and subject to temporary interruptions in connection with Landlord’s continued development of the Project, as provided below), the parking ratio within the Project applicable to Tenant will be four (4) spaces per 1,000 Usable Square Feet (“USF”) of space within the Premises. The foregoing (4:1,000 USF) parking ratio includes all spaces within the Project, including covered, uncovered, reserved, unreserved, handicap, and visitor parking spaces. Of the total spaces described above, a maximum of four (4) of said total spaces may be reserved in the parking garage by Tenant at the rate of $100.00 per space per month, subject to future escalation by Landlord provided, however, that in no event shall such escalation be more than three percent (3%) during any consecutive 12 month period. All unreserved parking shall be provided on a free and unassigned basis during the Initial Lease Term (i.e., first come, first served).

Parking Ratios. As of the Rent Commencement Date (and subject to temporary interruptions in connection with Landlord’s continued development of the Project, as provided below), the parking ratio within the Project applicable to Tenant will be twenty-six (26) spaces based on four (4) spaces per 1,000 Usable Square Feet (“USF”) of space within the Premises. The foregoing (4:1,000 USF) parking ratio includes all spaces within the Project, including covered, uncovered, reserved, unreserved, handicap, and visitor parking spaces. Of the total spaces described above, a maximum of six (6) of said total spaces may be reserved in the parking garage by Tenant at the rate of $100.00 per space per month during the initial Lease Term. Tenant shall notify Landlord in writing upon execution of this Lease how many of the six (6) reserved spaces it chooses to reserved, and only those spaces shall be reserved for the entire initial Lease Term All unreserved parking shall be provided on a free and unassigned basis (i.e., first come, first served).

Parking Ratios. As of the Rent Commencement Date and thereafter throughout the Term of this Lease (and subject to temporary interruptions in connection with Landlord's continued development of the Project, as provided below), the parking ratio within the Project applicable to Tenant will be 4.5 spaces per 1,000 Usable Square Feet ("USF") of space within the Premises. The foregoing (4.5:1,000 USF) parking ratio includes all spaces within the Project, including covered, uncovered, reserved, unreserved, handicap, and visitor parking spaces. Tenant shall be allotted the right to use 4.5 parking spaces per thousand USF of space within the Premises (with such allocation or rights being broken down by, and tied to, each Phase—i.e. such ratio will apply just to Phase I until the Delivery Date for Phase II, and shall then include all of the USF of the Premises), of which a portion of such spaces (in a location mutually agreed to by Landlord and Tenant which is nearest—other than handicap spaces—to the/a main entrance to the Building elevator lobby) will be covered, reserved parking spaces and the balance will be unreserved spaces. The number of covered, reserved parking spaces allotted to Tenant shall be determined by taking the percentage of the total USF of the Building which is occupied by Tenant and multiplying such percentage by the total number of covered, reserved parking spaces under the Building (which currently equals 47 reserved spaces). In no event shall the number of covered parking spaces that are reserved parking spaces for the Building be less than 86. The balance of the number of spaces that are allotted to Tenant will be unreserved spaces, which Tenant shall have the right to use during the Initial Term of this Lease free of any charges or fees, whether assessed directly or as Rent—the determination of whether Tenant is to be charged for unreserved parking spaces during any Extension Term and the amount thereof in the event Tenant is to be charged, shall be determined as part of the determination of the Then-Prevailing Rate pursuant to Paragraph 3.2.4, above. Tenant's parking ratio is subject to increase pursuant to the Addendum to this Lease.

Parking Ratios. As of the Lease Commencement Date (and subject to temporary relocations in connection with Landlord’s continued development of the Project, as provided below), the parking ratio within the Project applicable to Tenant will be four spaces per 1,000 Usable Square Feet (“USF”) of space within the Premises. The foregoing (4:1,000 USF) parking ratio includes all spaces within the Project, including covered, uncovered, reserved, unreserved, handicap, and visitor parking spaces. Tenant acknowledges that in connection with the continued development of the Project the specific location of unreserved parking will be subject to change during the Lease Term and some of the parking areas in which such parking is provided will be temporary in nature.

Parking Ratios. At all times pertinent hereto, LESSOR shall maintain, at a minimum, the parking ratios set by the City of Austin, Texas as to the number of parking spaces per square foot of space in the Building. The current parking ratios set by the City of Austin are one parking space for each 450 square feet of rentable space.