Reserved Retail Space/Minimum Validations Sample Clauses

Reserved Retail Space/Minimum Validations. Provided that Tenant purchases, or agrees to purchase, a minimum of Eight Thousand Two Hundred Fifty and No/100ths Dollars ($8,250.00) worth of validations every three (3) calendar months (each, a “Validation Period”) on a non-cumulative basis from Landlord (“Minimum Validations”), Tenant shall be permitted to convert and maintain, at Tenant's sole cost and expense, the three (3) visitor parking spaces designated as Area D in the depiction attached hereto as Exhibit “J” into reserved parking spaces specifically for the use of Tenant's retail banking customers (each, a “Retail Space” and collectively, the “Retail Spaces”); provided, however, that Landlord shall have the right to relocate the Retail Spaces to other spaces in the Building Parking Area reasonably acceptable to Tenant from time-to-time by delivering to Tenant not less than thirty (30) days prior written notice of such relocation. If Tenant fails to purchase the Minimum Validations during any Validation Period, then Landlord shall notify Tenant in writing of the number of validations which Tenant must purchase in order to satisfy the Minimum Validations requirement for such Validation Period (the “Shortfall Notice”). Tenant shall have thirty (30) days after the Shortfall Notice within which to purchase validations sufficient to meet the Minimum Validation requirement for such Validation Period. If Tenant fails to purchase the requisite validations on or before the expiration of the thirty (30) day period after the Shortfall Notice, then at Landlord's option, Tenant's rights to said Retail Spaces shall terminate. Tenant hereby accepts the Retail Spaces in their “AS-IS” condition; provided, however, Tenant may, upon Landlords prior written consent, and at Tenant's sole cost and expense, add signage or other marking identifying such spaces for the use of its retail customers, subject to Landlord's reasonable approval as to the content, materials, colors, lettering and method of application. Subject to the prior written consent of Landlord, Tenant may designate such reasonable rules and regulations governing its customers' use of such Retail Spaces, including maximum time limits for the use thereof; provided, however, in no event shall Landlord be liable for such rules and regulations, including the enforcement thereof. The Minimum Validations purchase requirement amount shall be increased to Ten Thousand and No/100ths Dollars ($10,000.00) on the first day of the Option Term, and shall be applicable...