Common use of Storage Area Clause in Contracts

Storage Area. Tenant shall have the option to lease the Storage Area, located on floor P3 of the Building, and more specifically described on Exhibit C attached to the Lease, by notice given to Landlord prior to January 1, 1992. If Tenant exercises such option, the Storage Area shall be used by Tenant upon the following terms, covenants and conditions: (a) Tenant shall pay as part of Gross Rent an amount equal to Ten Dollars ($10.00) per square foot of Net Rentable Area of the Storage Area for each year of the Term. During any Extended Term, the Rent per square foot of Net Rentable Area of the Storage Area for each year shall be increased by multiplying Ten Dollars ($10.00) by a fraction, the numerator of which is the Base Rent payable during such Extended Term and the denominator of which is Twelve and 27/100 Dollars ($12.27). (b) There shall not be a separate Operating Cost or Impositions charge to Tenant with respect to the Storage Area; rather, the cost of maintaining, repairing and operating the Storage Area and Impositions thereon, shall be paid by Landlord as a part of the cost of operating and maintaining the Building, and shall be included in the total Operating Cost and Impositions allocated among the tenants in the Building. (c) Tenant shall be responsible for maintenance of the interior of the Storage Area and shall assume all risk of loss or damage with respect to property stored therein, except to the extent that such loss is caused by the negligence or willful misconduct of Landlord. Maintenance of the exterior of the Storage Area, the portion of the Building in which the Storage Area is located and access thereto shall be the responsibility of Landlord, which Landlord shall perform in the same manner as is provided with respect to other areas in the Building for which Landlord has retained responsibility. (d) Landlord shall deliver the Storage Area to Tenant hereunder on a “shell” basis, which shall consist of space enclosed by a concrete or sheet rock wall and a concrete floor, one lockable entry, lights provided by strip lighting and one light switch (or additional entries or light switches as may be required by the applicable building codes).

Storage Area. Tenant shall have the option to lease the Storage Area, located on floor P3 of the Building, and more specifically described on Exhibit C attached to the Lease, by notice given to Landlord prior to January 1, 1992. If Tenant exercises such option, the Storage Area shall be used by Tenant upon the following terms, covenants and conditions: (a) Tenant shall pay as part of Gross Rent an amount equal to Ten Dollars ($10.00) per square foot of Net Rentable Area of the Storage Area for each year of the Term. During any Extended Term, the Rent per square foot of Net Rentable Area of the Storage Area for each year shall be increased by multiplying Ten Dollars ($10.00) by a fraction, the numerator of which is the Base Rent payable during such Extended Term and the denominator of which is Twelve and 27/100 Dollars ($12.27). (b) There shall not be a separate Operating Cost or Impositions charge to Tenant with respect to the Storage Area; rather, the cost of maintaining, repairing and operating the Storage Area and Impositions thereon, shall be paid by Landlord as a part of the cost of operating and maintaining the Building, and shall be included in the total Operating Cost and Impositions allocated among the tenants in the Building. (c) Tenant shall be responsible for maintenance of the interior of the Storage Area and shall assume all risk of loss or damage with respect to property stored therein, except to the extent that such loss is caused by the negligence or willful misconduct of Landlord. Maintenance of the exterior of the Storage Area, the portion of the Building in which the Storage Area is located and access thereto shall be the responsibility of Landlord, which Landlord shall perform in the same manner as is provided with respect to other areas in the Building for which Landlord has retained responsibility. (d) Landlord shall deliver the Storage Area to Tenant hereunder on a “"shell” " basis, which shall consist of space enclosed by a concrete or sheet rock wall and a concrete floor, one lockable entry, lights provided by strip lighting and one light switch (or additional entries or light switches as may be required by the applicable building codes).

Storage Area. Notwithstanding anything to the contrary contained in this Lease, commencing on the Commencement Date, Tenant shall have the option right to lease use the storage area described on Exhibit I attached hereto (“Storage Area”), for the storage of Tenant’s property and for no other use or purpose, at no additional cost. Tenant may not store Hazardous Materials in the Storage Area. Tenant may install, located on floor P3 at Tenant sole cost or expense, a locking fence or gate around the Storage Area of a design and type acceptable to Landlord, in Landlord’s sole and absolute discretion. Landlord shall have the right, in its sole and absolute discretion, to require Tenant to remove any such fence or gate installed by Tenant and restore all the Storage Area to its original condition upon the expiration or earlier termination of the Building, and more specifically described on Exhibit C attached to the Lease, by notice given to Landlord prior to January 1, 1992Term. If Tenant exercises such option, the The Storage Area shall be used by confined to 2 parking spaces, and the number of parking spaces which Tenant upon has the following terms, covenants and conditions: (a) Tenant shall pay as part of Gross Rent an amount equal right to Ten Dollars ($10.00) per square foot of Net Rentable Area use pursuant to Section 10 of the Storage Area for each year Lease shall be reduced by 2 parking spaces during the Term of the Term. During any Extended Term, the Rent per square foot of Net Rentable Area of the Storage Area for each year shall be increased by multiplying Ten Dollars ($10.00) by a fraction, the numerator of which is the Base Rent payable during such Extended Term and the denominator of which is Twelve and 27/100 Dollars ($12.27). (b) There shall not be a separate Operating Cost or Impositions charge to Tenant Lease with respect to the Storage Area; rather, the cost of maintaining, repairing and operating . Landlord shall have no obligation to make any repairs or improvements to the Storage Area and Impositions thereonTenant shall maintain the same, shall be paid by Landlord at Tenant’s sole cost and expense, in an orderly manner and good repair and condition during the Term as a though the same were part of the cost of operating and maintaining Premises. At the Building, and shall be included in the total Operating Cost and Impositions allocated among the tenants in the Building. (c) Tenant shall be responsible for maintenance expiration or earlier termination of the interior Term, Tenant shall, at Tenant’s sole cost and expense, remove all of Tenant’s personal property from the Storage Area and shall assume all risk of loss or damage with respect to property stored therein, except to the extent that such loss is caused by the negligence or willful misconduct of Landlord. Maintenance of the exterior of the Storage Area, the portion of the Building in which the Storage Area is located and access thereto shall be the responsibility of Landlord, which Landlord shall perform in the same manner as is provided with respect to other areas in the Building for which Landlord has retained responsibility. (d) Landlord shall deliver the Storage Area to Tenant hereunder on a “shell” basis, which shall consist Landlord free of space enclosed by a concrete or sheet rock wall any debris and a concrete floor, one lockable entry, lights provided by strip lighting trash and one light switch (or additional entries or light switches as may be required by the applicable building codes)free of any Hazardous Materials.

Storage Area. Commencing on the 1400 Building Premises Commencement Date, in connection with Xxxxxx’s use and occupancy of the 1400 Building Premises, Tenant shall have the option right to lease use that certain Storage Area in the 1400 Building commonly known as Suite 14-010 consisting of approximately 153 rentable square feet in the basement of the 1400 Building as more particularly described on Exhibit B attached hereto (“Storage Area”) for the storage of Tenant’s property and for no other use or purpose. Tenant may not store any Hazardous Materials in the Storage Area, located on floor P3 . Tenant shall have all of the Building, and more specifically described on Exhibit C attached obligations under the Lease with respect to the Lease, by notice given to Landlord prior to January 1, 1992. If Tenant exercises such option, the Storage Area shall be used by Tenant upon the following terms, covenants and conditions: (a) Tenant shall pay as part of Gross Rent an amount equal to Ten Dollars ($10.00) per square foot of Net Rentable Area of though the Storage Area for each year were part of the Term. During any Extended TermPremises, the Rent per square foot of Net Rentable Area of the Storage Area for each year shall be increased by multiplying Ten Dollars except that ($10.00i) by a fraction, the numerator of which is the Base Rent payable during such Extended Term and the denominator of which is Twelve and 27/100 Dollars ($12.27). (b) There shall not be a separate Operating Cost or Impositions charge to by Tenant with respect to the Storage Area shall be $8,032.50 per year, and (ii) Tenant shall not be required to pay Operating Expenses with respect to the Storage Area; rather, the cost . Tenant acknowledges and agrees that (x) a representative of maintaining, repairing and operating Landlord is required to accompany Tenant or any Tenant Parties to the Storage Area and Impositions thereon, shall be paid by Landlord as a part of the cost of operating and maintaining the Building, and shall be included in the total Operating Cost and Impositions allocated among the tenants in the Building. (cy) Tenant shall be responsible required to provide Landlord with not less than 1 hours’ advance notice (which notice may be telephonic or via email) prior to any planned access to the Storage Area in order for maintenance a Landlord representative to be made available. For the avoidance of doubt, neither Tenant nor any Tenant Parties shall have access to the interior of Storage Area without a Landlord representative being present. Landlord shall have no obligation to make any repairs or other improvements to the Storage Area and Tenant shall assume all risk maintain the same, at Tenant’s sole cost and expense, in substantially the same condition as received during the term as though the same were part of loss the Premises. Tenant shall not make any alterations, additions, or damage improvements to the Storage Area of any kind whatsoever. Tenant shall, at Tenant’s sole cost and expense, surrender the Storage Area at the expiration nor earlier termination of the term of the Lease free of any debris and trash and free of any Hazardous Materials in accordance with the requirements of Section 28 of the Lease. The term of the Lease with respect to property stored therein, except to the extent that such loss is caused by the negligence or willful misconduct of Landlord. Maintenance of the exterior of the Storage Area, the portion of the Building in which the Storage Area is located and access thereto shall be expire on the responsibility expiration or earlier termination of Landlord, which Landlord shall perform in the same manner as is provided with respect to other areas in term of the Building for which Landlord has retained responsibilityLease. (d) Landlord shall deliver the Storage Area to Tenant hereunder on a “shell” basis, which shall consist of space enclosed by a concrete or sheet rock wall and a concrete floor, one lockable entry, lights provided by strip lighting and one light switch (or additional entries or light switches as may be required by the applicable building codes).

Storage Area. Subject to Tenant complying with all of the provisions of this Lease including, without limitation, Section 12 hereof, and all applicable Legal Requirements and Landlord’s rules and regulations, Tenant shall have the option right, with funds from the TI Allowance, to lease construct and/or install, from time to time, a Hazardous Materials storage container and a general storage facility in the location depicted on Exhibit J attached hereto (the “Storage Area”), located on floor P3 which may be used by Tenant for Hazardous Materials storage, storage of Tenant’s liquid nitrogen tanks or other liquid or compressed gas storage tanks, installation of supplemental equipment for the Building systems, equipment storage, and other storage facilities associated with Tenant’s occupancy of the Building, and more specifically described on Exhibit C attached at no additional Base Rent for the use of such facilities. All such improvements to the Lease, by notice given to Landlord prior to January 1, 1992. If Tenant exercises such option, the Storage Area shall be used of a design and type and with screening acceptable to Landlord, in Landlord’s sole and absolute discretion. Landlord shall have the right, in its sole and absolute discretion, to require Tenant to remove any such improvements installed by Tenant upon the following terms, covenants and conditions: (a) Tenant shall pay as part of Gross Rent an amount equal to Ten Dollars ($10.00) per square foot of Net Rentable Area of in the Storage Area for each year and restore all such areas to their original use and condition upon the expiration or earlier termination of the Term. During any Extended Term, Tenant’s pro rata share of parking spaces (i.e. the Rent per square foot of Net Rentable Area of the Storage Area 150 spaces) provided for each year in this Lease shall be increased reduced by multiplying Ten Dollars ($10.00) the number of parking spaces impacted by a fraction, the numerator of which is the Base Rent payable during such Extended Term and the denominator of which is Twelve and 27/100 Dollars ($12.27). (b) There shall not be a separate Operating Cost or Impositions charge to Tenant with respect to the Storage Area; rather, the cost of maintaining, repairing and operating the Storage Area and Impositions thereonTenant shall not be entitled to any additional parking rights in the Project. Landlord shall have no obligation to make any repairs or improvements to the Storage Areas and Tenant shall maintain the same, shall be paid by Landlord at Tenant’s sole cost and expense, in good repair and condition during the Term as a though the same were part of the cost of operating and maintaining Premises. At the Building, and shall be included in the total Operating Cost and Impositions allocated among the tenants in the Building. (c) Tenant shall be responsible for maintenance expiration or earlier termination of the interior Term, Tenant shall, at Tenant’s sole cost and expense, remove all of Tenant’s personal property from the Storage Area and shall assume all risk of loss or damage with respect to property stored therein, except to the extent that such loss is caused by the negligence or willful misconduct of Landlord. Maintenance of the exterior of the Storage Area, the portion of the Building in which the Storage Area is located and access thereto shall be the responsibility of Landlord, which Landlord shall perform in the same manner as is provided with respect to other areas in the Building for which Landlord has retained responsibility. (d) Landlord shall deliver the Storage Area to Tenant hereunder on a “shell” basis, which shall consist Landlord free of space enclosed by a concrete or sheet rock wall any debris and a concrete floor, one lockable entry, lights provided by strip lighting trash and one light switch (or additional entries or light switches as may be required by the applicable building codes)free of any Hazardous Materials.