Storage Area. Notwithstanding anything to the contrary contained in this Lease, commencing on the Commencement Date, Tenant shall have the right to 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, 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 Term. The Storage Area shall be confined to 2 parking spaces, and the number of parking spaces which Tenant has the right to use pursuant to Section 10 of the Lease shall be reduced by 2 parking spaces during the Term of the Lease with respect to the Storage Area. Landlord shall have no obligation to make any repairs or improvements to the Storage Area and Tenant shall maintain the same, at Tenant’s sole cost and expense, in an orderly manner and good repair and condition during the Term as though the same were part of the Premises. At the expiration or earlier termination of the Term, Tenant shall, at Tenant’s sole cost and expense, remove all of Tenant’s personal property from the Storage Area and deliver the Storage Area to Landlord free of any debris and trash and free of any Hazardous Materials.
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Storage Area. Notwithstanding anything to the contrary contained in this Lease, commencing on the Commencement Date, Tenant shall have the right option to use lease the storage area Storage Area, located on floor P3 of the Building, and more specifically described on Exhibit I C attached hereto (“Storage Area”)to the Lease, for the storage of Tenant’s property and for no other use or purposeby notice given to Landlord prior to January 1, at no additional cost1992. If Tenant may not store Hazardous Materials in the Storage Area. Tenant may installexercises such option, 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 be used by Tenant upon the following terms, covenants and restore all 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 to its original condition upon the expiration or earlier termination for each year of the Term. The During any Extended Term, the Rent per square foot of Net Rentable Area of the Storage Area for each year shall be confined to 2 parking spacesincreased by multiplying Ten Dollars ($10.00) by a fraction, the numerator of which is the Base Rent payable during such Extended Term and the number denominator of parking spaces which is Twelve and 27/100 Dollars ($12.27).
(b) There shall not be a separate Operating Cost or Impositions charge to Tenant has the right to use pursuant to Section 10 of the Lease shall be reduced by 2 parking spaces during the Term of the Lease with respect to the Storage Area. Landlord shall have no obligation to make any repairs or improvements to ; rather, the cost of maintaining, repairing and operating the Storage Area and Tenant Impositions thereon, shall maintain the same, at Tenant’s sole cost and expense, in an orderly manner and good repair and condition during the Term be paid by Landlord as though the same were a part of the Premises. At cost of operating and maintaining the expiration or earlier termination 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 Term, Tenant shall, at Tenant’s sole cost and expense, remove all interior 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 Landlord free Tenant hereunder on a “shell” basis, which shall consist of any debris space enclosed by a concrete or sheet rock wall and trash a concrete floor, one lockable entry, lights provided by strip lighting and free of any Hazardous Materialsone light switch (or additional entries or light switches as may be required by the applicable building codes).
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Samples: Lease (Houghton Mifflin Co)
Storage Area. Notwithstanding anything to the contrary contained in this Lease, commencing on the Commencement Date, Tenant shall have the right option to use lease the storage area Storage Area, located on floor P3 of the Building, and more specifically described on Exhibit I C attached hereto (“Storage Area”)to the Lease, for the storage of Tenant’s property and for no other use or purposeby notice given to Landlord prior to January 1, at no additional cost1992. If Tenant may not store Hazardous Materials in the Storage Area. Tenant may installexercises such option, 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 be used by Tenant upon the following terms, covenants and restore all 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 to its original condition upon the expiration or earlier termination for each year of the Term. The During any Extended Term, the Rent per square foot of Net Rentable Area of the Storage Area for each year shall be confined to 2 parking spacesincreased by multiplying Ten Dollars ($10.00) by a fraction, the numerator of which is the Base Rent payable during such Extended Term and the number denominator of parking spaces which is Twelve and 27/100 Dollars ($12.27).
(b) There shall not be a separate Operating Cost or Impositions charge to Tenant has the right to use pursuant to Section 10 of the Lease shall be reduced by 2 parking spaces during the Term of the Lease with respect to the Storage Area. Landlord shall have no obligation to make any repairs or improvements to ; rather, the cost of maintaining, repairing and operating the Storage Area and Tenant Impositions thereon, shall maintain the same, at Tenant’s sole cost and expense, in an orderly manner and good repair and condition during the Term be paid by Landlord as though the same were a part of the Premises. At cost of operating and maintaining the expiration or earlier termination 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 Term, Tenant shall, at Tenant’s sole cost and expense, remove all interior 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 Landlord free Tenant hereunder on a "shell" basis, which shall consist of any debris space enclosed by a concrete or sheet rock wall and trash a concrete floor, one lockable entry, lights provided by strip lighting and free of any Hazardous Materialsone light switch (or additional entries or light switches as may be required by the applicable building codes).
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Storage Area. Notwithstanding anything to the contrary contained in this Lease, commencing 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 right to use that certain Storage Area in the storage area 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 I B 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 any Hazardous Materials in the Storage Area. Tenant may install, 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 Term. The Storage Area shall be confined to 2 parking spaces, and the number of parking spaces which Tenant has the right to use pursuant to Section 10 of the Lease shall be reduced by 2 parking spaces during the Term of obligations under the Lease with respect to the Storage Area as though the Storage Area were part of the Premises, except that (i) the Base Rent payable 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. Tenant acknowledges and agrees that (x) a representative of Landlord is required to accompany Tenant or any Tenant Parties to the Storage Area and (y) Tenant shall be 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 a Landlord representative to be made available. For the avoidance of doubt, neither Tenant nor any Tenant Parties shall have access to the 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 maintain the same, at Tenant’s sole cost and expense, in an orderly manner and good repair and substantially the same condition as received during the Term term as though the same were part of the Premises. At Tenant shall not make any alterations, additions, or improvements to the expiration or earlier termination Storage Area of the Term, any kind whatsoever. Tenant shall, at Tenant’s sole cost and expense, remove all of Tenant’s personal property from surrender the Storage Area and deliver at the Storage Area to Landlord expiration nor earlier termination of the term of the Lease free of any debris and trash and free of any Hazardous MaterialsMaterials in accordance with the requirements of Section 28 of the Lease. The term of the Lease with respect to the Storage Area shall expire on the expiration or earlier termination of the term of the Lease.
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Samples: Lease Agreement (Korro Bio, Inc.)
Storage Area. Notwithstanding anything Landlord may, at its option, vacate the ------------ Storage Area currently excludes from the Initial Space (as hereinafter defined) leased under the Lease Agreement, and lease such Storage Area to Tenant at an annual rental rate per rentable square foot equal to the contrary contained then payable fixed annual base under this Lease Agreement and otherwise on the same terms and as are set forth in this Lease, commencing Lease Agreement.
(a) Landlord shall give Tenant a notice (the "Storage Area Notice") not less than thirty days prior to the date Tenant would be required to accept possession of same hereunder. The Storage Area Notice shall (i) indicate the date on which the Commencement Date, Tenant Storage Area shall have become available and (ii) specify Landlord's determination of the right to use the storage area described on Exhibit I attached hereto (“Storage Area”), rent 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, at Tenant sole cost or expense, a locking fence or gate around shall lease the Storage Area of a design and type acceptable to Landlord, at the fixed annual rent specified 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 Notice, subject to its original condition adjustment as hereinafter provided, for a term commencing on the "Storage Area Term Commencement Date" (as hereinafter defined) and continuing for the balance of the Term on the terms and conditions hereinafter specified.
(b) This Lease Agreement shall automatically be amended to include the Storage Area effective as of the Storage Area Term Commencement Date upon the terms and conditions herein specified:
(i) Landlord hereby leases to Tenant and Tenant hereby rents from Landlord the Storage Area on the terms and conditions hereinafter set forth for a term (the "Storage Area Term") commencing on the date set forth in such Storage Area Notice as the date the Storage Area was to become available, (the "Storage Area Term Commencement Date") and ending on the expiration or earlier termination date of the Term. term for the space initially leased by Tenant hereunder (the "Initial Space")
(ii) The fixed annual base rent payable under this lease as the same may have been increased from time to time pursuant to the terms of this lease shall be further increased by an amount equal to rentable space feet of the Storage Area multiplied by the fixed annual rent per rentable square foot for such Storage Area specified in the Storage Area Notice.
(iii) Tenant will accept said Storage Area in its "as is" condition on the Storage Area Term Commencement Date.
(c) Except as otherwise specifically provided in this Article, from and after the Storage Area Term Commencement Date, all references in the lease to the demised premises shall be deemed to apply to the Storage Area as well as to the Initial Space and all of the terms, provisions and conditions of this lease shall apply to the Storage Area with the same force and effect as if it were leased to Tenant initially together with the Initial Space.
(d) Should the Storage Area Term Commencement Date for the Storage Area fall on any day other than the first day of a month, then the fixed annual rent attributable to the Storage Area shall be confined to 2 parking spacesprorated on a per diem basis, and Tenant agrees to pay the number of parking spaces which Tenant has amount thereof for such partial month on the right to use pursuant to Section 10 of Storage Area Term Commencement Date.
(e) In no event shall the Lease shall be reduced by 2 parking spaces during the Term of the Lease fixed annual rent payable with respect to the Storage Area. Landlord Area on a per square foot basis determined as herein provided be less than the fixed annual rent per square foot than being paid under this lease for the Initial Space.
(f) From and after the first day of the Storage Area Term, all references in the lease to the demised premises shall have no obligation be deemed to make any repairs or improvements apply to the Storage Area and Initial Space.
(g) Except as expressly permitted by this lease, Tenant shall maintain the same, at Tenant’s sole cost and expense, in an orderly manner and good repair and condition during the Term as though the same were not be permitted to sublet or assign all or any part of the Premises. At the expiration or earlier termination Storage Area.
(h) Except as otherwise specifically provided in this Article, all of the Termterms, Tenant shall, at Tenant’s sole cost provisions and expense, remove all conditions of Tenant’s personal property from the lease shall apply to the Storage Area with the same force and deliver effect as if it were leased to Tenant initially together with the Storage Area Initial Space demised hereunder.
(i) The termination, cancellation or surrender of this lease as to Landlord free the entire demised premises shall terminate any rights of any debris and trash and free of any Hazardous MaterialsTenant pursuant to this Article.
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