Storage Space. In addition to the Leased Premises, Landlord agrees that Tenant may use from and after the date that the same is delivered to Tenant (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided herein. Tenant shall accept the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
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Storage Space. In addition to (a) Effective as of the Leased PremisesExtended Term Commencement Date, Landlord agrees that Tenant may use from shall lease the Additional Storage Space, and after the date that term the same is delivered to Tenant (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) , as defined in the approximate location shown on Addendum IIOriginal Lease, Schedule 1 attached hereto, shall include the Existing Storage Space and the Additional Storage Space containing 2,051 square feet in accordance with the aggregate. The Additional Storage Space is subject to all the terms and conditions of the Amended Lease except with respect to the Existing Storage Space.
(b) So long as specifically provided herein. Tenant shall accept does not interfere with the Storage Space in its “as is” condition. Any alterations or improvements completion of any work required to be performed by Landlord (including the Landlord’s Work), Landlord shall use reasonable efforts to give Tenant access to the Additional Storage Space for approximately four (4) months prior to the Extended Term Commencement Date (the "Early Access Period") for storage purposes, as provided in Section 31.24 of the Original Lease. Tenant shall fully cooperate with Landlord and Xxxxxxxx's contractor during the Early Access Period so as not to interfere with Landlord’s completion of the Landlord’s Work and any other work required to be performed by Landlord. Tenant’s access to the Additional Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with subject to all applicable provisions of the terms and conditions of the Amended Lease. , except that Tenant may use the will not be obligated to pay Storage Space throughout Rental for the Term, whereupon Tenant shall vacate and surrender the Additional Storage Space during the Early Access Period. If Tenant fails to cooperate with Landlord and/or Landlord’s contractor during the Early Access Period and/or if Tenant interferes with Landlord’s completion of the Landlord’s Work, Landlord shall have the right, in good and broom clean conditionits sole option, to rescind Tenant’s access to the Additional Storage Space until the Extended Term Commencement Date and/or to deem such interference a Tenant Delay.
(c) Xxxxxx’s leasing of the Existing Storage Space is hereby extended such that it shall expire as of the Extended Term Expiration Date. For all purposes under The Term of Tenant’s leasing of the Lease, the Additional Storage Space shall be deemed to be a part coterminous with Tenant’s leasing of the Leased Existing Storage Space and the Premises, except as the same may be extended.
(d) Landlord shall have no obligation whatsoever to improve the Additional Storage Space and the Existing Storage Space or to otherwise provided fund any improvements to the Additional Storage Space and the Existing Storage Space, and Tenant hereby accepts the Additional Storage Space and the Existing Storage Space in this Addendum. their current AS-IS condition with the exception of that certain storage space work (if applicable) detailed on the plans and specifications attached hereto as Exhibit B.
(e) Tenant shall pay Landlord the following as Additional Rent for Storage Space Rental with respect to the Storage Space (i.e., the “combined Existing Storage Space Rent”and the Additional Storage Space): Rent Period Annually of Extended Term Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Space Rental 12/1/23 – 11/30/24 $3,076.50 12/1/24 – 11/30/25 $3,168.80 12/1/25 – 11/30/26 $3,263.86 12/1/26 – 11/30/27 $3,361.77 12/1/27 – 11/30/28 $3,462.63 12/1/28 – 3/31/29 $3,566.51 All such Storage Space Rent Rental shall be due and payable by Tenant monthly in advance on accordance with the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area terms of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCAmended Lease., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
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Samples: Multi Tenant Office Lease
Storage Space. In addition to the Leased Premises, A. Landlord agrees that Tenant may use from hereby demises and after the date that the same is delivered leases to Tenant and Tenant hereby accepts and leases from Landlord during the Term, certain storage space located on the 26th floor of the Building containing six hundred thirty-one (631) square feet, as outlined on Exhibit B attached hereto and made a part hereof (the “Storage Delivery DateSpace”). Except as specifically set forth in this Paragraph 71, for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms and conditions of the this Lease except as specifically provided herein. Tenant shall accept apply to the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in if the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a were part of the Leased Premises, except as otherwise provided in this Addendum. and all references to the Leased Premises contained herein, shall, where applicable, be deemed to be references to the Lease Premises and the Storage Space.
B. In addition to Base Rent, Tenant shall pay to Landlord the following as Additional Rent hereunder, rental for the Storage Space (the “Storage Space RentRental”): Rent Period Annually Monthly ) in an amount equal to five hundred seventy-eight dollars and 42/100 ($578.42) per month (equivalent to an annual rate of $11.00 per square foot of such Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 Space). The Storage Space Rent Rental shall be increased by an amount equal to three percent (3%) of the then Storage Space Rental on each anniversary of the Commencement Date during the Term and such increased Storage Space Rental shall then be the Storage Space Rental for the next succeeding year of the Term. The Storage Space Rental set forth in this Paragraph 71B includes all Taxes and Operating Expenses with respect to the Storage Space and Tenant’s Proportionate Share of Taxes and Operating Expenses shall not be adjusted to include any such amounts which would otherwise be allocable to the Storage Space.
C. The Storage Space shall be used by Tenant solely for the storage of papers, files, records and other office materials used in connection with the conduct of Tenant’s business from the Leased Premises and for no other purpose whatsoever. Tenant covenants and agrees to maintain the Storage Space in a clean and orderly condition and to maintain, at all times, clear aisles between the items stored by Tenant in the Storage Space with minimum widths of three feet (3’), sufficient to allow Landlord access to the Building equipment located in the Storage Space. In connection therewith, Landlord shall at all times retain pass keys to the Storage Space and shall make reasonable efforts, but shall have no obligation, to notify Tenant prior to Landlord’s entry into the Storage Space.
D. Tenant agrees that it will repair promptly, at its own expense, any damage to the Storage Space caused by bringing into the Storage Space any property for Tenant’s use or storage, or by the removal of such property, or by the negligence of Tenant or Tenant’s employees, and that it will surrender the Storage Space at the expiration of the Term in as good condition as when received, reasonable wear and tear and damage by fire or other current casualty excepted broom clean and free of all debris.
E. Landlord shall construct the Storage Space pursuant to plans and specifications approved by Tenant. Tenant shall pay any and all costs incurred with respect to the preparation and approval of such plans and specifications as well as the construction of the Storage Space; provided, however, that Landlord shall credit against the Storage Space Rental next due and payable owing hereunder any such amounts so paid by Tenant, not to exceed, in the aggregate, one thousand seven hundred and sixty dollars ($1,760.00).
F. Tenant monthly shall have the right from time to time to terminate the lease for all or any of the three portions of Storage Space set forth in advance this Paragraph 71 at any time after the third (3rd) anniversary of the Commencement Date by giving Landlord written notice of its intent to so terminate no later than ninety (90) days prior to the effective date of such termination. In the event of such termination, Tenant shall pay to Landlord, together with the giving of such notice, an amount equal to the then unamortized portion of the sum of the commission paid by Landlord to X.X. Xxxxxxxx & Co. and Landlord’s in-house commission in connection with the lease of this Storage Space. Landlord and Tenant hereby agree that for the purpose of calculating such payment, said commission shall be allocated pro-rata on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area a square footage basis to each portion of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent and amortized evenly over a fifteen (15) year period commencing on the Storage SpaceCommencement Date.
10. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of FebruaryExcept as expressly set forth herein, 2014the Lease shall remain unmodified and in full force and effect, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by enforceable in accordance with its managing member, STREET RETAIL, INCterms., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
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Storage Space. In addition to 4.1 During the Leased PremisesStorage Space Rental Term and for the Storage Space Fee (as such terms are defined herein), Landlord hereby agrees that to provide to Tenant, and Tenant may use hereby accepts from and after the date that the same is delivered to Tenant Landlord no less than seven hundred (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648700) square feet of basement storage space, commonly known as Space #13200B (hereinafter Storage Space. “Storage Space”” means space on premises owned or leased by Landlord, comparable in size and condition to the First Refusal Space (as defined below) or otherwise acceptable to Tenant in the approximate location shown on Addendum IIits sole and absolute discretion, Schedule 1 attached heretoreasonably accessible by Tenant, in accordance with all terms its agents, employees, contractors and representatives, accessible by fork-lift for freight-loading and unloading, and located within five hundred (500) yards of the Lease except as specifically provided hereinBuilding. Subject to the foregoing, the exact location of the Storage Space is at Landlord’s sole discretion and may be in an area in which property of others is located and not walled off from Tenant stored property. Tenant shall accept have the right to use the Storage Space in its “as is” conditionfor warehouse and storage use. Any alterations or improvements Access to be performed by Tenant in the Storage Space shall require accompaniment by someone from SVTC facilities or security staff but access shall be performed in accordance with plans and specifications approved in advance by Landlordavailable at all times. Storage Space may not be used to perform work of any kind other than the loading, and in accordance with all applicable provisions unloading, storage or inventorying of stored property. Notwithstanding anything to the Lease. contrary set forth herein, if Landlord is unable to provide Storage Space to Tenant may use for any reason during the Storage Space throughout the Rental Term, whereupon Landlord shall use reasonable efforts to provide Tenant with no less than thirty (30) days written notice of such unavailability, this Lease shall vacate and surrender terminate solely with respect to the Storage Space as of the date immediately preceding the date that such Storage Space is unavailable, Tenant shall have no further obligation to Landlord in good and broom clean condition. For all purposes under the Lease, pay the Storage Space Fee (defined below), and Tenant shall be deemed have the right to be a part deduct the Storage Space Fee from the Rent for the remainder of the Leased PremisesTerm. If this Lease is terminated with respect to the Storage Space pursuant to the immediately preceding sentence, except as otherwise provided Landlord shall from time to time immediately notify Tenant in this Addendum. writing of the availability of any Storage Space in any building owned or leased by Landlord of which it becomes aware, and Tenant shall pay have the right in its sole and absolute discretion to elect to lease such space from Landlord the following as Additional Rent for the Storage Space Fee (or the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”prorata portion thereof).
Appears in 1 contract
Samples: Lease Agreement (PDF Solutions Inc)
Storage Space. In addition Landlord shall lease to the Leased Premises, Landlord agrees that Tenant may use from and after the date that the same is delivered to Tenant (the “Storage Delivery Date”)Tenant, for the sole Storage Space Term (as defined below), space within the Building to be used and express purpose of occupied by Tenant only as storage of items used in conjunction with Tenant’s business space for the FF&E identified in the Leased Premises, approximately six hundred forty-eight Furniture Inventory List (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate ). The location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided herein. Tenant shall accept the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in the Storage Space shall be performed determined in accordance Landlord’s sole and absolute discretion provided that such space is sufficient in size to store the items listed in the Furniture Inventory List. The Storage Space shall be made available to Tenant in broom clean condition. Landlord has no obligation to make any improvement to the Storage Space and Tenant’s use of the Storage Space shall at all times be in compliance with plans and specifications approved in advance by Landlord, and in accordance with all applicable the provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly ) for the first eighteen (18) months of the initial Term an amount equal $0.00 and for each month thereafter, an amount equal to $10.00 per square foot of the total Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 Space until the expiration of the Storage Space Term. The Storage Space Rent shall be due payable as and payable by Tenant monthly in advance when Monthly Base Rent is payable, commencing on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area date that possession of the Storage Space shall notis delivered to Tenant. Notwithstanding the foregoing, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share Proportionate Share, the Storage Space shall not be included in the rentable area of Operating Coststhe Premises. The term for the Storage Space shall commence upon the date that possession of the Storage Space is delivered to Tenant and shall expire upon the earlier of the date when: (i) Tenant elects to exercise its First Refusal Right for the ROFR Space in accordance with Xxxxxxxxx 00 xxxxx, nor shall (xx) the term of the Lease has expired or is otherwise terminated in accordance with the terms of the Lease, and (iii) Tenant pay Minimum Rent on notifies Landlord in writing of its election to terminate its occupancy with respect to the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT Landlord may from time to time upon thirty (30) days prior written notice to Tenant, relocate any or all of the Storage Space to other storage areas in the Building (“AgreementNew Storage Space”) made this 27 day in which event the New Storage Space shall be deemed to be the Storage Space hereunder. Landlord shall pay the actual and reasonable expenses of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCphysically moving Tenant’s property to the New Storage Space., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Samples: Lease Agreement (Interhealth Facility Transport, Inc.)
Storage Space. In addition (i) Provided such space is available for lease from time to time during the Leased PremisesTerm, Tenant will have the option to lease from Landlord agrees that Tenant may use from and after certain storage space located in the date that basement of the same is delivered to Tenant Building (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) on a month-to-month basis until Tenant terminates the leasing of such Storage Space; provided that in no event will the approximate location shown on Addendum IIterm of Tenant’s leasing of any Storage Space extend beyond the expiration or sooner termination of this Lease, Schedule 1 attached heretosuch option to be exercised by written notice to Landlord (“Tenant’s Storage Exercise Notice”); promptly following delivery of Tenant’s Storage Exercise Notice, in accordance with all terms Landlord will notify Tenant of the Lease except as specifically provided hereinlocation, size and configuration of any Storage Space which is then available.
(ii) Provided the Storage Space is available for lease following the date of Tenant’s Storage Exercise Notice, the Storage Space shall be delivered in its “as-is” condition and be used by Tenant for the storage of equipment, inventory or other non-perishable items normally used in Tenant’s business, and for no other purpose whatsoever. Tenant shall accept agrees to keep the Storage Space in its “as is” conditiona neat and orderly fashion and to keep all stored items in cartons, file cabinets or other suitable containers. Any alterations or improvements to be performed by Tenant All items stored in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlordelevated at least 6 inches above the floor on wooden pallets, and shall be at least 18 inches below the bottom of all sprinklers located in accordance with all applicable provisions the ceiling of the LeaseStorage Space, if any. Tenant may use shall not store anything in the Storage Space throughout the Termwhich is unsafe or which otherwise may create a hazardous condition, whereupon or which may increase Landlord’s insurance rates, or cause a cancellation or modification of Landlord’s insurance coverage. Without limitation, Tenant shall not store any flammable, combustible or explosive fluid, chemical or substance nor any perishable food or beverage products, except with Landlord’s prior written approval. Landlord reserves the right to adopt and enforce reasonable rules and regulations not inconsistent with this Lease governing the use of the Storage Space from time to time. Upon expiration or earlier termination of Tenant’s rights to the Storage Space, Tenant shall completely vacate and surrender the Storage Space to Landlord in good the condition in which it was delivered to Tenant, ordinary wear and broom tear excepted, broom-clean condition. For and empty of all purposes under the Lease, the Storage Space shall be deemed to be a part personalty and other items placed therein by or on behalf of the Leased Premises, except as otherwise provided in this Addendum. Tenant.
(iii) Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date ) in the amount equal to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due $20.00 per rentable square foot per annum in equal monthly installments, plus applicable sale and use taxes, each payable by Tenant monthly in advance on or before the first day of every calendar each month. Any partial month during shall be appropriately prorated. All Storage Rent shall be payable in the Termsame manner that Base Rent is payable hereunder.
(iv) All terms and provisions of this Lease shall be applicable to the Storage Space, unless terminated earlier as provided above. The Floor Area of except that Landlord need not supply air-cooling, heat, water, janitorial service, cleaning, window washing or electricity to the Storage Space and Tenant shall notnot be entitled to any allowances, howeverrent credits, be included in Tenant’s Proportionate share or expansion rights with respect to the Storage Space unless such concessions or rights are specifically provided for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on herein with respect to the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT Landlord shall not be liable for any theft or damage to any items or materials stored in the Storage Space, it being understood that Tenant is using the Storage Space at its own risk. The Storage Space shall not be included in the determination of Tenant’s Share nor shall Tenant be required to pay Operating Expenses, Insurance Expenses or Property Taxes in connection with the Storage Space.
(“Agreement”v) made this 27 day At any time and from time to time, Landlord shall have the right to relocate the Storage Space to a new location which shall be no smaller than the square footage of Februarythe Storage Space. Landlord shall pay the direct, 2014out-of-pocket, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCreasonable expenses of such relocation., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Storage Space. In addition Tenant shall have the right to the Leased Premises, Landlord agrees that Tenant may use from and after the date that the same is delivered lease up to Tenant (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) 500 square feet of basement storage space, commonly known as Space #13200B space (hereinafter the “Storage Space”) in the approximate location shown on Addendum IIProject parking facility; provided, Schedule 1 attached heretohowever, in accordance with all terms if, after the first twelve (12) months of the Lease except Term, Tenant has not commenced leasing or ceases to lease the Storage Space, as specifically provided hereinapplicable, any subsequent leasing of the Storage Space by Tenant shall be subject to availability. The exact size of the Storage Space and the location thereof shall be reasonably determined by Landlord. Tenant shall accept not be required to pay rent with respect to the Storage Space; provided, however, Tenant shall pay for, or reimburse Landlord for any Landlord provided utilities used in connection with the Storage Space. Tenant shall comply with such rules and regulations as promulgated by Landlord from time to time pertaining to the use of such Storage Space and, in connection therewith, Tenant agrees that Tenant’s obligations under this Lease, including, but without limitation thereof, Article 10 will specifically apply to the Storage Space as if the Storage Space were a part of the Premises. Tenant agrees not to store any flammable, combustible or other materials in the Storage Space that would increase the cost of Landlord’s insurance, and not to store any toxic, hazardous or odorous materials or waste in the Storage Space. Tenant also agrees not to store excess or highly concentrated weight in the Storage Space. Tenant agrees to use the Storage Space solely for storage purposes of dry goods and not as office or other space. Tenant agrees that Landlord and its agents may enter and inspect the Storage Space and any goods stored therein during normal business hours, on not less than one (1) business day’s prior notice (except in an emergency in which case no prior notice shall be required). Tenant shall deliver to Landlord a key for any locks installed by Tenant for Landlord’s emergency entry purposes. Notwithstanding anything to the contrary contained in this Lease, Tenant accepts the Storage Space in its presently existing “as is”, “with all faults”, “without any warranties or representations” conditioncondition and Landlord shall not be obligated perform any improvement or other work in connection with the Premises. Any alterations No obligations of Landlord under this Lease with respect to the Premises or improvements Base Building shall apply to be performed by the Storage Space. Tenant in may make interior, non-structural modifications to the Storage Space shall be performed only in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions the terms of Article 8 of the Lease. If Landlord so elects, Tenant may use shall execute and deliver to Landlord, Landlord’s standard form Storage Space Lease within thirty (30) days after Tenant’s receipt thereof. Landlord shall have the right, upon not less than sixty (60) days prior written notice to Tenant, to substitute for the Storage Space throughout comparable storage area within the Term, whereupon Tenant shall vacate Project having reasonably comparable access to and surrender reasonably equivalent usable area as the Storage Space Space, provided that Landlord shall pay all expenses reasonably incurred in moving Tenant’s property to Landlord in good such new location; and broom clean condition. For all purposes under upon the Leaseexpiration of such 60-day written notice, the Storage Space new storage space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable covered by this terms of this Article 22. Tenant monthly in advance on the first day of every calendar month during the Termagrees to, unless terminated earlier as provided above. The Floor Area of at all times, maintain the Storage Space in neat and orderly condition and repair. Tenant acknowledges that Landlord shall nothave no obligation to provide any security, howeverservices, be included in Tenant’s Proportionate share maintenance, work or improvements whatsoever for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT Subject to the terms and conditions hereof, Tenant may terminate any such lease of Storage Space upon thirty (“Agreement”30) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCdays written notice to Landlord., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Samples: Office Lease (Internet Brands, Inc.)
Storage Space. In addition Throughout the Term of the Lease, Tenant shall have a right to lease from Landlord any storage space in the Leased PremisesProject which is available for lease. Initially, Landlord agrees that Tenant may use from shall lease 1,641 square feet of storage space in the area depicted on Exhibit O attached hereto and after the date that the same is delivered to Tenant made a part hereof (the “Initial Storage Delivery DateSpace”). Provided Landlord has the space available (with no obligation of Landlord to demise any space to create different sizes of storage space), Tenant shall have the right, at any time during the Term, to exchange the Initial Storage Space for other storage space in the Building (whether such space is larger or smaller than the Initial Storage Space) and to lease additional storage space from Landlord. Provided Landlord has the space available, Landlord shall deliver such storage space to Tenant within thirty (30) days of Tenant’s written request therefor. In addition, Tenant shall have the right to terminate the lease for the sole Initial Storage Space or any other storage space leased by Tenant upon the delivery of thirty (30) days prior written notice to Landlord (such termination shall not preclude Tenant from thereafter exercising its rights provided in this Section 20.30 to re-lease the Initial Storage Space or lease different storage space from Landlord; provided such Initial Storage Space or different storage space is available at such time). Hereinafter, the Initial Storage Space and express purpose of storage of items used in conjunction with Tenant’s business in any additions to or replacements thereof shall be referred to collectively as the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) . As of the date of this Lease, the annual rental rate for the Storage Space shall be Twelve Dollars per square foot ($12.00/sq. ft.). The rental rate for the Storage Space shall be subject to increases by Landlord from time to time (as and when such rates are increased by Landlord for similar storage space at the Project but in no event shall such increases exceed 2.5% per annum). Tenant shall use the Storage Space solely for the storage of materials, equipment, files, records and furniture related to the use of the Premises. Unless otherwise terminated as provided herein, the term for the Storage Space shall commence on the Commencement Date and shall expire on the Expiration Date. Landlord shall have the right to relocate the Storage Space to other space in the approximate location shown on Addendum II, Schedule 1 attached hereto, Project provided such space is of comparable size and provided Landlord pays the reasonable moving costs in accordance connection therewith. Landlord agrees to relocate Tenant only if Landlord needs the Storage Space in connection with all terms performing Landlord’s obligations under the Lease. In no event shall the Storage Space be included in the calculation of Tenant’s Share and Tenant shall not be obligated to pay Operating Costs for said space. Landlord shall not provide any services to the Storage Space other than elevator access to and lighting of the Lease except Storage Space, at no cost to Tenant (other than as specifically part of Operating Costs as provided hereinin this Lease). Tenant shall accept the Storage Space in its “as as-is” condition. Any alterations or improvements condition subject only to be performed by Tenant any latent defects in the Storage Space but excluding items of damage caused by Tenant or the Tenant Parties. Tenant shall be performed in accordance with plans obligated to maintain, at Tenant’s sole cost and specifications approved in advance by Landlordexpense, and in accordance with all applicable provisions of the Lease. Tenant may use the Storage Space throughout and, at the Termend of the term for the Storage Space, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the same condition as existed as of the date of this Lease, reasonable use, wear and tear thereof and repairs which are Landlord’s obligations under Articles 8, 14 and 15 only excepted. Tenant shall remove all debris and Tenant’s Property from the Storage Space upon such surrender. Tenant shall be deemed to be a not assign or sublet all or any part of the Leased Premises, except as otherwise provided Storage Space unless such assignment is made in this Addendumconnection with a Transfer consented to by Landlord (or a Permitted Transfer) pursuant to Article 7 herein. Tenant shall pay Landlord not be permitted to make any alterations or improvements to the following as Additional Rent Storage Space without the prior consent of Landlord, which may be withheld in Landlord’s sole discretion. Tenant shall maintain the same types and amounts of insurance for the Storage Space (as is required for the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier Premises. Except as provided above. The Floor Area in this Section 20.30 or implied by the terms hereof, all of covenants, conditions and obligations of Tenant set forth in the Storage Space Lease with respect to the Premises shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on apply to the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Storage Space. (a) In addition to the Leased PremisesPremises defined in Section 1.2 above, Landlord agrees that Tenant may use from and after the date that the same is delivered desires to lease to Tenant and Tenant desires to lease from Landlord additional space comprising approximately Five Hundred Fifty-Nine (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648559) rentable square feet of basement storage space, commonly known below grade space in the Building as Space #13200B shown on Exhibit A-3 attached hereto (hereinafter “referred to as the "Storage Space”) in "), on the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all of the terms and conditions of the Lease applicable to the Premises except as specifically set forth in this Paragraph 13.
(b) Tenant shall pay to Landlord Ten and No/100 Dollars ($10.00) per rentable square foot of space in the Storage Space with respect to the Storage Space throughout the Term of the Lease. Such monthly installments of storage rent shall hereinafter be referred to as "Monthly Storage Space Rent". The Monthly Storage Space Rent will constitute Additional Rent (as defined in the Lease) and shall be due and payable, without deduction or set off, on the first (1st) day of each calendar month during the Term of the Lease commencing January 1, 2005. Tenant's obligation to pay Monthly Storage Space Rent hereunder shall be abated from the period commencing on the Commencement Date and continuing until December 31, 2004. No other amounts other than Monthly Storage Space Rent shall be abated except as expressly provided elsewhere in the Lease. If Tenant defaults under the Lease after the expiration of any applicable notice and cure period prior to January 1, 2005, then Tenant shall no longer be entitled to any further abatement of Monthly Storage Space Rent. Monthly Storage Space Rent for any period during the term hereof which is for less than one (1) month shall be prorated based upon the actual number of days of the calendar month involved.
(c) Notwithstanding anything to the contrary contained in the Lease or herein, (i) the Base Rent payable with respect to the Premises set forth in Section 1.8 of the Lease shall not be applicable to the Storage Space; (ii) Monthly Storage Space Rent payable with respect to the Storage Space shall not be subject to annual escalations; (iii) neither Operating Expense increases as set forth in Section 5 of the Lease nor the Electric Energy Charge as set forth in Section 11.6 of the Lease shall be payable with respect to the Storage Space.
(d) Tenant shall use the Premises solely for storage of office supplies, files, UPS battery packs and product samples and for no other purposes whatsoever.
(e) All property placed in the Storage Space by Tenant, its agents, or any other persons, shall be and remain at the sole risk of Tenant, its agents or other persons. Landlord shall not be liable for any damage to, or theft or loss of, such property, whether or not caused by the act or omission of any person, including Landlord or its agent, or by the bursting, leaking or overflowing of water, sewer or sprinkler pipes, plumbing fixtures, or any other act or thing, unless such damage to, or theft or loss of, such property results directly from the negligence or willful misconduct of Landlord and then only to the extent that Tenant, its agents or any other persons, are not compensated therefor by Tenant's insurance. In no event shall Landlord or its agent be liable for consequential damages.
(f) Landlord shall deliver the Storage Space with full height walls, sprinklers, appropriate lighting and a secure locked door. Except as specifically provided herein. , Tenant shall hereby agrees to accept the Storage Space in its “"as is” condition. Any alterations or " condition existing on the Commencement Date and Landlord shall have no obligation to construct any tenant improvements to be performed by Tenant in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions on behalf of Tenant. Tenant is not entitled to any improvement allowance pursuant to the terms of the Lease. Tenant may use Landlord will not provide heat, air conditioning, water, char service or any other utility or service to the Premises and the provisions of Section 11 of the Lease shall not apply to the Storage Space throughout Space.
(g) Notwithstanding any provision herein or in the Term, whereupon Tenant shall vacate and surrender Lease to the Storage Space to Landlord in good and broom clean condition. For all purposes under the Leasecontrary, the Storage Space shall not be deemed to be a part counted in connection with, or applied to, the calculation of Tenant's Share set forth in Section 1.11 of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord Lease nor the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area calculation of the Storage Space number of parking spaces Landlord shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall allocate to Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).pursuant to Section 1.13
Appears in 1 contract
Samples: Standard Office Lease (Pdi Inc)
Storage Space. In addition Tenant hereby leases approximately 558 square feet of storage space on the ground level of the Building, which Storage Space will be approximately as shown on Exhibit F attached to the Leased Premises, Landlord agrees that Tenant may use from and after the date that the same is delivered to Tenant this Lease (the “Storage Delivery DateSpace”). Beginning on the Rent Commencement Date and during the Term as the same may be extended, for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided herein. Tenant shall accept pay Landlord annual rent for the Storage Space in its an amount equal to Twenty Dollars ($20.00) per square foot multiplied by the number of square feet contained in the Storage Space. The Storage Space rent shall be deemed a part of the additional rent owed by Tenant under the Lease and Tenant shall make monthly rental payments for the Storage Space at the same time, in the same form and otherwise in accordance with the terms set forth in the Lease for the payment of Annual Fixed Rent. No Expense Payment Amount shall be due or payable by Tenant on account of the Storage Space. Except as set forth in this Article to the contrary, Tenant shall lease the Storage Space upon the same terms and conditions as Tenant leases the Premises. Tenant accepts the Storage Space in “as is” condition. Any alterations or improvements condition as of the Term Commencement Date and Landlord shall have no obligation to be performed by Tenant provide any services in connection with the Storage Space, except that the Storage Space shall will be performed in accordance tendered to Tenant separately demised with plans drywall completed, with HVAC and specifications approved in advance by Landlordelectricity servicing the Storage Space, and otherwise in accordance with all applicable provisions of broom clean condition (the Lease“Storage Condition”). Tenant may use Upon delivering the Storage Space throughout to Tenant in Storage Condition, Landlord will have no obligation to make any improvements, repairs or alterations to the Term, whereupon Storage Space. Tenant shall vacate maintain the Storage Space at Tenant’s sole cost and expense. At the end of the Term or earlier termination hereof, Tenant shall surrender the Storage Space to Landlord in good and broom clean condition, normal wear and tear and damage by casualty and Landlord excepted. For Tenant will not operate any equipment (electrical or otherwise) in the Storage Space. Tenant shall not assign or sublet all purposes or any portion of the Storage Space except in connection with any assignment of this Lease or sublease of the Premises permitted under the Lease, . Tenant’s insurance requirements set forth in the Lease shall also apply with respect to the Storage Space. Tenant shall have the use of the Storage Space for non-perishable and non-Hazardous Substances for the storing of personal property of Tenant and for no other purpose. Notwithstanding anything in this Section 12.1 to the contrary, effective as of and following the expiration of the third (3rd) Lease Year, Tenant shall be deemed entitled, upon no less than six (6) months prior written notice to be a part Landlord to terminate the lease of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space to be effective as early as the expiration of the third (3rd) Lease Year, in which event the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area lease of the Storage Space shall not, however, be included terminate as of the date set forth in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCnotice., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Samples: Lease Agreement (Pegasystems Inc)
Storage Space. In addition to the Leased Premises, Landlord agrees that Tenant may use from and after the date that the same is delivered to Upon no less than thirty (30) days prior written request by Tenant (the “Storage Delivery DateSpace Request”), for and subject to availability on a first come, first-served basis, except to the sole and express purpose of extent expressly set forth herein, Tenant shall have an option to lease storage of items used space in conjunction with Tenant’s business in the Leased PremisesProject (each, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter a “Potential Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of during the Lease except as specifically provided hereinTerm. Tenant shall accept the Following Landlord’s receipt of Tenant’s Storage Space in its “as is” condition. Any alterations or improvements to be performed by Request, Landlord shall notify Tenant in the writing (“Landlord’s Storage Space shall be performed in accordance with plans and specifications approved in advance by LandlordNotice”) as to what Potential Storage Space(s), if any, is available for Lease, and in accordance with all the size and then-current Building standard rental rate applicable provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the such Potential Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The ), which Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day subject to escalation of every calendar month three percent (3%) per annum during the Term, unless terminated earlier as provided above. The Floor Area remainder of the then current Lease Term. Tenant may lease any Potential Storage Space described in Landlord’s Storage Notice by delivering written notice to Landlord of Tenant’s election to lease such Potential Storage Space (“Tenant’s Storage Acceptance Notice”) delivered to Landlord within ten (10) business days following Landlord’s delivery of Landlord’s Storage Notice to Tenant. In the event that Landlord’s Storage Notice provided that more than one Potential Storage Space was available for lease by Tenant, then Tenant’s Storage Acceptance Notice shall identify which Potential Storage Space(s) Tenant has elected to lease. In the event that Tenant delivers a Tenant’s Storage Acceptance Notice to Landlord, the term for the applicable Potential Storage Space shall notbe co-terminus with the then-current Lease Term of this Lease. Landlord and Tenant shall enter into Landlord’s standard commercially reasonable storage space lease agreement (the “Storage Agreement”) with respect to Tenant’s lease of any Potential Storage Space, or, in the event that Tenant and Landlord have already entered into a Storage Agreement, then the parties shall enter into an amendment thereto adding such additional Potential Storage Space to any storage space previously leased by Tenant pursuant to this Section 29.48. Tenant shall execute and return the Storage Agreement (or amendment thereto, as applicable) to Landlord within thirty (30) days after receiving it. If Tenant fails to execute and deliver the Storage Agreement within such thirty (30) day period, then Landlord may lease such Potential Storage Space to any third party. In the event that Tenant delivers a Storage Space Request but, due to unavailability of any Potential Storage Space, Landlord is unable to provide Tenant with any Potential Storage Space at such time, Landlord shall so notify Tenant. Subject to Landlord’s compliance with the TCCs of this Section 29.48, the unavailability of such Potential Storage Space for Tenant’s use shall not subject Landlord to any liability for any loss or damage resulting therefrom or entitle Tenant to any credit, abatement or adjustment of rent or other sums payable under this Lease but Tenant may once again deliver a Storage Request pursuant to the terms of this Section 29.48. Landlord hereby acknowledges that the following storage spaces are available for lease as of the Effective Date at a Storage Space Rent of Thirty and No/100 Dollars ($30.00) per square foot: Xxxx 00XX (245 square feet), Xxxx 00XX (000 xxxxxx xxxx), Xxxx 00XX (196 square feet), Unit 00BI (373 square feet), Xxxx 00XX (000 xxxxxx xxxx), Xxxx 00XX (128 square feet) and Unit STRI (133 square feet) (collectively, the “Initially Available Storage Space”). Notwithstanding anything to the contrary in the foregoing, within thirty (30) days after the Phase II Premises Lease Commencement Date (such date is hereinafter referred to as the “Initial Storage Election Deadline”), Tenant shall deliver written notice to Landlord (a “Initial Storage Election Notice”) specifying which Initially Available Storage Space Tenant has elected to rent. If Tenant fails to timely deliver an Initial Storage Election Notice, Tenant’s rights to any Potential Storage Space (including any Initially Available Storage Space) shall be as otherwise set forth in this Section 29.48. Landlord shall not lease any of the Initially Available Storage Space to any other party during the period commencing as of the Phase II Premises Lease Commencement Date and ending as of the Initial Storage Election Deadline. In addition and notwithstanding anything to the contrary in the foregoing, if any Potential Storage Space becomes available for lease during the Lease Term, Landlord shall provide Tenant with a courtesy notice of such available Potential Storage Space promptly upon Landlord’s determination that such Potential Storage Space will be available for lease, including its location, size, monthly rental and date upon which it will be available for lease; provided, however, that Landlord’s failure to provide such courtesy notice shall not be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, deemed a California limited liability company, by its managing member, STREET RETAIL, INCdefault hereunder., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Samples: Office Lease (Okta, Inc.)
Storage Space. In addition to the Leased Premises, Landlord agrees that Tenant may use from A. From and after the date that Rent Commencement Date, Tenant shall have the same is delivered right, subject to Tenant the terms and conditions of this Section VI, to lease the storage and auxiliary spaces identified on Schedule E-1 attached hereto and made a part hereof (the “Storage Delivery DateSpace”), for . Landlord may prepare and Tenant will execute a separate storage space agreement that is consistent with the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided hereinthis Section VI and otherwise mutually acceptable to Landlord and Tenant. Tenant shall accept will pay rent for the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in the Storage Space shall be performed in accordance with plans at an annual rate of Twelve and specifications approved in advance by Landlord, and in accordance with all applicable provisions 00/100 Dollars ($12.00) per rentable square foot of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): ), except Tenant shall have no obligation to pay Landlord any rent for the use of the space in the MPOP (as defined below). The Storage Space Rent Period Annually Monthly Storage Delivery shall increase at a rate of Twenty-Five Cents ($0.25) per year on the first anniversary of the Rent Commencement Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 and each subsequent anniversary thereafter (or, if a separate storage space agreement is entered into, on the first anniversary of the commencement date of the separate storage space agreement and each subsequent anniversary thereafter). The Storage Space Rent shall be due payable in monthly installments at the same times and payable in the same manner as the payment of Rent under the Lease. The Storage Space will be leased to and accepted by Tenant monthly in advance its current “as is”, “as-built” condition, without any obligation by Landlord to make any modifications or improvements to the Storage Space.
B. The Storage Rooms (as defined on Schedule E-1) shall be used by Tenant for the storage of equipment, inventory or other non-perishable items normally used in Tenant’s business, and for no other purpose whatsoever. Tenant agrees to keep the Storage Rooms in a neat and orderly fashion and to keep all stored items in cartons, file cabinets or other suitable containers. All items stored in the Storage Rooms shall be elevated at least 6 inches above the floor on wooden pallets, and shall be at least 18 inches below the bottom of all sprinklers located in the ceiling of the Storage Rooms, if any. Tenant shall not store anything in the Storage Rooms which is unsafe or which otherwise may create a hazardous condition, or which may increase Landlord’s insurance rates, or cause a cancellation or modification of Landlord’s insurance coverage. Without limitation, Tenant shall not store any flammable, combustible or explosive fluid, chemical or substance nor any perishable food or beverage products, except with Landlord’s prior written approval. Landlord reserves the right to adopt and enforce reasonable rules and regulations governing the use of the Storage Rooms from time to time. Upon expiration or earlier termination of the Term of this Lease, Tenant shall completely vacate and surrender the Storage Rooms to Landlord in the condition that existed on the first day Effective Date, ordinary wear and tear excepted, broom-clean and empty of every calendar month all personalty and other items placed therein by or on behalf of Tenant. Tenant’s sole access to Storage Room 3103A is through storage spaces 3103 and 3151, which Landlord leases to U.S. Bank. Landlord has been advised that Tenant intends to continue to access Storage Xxxx 0000X through storage spaces 3103 and 3151 during the Term of this Lease and any extension thereof subject to the consent of U.S. Bank. Tenant acknowledges and agrees that Landlord will have no liability to Tenant in the event U.S. Bank restricts or prevents Tenant’s access to or use of Storage Xxxx 0000X. If U.S Bank restricts or prevents Tenant’s access to or use of Storage Xxxx 0000X, on not less than thirty (30) days written notice to Landlord, this Lease shall be terminated with respect to Storage Xxxx 0000X.
C. All terms and provisions of the Lease shall be applicable to the Storage Rooms, including, without limitation, Article XIV (Indemnity and Waiver of Claims) and Article XV (Tenant’s Insurance), except that, with respect to the Storage Rooms, Tenant shall not be obligated to pay any Rent (except as provided in Paragraph A of this Section VI), Landlord need not supply air-cooling, heat, water, janitorial service, cleaning, passenger or freight elevator service, window washing or electricity to the Storage Rooms and Tenant shall not be entitled to any allowances, rent credits, or expansion rights with respect to the Storage Rooms. Landlord shall not be liable for any theft or damage to any items or materials stored in the Storage Rooms, it being understood that Tenant is using the Storage Rooms at its own risk. The Storage Rooms shall not be included in the determination of Tenant’s Pro Rata Share under the Lease nor shall Tenant be required to pay Expenses in connection with the Storage Rooms.
D. At any time and from time to time, Landlord shall have the right, on not less than sixty (60) days prior written notice to Tenant, to relocate the Storage Rooms to a new location in the Building which shall be no smaller than the square footage of the Storage Rooms. Landlord shall pay the direct, out-of-pocket, expenses of such relocation.
E. With respect to the Auxiliary Rooms (as defined on Schedule E-1), Landlord shall deliver the Auxiliary Rooms in their current “as is” condition and configuration, which shall include the levels and capacities of power, cooling and other mechanical equipment which are allocated to or used by Tenant as of the Effective Date. All terms and provisions of this Lease shall be applicable to the Auxiliary Rooms, including, without limitation, Article XIV (Indemnity and Waiver of Claims) and Article XV (Tenant’s Insurance), except that Tenant shall not be obligated to pay any Rent (except as provided in Paragraph A of this Section VI) and Tenant shall not be entitled to any allowances, rent credits, or expansion rights with respect to the Auxiliary Rooms. Tenant may also use the Auxiliary Rooms for storage space purposes and/or such other installations relating to Tenant’s use of the Premises in compliance with the terms of the Lease. Without limitation to the other requirements of the Lease, Landlord and Tenant acknowledge and agree that (a) as of June 1, 2014, the major point of presence room located on Floor Parking Level One (P1) of the Building (the “MPOP”) shall be included in the definition of Common Areas, (b) Tenant’s right to use space in the MPOP are non-exclusive and in common with Landlord and other Building occupants, and (c) Tenant may use space in the MPOP for the purpose of maintaining, operating and replacing, from time to time, telephone, data, cabling, hubs (including a fiber optics hub), switches, and other telecommunications items and equipment; provided, however, Tenant shall not have the right to install any additional equipment or expand the existing equipment in the MPOP (collectively, “Communications Equipment”). Tenant acknowledges that the Communications Equipment in the MPOP is not secured and Landlord shall have no liability to cause the Communications Equipment to be secured or for any damage to or tampering with any of the Communications Equipment. Further, Tenant also has certain Communications Equipment located in storage room P1B01 (the “APOP Room”) which Landlord leases to U.S. Bank. Landlord has been advised that Tenant intends to use space in APOP room during the Term of this Lease and any extensions thereof subject to the consent of U.S. Bank. Tenant acknowledges and agrees that Landlord will have no liability to Tenant in the event U.S. Bank restricts or prevents Tenant’s access to or use of the APOP Room. The Auxiliary Rooms shall not be included in the determination of Tenant’s Pro Rata Share under this Lease nor shall Tenant be required to pay Expenses in connection with the Auxiliary Rooms.
F. At any time during the Term, unless terminated earlier Tenant may surrender any of the Storage Spaces to Landlord in accordance with the terms of this Lease on not less than thirty (30) days prior written notice to Landlord.
G. If Tenant assigns the Lease or sublets all or any part of the Premises (other than in connection with a Permitted Transfer, as provided abovedefined in Article XII of the Lease or to an Approved User), Landlord, at its option, on thirty (30) days notice to Tenant, may terminate Tenant’s rights to a that percentage of the Storage Rooms that is equal to the percentage of the Premises that is sublet (rounded to the nearest 25th percent). The Floor Area Additionally, notwithstanding anything set forth in Article XII of the Lease to the contrary, except in connection with a Permitted Transfer, Approved User or other Transfer approved by Landlord, Tenant shall not, without the prior written consent of Landlord, which consent may be withheld in Landlord’s sole discretion, assign, sublease, transfer or encumber the Storage Rooms or grant any license, concession or other right of occupancy or permit the use of the Storage Space shall not, however, be included in by any party other than Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).Exhibit E – Page 15
Appears in 1 contract
Storage Space. In addition 32.1 Upon completion of the Building design, and following the determination by Landlord of the location and amount of storage space to be available in any below-grade levels of the Leased PremisesBuilding, Landlord agrees that Tenant may use from and after the date that the same is delivered shall give written notice to Tenant (the “Storage Delivery DateAvailability Notice”), for ) of the sole size and express purpose location of all storage of items used in conjunction with Tenant’s business space in the Leased PremisesBuilding. By written notice delivered to Landlord not later than twenty (20) days after Landlord gives Tenant the Storage Availability Notice, approximately six Tenant shall have the right to elect to lease from Landlord during the Lease Term, up to the greater of (i) fifty percent (50%) of the storage space in the Building as specified in the Storage Availability Notice, or (ii) fifteen hundred forty-eight (6481,500) square feet of basement storage space, commonly known as Space #13200B the location and configuration of which shall be designated in an amendment to this Lease (hereinafter the “Storage Spacey”). If Tenant timely elects to lease the Storage Space”) in , then the approximate location shown following provisions of this Article shall apply. Commencing on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided herein. Commencement Date, Tenant shall accept the pay annual Base Rent for such Storage Space in its “as is” condition. Any alterations or improvements an amount equal to be performed Twenty Dollars ($20.00) multiplied by Tenant the total number of square feet of area in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the such Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The ). Beginning on the first day of the second (2nd) Lease Year, and on the first day of each and every Lease Year thereafter, such annual Storage Space Rent shall be due increased by an amount equal to two and one-half percent (2.5%) of the annual Storage Space Rent in effect during the immediately preceding Lease Year. The annual Storage Space Rent shall be payable by Tenant in equal monthly installments in advance on the first day of every calendar month during each month. Except as otherwise specified herein, all of the Termterms, unless terminated earlier as provided abovecovenants, conditions and provisions of this Lease, except those contained in Section 4.1 and Exhibit B, shall apply to such Storage Space. The Floor Area Landlord shall, at Landlord’s expense, partition the perimeter boundaries of the Storage Space shall notSpace, howeverand provide lighting and a door, be included in frame and hardware with building standard lock set (keyed for Tenant’s Proportionate share use only), but Landlord shall not be obligated to provide any other alterations or improvements to or for purposes of calculating Tax Rent such Storage Space. In addition, Landlord shall not be obligated to furnish any utilities or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on services to such Storage Space except for electricity reasonably sufficient for lighting the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT Tenant shall use any such Storage Space exclusively for storage purposes consistent with a Class A office building and for no other use or purpose and otherwise in accordance with this Lease (“Agreement”) made this 27 day and in no event shall employees of FebruaryTenant or other persons occupy or work from such Storage Space). Furthermore, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCin no event shall Tenant store materials that may attract rodents or other pests in the Storage Space., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Storage Space. In addition to the Leased Premises described in the Lease, commencing on May 1, 2015 (“Additional Storage Space Commencement Date”) Landlord hereby rents and leases to Tenant, and Tenant hereby rents and leases from Landlord, the Additional Storage Space, upon the same terms and conditions as contained in the Lease for the lease of the Premises, except as follows:
a. Tenant shall pay monthly rent to Landlord agrees that Tenant may use from and after the date that the same is delivered to Tenant (the “Storage Delivery Date”), for the sole Additional Storage Space as and express purpose of storage of items used in conjunction with Tenant’s business when Base Rent is due under the Lease in the Leased Premisesamount of $661.35 per month. Base Rent shall be escalated by annually by 2% beginning July 1, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms 2016;
b. The lease term of the Lease except as specifically provided herein. Tenant shall accept the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in the Additional Storage Space shall expire and be performed in accordance co-terminus with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions the Lease of the Lease. Premises, as it may be extended from time to time;
c. Tenant may use the Additional Storage Space throughout only as a storage area and people may not be assigned to work therein on a full-time basis;
d. Landlord shall provide only the Term, whereupon Tenant shall vacate and surrender following services to the Additional Storage Space to Landlord in good and broom clean conditionSpace:
i. electricity; and
ii. For all purposes under the Lease, the Janitorial service for common areas;
e. The Additional Storage Space shall not be deemed to included in determining the number of parking spaces; and
f. Tenant accepts such Additional Storage Space on an "AS IS, WHERE IS" basis, "WITH ALL FAULTS" and without any representations and warranties whatsoever, and no work or improvements or any allowance therefor shall be a part of the Leased Premises, except as otherwise provided in this Addendumrequired from Landlord for such Additional Storage Space. Tenant shall pay Landlord not make any improvements or alterations to the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCwithout Landlord's consent., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Storage Space. In addition to Effective as of the Leased PremisesSecond Floor Commencement Date, Landlord agrees that hereby leases to Tenant certain additional space containing approximately 1,000 rentable square feet in such areas as more particularly designated on Schedule X- 0 xxxxxxxx hereto. In addition, Landlord hereby grants to Tenant the right to lease certain additional storage space in such areas of the Project as are designated for storage by Landlord on a first-come, first-served basis (the initial storage space and additional storage space leased to Tenant by Landlord, if any, are collectively the "Storage Space"). Tenant may use exercise its option to lease additional Storage Space from and after time to time throughout the date that the same is delivered to Tenant (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms term of the Lease except as specifically provided herein. Tenant shall accept by giving written notice to Landlord of its desire to lease the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in the Storage Space same, which notice shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions conditioned upon the availability of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendumdesired space. Tenant shall pay Landlord the following as Additional Rent an annual rental for the Storage Space (the “"Storage Rent") equal to $10.25 per rentable square foot of GLA of the Storage Space, adjusted annually at the rate of 2 1/2% per annum. The Lease Years for Storage Space Rent”): shall be concurrent with the Lease Years for the Premises. No janitorial or trash removal services shall be provided to the Storage Space. No other charges shall be applied, as Additional Rent Period Annually Monthly or otherwise, to the Storage Delivery Date Space, except for charges incurred by Landlord in enforcing its rights relating to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The the Storage Space Rent under this Lease, in accordance with the terms of this Lease. The Tenant shall be due and payable by Tenant monthly in advance on have the first day of every calendar month option, exercisable at any time during the Term, unless terminated earlier to cancel its lease of the Storage Space, upon thirty (30) days' prior written notice to the Landlord. Except as provided above. The Floor Area in this Section 2.1(b), the terms and conditions of Tenant's occupancy of the Storage Space shall not, however, be included as set forth in Tenant’s Proportionate share this Lease. The Storage Space shall be leased in its absolute "AS IS" condition. There shall also be no core factor for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT Space (“Agreement”) made this 27 day of Februaryi.e., 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”the usable areas shall be equal to the rentable area).
Appears in 1 contract
Storage Space. In At any time, from time to time, during the term of this Lease, and provided there shall not have occurred an Event of Default, Tenant may, in addition to the Leased Premises, Landlord agrees that Tenant may use from and after the date that the same is delivered storage space leased to Tenant pursuant to the last sentence of this Section I, upon thirty (the “Storage Delivery Date”)30) days prior written notice to Landlord, for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) elect to use up to 2,000 additional square feet of space in the basement of the Building, which may be used by Tenant for storage only and for no other purpose, provided, however, such space is available, which availability shall be determined by Landlord in Landlord's sole discretion. Tenant's notice shall also state the term for which Tenant elects to lease such storage space. In consideration therefor, commonly known as Space #13200B commencing on the date which is thirty (hereinafter “Storage Space”30) in days after Tenant has delivered the approximate location shown on Addendum IIaforesaid notice (provided Landlord has consented to the availability of such space), Schedule 1 attached heretoTenant shall pay to Landlord, in accordance with addition to Rent and all terms of the Lease except as specifically provided herein. Tenant shall accept the Storage Space in its “as is” condition. Any alterations or improvements to be performed other sums payable by Tenant in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, a per annum amount, payable in equal monthly installments, equal to the Storage Space product of (x) the number of square feet leased, multiplied by (y) the then applicable rate per square foot of fixed base Rent, multiplied by (z) 50%. Such storage space shall be deemed held by Tenant subject to be a part all of the Leased Premisesterms, covenants and conditions of this Lease except as otherwise provided (i) no escalations under Article 28 shall be payable by Tenant in this Addendum. respect thereof, (ii) Tenant shall pay have no right to make any Alterations to such storage space and (iii) Landlord shall have no obligations to provide any services or make any repairs in respect of such storage space. Notwithstanding the following as Additional Rent for foregoing, Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, 500 square feet of space in the Storage Space basement of the Building upon all of the terms of this Section I except that (a) Landlord hereby waives the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date thirty (30) day notice requirement with respect to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space such space and (b) no Rent shall be due and payable by Tenant monthly in advance on respect of such space until the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCCommencement Date., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Samples: Lease Agreement (Viatel Inc)
Storage Space. In addition to Tenant’s rights to lease the Leased PremisesStorage Premises in accordance with the terms of Section 29.30 of the Office Lease, Landlord agrees that Tenant may use from and after shall be entitled, at any time following the date that commencement of construction within the same is delivered Improvement Space, but subject to Tenant availability, to lease up to an additional 3,000 square feet of storage space (which may, at Landlord’s option, be provided in up to two (2) increments) (the “Additional Storage Delivery DatePremises”). In no event shall Landlord be required to perform any demolition or tenant improvement work or convert any space (whether then comprised of office space, retail space, parking or other non- storage space) to storage space for purposes of providing the same to Tenant. In the event that Landlord shall rent Additional Storage Premises to Tenant in accordance with the terms hereof, Tenant shall pay to Landlord, monthly storage rent in an amount equal to $0.75 per square foot per month for the sole and express purpose first year of such lease, with three percent (3%) annual increases thereafter. All storage of items used in conjunction rent shall be due on a monthly basis concurrently with Tenant’s business payment of the Base Rent due with respect to the Premises, and shall constitute Additional Rent under the Lease, as amended hereby. Tenant shall give prompt notice to Landlord in case of fire or accidents in or about the Additional Storage Premises or of defects therein or in the Leased fixtures or equipment related thereto. Tenant acknowledges and agrees that Landlord shall have no obligation to provide any security for the Additional Storage Premises. Notwithstanding the foregoing, approximately six hundred forty-eight (648) square feet Landlord hereby acknowledges and agrees that the access control services provided by Landlord pursuant to the terms of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms Section 6.1.7 of the Lease except shall apply with respect to Tenant’s lease of the Additional Storage Premises to the extent the Additional Storage Premises are located in the Building and not the “6310 Building,” as specifically provided hereinthat term is defined below. The Additional Storage Premises, if leased by Tenant, shall be leased by Tenant shall accept the Storage Space in its then existing, “as as-is” condition. Any alterations Tenant shall be fully responsible for repairing any damage to the Additional Storage Premises to the extent such damage results from or improvements relates to Tenant’s use thereof. Tenant’s insurance obligations under the Lease shall also pertain to Tenant’s use of the Storage Premises. The exact location of the Additional Storage Premises shall be performed determined by Landlord in its sole and absolute discretion and may be located in the Building and/or in the building located at 6000 Xxx Xxxxxxx Xxxxxxxxx (the “6310 Building”). Tenant hereby acknowledges and agrees, however, that (i) the 6310 Building is currently owned by an affiliate of Landlord and that any rights to storage space in the 6310 Building shall terminate to the extent that such affiliate of Landlord shall sell the 6310 Building, and (ii) to the extent Tenant shall lease storage space pursuant to the terms hereof in the 6310 Building, Tenant shall execute commercially reasonable documentation consistent with the terms of this Section 6 which may be provided by Landlord or Landlord’s affiliate in connection with Tenant’s lease of storage space at the 6310 Building. Tenant hereby acknowledges that, to the extent Additional Storage Space is not available as set forth herein, Landlord shall have no liability to Tenant in connection therewith and all of the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions terms of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant as amended hereby, shall vacate remain in full force and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCeffect., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Samples: Office Lease (EMAK Worldwide, Inc.)
Storage Space. In addition Tenant shall have the right to occupy approximately 15,000 square feet of space on the lower level of the Building as identified on Exhibit B-1 hereto (the "Storage Space") to be used for storage in connection with Tenant's business. The term with respect to the Leased Premises, Landlord agrees that Tenant may use from and after Storage Space shall commence on the date that on which Landlord makes the same is delivered Storage Space available to Tenant (the “"Storage Delivery Space Commencement Date”), ") and shall terminate on the Expiration Date. Tenant shall not pay any Fixed Annual Rent for the sole and express use of the Storage Space, but except as otherwise provided in this Section 20.27, all of the other provisions of this Lease shall apply as if the Storage Space were a part of the Premises, except that the Storage Space shall not be included in the calculation of Rentable Square Feet for the purpose of storage of items used in conjunction with determining Tenant’s business in 's Share. Tenant shall pay to Landlord as an additional charge for electricity supplied to the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, an amount determined in accordance with all terms Article 16 of this Lease; provided, however, that if the Lease except Storage Space is not separately metered, then such charge shall be equal to Landlord's actual costs of providing electricity to the Storage Space, as specifically provided hereinreasonably allocated by Landlord based on a submeter or other reasonable allocation. Landlord shall not be required to provide any services (such as, without limitation, cleaning) to the Storage Space, and the Storage Space shall not be included in calculating Tenant's Share. Tenant shall accept the Storage Space in its “"as is” " condition. Any Tenant shall be permitted to make alterations or improvements to be performed by Tenant in the Storage Space at Tenant's sole expense, subject to the conditions set forth in Article 8 of this Lease, provided that Tenant shall be performed remove any such alterations as directed by Landlord at the termination of this Lease, to the extent that Landlord so requires in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the LeaseArticle 8. Tenant may use Tenant's right to occupy the Storage Space throughout hereunder is a license otherwise upon the Termsame terms and conditions set forth in this Lease, whereupon revocable by Landlord at any time upon the occurrence of an Event of a Default by Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the terms of this Lease, the Storage Space and shall not be deemed construed to be a part lease of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCsuch space., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Samples: Lease Agreement (Etre Reit, LLC)
Storage Space. In addition Tenant shall have the right to occupy approximately 15,000 square feet of space on the lower level of the Building as identified on Exhibit B-1 hereto (the “Storage Space”) to be used for storage in connection with Tenant’s business. The term with respect to the Leased Premises, Landlord agrees that Tenant may use from and after Storage Space shall commence on the date that on which Landlord makes the same is delivered Storage Space available to Tenant (the “Storage Delivery Space Commencement Date”), ) and shall terminate on the Expiration Date. Tenant shall not pay any Fixed Annual Rent for the sole and express use of the Storage Space, but except as otherwise provided in this Section 20.27, all of the other provisions of this Lease shall apply as if the Storage Space were a part of the Premises, except that the Storage Space shall not be included in the calculation of Rentable Square Feet for the purpose of storage of items used in conjunction with determining Tenant’s business in Share. Tenant shall pay to Landlord as an additional charge for electricity supplied to the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, an amount determined in accordance with all terms Article 16 of this Lease; provided, however, that if the Lease except Storage Space is not separately metered, then such charge shall be equal to Landlord’s actual costs of providing electricity to the Storage Space, as specifically provided hereinreasonably allocated by Landlord based on a submeter or other reasonable allocation. Landlord shall not be required to provide any services (such as, without limitation, cleaning) to the Storage Space, and the Storage Space shall not be included in calculating Tenant’s Share. Tenant shall accept the Storage Space in its “as is” condition. Any Tenant shall be permitted to make alterations or improvements to be performed by Tenant in the Storage Space at Tenant’s sole expense, subject to the conditions set forth in Article 8 of this Lease, provided that Tenant shall be performed remove any such alterations as directed by Landlord at the termination of this Lease, to the extent that Landlord so requires in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the LeaseArticle 8. Tenant may use Tenant’s right to occupy the Storage Space throughout hereunder is a license otherwise upon the Termsame terms and conditions set forth in this Lease, whereupon revocable by Landlord at any time upon the occurrence of an Event of a Default by Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the terms of this Lease, the Storage Space and shall not be deemed construed to be a part lease of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCsuch space., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Storage Space. A. During the initial Term and any renewal thereof, Landlord agrees to lease to Tenant and Tenant accepts the space containing approximately (a) 800 square feet on the ground floor of the Building, (b) 400 square feet on the ground floor of the Building, and 65 square feet on the ground floor of the Building, as shown on EXHIBIT A-5 attached hereto (collectively, the "Storage Space"). However, notwithstanding the foregoing, the portion of the Storage Space described above containing approximately 400 rentable square feet shall not be leased to Tenant until such space becomes available, which is scheduled to occur on or about February 1, 2000. Further, the portion of the Storage Space containing 65 square feet described above is available for lease to Tenant only if Tenant pays Landlord the reasonable cost to install a demising wall and door to separately demise such space. In addition to the Leased PremisesStorage Space described above, Landlord agrees that Tenant may use from and after the date that the same is delivered shall have an option to Tenant (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, lease an additional approximately six hundred forty-eight (648) 800 square feet of basement storage space, commonly known located on the ground floor of the Building as Space #13200B shown on EXHIBIT A-6 attached hereto (hereinafter “the "Option Storage Space”") in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided hereinwhen such Option Storage Space becomes available. Tenant shall accept exercise the foregoing option as follows: When Landlord informs Tenant that the Option Storage Space is available for lease by Tenant (but prior to leasing the Option Storage Space to any party other than the current occupant of such space or its successors or assigns), Tenant may elect to lease such space, upon the terms and conditions contained in this Section VII (in which event, the Option Storage Space shall be included within the definition of Storage Space hereunder), by providing written notice to Landlord within 7 days after Tenant's receipt of the notice from Landlord. Failure to provide such written notice to Landlord within the 7 day period shall be deemed a waiver of Tenant's option rights with respect to the Option Storage Space. The Storage Space shall be used by Tenant for the storage of equipment, inventory or other non-perishable items normally used in Tenant's business, and for no other purpose whatsoever. Tenant agrees to keep the Storage Space in its “as is” conditiona neat and orderly fashion and to keep all stored items in cartons, file cabinets or other suitable containers. Any alterations or improvements to be performed by Tenant All items stored in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlordelevated at least 6 inches above the floor on wooden pallets, and shall be at least 18 inches below the bottom of all sprinklers located in accordance with all applicable provisions the ceiling of the LeaseStorage Space, if any. Tenant may use shall not store anything in the Storage Space throughout the Termwhich is unsafe or which otherwise may create a hazardous condition, whereupon or which may increase Landlord's insurance rates, or cause a cancellation or modification of Landlord's insurance coverage. Without limitation, Tenant shall not store any flammable, combustible or explosive fluid, chemical or substance nor any perishable food or beverage products, except with Landlord's prior written approval. Landlord reserves the right to adopt and enforce reasonable rules and regulations governing the use of the Storage Space from time to time. Upon expiration or earlier termination of this Lease or Tenant's rights under this Section, Tenant shall completely vacate and surrender the Storage Space to Landlord in good and broom clean conditionaccordance with the terms of this Lease. For all purposes under the LeaseWithout limitation, Tenant shall leave the Storage Space shall be deemed in the condition in which it was delivered to be a part Tenant, reasonable wear and tear excepted, broom-clean and empty of the Leased Premises, except as otherwise provided in this Addendum. all personalty and other items placed therein by or on behalf of Tenant.
B. Tenant shall pay Landlord the following as Additional Rent rent for the Storage Space ("Storage Rent") in the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and sum of $12.00 per square foot, per month, payable by Tenant monthly in advance on or before the first day of each month of the Term. Any partial month shall be appropriately prorated. Upon each and every calendar month anniversary of the Commencement Date during the Terminitial Term and any renewal thereof, unless terminated earlier as provided abovethe Storage Rent shall increase by 2%, rounded to the nearest dollar, from the rate in effect at the end of the immediately preceding year. All Storage Rent is deemed Rent under this Lease. The Floor Area Storage Rent shall be payable in the same manner that Base Rent is payable under the Lease.
C. All terms and provisions of the Lease shall be applicable to this Agreement, including, without limitation, Article XIV (Indemnity and Waiver of Claims) Article XV (Tenant's Insurance), and Article XXI (Limitation of Liability) except that Landlord need not supply air-cooling, heat, water, janitorial service, cleaning, passenger elevator service, window washing or electricity (other than electricity for standard storage space overhead lighting) to the Storage Space and Tenant shall not be entitled to any work allowances, rent credits, expansion rights or renewal rights with respect to the Storage Space unless such concessions or rights are specifically provided for herein with respect to the Storage Space. Other than in connection with, and to the extent of, Landlord's gross negligence and willful misconduct, Landlord shall not be liable for any theft or damage to any items or materials stored in the Storage Space, it being understood that Tenant is using the Storage Space at its own risk. Any default by Tenant under the Lease remaining uncured for a period extending beyond the expiration of any applicable cure period shall be a default under this Section VII; any default by Tenant under this Section VII shall be a default under this Lease; and the provisions of the Lease with respect to Tenant defaults shall apply to any default by Tenant hereunder. The Storage Space shall not be included in the determination of Tenant's Pro Rata Share under the Lease nor shall Tenant be required to pay Expenses or Taxes in connection with the Storage Space.
D. Tenant agrees to accept the Storage Space in its condition and "as-built" configuration existing on the earlier of the date Tenant takes possession of the Storage Space or the Commencement Date.
E. At any time and from time to time, Landlord shall not, however, have the right to relocate the Storage Space to a new location which shall be included in Tenant’s Proportionate share for purposes no smaller than the square footage of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT Landlord shall pay the direct, out-of-pocket, reasonable expenses of such relocation.
F. If Tenant assigns the Lease or sublets all or any part of the Premises other than to a Permitted Transferee (“Agreement”) made as described in Article XII of this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”Lease), and SI-BONELandlord, INCat its option, may cancel Tenant's rights under this Section VII effective as of 30 days after notice to Tenant. Additionally, notwithstanding anything set forth in Article XII of the Lease to the contrary, Tenant shall not, without the prior written consent of Landlord, which consent may be withheld in Landlord's sole discretion, assign, sublease, transfer or encumber the Storage Space or grant any license, concession or other right of occupancy or permit the use of the Storage Space by any party other than Tenant or a Permitted Transferee., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Storage Space. (a) Landlord hereby leases to Tenant and Tenant hereby leases from Landlord (i) those certain storage areas located on the lower level of the Building in the area labelled “Expansion Storage Space” on Attachment E hereto, expressly excluding the area therein labelled “Telco” on Attachment E (the “Expansion Storage Space”), and (ii) those two (2) certain storage areas located on the lower level of the Building in the areas labelled “Post Single Tenant Date Storage” on Attachment E hereto (the “Post Single Tenant Date Storage”), in the respective as-is condition thereof on the date Tenant is first permitted to access the same. In addition thereto, the Occupancy License hereby is deemed to be terminated effective as of the Leased Premisesday immediately preceding the Amendment Date, Landlord agrees that Tenant may use and from and after the date Amendment Date, the storage areas that were licensed pursuant to the same Occupancy License (i.e., storage areas B108 and B111) hereby are deemed to be leased pursuant to the Lease (as amended hereby) as part of the Existing Storage Space, in the as-is delivered condition thereof as of the Amendment Date, for a Term that is coterminous with remainder of the Existing Storage and on all terms and conditions of the Lease (as amended hereby) that are applicable with respect thereto. The Expansion Storage Space and the Post Single Tenant Date Storage, together with the Existing Storage Space leased by Tenant as of the Amendment Date (which Existing Storage Space, totaling approximately 2,247 square feet in the aggregate, is located on the lower level of the Building in the areas labelled “Existing Storage Space” on Attachment E hereto), comprises all of the storage space for tenants located in the Building as of the Amendment Date. The Term with respect to the Expansion Storage Space shall commence on the Amendment Date (and Tenant shall be permitted access to the Expansion Storage Space from and after such date), and shall continue for the remainder of the Fourteenth Amendment Extension Term (and any extension thereof in accordance with the terms of the Lease, as amended hereby). The Term with respect to the Post Single Tenant Date Storage shall commence on the Post-Single Tenant Date (and Tenant shall be permitted access to the Post Single Tenant Date Storage from and after such date), and shall continue for the remainder of the Fourth Amendment Extension Term (and any extension thereof in accordance with the terms of the Lease, as amended hereby).
(b) From and after (i) the Amendment Date, all of the terms and conditions of the Lease (as amended hereby) that are applicable to the Existing Storage Space (including without limitation, Paragraph 8 of Exhibit F to the Original Lease) shall be applicable with respect to the Expansion Storage Space, and all references in the Lease to the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided herein. Tenant shall accept the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to mean the Expansion Storage Space and the Existing Storage Space, and (ii) the Single-Tenant Date, all of the terms and conditions of the Lease (as amended hereby) that are applicable to the Existing Storage Space (including without limitation, Paragraph 8 of Exhibit F to the Original Lease) shall be a applicable with respect to the Post Single Tenant Date Storage, and all references in the Lease to the “Storage Space” shall be deemed to mean the Expansion Storage Space, the Post Single Tenant Date Storage and the Existing Storage Space; provided, however, that Tenant shall not be required to pay any Storage Space Rent or Additional Storage Space Rent (or any Occupancy Charge) for the Expansion Storage Space, the Post Single Tenant Date Storage or the Existing Storage Space.
(c) Tenant hereby expressly acknowledges and agrees that (i) the area labelled “Telco” on Attachment E (the “Telco Room”), although located with the boundaries of the Expansion Storage Space, is not part of the Leased PremisesExpansion Storage Space and Tenant shall have no right to use or access the Telco Room, except as otherwise provided and (ii) Landlord shall have the right, at any time and from time to time, to access the Expansion Storage Space in this Addendumorder to access and use the Telco Room in connection with the operation of the Building. Tenant shall pay hereby grants to Landlord the following as Additional Rent for right to access the Expansion Storage Space at such times as Landlord desires to access and use the Telco Room (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date without any prior notice to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable or consent by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. XXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN XXXX TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”), and SI-BONE, INCTenant agrees to provide Landlord with all keys necessary for Landlord to so access the Expansion Storage Space for such purpose., a Delaware corporation, (“Tenant”).
Appears in 1 contract
Samples: Deed of Office Lease Agreement (Alarm.com Holdings, Inc.)