Common use of Storage Space Clause in Contracts

Storage Space. Tenant shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 square feet of storage space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage space.

Appears in 1 contract

Samples: Disturbance and Attornment Agreement (KBS Real Estate Investment Trust II, Inc.)

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Storage Space. Landlord hereby grants to Tenant a license (the “Storage License”) to use that certain storage space containing approximately 1,247 rentable square feet located on the second floor of the Building located within Suite 240 as shown on Exhibit A-1 attached hereto (the “Storage Space”) in accordance with the terms of this Section 11 and the Amended Lease. Tenant shall have use the optionStorage Space only for storage incidental to its occupancy of the Premises and for no other use or purpose. The term of the Storage License (the “License Term”) shall be month-to-month, to be exercised by written notice to Landlord commencing on or before October 1, 2002, to lease up to 300 square feet the date which is thirty (30) days following Landlord’s delivery of storage space located in possession of the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same Storage Space to Tenant within ninety (90the “Storage Space Commencement Date”) and expiring on the date that is sixty (60) days after the date delivery of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height written notice of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term termination of the leasing License from Landlord or Tenant to the other, but in no event later than the expiration of such storage space shall commence the Modified Term. Commencing on the date Landlord so delivers the storage space to Tenant andStorage Space Commencement Date, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into pay a license fee for the Storage Lease Space in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery amount of $623.50 ($0.50 per rental square foot per month) (the “License Fee”) for the first twelve (12) months following the Storage Space Commencement Date. Commencing on the first anniversary of the Storage Space. During the portion Space Commencement Date on each anniversary of the term Storage Space Commencement Date thereafter, the License Fee shall increase by three percent (3%) per annum. The License Fee shall be paid by Tenant to Landlord as Additional Rent concurrently with each monthly installment of Monthly Base Rent under the leasing of Lease. In addition to the storage space that occurs during License Fee, commencing on the Original TermStorage Space Commencement Date, Tenant shall pay to Landlord for such space annual rent at Landlord, as Additional Rent with respect to the rate of $7.00 per square foot Storage Space during the License Term: (a) 0.48% of the storage space per annum. During the portion Operating Expenses in excess of the term Operating Expenses for the Base Year; (b) 0.48% of the leasing Taxes in excess of the storage space Taxes for the Base Year; (c) 0.48% of the Insurance Costs in excess of the Insurance Costs for the Base Year; /s/JE and (d) 0.48% of the Utilities Costs in excess of Utilities Costs for the Base Year. For purposes of this Section 11, the Base Year shall be 2013 for the Storage Space. Landlord shall deliver the Storage Space to Tenant in its “AS-IS” condition (subject to any Landlord’s obligations to maintain and repair the Premises under the Lease and provided that occurs during any Renewal Termall Building systems servicing the Storage Space shall be in good working order and condition), the next business day following the full execution of this Second Amendment, provided Tenant shall pay has furnished to Landlord for such space annual rent at a rate reasonably determined by certificates and/or other evidence satisfactory to Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part insurance that Tenant is required to carry hereunder. All of the base rent) at the time other terms and provisions of the commencement of such Renewal Term. The annual rent Lease that apply to the Premises shall be payable in equal monthly installments on apply to the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage spaceStorage Space.

Appears in 1 contract

Samples: Multi Tenant Office Lease (INPHI Corp)

Storage Space. If exercised by Tenant from time to time on or prior to the Commencement Date and to be effective as of the Commencement Date (and thereafter on an as-available basis) for the Lease Term (including renewal options), Tenant shall have the option, right to be exercised by written notice to Landlord on or before October 1, 2002, to lease occupy up to 300 One Thousand (1,000) usable square feet of storage contiguous, dry space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants lower level of the Building (i.e.the “Storage Space”), not included as part of with elevator access to the base rent) at the time of the commencement of such Renewal Termupper floors, which may be used for storage and/or ancillary office purposes. The annual rent rental rate for such space shall be payable in equal monthly installments Fifteen & 00/100 Dollars ($15.00) per useable square foot thereof, with no increases thereto during the Term of this Lease. Except as set forth herein, there shall be no Additional Rent applicable to the Storage Space, if taken by Tenant, whether for operating expenses, real estate taxes, or other such expenses. In the event Tenant at any time requires HVAC or janitorial for such Storage Space taken by it, the agreed upon cost thereof shall be reimbursed by Tenant as Additional Rent under this Lease. Landlord agrees to paint such Storage Space, provide demising partitioning with a Building standard door and lockset, and hang basic lighting fixtures from the ceiling, all at Landlord’s sole expense. If Tenant has taken the Storage Space then, commencing on the Rent Commencement Date (or, if later, the date Tenant takes the Storage Space) and on the first day of each calendar month falling within the term of the leasing of the storage space. There thereafter, Tenant shall be no additional rent or other charges due for such storage space; accordinglypay, on a monthly basis, the cost of all electricity utilized for or in connection with the Storage Space, as evidenced by a check meter or submeter (if so installed at Landlord’s sole cost and expense) or as otherwise reasonably estimated by Landlord and agreed to by Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage space.

Appears in 1 contract

Samples: Deed of Lease (NCI, Inc.)

Storage Space. Tenant shall have lease from Landlord during the option, to be exercised by written notice to Landlord on or before October 1, 2002, to lease Term and any Option Term up to 300 one thousand rentable square feet of storage space located for Tenant’s exclusive use as storage for personal property used in connection with Tenant’s occupancy of the Parking GaragePremises. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date The location of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term basement of the leasing of such storage space shall commence on the date Landlord so delivers Building in an area reasonably designated by Landlord. Tenant agrees to accept the storage space in its then existing “as is” condition and to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of lease the storage space that occurs during from Landlord in accordance with this Section 29.34 for the Original Termentire Lease Term (as the same may be extended). Tenant, Tenant shall at its sole cost and expense, will replace and pay to Landlord for such space annual rent at the rate of $7.00 per square foot of all lighting bulbs, tubes, ballasts and starters required for the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during and must provide its own janitorial services and any Renewal Term, Tenant shall pay to Landlord other services necessary for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing Tenant’s use of the storage space. There shall be no additional rent or other charges due Tenant must maintain the storage space in good and clean condition during the term of this Lease. Tenant hereby agrees to pay monthly Base Rent for the storage space in an 140 XXX XXXXXXXXXX XXXXXX amount equal to the product of Two Dollars ($2.00) multiplied by the number of rentable square feet of floor area contained within such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant’s insurance and indemnity obligations set forth this Lease apply to the storage space as if it were a part of the Premises. Landlord has the right at any time during the Lease Term, upon giving Tenant at least thirty (30) days prior written notice notice, at Landlord’s sole cost and expense, to Landlord given at any time, may terminate the term of the leasing of move Tenant from the storage space to comparable storage space (as reasonably determined by Landlord) elsewhere in the Building of approximately the same size as the prior storage space. At Landlord’s option, Landlord and Tenant shall execute a separate storage agreement, in Landlord’s standard form for the Building, covering the matters addressed in this Section 29.34.

Appears in 1 contract

Samples: Office Lease (Yelp Inc)

Storage Space. Tenant shall have the optionAt any time, from time to be exercised by written notice to Landlord on or before October 1time, 2002, to lease up to 300 square feet of storage space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) during the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and provided there shall not have occurred an Event of Default, Tenant shall enter into a Storage Lease may, in substantially the same form and content as Exhibit I attached hereto prior addition to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during leased to Tenant pursuant to the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate last sentence of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenantthis Section I, upon at least thirty (30) days prior written notice to Landlord, 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 given at any time, may terminate 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, commencing on the date which is thirty (30) days after Tenant has delivered the aforesaid notice (provided Landlord has consented to the availability of such space), Tenant shall pay to Landlord, in addition to Rent and all other sums payable by Tenant to Landlord under the Lease, a per annum amount, payable in equal monthly installments, equal to the 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 held by Tenant subject to all of the leasing terms, covenants and conditions of this Lease except (i) no escalations under Article 28 shall be payable by Tenant in respect thereof, (ii) Tenant shall 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 foregoing, Landlord hereby leases to Tenant, and Tenant hereby hires from Landlord, 500 square feet of space in the basement of the storage spaceBuilding upon all of the terms of this Section I except that (a) Landlord hereby waives the thirty (30) day notice requirement with respect to such space and (b) no Rent shall be payable in respect of such space until the Rent Commencement Date.

Appears in 1 contract

Samples: Agreement (Viatel Inc)

Storage Space. Tenant shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002, right to lease up to 300 approximately 500 square feet of storage space located (the “Storage Space”) in the Parking Garage. If Project parking facility; provided, however, if, after the first twelve (12) months of the Lease Term, Tenant exercises its option has not commenced leasing or ceases to lease the Storage Space, as applicable, any such storage space, then (i) Landlord shall deliver subsequent leasing of the same to Storage Space by Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered subject to Tenant with adequate lighting, a ceiling height availability. The exact size of not less than 7 1/2 feet, framed out with unfinished sheetrock walls the Storage Space and with a door and a complete lock set, (iii) the storage space location thereof shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner reasonably determined by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Landlord. Tenant shall enter into a not be required to pay rent with respect to the Storage Lease Space; provided, however, Tenant shall pay for, or reimburse Landlord for any Landlord provided utilities used in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of connection with the Storage Space. During Tenant shall comply with such rules and regulations as promulgated by Landlord from time to time pertaining to the portion 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 term 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” condition and Landlord shall not be obligated perform any improvement or other work in connection with the Premises. No obligations of Landlord under this Lease with respect to the Premises or Base Building shall apply to the Storage Space. Tenant may make interior, non-structural modifications to the Storage Space only in accordance with the terms of Article 8 of the leasing of the storage space that occurs during the Original TermLease. If Landlord so elects, Tenant shall pay execute and deliver to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal TermLandlord, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling Landlord’s standard form Storage Space Lease within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least 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 comparable storage area within the Project having reasonably comparable access to and reasonably equivalent usable area as the Storage Space, provided that Landlord given shall pay all expenses reasonably incurred in moving Tenant’s property to such new location; and upon the expiration of such 60-day written notice, the new storage space shall be deemed to be the Storage Space covered by this terms of this Article 22. Tenant agrees to, at all times, maintain the Storage Space in neat and orderly condition and repair. Tenant acknowledges that Landlord shall have no obligation to provide any timesecurity, services, maintenance, work or improvements whatsoever for the Storage Space. Subject to the terms and conditions hereof, Tenant may terminate the term any such lease of the leasing of the storage spaceStorage Space upon thirty (30) days written notice to Landlord.

Appears in 1 contract

Samples: Office Lease (Internet Brands, Inc.)

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 Storage Space described above, Tenant shall have an option to lease an additional approximately 800 square feet of storage space, located on the optionground floor of the Building as shown on EXHIBIT A-6 attached hereto (the "Option Storage Space") when such Option Storage Space becomes available. Tenant shall 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 exercised 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 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 Space shall be elevated at least 6 inches above the floor on or before October 1wooden pallets, 2002, to lease up to 300 square feet and shall be at least 18 inches below the bottom of storage space all sprinklers located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space, if any. During Tenant shall not store anything in the portion Storage Space 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 the term of the leasing of the storage space that occurs during the Original TermLandlord's insurance coverage. Without limitation, Tenant shall pay 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 Landlord for such space annual rent at adopt and enforce reasonable rules and regulations governing the rate of $7.00 per square foot use of the storage space per annumStorage Space from time to time. During the portion Upon expiration or earlier termination of the term of the leasing of the storage space that occurs during any Renewal Termthis Lease or Tenant's rights under this Section, Tenant shall pay completely vacate and surrender the Storage Space to Landlord for such space annual rent at a rate reasonably determined by Landlord to be in accordance with the prevailing rate for storage space terms of this Lease. Without limitation, Tenant shall leave the Storage Space in the Parking Garage leased separately condition in which it was delivered to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any timereasonable wear and tear excepted, may terminate the term broom-clean and empty of the leasing all personalty and other items placed therein by or on behalf of the storage spaceTenant.

Appears in 1 contract

Samples: Office Lease Agreement (Nova Corp \Ga\)

Storage Space. Tenant shall have the optionLandlord shall, to be exercised by written notice to Landlord commencing on or before October March 1, 20022006, to and continuing for the balance of the Term, make available for Tenant’s use and for lease by Tenant up to 300 approximately 3,000 rentable square feet of storage space located in (“Storage Space”) at the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term lower level of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content Building as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be and approved by Tenant. Tenant shall have the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenantright, upon at least thirty (30) days prior written advance notice to Landlord given at delivered to Landlord no later than November 1, 2005 (“Tenant’s Storage Space Election Notice”), and thereafter subject to availability, to lease such storage space (or any timeportion thereof). Such storage space shall be in one contiguous block (if available, may terminate the term or otherwise configured in a manner reasonably acceptable to Tenant), secure (i.e., having a lockable entrance), sprinkled and lighted in accordance with all Laws and located in a portion of the leasing lower level of the Building designated by Landlord with reasonable access to and from the Building freight elevators and loading docks. Tenant acknowledges that any such space shall be created in the parking garage of the Building, and Tenant agrees that it shall be responsible for payment of all costs incurred by Landlord in creating such storage space. Tenant shall use such storage space for purposes of storing files, records, furniture, equipment, supplies, attic stock and materials of the type customarily used by office building tenants, and for no other purposes. Tenant shall pay Rent for such storage space at the gross rental rate (i.e., there shall be no Operating Cost Share Rent or Tax Share Rent separately payable for any such storage space) of $12.00 per square foot of rentable area thereof if leased during the first Lease Year of the Term, subject to $0.40 per rentable square foot annual increases during the Term. Tenant’s use of such storage space shall be subject to such reasonable rules and regulations as Landlord from time to time may promulgate on a non-discriminatory basis.

Appears in 1 contract

Samples: Lease (United Stationers Inc)

Storage Space. Tenant shall have has the option, to be exercised by written notice to Landlord on or before October 1, 2002, option to lease up to 300 from Landlord, for a term coterminous with this Lease, approximately 513 rentable square feet of storage space located in the Parking GarageBuilding known as Spaces H (91 square feet), I (130 square feet), and D (292 square feet) in three (3) separate locations as shown on Exhibit K to this Lease (the “Storage Space”) for the purpose of general office storage use and for no other purpose. If Tenant exercises shall pay as Additional Rent for the Storage Space the amount of $1.00 per square foot per month, (with such amount increasing by three percent (3%) each Lease Year). Such rent shall be payable on or before the first (1st) day of each month during the Term in the manner set forth in this Lease. Tenant shall not permit the use or occupancy of the Storage Space by any person or entity other than Tenant, its option to lease any such storage space, then (i) agents or employees. Tenant hereby accepts the Storage Space in its “AS IS” broom clean condition and agrees that Landlord shall deliver the same have no obligation to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered make any improvements to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During Either Tenant or Landlord shall have the portion right to terminate the lease of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, Storage Space upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate in the term case of termination by Tenant and ninety (90) days prior written notice to Tenant in the case of termination by Landlord. Tenant shall have the option of terminating the lease of the leasing Storage Space as to any of the three (3) locations without terminating the lease of all such locations. The lease of the Storage Space shall be governed by all of the other terms and conditions of the Lease including, but not limited to, the indemnity and insurance provisions set forth in Paragraphs 9A. and 8 respectively, except as otherwise set forth in this Paragraph 31 A and except that the square footage of the Storage Space shall not be used in calculating Base Rent for the Premises, Additional Rent, or any Tenant Improvement Allowance hereunder or any other calculation based upon the rentable square footage of the Premises. Tenant hereby agrees to provide Landlord with a certificate evidencing insurance coverage of the Storage Space prior to Tenant’s occupancy of the Storage Space. Landlord will provide utilities for lighting to storage space.

Appears in 1 contract

Samples: Office Lease (TRX Inc/Ga)

Storage Space. Tenant shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 hereby leases approximately 558 square feet of storage space located on the ground level of the Building, which Storage Space will be approximately as shown on Exhibit F attached to this Lease (the “Storage Space”). Beginning on the Rent Commencement Date and during the Term as the same may be extended, Tenant shall pay Landlord annual rent for the Storage Space in an amount equal to Twenty Dollars ($20.00) per square foot multiplied by the number of square feet contained in the Parking GarageStorage Space. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space The Storage Space rent shall be delivered to Tenant with adequate lighting, deemed a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term part of the leasing of such storage space shall commence on additional rent owed by Tenant under the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord Lease and Tenant shall enter into a make monthly rental payments for the Storage Lease Space at the same time, in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery 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. During 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 as of the Term Commencement Date and Landlord shall have no obligation to provide any services in connection with the Storage Space, except that the Storage Space will be tendered to Tenant separately demised with drywall completed, with HVAC and electricity servicing the Storage Space, and otherwise in broom clean condition (the “Storage Condition”). Upon delivering the Storage Space to Tenant in Storage Condition, Landlord will have no obligation to make any improvements, repairs or alterations to the Storage Space. Tenant shall 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 broom clean condition, normal wear and tear and damage by casualty and Landlord excepted. Tenant will not operate any equipment (electrical or otherwise) in the Storage Space. Tenant shall not assign or sublet all or any portion of the term Storage Space except in connection with any assignment of this Lease or sublease of the leasing 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 that occurs during Storage Space for non-perishable and non-Hazardous Substances for the Original Termstoring 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 pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenantentitled, upon at least thirty no less than six (306) days months prior written notice to Landlord given at any time, may to terminate the term lease of the leasing Storage Space to be effective as early as the expiration of the storage spacethird (3rd) Lease Year, in which event the lease of the Storage Space shall terminate as of the date set forth in Tenant’s notice.

Appears in 1 contract

Samples: Pegasystems Inc

Storage Space. Tenant shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 square feet of storage space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not Upon no less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written request by Tenant (the “Storage Space Request”), and subject to availability on a first come, first-served basis, except to the extent expressly set forth herein, Tenant shall have an option to lease storage space in Project (each, a “Potential Storage Space”) during the Lease Term. Following Landlord’s receipt of Tenant’s Storage Space Request, Landlord shall notify Tenant in writing (“Landlord’s Storage Notice”) as to what Potential Storage Space(s), if any, is available for Lease, and the size and then-current Building standard rental rate applicable for such Potential Storage Space (the “Storage Space Rent”), which Storage Space Rent shall be subject to escalation of three percent (3%) per annum during the 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 given 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 be 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 any 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 terminate once again deliver a Storage Request pursuant to the term terms of this Section 29.48. Landlord hereby acknowledges that the following storage spaces are available for lease as of the leasing 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 storage spaceInitially Available Storage Space to any other party during the period commencing as of the Phase II Premises Lease Commencement Date 122 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 deemed a default hereunder.

Appears in 1 contract

Samples: Office Lease (Okta, Inc.)

Storage Space. Tenant shall have the option, right to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 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 space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of connection with Tenant's exercise notice, (ii) business. The term with respect to the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space Storage Space shall commence on the date on which Landlord so delivers makes the storage space Storage Space available to Tenant and(the "Storage Space Commencement Date") and shall terminate on the Expiration Date. Tenant shall not pay any Fixed Annual Rent for the use of the Storage Space, unless terminated sooner 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 determining Tenant's Share. Tenant shall pay to Landlord as an additional charge for electricity supplied to the Storage Space, an amount determined in accordance with Article 16 of this Lease; provided, however, that if the 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 reasonably 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. Tenant shall be permitted to make alterations to the Storage Space at Tenant's sole expense, subject to the conditions set forth in Article 8 of this Lease, provided that Tenant shall end upon remove any such alterations as directed by Landlord at the termination of this Lease, and (v) to the extent that Landlord and Tenant shall enter into so requires in accordance with Article 8. Tenant's right to occupy the Storage Space hereunder is a Storage Lease in substantially license otherwise upon the same form terms and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Termconditions set forth in this Lease, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined revocable by Landlord to be at any time upon the prevailing rate for storage space in occurrence of an Event of a Default by Tenant under the Parking Garage leased separately to other tenants terms of the Building (i.e.this Lease, not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share and shall not be increased construed to reflect the addition be a lease of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage such space.

Appears in 1 contract

Samples: Etre Reit, LLC

Storage Space. Landlord agrees to provide Tenant shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 square feet with approximately 658 aggregate Rentable Square Feet of storage space (the "Storage Space") located in on the Parking Garage. If Tenant exercises its option to lease any such storage space, then first (ilst) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term floor of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant andBuilding, unless terminated sooner which is currently being utilized by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord Landlord, as rent for such space annual rent at the rate Storage Space, the sum of $7.00 15.00 per square foot of the storage space Rentable Square Foot per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building year (i.e., not included $822.50 per month); such payment shall be deemed additional rent hereunder. Rent payable by Tenant for the Storage Space during the First Extension Term and the Second Extension Term shall be determined pursuant to the provisions of Paragraph 5(d) above, as part of the base rent) at the time determination of the commencement of such Renewal Market Rate payable for the Premises during the applicable Extension Term. The annual rent Tenant acknowledges that Landlord, by providing Tenant with the Storage Space, is not assuming the responsibility to ensure the security of or provide security for the Storage Space, and Tenant hereby waives all claims against Landlord for damage to or theft of any property stored by Tenant in the Storage Space. Landlord shall be payable deliver the Storage Space to Tenant in equal monthly installments its "as-is" condition, without any obligation on the first day part of each calendar month falling within Landlord to remodel, refurbish or otherwise improve the term of Storage Space. Landlord shall have the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenantright, upon at least thirty (30) days days' prior notice to Tenant, to relocate the Storage Space to another area or areas of the Budding of approximately the same aggregate Rentable Square Feet as the Storage Space; in the event of such relocation of the Storage Space, Landlord shall pay Tenant's reasonable costs of moving materials stored in the Storage Space to the replacement Storage Space. Tenant shall have the right to terminate its lease of the Storage Space by irrevocable written notice to Landlord given at any time, may terminate least ninety (90) days prior to the term anticipated date of termination of Tenant's lease of the leasing of the storage spaceStorage Space.

Appears in 1 contract

Samples: Lease Termination Agreement (Golden West Financial Corp /De/)

Storage Space. a. Landlord shall provide Tenant shall have with a license to use space (“Storage Space”) for the option, storage of Tenant’s furniture and equipment for a time period (the “Storage Space Period”) beginning upon the date of surrender of the 1380 Willow Premises (other than the 1380 Datacenter) ________________________ *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to be exercised by written notice the omitted portions. and ending upon the earliest to Landlord on or before October 1, 2002, to lease up to 300 square feet occur of storage space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise noticeSeptember 30, 2017, (ii) the storage space shall be delivered to date that Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls informs Landlord it no longer requires the Storage Space and with a door and a complete lock set, (iii) the date that all of the Leases are terminated due to Tenant’s default. The initial Storage Space shall be the 1180 Xxxxxxxx Premises. Within a reasonable period prior to Tenant’s surrender of the 1003-1005 Xxxxxxxx Premises, additional storage space (the “Additional Storage Space”) to be designated by Landlord shall be added to the Storage Space for the storage of Tenant’s furniture and equipment located in the 1003-1005 Xxxxxxxx Premises. The Additional Storage Space shall consist of at least 11,000 square feet of warehouse space and may be at a maximum of two location other than the Industrial Center (2so long as it is within a five (5) areas; (iv) the term mile radius of the leasing of such storage space Industrial Center) and shall commence on be available through the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage SpaceSpace Period. During the portion Landlord may designate alternative Storage Space within a five (5) mile radius of the term Industrial Center (the “Relocated Storage Space”) that is not smaller than the Storage Space from time to time upon sixty (60) days’ notice to Tenant. Landlord shall reimburse Tenant for all of the leasing of actual out-of-pocket costs reasonably incurred by Tenant to move its furniture and equipment (i) from the storage space 1380 Willow Premises and the 1003-1005 Xxxxxxxx Premises to the Storage Space and (ii) from the Storage Space to any Relocated Storage Space; provided that occurs during the Original Term, Tenant shall pay to Landlord for all such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined costs must be approved by Landlord in writing prior to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage spacemoving work.

Appears in 1 contract

Samples: Second Lease Amendment Agreement (Pacific Biosciences of California, Inc.)

Storage Space. 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 Building, Landlord shall give written notice to Tenant (the “Storage Availability Notice”) of the size and location of all storage space in the Building. By written notice delivered to Landlord not later than twenty (20) days after Landlord gives Tenant the Storage Availability Notice, Tenant shall have the option, right to be exercised by written notice to Landlord on or before October 1, 2002, elect to lease from Landlord during the Lease Term, up to 300 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 (1,500) square feet of storage space located space, the location and configuration of which shall be designated in an amendment to this Lease (the Parking Garage“Storage Spacey”). If Tenant exercises its option timely elects to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space, then the following provisions of this Article shall apply. During Commencing on the portion of the term of the leasing of the storage space that occurs during the Original TermLease Commencement Date, Tenant shall pay to Landlord annual Base Rent for such space annual rent at Storage Space in an amount equal to Twenty Dollars ($20.00) multiplied by the rate total number of $7.00 per square foot feet of area in such Storage Space (the “Storage Space Rent”). Beginning on the first day of the storage space per annum. During second (2nd) Lease Year, and on the portion first day of each and every Lease Year thereafter, such annual Storage Space Rent shall be increased by an amount equal to two and one-half percent (2.5%) of the term of annual Storage Space Rent in effect during the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Termimmediately preceding Lease Year. The annual rent Storage Space Rent shall be payable in equal monthly installments in advance on the first day of each calendar month falling within the term month. Except as otherwise specified herein, all of the leasing terms, covenants, conditions and provisions of this Lease, except those contained in Section 4.1 and Exhibit B, shall apply to such Storage Space. Landlord shall, at Landlord’s expense, partition the perimeter boundaries of the storage space. There shall be no additional rent or other charges due Storage Space, and provide lighting and a door, frame and hardware with building standard lock set (keyed for such storage space; accordinglyTenant’s use only), the Tenant's Proportionate Share but Landlord shall not be increased obligated to reflect provide any other alterations or improvements to or for such Storage Space. In addition, Landlord shall not be obligated to furnish any utilities or services to such Storage Space except for electricity reasonably sufficient for lighting the addition Storage Space. 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 (and in no event shall employees of Tenant or other persons occupy or work from such Storage Space). Furthermore, in no event shall Tenant store materials that may attract rodents or other pests in the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage spaceStorage Space.

Appears in 1 contract

Samples: Office Lease Agreement (Capitalsource Inc)

Storage Space. In addition to the Leased Premises, Landlord agrees that Tenant shall have may use from and after the optiondate that the same is delivered to Tenant (the “Storage Delivery Date”), to be exercised by written notice to Landlord on or before October 1for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, 2002, to lease up to 300 approximately six hundred forty-eight (648) square feet of storage space located in the Parking Garage. If Tenant exercises its option to lease any such basement storage space, then commonly known as Space #13200B (ihereinafter “Storage Space”) Landlord 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 deliver accept the same Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant within ninety (90) days after in the date of Tenant's exercise notice, (ii) the storage space Storage Space shall be delivered 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 Tenant with adequate lightingLandlord in good and broom clean condition. For all purposes under the Lease, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space Storage Space shall be in deemed to be a maximum of two (2) areas; (iv) the term part of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant andLeased Premises, unless terminated sooner by Tenant, shall end upon the termination of except as otherwise provided in this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage SpaceAddendum. During the portion of the term of the leasing of the storage space that occurs during the Original Term, 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 Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to Landlord for such space annual rent at a rate reasonably determined by Landlord 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. 12/31/2016 $ 16,499.12 $ 1,374.93 The annual rent Storage Space Rent shall be due and payable by Tenant monthly in equal monthly installments advance on the first day of each every calendar month falling within during the term Term, unless terminated earlier as provided above. The Floor Area of the leasing 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 spaceStorage Space. There shall be no additional rent or other charges due for such storage space; accordinglyXXXXX XX XXXXXXXXXX XXXXXX XX XXXXX XXXXX LEASE EXTENSION AND MODIFICATION AGREEMENT THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, the 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's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage space”).

Appears in 1 contract

Samples: Lease Extension and Modification Agreement (SI-BONE, Inc.)

Storage Space. Landlord shall lease to Tenant, and Tenant shall have the optionlease from Landlord, to be exercised by written notice to Landlord on or before October 1for a term coterminous with this Lease, 2002, to lease up to 300 a total of 2,211 usable square feet of storage space located space, being on Level P3 of the Building (the “Storage Space”), for the purpose of general office storage use and/or for storage of Tenant’s miscellaneous training materials and supplies, store fixtures, samples, merchandise, promotional goods and materials, and other supplies for office or retail use in Tenant’s business and for no other purpose. Such Storage Space will be caged and locked. Tenant shall pay as a “gross rent” for the Storage Space the amount of $12.00 per annum per usable square foot of the Storage Space in equal monthly installments. Such rent shall be payable on or before the first (1st) day of each month during the Term in the Parking Garagemanner set forth in this Lease. If Tenant exercises shall not permit the use or occupancy of the Storage Space by any person or entity other than Tenant, its option to lease any such storage spaceagents or employees. Upon Tenant’s leasing of the Storage Space, then (i) Tenant shall accept the Storage Space in its “AS IS” condition and agrees that Landlord shall deliver have no obligation to make any improvements to the same to Tenant within ninety (90) days after Storage Space. The lease of the date of Tenant's exercise notice, (ii) the storage space Storage Space shall be delivered governed by all of the other terms and conditions of the Lease including, but not limited to, the indemnity and insurance provisions therein, except that the square footage of the Storage Space shall not be used in calculating Basic Rent for the Leased Premises, Additional Rent, or any tenant improvement allowance hereunder or any other calculation based upon the rentable square footage of the Leased Premises. Tenant hereby agrees to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and provide Landlord with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term certificate evidencing insurance coverage of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto Space prior to Landlord's delivery Tenant’s occupancy of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annumThe Storage Space is depicted on Schedule “G-5” attached hereto. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage space.SCHEDULE “G-1” Stacking Plan G – 1- 1 SCHEDULE “G-2” Market Rate

Appears in 1 contract

Samples: Lease Agreement (Carters Inc)

Storage Space. Subject to the terms of this Section 19, commencing on February 1, 2024, and continuing throughout the remainder of the Lease Term, Tenant shall continue to lease from Landlord certain storage space located on the Ground Floor of Building B, as delineated on Exhibit E attached hereto (the “Storage Space”). Tenant shall have no obligation to pay Base Rent or Tenant's Share of Direct Expenses with respect to the option, Storage Space. Tenant acknowledges and agrees that Tenant shall continue to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 square feet of storage space located accept the Storage Space in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) presently existing "as-is" condition and that Landlord shall deliver have no obligation to provide or pay for any improvement work or services related to the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery improvement of the Storage Space. During Xxxxxx also acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty regarding the portion condition of the term Storage Space or with respect to the suitability of the leasing same for the conduct of Xxxxxx's business. The Storage Space shall be used only for storage of shipment pallets, boxes, files, furniture, office equipment and other similar items associated with commercial office space and for shipping and receiving and for no other purpose whatsoever without the prior written consent of Landlord, which consent may be withheld in Landlord's sole discretion. Tenant shall not make any Alterations to the Storage Space and shall be fully responsible for repairing any damage to the Storage Space resulting from or relating to Tenant's use thereof. Tenant shall comply with such rules and regulations as may be promulgated by Landlord from time to time pertaining to the use of the storage space Storage Space and shall allow Landlord access to the Storage Space in accordance with the terms of Article 27 of the Office Lease. Tenant acknowledges that occurs during Landlord shall have no obligation to provide any security or any services with respect to the Storage Space described in the Lease, including, without limitation, those described in Section 6.1 of the Original TermLease, other than Building standard lighting during Building Hours.Tenant shall pay indemnify, defend and hold harmless the Landlord Parties from and against any and all loss, liability, claims, expenses, damages or costs (including, without limitation, court costs and reasonable 4863-1545-4581.10373382.00003/11-17-23/spm -10- CROSSING/900Sixth Amendment to Landlord for such space annual rent at the rate Office Lease[Box, Inc.] attorneys' fees) arising out of $7.00 per square foot or in connection with Xxxxxx's use of the storage space per annumStorage Space, except for property damage and personal injury claims to the extent caused by Xxxxxxxx's gross negligence or willful misconduct. During Tenant's insurance obligations under the portion Lease shall also pertain to Tenant's use of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Storage Space and Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage spaceproperty located therein.

Appears in 1 contract

Samples: Office Lease (Box Inc)

Storage Space. Landlord will provide to Tenant shall have during the option, to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 Term between approximately one hundred fifty (150) and five hundred (500) rentable square feet of storage space located for Tenant’s exclusive use as storage for personal property used in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of connection with Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term ’s occupancy of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage SpacePremises. During the portion of the term of the leasing The location of the storage space that occurs during the Original Term, will be designated by Landlord in its sole discretion. Tenant shall pay agrees to Landlord for such space annual rent at the rate of $7.00 per square foot of accept the storage space per annum. During the portion of the term of the leasing of in “as is” condition and to lease the storage space that occurs during any Renewal Termfrom Landlord in accordance with this Section 17.1 for the entire Term (as may be extended). Tenant, Tenant shall at its sole cost and expense, will replace and pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be all lighting bulbs, tubes, ballasts and starters required for the prevailing rate for storage space in the Parking Garage leased separately to and must provide its own janitorial services and any other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing services necessary for Tenant’s use of the storage space. There shall be no additional rent or other charges due Tenant must maintain the storage space in good and clean condition during the term of this Lease. Tenant hereby agrees to pay annual Base Rent for the storage space in an amount equal to the product of Twelve and No/100ths Dollars ($12.00) multiplied by the number of rentable square feet of floor area contained within such storage space and Tenant further agrees to pay, as Additional Rent, that portion of Operating Costs and Taxes allocable to such storage space, it being acknowledged and agreed that such storage space is being provided to Tenant on a “triple net” basis (i.e., Base Rent for such storage space is net of Operating Costs (including insurance) and Taxes attributable to such space; accordingly, which Tenant will pay to Landlord in addition to Base Rent for such space and without reference to an expense stop, base year or otherwise). The releases and insurance, indemnity and liability provisions and waivers in this Lease apply to the Tenant's Proportionate Share shall not be increased to reflect the addition storage space as if it were a part of the storage spacePremises. TenantLandlord has the right at any time during the Term, upon giving Tenant at least thirty (30) days prior written notice notice, at Landlord’s sole cost and expense, to Landlord given at any time, may terminate move Tenant from the term storage space to comparable storage space (as reasonably determined by Landlord) elsewhere in the Building of approximately the leasing of same size as the prior storage space.

Appears in 1 contract

Samples: Lease (Yelp! Inc)

Storage Space. Upon notice to Landlord at least thirty (30) days prior to the Commencement Date or thereafter, subject to availability (if notice is given following the date which is thirty (30) days prior to the Commencement Date), upon not less than thirty (30) days prior notice to Landlord, Tenant shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002right, to lease up to 300 from Landlord approximately 995 rentable square feet of storage space located in the Parking GarageBuilding (the "Storage Premises"). If Tenant exercises its option shall be required to lease any such storage space, then pay twelve dollars (i$12.00) Landlord shall deliver per square foot per annum for the same to Tenant within ninety (90) days after the date of Storage Premises. Following Tenant's exercise noticelease of Storage Space, (ii) Tenant shall have the storage right to permanently terminate its lease of such space shall be delivered to Tenant with adequate lighting, a ceiling height of upon not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord. Tenant shall give prompt notice to Landlord given at in case of fire or accidents in or about the Storage Premises or of defects therein or in the fixtures or equipment related thereto. Tenant acknowledges and agrees that Landlord shall have no obligation to provide any time, may terminate security for the term Storage Premises. All Storage Premises rental amounts shall be due on a monthly basis concurrent with Tenant's payment of the leasing Base Rent due with respect to the Premises, and shall constitute rent under the Lease. All Storage Premises leased by Tenant shall be leased by Tenant in its present existing, "as-is" condition so long as any such Storage Premises is enclosed by drywall or a fence, has reasonable access thereto and adequate utilities therein for its use as storage space, and Tenant shall be fully responsible for repairing any damage to the Storage Premises resulting from or relating to Tenant's use thereof. Tenant's insurance obligations under the Lease shall also pertain to Tenant's use of the storage spaceStorage Premises.

Appears in 1 contract

Samples: Project Site Plan (Aames Financial Corp/De)

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Storage Space. The Tenant shall have the option, to be exercised by written notice to Landlord on right throughout the Term and any extensions or before October 1, 2002, renewals thereof to lease up to 300 square feet for its exclusive use space for storage and parking of storage space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then bicycles: (i) Landlord shall deliver of approximately 1,350 square feet at Level 3 within the same parking garage (B3-07) and shown on the plan annexed to Tenant within ninety this Lease as Schedule L-3 (90the “Level 3 Storage Space”) days after at a gross rental rate of $10.00 per square foot per annum, plus applicable Sales Taxes, for the date first five (5) years of Tenant's exercise noticethe Term of this Lease and at a gross rental rate of $12.50 per square foot per annum, plus applicable Sales Taxes, for years 6-10 of the Term of this Lease; (ii) of approximately 458 square feet at Level 1 within the storage space shall be delivered parking garage (P-1-17) and shown on the plan annexed to Tenant with adequate lightingthis Lease as Schedule L-1 (the “Level 1 Storage Space”) at a gross rental rate of $20.00 per square foot per annum, plus applicable Sales Taxes for the first five (5) years of the Term of this Lease and at a ceiling height gross rental rate of not less than 7 1/2 feet$25.00 per square foot per annum, framed out with unfinished sheetrock walls plus applicable Sales Taxes, for years 6-10 of the Term of this Lease; and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; parking stalls adjacent to the Level 1 Storage Space within the parking garage and shown on the plan annexed to this Lease as Schedule L-1 (iv) the term “Converted Parking Stalls”), to be converted by the Landlord, at the Landlord’s cost, into additional space for storage and parking of bicycles by the Tenant, with the Tenant paying to the Landlord the prevailing monthly market rental rate for the Converted Parking Stalls on the basis of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of rental for two parking stalls under this Lease, which for the first sixty (60) months of the Term shall not exceed $275.00 per stall per month plus applicable Sales Taxes and (v) which rental rate may thereafter be adjusted by the Landlord or the Landlord’s parking operator from time to time to no more than market rates for similar parking spaces in similar buildings. For clarity, the Tenant acknowledges that the Converted Parking Stalls are to be considered part of the parking allotment granted to the Tenant pursuant to Section 7 of Schedule E to this Lease. The Tenant shall be responsible, at its sole expense, for providing and maintaining the bicycle racks and locks within the Xxxxx 0 Xxxxxxx Xxxxx, xxx Xxxxx 0 Xxxxxxx Space and the Converted Parking Stalls. The Tenant shall enter into a Storage Lease in substantially the same form and content Landlord’s standard storage agreement, subject to such amendments as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate may be reasonably determined requested by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased , with respect to reflect the addition of Xxxxx 0 Xxxxxxx Xxxxx, xxx Xxxxx 0 Xxxxxxx Space and the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage spaceConverted Parking Stalls.

Appears in 1 contract

Samples: Shopify Inc.

Storage Space. In addition to Tenant’s rights to lease the Storage Premises in accordance with the terms of Section 29.30 of the Office Lease, Tenant shall have be entitled, at any time following the optioncommencement of construction within the Improvement Space, but subject to be exercised by written notice to Landlord on or before October 1, 2002availability, to lease up to 300 an additional 3,000 square feet of storage space located (which may, at Landlord’s option, be provided in the Parking Garage. If Tenant exercises its option up to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; increments) (ivthe “Additional Storage Premises”). 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) the term of the leasing of such to storage space for purposes of providing the same to Tenant. In the event that Landlord shall commence on the date Landlord so delivers the storage space rent Additional Storage Premises to Tenant and, unless terminated sooner by Tenant, shall end upon in accordance with the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Termterms hereof, Tenant shall pay to Landlord for such space annual Landlord, monthly storage rent at the rate of in an amount equal to $7.00 0.75 per square foot per month for the first year of such lease, with three percent (3%) annual increases thereafter. All storage rent shall be due on a monthly basis concurrently with Tenant’s payment of the storage space per annumBase Rent due with respect to the Premises, and shall constitute Additional Rent under the Lease, as amended hereby. During Tenant shall give prompt notice to Landlord in case of fire or accidents in or about the portion Additional Storage Premises or of defects therein or in the 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, Landlord hereby acknowledges and agrees that the access control services provided by Landlord pursuant to the terms of Section 6.1.7 of the term Lease shall apply with respect to Tenant’s lease of the leasing Additional Storage Premises to the extent the Additional Storage Premises are located in the Building and not the “6310 Building,” as that term is defined below. The Additional Storage Premises, if leased by Tenant, shall be leased by Tenant in its then existing, “as-is” condition. Tenant shall be fully responsible for repairing any damage to the Additional Storage Premises to the extent such damage results from or relates to Tenant’s use thereof. Tenant’s insurance obligations under the Lease shall also pertain to Tenant’s use of the storage space that occurs during any Renewal Term, Tenant Storage Premises. The exact location of the Additional Storage Premises shall pay to Landlord for such space annual rent at a rate reasonably be 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 be the prevailing rate for storage space in the Parking Garage leased separately 6310 Building shall terminate to other tenants 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 Building (i.e., not included as part terms of the base rent) at the time of the commencement of such Renewal Term. The annual rent Lease, as amended hereby, shall be payable remain in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage spacefull force and effect.

Appears in 1 contract

Samples: Office Lease (EMAK Worldwide, Inc.)

Storage Space. Tenant shall have lease from Landlord during the option, to be exercised by written notice to Landlord on or before October 1, 2002, to lease Term and any Option Term up to 300 one thousand rentable square feet of storage space located for Tenant’s exclusive use as storage for personal property used in connection with Tenant’s occupancy of the Parking GaragePremises. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date The location of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term basement of the leasing of such storage space shall commence on the date Landlord so delivers Building in an area reasonably designated by Landlord. Tenant agrees to accept the storage space in its then existing “as is” condition and to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of lease the storage space that occurs during from Landlord in accordance with this Section 29.34 for the Original Termentire Lease Term (as the same may be extended). Tenant, Tenant shall at its sole cost and expense, will replace and pay to Landlord for such space annual rent at the rate of $7.00 per square foot of all lighting bulbs, tubes, ballasts and starters required for the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during and must provide its own janitorial services and any Renewal Term, Tenant shall pay to Landlord other services necessary for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing Tenant’s use of the storage space. There shall be no additional rent or other charges due Tenant must maintain the storage space in good and clean condition during the term of this Lease. Tenant hereby agrees to pay monthly Base Rent for the storage space in an 000 XXX XXXXXXXXXX XXXXXX amount equal to the product of Two Dollars ($2.00) multiplied by the number of rentable square feet of floor area contained within such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant’s insurance and indemnity obligations set forth this Lease apply to the storage space as if it were a part of the Premises. Landlord has the right at any time during the Lease Term, upon giving Tenant at least thirty (30) days prior written notice notice, at Landlord’s sole cost and expense, to Landlord given at any time, may terminate the term of the leasing of move Tenant from the storage space to comparable storage space (as reasonably determined by Landlord) elsewhere in the Building of approximately the same size as the prior storage space. At Landlord’s option, Landlord and Tenant shall execute a separate storage agreement, in Landlord’s standard form for the Building, covering the matters addressed in this Section 29.34.

Appears in 1 contract

Samples: Office Lease (Yelp Inc)

Storage Space. Effective as of the Second Floor Commencement Date, Landlord 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 exercise its option to lease additional Storage Space from time to time throughout the term of the Lease by giving written notice to Landlord of its desire to lease the same, which notice shall be conditioned upon the availability of the desired space. Tenant shall pay Landlord 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 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 or otherwise, to the Storage Space, except for charges incurred by Landlord in enforcing its rights relating to the Storage Space under this Lease, in accordance with the terms of this Lease. The Tenant shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002exercisable at any time during the Term, to cancel its lease up to 300 square feet of storage space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days days' prior written notice to Landlord given at any timethe Landlord. Except as provided in this Section 2.1(b), may terminate the term terms and conditions of Tenant's occupancy of the leasing of Storage Space shall be as set forth in this Lease. The Storage Space shall be leased in its absolute "AS IS" condition. There shall also be no core factor for the storage spaceStorage Space (i.e., the usable areas shall be equal to the rentable area).

Appears in 1 contract

Samples: Office Lease Agreement (Teligent Inc)

Storage Space. Tenant Landlord shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002, to lease reserve up to 300 five thousand 5,000 square feet of storage space for lease by Tenant during the Lease Term (the “Storage Space”). The Storage Space shall be located in one or more private rooms selected by Landlord in the On-Site Parking GarageArea designated on Exhibit P attached hereto. If Tenant exercises its option shall have the right to lease any such storage space, then increase or decrease (i) Landlord shall deliver but not in excess of the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii5,000 square foot limit set forth above) the storage space shall be delivered to amount of Storage Space leased by Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord. The Storage Space described above required to be provided by Landlord given to Tenant shall be leased at a rental rate equal to ( ) per usable square foot per month during the Lease Tenn. Notwithstanding the foregoing, to the extent that any time, may terminate Storage Space in addition to the term Storage Space required to be reserved by Landlord for Tenant’s use hereunder shall become available for use by tenants of the leasing Building, Landlord agrees that Tenant shall have the right, upon written notice to Landlord, to lease such additional Storage Space on a month-to-month basis to the extent and for the duration that Landlord does not require the use of such additional Storage Space by other tenants in the Building or for another purpose. Any such additional Storage Space shall be leased at a rental rate equal to ( ) per usable square foot per month. The Storage Space rental amounts shall be due on a monthly basis concurrent with Tenant’s payment of the Base Rent due with respect to the Premises, and shall constitute Rent under the Lease. All Storage Space leased by Tenant shall be in a condition reasonably suitable for use as storage space. Tenant acknowledges that Landlord, by providing Tenant with the Storage Space is not assuming the responsibility to ensure the security of or provide security for the Storage Space, and Tenant hereby waives all claims against Landlord for damage to or theft of any property stored by Tenant in the Storage Space, except to the extent caused by the negligence or willful misconduct of Landlord or Landlord’s agents, contractors or representatives. Landlord shall deliver the Storage Space to Tenant in its “as-is” condition, without any obligation on the part of Landlord to remodel, refurbish or otherwise improve the Storage Space, provided that the Storage Space shall have a ceiling, walls, a door and lighting. Landlord shall have the right, not more than once per calendar year, upon thirty (30) days’ prior notice to Tenant, to relocate the Storage Space to another area of the Building of approximately the same aggregate square footage as the Storage Space; in the event of such relocation of the Storage Space, Landlord shall pay Tenant’s actual costs of moving materials stored in the Storage Space to the replacement Storage Space.

Appears in 1 contract

Samples: Office Lease (Castlight Health, Inc.)

Storage Space. Tenant shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002, right to lease up to 300 approximately one thousand two hundred (1,200) square feet of storage space located (the "Storage Space") in the Parking Garage. If Project parking facility; provided, however, if, after the first twelve (12) months of the Lease Term, Tenant exercises its option has not commenced leasing or ceases to lease the Storage Space, as applicable, any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the subsequent leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage SpaceSpace by Tenant shall be subject to availability. During the portion The exact size of the term of Storage Space and the leasing of the storage space that occurs during the Original Term, location thereof shall be reasonably determined by Landlord. Tenant shall pay rent equal to Landlord for such space annual rent at the rate of One Dollar ($7.00 1.00) per square foot of the storage space Storage Space per annummonth along with Tenant's payments of Base Rent for the Premises. During the portion of the term of the leasing of the storage space that occurs during any Renewal TermIn addition, Tenant shall pay to for, or reimburse Landlord for for, all any Landlord-provided utilities used in connection with the Storage Space at the Actual Cost thereof. Tenant shall comply with such space annual rent at a rate reasonably determined rules and regulations as promulgated by Landlord from time to be time pertaining to the prevailing rate for storage space 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 Parking Garage leased separately to other tenants of Storage Space as if the Building (i.e., not included as Storage Space were a part of the base rentPremises. 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) at the time of the commencement of such Renewal Term. The annual rent business day's prior notice (except in an emergency in which case no prior notice shall be payable 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 equal monthly installments on this Lease, Tenant accepts the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent Storage Space in its presently existing "as is", "with all faults", "without any warranties or other charges due for such storage space; accordingly, the Tenant's Proportionate Share representations" condition and Landlord shall not be increased obligated perform any improvement or other work in connection with the Premises. No obligations of Landlord under this Lease with respect to reflect the addition Premises or Base Building shall apply to the Storage Space. Tenant may make interior, non-structural modifications to the Storage Space only in accordance with the terms of Article 8 of the storage spaceLease. TenantLandlord shall have the right, upon at least thirty not less than sixty (3060) days prior written notice to Tenant, to substitute for the Storage Space comparable storage area within the Project having reasonably comparable access to and reasonably equivalent usable area as the Storage Space, provided that Landlord given shall pay all expenses reasonably incurred in moving Tenant's property to such new location; and upon the expiration of such 60-day written notice, the new storage space shall be deemed to be the Storage Space covered by this terms of this Section 29.48. Tenant agrees to, at all times, maintain the Storage Space in neat and orderly condition and repair. Tenant acknowledges that Landlord shall have no obligation to provide any timesecurity, services, maintenance, work or improvements whatsoever for the Storage Space. Subject to the terms and conditions hereof, Tenant may terminate the term any such lease of the leasing of the storage spaceStorage Space upon thirty (30) days written notice to Landlord.

Appears in 1 contract

Samples: Office Lease (Navarre Corp /Mn/)

Storage Space. Throughout the Term of the Lease, Tenant shall have the option, to be exercised by written notice to Landlord on or before October 1, 2002, a right to lease up to 300 from Landlord any storage space in the Project which is available for lease. Initially, Tenant shall lease 1,641 square feet of storage space located in the Parking Garagearea depicted on Exhibit O attached hereto and made a part hereof (the “Initial Storage Space”). If Provided Landlord has the space available (with no obligation of Landlord to demise any space to create different sizes of storage space), Tenant exercises its option 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 any such additional storage spacespace from Landlord. Provided Landlord has the space available, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by within thirty (30) days of Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space’s written request therefor. During the portion of the term of the leasing of the storage space that occurs during the Original TermIn addition, Tenant shall pay have the right to Landlord terminate the lease for such space annual rent at the rate of $7.00 per square foot of the Initial Storage Space or any other storage space per annum. During leased by Tenant upon the portion delivery of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given (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 any timeadditions to or replacements thereof shall be referred to collectively as the “Storage Space”. As of the date of this Lease, may terminate 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 Project provided such space is of comparable size and provided Landlord pays the reasonable moving costs in connection therewith. Landlord agrees to relocate Tenant only if Landlord needs the Storage Space in connection with 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 leasing Storage Space, at no cost to Tenant (other than as part of Operating Costs as provided in this Lease). Tenant shall accept the Storage Space in its “as-is” condition subject only to any latent defects in the Storage Space but excluding items of damage caused by Tenant or the Tenant Parties. Tenant shall be obligated to maintain, at Tenant’s sole cost and expense, the Storage Space and, at the end of the storage spaceterm for the Storage Space, Tenant shall surrender the Storage Space to Landlord in 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 not assign or sublet all or any part of the Storage Space unless such assignment is made in connection with a Transfer consented to by Landlord (or a Permitted Transfer) pursuant to Article 7 herein. Tenant shall not be permitted to make any alterations or improvements to the 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 Premises. Except as provided in this Section 20.30 or implied by the terms hereof, all of covenants, conditions and obligations of Tenant set forth in the Lease with respect to the Premises shall apply to the Storage Space.

Appears in 1 contract

Samples: Lease Agreement (Deerfield Capital Corp.)

Storage Space. Landlord agrees to make available to Tenant storage space in the Building containing approximately one thousand (1,000) usable square feet. Such storage space shall be made available by Landlord to Tenant on the Lease Commencement Date and no rent shall be payable by Tenant to Landlord for the same for the period beginning on the date the same is delivered by Landlord to Tenant through the Rent Commencement Date. The annual gross rent for the storage space leased by Tenant shall be Fifteen Dollars ($15.00) per usable square foot in such space for the one-year period beginning on the Rent Commencement Date. Such monthly gross rent for storage space leased by Tenant shall be increased by three percent (3%) on each anniversary of the Rent Commencement Date. Tenant shall not be required to pay any portion of Operating Expenses or Real Estate Tax Expenses attributable to the storage space leased by it. In no event shall Tenant’s Share be increased as a result of Tenant’s lease of storage space in the Building. Landlord shall notify Tenant of the availability of storage space in the Building as and when it becomes available. All storage space leased by Tenant shall be built out by Landlord, at Landlord’s cost, to contain only the following: the storage space shall consist of cinder block walls, if located in the Garage, and the storage space shall have a steel, locked door and shall contain reasonable lighting, a reasonable number of electrical outlets and an exhaust fan for ventilation. Tenant shall have the option, right at any time to be exercised by written notice to Landlord on cancel its lease of all or before October 1, 2002, to lease up to 300 square feet any portion of storage space located in the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of leased by it on not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage spaceLandlord.

Appears in 1 contract

Samples: Deed of Lease (Watson Wyatt & Co Holdings)

Storage Space. Landlord and Tenant shall have will endeavor in good faith to ------------- agree upon terms whereby Landlord will provide to Tenant, at a fair rental for storage space of the optionsame type in the Dallas/Plano area, to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 2,000 square feet of storage space located in at a location outside the Parking GarageProject. If TO OFFICE LEASE AGREEMENT BETWEEN CINEMARK USA, INC. AND THE COCA-COLA COMPANY RENEWAL OPTION Provided no default by Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord exists and Tenant shall enter into a Storage Lease in substantially is occupying the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) entire Premises at the time of such election, Tenant may renew this Lease for one (1) additional period of five (5) years on the commencement same terms provided in this Lease (except as set forth below), by delivering written notice of such Renewal the exercise thereof to Landlord not later than one hundred eighty (180) days before the expiration of the Term. The annual rent Tenant shall be payable notify Landlord of whether it is interested in equal monthly installments on renewing the first day of each calendar month falling within Term (the term "Interest Notice") at least two hundred forty (240) --------------- days before the expiration of the leasing of the storage spaceTerm. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least Within thirty (30) days prior after the Interest Notice has been delivered to Landlord, Landlord shall notify Tenant of the Base Rent which shall be payable for each month during the renewal Term (the "Rental Notice"). Landlord's calculation of such Base Rent shall be based on the ------------- prevailing rental rates in the Building for space of similar quality, size, utility, the location of the Premises, the amount of any allowance provided to Tenant by Landlord, the length of the renewal Term and the credit standing of Tenant. Tenant shall notify Landlord whether it intends to renew the Term by delivering written notice thereof to Landlord given at any timenot later than thirty (30) days after Landlord has delivered to Tenant the Rental Notice. On or before the commencement date of the renewal term, may terminate Landlord and Tenant shall execute an amendment to this Lease extending the term of hereof on the leasing of the storage space.same terms provided in this Lease, except as follows:

Appears in 1 contract

Samples: Lease Agreement (Wells Real Estate Investment Trust Inc)

Storage Space. Landlord hereby grants to Tenant shall have the option, a license to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 square feet of use that certain storage space located in the Parking Garagebasement of the Building more precisely shown on Exhibit A-3 attached hereto and made a part hereof ("Storage Space") consisting of approximately 3,050 rentable square feet. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the The term of the leasing of such storage space license shall commence on the Commencement Date or any earlier date Landlord so delivers the storage space specified in a notice from Tenant to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and shall continue for ten (10) years after the Commencement Date or until such earlier time as this Lease shall terminate or Tenant shall enter into a Storage Lease in substantially vacate the same form and content as Exhibit I attached hereto prior to Landlord's delivery of Premises or the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Termthis license, Tenant shall pay to Landlord for such space annual rent at the rate a monthly fee of $7.00 1.25 per rentable square foot of the storage space ($3,812.50 per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Termmonth), Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on or before the first day of each calendar month falling within during such term. Any initial or final partial month shall be prorated. Tenant may reduce the term amount of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon Storage Space by at least thirty (30) 30 days prior written notice to Landlord given at any timeLandlord, may terminate the term which reduction shall be effective as of the leasing last day of a calendar month, as designated in the notice. Any additional storage space which Tenant desires to occupy (including but not limited to storage space originally subject to the license but then eliminated therefrom pursuant to a reduction notice, as set forth in the immediately preceding sentence), shall be subject to availability, as reasonably determined by Landlord, and if the space requested by Tenant is not configured as required by Tenant, Tenant shall pay all reasonable costs of reconfiguring 1888 Century Park East [SCPIE Holdings Lease] 45 such space. Tenant shall use the Storage Space for purposes of storing equipment, inventory or other items normally used in Tenant's business. All items stored in the Storage Space shall be elevated at least six inches (6") above the floor on wooden pallets, and shall be at least eighteen inches (18") below the bottom of all sprinklers located in the ceiling of the Storage Space, if any. Any boxes shall not be stacked more than 7 feet high. Tenant shall not store anything in the Storage Space 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 Space from time to time. Tenant shall properly and at all times comply with all applicable ordinances, rules, regulations, codes, laws, statutes and requirements of all federal, state, county and municipal governmental bodies or their subdivisions respecting the use of the Storage Space. Tenant shall not, without the prior written consent of Landlord, assign, mortgage, pledge, hypothecate, encumber or permit any liens to attach to, or otherwise transfer, the Storage Space or any interest therein, by operation of law or otherwise, nor sublet the Storage Space, nor permit the use thereof by any parties other than Tenant and its employees. Any such transfer without Landlord's prior written consent shall, at Landlord's option, be null, void and of no effect. Landlord agrees not to unreasonably withhold consent to any such transfer if it is made in connection with a Transfer pursuant to Article 21 of this Lease, and the Storage Space shall be deemed assigned to any assignee of Tenant's entire interest in this Lease pursuant to such Article 21, and such assignee shall be deemed to have assumed all obligations with respect thereto, but Tenant shall not be released from any such obligations. Landlord may, at its option, upon at least 30 days' advance written notice to Tenant, change the Storage Space hereunder to other storage spacespace at the Property comparable to the Storage Space herein. Tenant agrees to accept the Storage Space "as is", and Landlord shall have no obligation to maintain or repair the same. Tenant shall extend all of its insurance policies required under this Lease to include the Storage Space, and the property to be located therein. Upon request, Tenant shall provide Landlord with certificates or other satisfactory evidence of such insurance. Landlord shall have no liability whatsoever for any damage to property or any other items located in the Storage Space, nor for any personal injuries or death arising out of any matter relating to the Storage Space, and in all events, Tenant agrees to look first to its insurance carrier for payment of any losses sustained in connection with Tenant's use of the Storage Space. More particularly, but without limitation, Landlord shall have no liability for loss of or damage to any property by theft, vandalism, fire, explosion, falling plaster, steam, gas, electricity, water, rain, bursting of pipes, seepage, dampness, or any other cause. Tenant hereby waives on behalf of its insurance carriers all rights of subrogation against Landlord and its agents. If Tenant shall default under this Article 32, 1888 Xxxxxxx Xxxx Xxxx [SCPIE Holdings Lease] 46 Landlord shall have the right to cancel this Storage Space license on ten (10) days' written notice, unless within such ten (10) day period, Tenant cures such default. Such cancellation right shall be cumulative and in addition to any other rights or remedies available to Landlord at law or equity, or provided under this Lease.

Appears in 1 contract

Samples: Office Lease (Scpie Holdings Inc)

Storage Space. Tenant shall have the option, right to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 occupy approximately 15,000 square feet of storage space located in on the Parking Garage. If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term lower level of the leasing of such Building as identified on Exhibit B-1 hereto (the “Storage Space”) to be used for storage space in connection with Tenant’s business. The term with respect to the Storage Space shall commence on the date on which Landlord so delivers makes the storage space Storage Space available to Tenant and(the “Storage Space Commencement Date”) and shall terminate on the Expiration Date. Tenant shall not pay any Fixed Annual Rent for the use of the Storage Space, unless terminated sooner 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 determining Tenant’s Share. Tenant shall pay to Landlord as an additional charge for electricity supplied to the Storage Space, an amount determined in accordance with Article 16 of this Lease; provided, however, that if the 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 reasonably 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. Tenant shall be permitted to make alterations to the Storage Space at Tenant’s sole expense, subject to the conditions set forth in Article 8 of this Lease, provided that Tenant shall end upon remove any such alterations as directed by Landlord at the termination of this Lease, and (v) to the extent that Landlord and Tenant shall enter into so requires in accordance with Article 8. Tenant’s right to occupy the Storage Space hereunder is a Storage Lease in substantially license otherwise upon the same form terms and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Termconditions set forth in this Lease, Tenant shall pay to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined revocable by Landlord to be at any time upon the prevailing rate for storage space in occurrence of an Event of a Default by Tenant under the Parking Garage leased separately to other tenants terms of the Building (i.e.this Lease, not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share and shall not be increased construed to reflect the addition be a lease of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at any time, may terminate the term of the leasing of the storage such space.

Appears in 1 contract

Samples: American Financial Realty Trust

Storage Space. 29.1 Tenant shall have lease from Landlord during the optionLease Term, to be exercised by written notice to Landlord on or before October 1, 2002, to lease up to 300 approximately one thousand (1,000) square feet of storage space located in as depicted on Exhibit P attached hereto (the Parking Garage“Storage Space”). If Tenant exercises its option to lease any such storage space, then (i) Landlord shall deliver the same to Tenant within ninety (90) days after the date of Tenant's exercise notice, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (iv) the term of the leasing of such storage space shall commence Commencing on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (v) Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior to Landlord's delivery of the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original TermCommencement Date, Tenant shall pay to Landlord the annual rent for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space Storage Space set forth in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rentSection 1.5(b) at the time of the commencement of such Renewal Termhereof. The annual rent payable for such Storage Space shall be payable in equal monthly installments in advance on the first day of each calendar month falling within the term month. Except as otherwise specified in this Section, all of the leasing terms, covenants, conditions and provisions of this Lease, except those contained in Section 5.1 and Exhibit B, shall apply to such Storage Space. Landlord shall, at Landlord’s expense, partition the perimeter boundaries of the storage space. There shall be no additional rent or other charges due Storage Space with wire mesh, and provide lighting and a wire mesh door, with building standard lock set (keyed for such storage space; accordinglyTenant’s use only), and fit out the Tenant's Proportionate Share Storage Space as required by Law (including sprinklers), but Landlord shall not be increased obligated to reflect provide any other alterations or improvements to or for such Storage Space. In addition, Landlord shall not be obligated to furnish any utilities or services to such Storage Space except for electricity reasonably sufficient for lighting the addition Storage Space. Tenant shall use any such Storage Space exclusively for storage purposes consistent with a first-class office building and for no other use or purpose and otherwise in accordance with this Lease (and in no event shall employees of Tenant or other persons occupy or work from such Storage Space). Furthermore, in no event shall Tenant store food, food products or other materials that may attract rodents or other pests in the Storage Space. Landlord shall have the right to change the location and configuration of the storage space. TenantStorage Space from time to time, upon at least provided that: (i) Landlord shall provide Tenant with substitute space of similar nature and size elsewhere in the Building, which will not be any less than approximately 1,000 square feet (the “Substitute Storage Space”), (ii) Landlord shall provide Tenant no less than thirty (30) days prior advance written notice to Landlord given at any time, may terminate the term of the leasing of date Tenant must vacate the storage spaceexisting Storage Space, (iii) Landlord shall cause, at Landlord’s sole cost (and not as an Operating Expense) to be fit-out and constructed in substantially the same condition as the initial Storage Space, (iv) in no event will Tenant’s rent for the Storage Space increase, and (v) Landlord shall, at Landlord’s expense, move the items stored in the Storage Space to the Substitute Storage Space. Upon Landlord’s request, Tenant shall promptly execute a reasonably acceptable amendment to the Lease identifying the Substitute Storage Space.

Appears in 1 contract

Samples: Office Lease Agreement (Blackboard Inc)

Storage Space. Landlord shall lease to Tenant, for the Storage Space Term (as defined below), space within the Building to be used and occupied by Tenant only as storage space for the FF&E identified in the Furniture Inventory List (“Storage Space”). The location of the Storage Space shall be determined in 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 the provisions of the Lease. Tenant shall have pay Landlord as rent for the optionStorage Space (the “Storage Space Rent”) 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 Space until the expiration of the Storage Space Term. The Storage Space Rent shall be exercised by written notice payable as and when Monthly Base Rent is payable, commencing on the date that possession of the Storage Space is delivered to Landlord on or before October 1Tenant. Notwithstanding the foregoing, 2002for purposes of calculating Tenant’s Proportionate Share, to lease up to 300 square feet of storage space located the Storage Space shall not be included in the Parking Garagerentable area of the Premises. If The term for the Storage Space shall commence upon the date that possession of the Storage Space is delivered to Tenant exercises its option to lease any such storage space, then and shall expire upon the earlier of the date when: (i) Landlord shall deliver Tenant elects to exercise its First Refusal Right for the same to Tenant within ninety (90) days after the date of Tenant's exercise noticeROFR Space in accordance with Xxxxxxxxx 00 xxxxx, (ii) the storage space shall be delivered to Tenant with adequate lighting, a ceiling height of not less than 7 1/2 feet, framed out with unfinished sheetrock walls and with a door and a complete lock set, (iii) the storage space shall be in a maximum of two (2) areas; (ivxx) the term of the leasing Lease has expired or is otherwise terminated in accordance with the terms of such storage space shall commence on the date Landlord so delivers the storage space to Tenant and, unless terminated sooner by Tenant, shall end upon the termination of this Lease, and (viii) Tenant notifies Landlord and Tenant shall enter into a Storage Lease in substantially the same form and content as Exhibit I attached hereto prior writing of its election to Landlord's delivery of terminate its occupancy with respect to the Storage Space. During the portion of the term of the leasing of the storage space that occurs during the Original Term, Tenant shall pay Landlord may from time to Landlord for such space annual rent at the rate of $7.00 per square foot of the storage space per annum. During the portion of the term of the leasing of the storage space that occurs during any Renewal Term, Tenant shall pay to Landlord for such space annual rent at a rate reasonably determined by Landlord to be the prevailing rate for storage space in the Parking Garage leased separately to other tenants of the Building (i.e., not included as part of the base rent) at the time of the commencement of such Renewal Term. The annual rent shall be payable in equal monthly installments on the first day of each calendar month falling within the term of the leasing of the storage space. There shall be no additional rent or other charges due for such storage space; accordingly, the Tenant's Proportionate Share shall not be increased to reflect the addition of the storage space. Tenant, upon at least thirty (30) days prior written notice to Landlord given at Tenant, relocate any time, may terminate the term or all of the leasing Storage Space to other storage areas in the Building (“New Storage Space”) 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 physically moving Tenant’s property to the storage spaceNew Storage Space.

Appears in 1 contract

Samples: Lease Agreement (Interhealth Facility Transport, Inc.)

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