Examples of Car Parking Area in a sentence
For that purpose, and under the terms and conditions of this Lease, TENANT agrees to install, operate and maintain a Service Counter in the terminal, Ready Car Parking Area as assigned by the Airport, and a rental car kiosk in the Parking Structure Level Zero Ready Car Parking Area as may be approved by Airport Director.
Ready Car Parking Area consisting of square as shown on “Exhibit B”, attached hereto.
This adjustment shall be calculated by means of the following formula: Where: X = Adjusted Ready Car Parking Area Rent, Common Area Rent, or Overflow Parking Rent A = Prevailing Ready Car Parking Area Rent, Common Area Rent or Overflow Parking Rent B = Monthly index for the fourth month prior to the month in which each rent adjustment is to become effective C = Monthly index for the month in which this Lease is signed by COUNTY and thereafter on each successive anniversary of the date the Lease was signed.
On December 1, 2020, and annually thereafter, Ready Car Parking Area Rent, Common Area Rent and Overflow Parking Rent, if applicable, shall be automatically adjusted in proportion to changes in the Consumer Price Index for Los Angeles-Long Beach-Anaheim (All Urban Consumers - All Items) promulgated by the Bureau of Labor Statistics of the U.S. Department of Labor.
Notwithstanding the foregoing, in no event shall the Ready Car Parking Area Rent, Common Area Rent, or Overflow Parking Rent be reduced by any such adjustment.
That this Lease shall not be construed to be exclusive, and COUNTY shall have the right to lease to additional rental car brands including the use of Service Counter, Ready Car Parking Area and the Overflow Parking.
In the event Additional Ready Car Parking Area is available and is so designated by the Airport Director, an Additional Ready Car Parking Area will be offered to each rental car company.
Should this Lease be terminated during an annual period, or should the first Annual Period be other than a full calendar year, the applicable MAG, Ready Car Parking Area Rent, Common Area Rent, and Overflow Parking Rent shall be prorated on the basis of a three hundred sixty (360) day year.
In the event the market share for any one on-airport rental car concession has changed by 15% or more at the beginning of the fourth annual period compared to prior years, Airport Director or designee may establish a Ready Car Parking Area reallocation plan (“Reallocation Plan”) with which TENANT and the other rental car companies must comply.
TENANT shall submit on or before the first day of each month, payable monthly in advance, payment of Ready Car Parking Area Rent, Common Area Rent and Overflow Parking Rent as provided in Section 4.01 (RENT).