Garage Spaces definition

Garage Spaces means those enclosed spaces above and below the bulkhead deck used for the storage of pleasure craft, vehicles, jet skis or any other such engine driven units;

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Garage Spaces shall have the meaning set forth in Section 3.1.22 hereof.

Garage Spaces shall be covered, reserved parking spaces located in the detached garage structure on the Real Property. “Other Spaces” shall be first come first serve, uncovered, unreserved spaces in the open surface lot on the Real Property. Notwithstanding the above, the right granted to Tenant to use such spaces is a license only and Landlord’s inability to make such spaces available at any time for reasons beyond Landlord’s reasonable control is not a material breach by Landlord of its obligations hereunder and Tenant has no rights to use the parking garage except as provided in this Section; provided, however, that Landlord shall use good faith efforts to cause other tenants at the Building Complex to not use Tenant’s Garage Spaces. All vehicles parked in the parking garage and the personal property therein shall be at the sole risk of Tenant, Tenant’s Agents and the users of such spaces and Landlord shall, have no liability for loss or damage thereto for whatever cause.

Examples of Garage Spaces in a sentence

• Parking is limited to 2 Garage Spaces and 3 Outside Tandem Parking Spaces.

• Such additional Garage Spaces and Lower Level Spaces shall be subject to such monthly rates, terms, conditions, and regulations as are, from time to time, promulgated by Landlord and charged or applicable to patrons of said Parking Garage or Lower Level Garage for spaces similarly situated within said Parking Garage or Lower Level Garage.

• Upon the occurrence of any breach of such rules or default by Tenant under the Lease, Landlord shall be entitled to terminate this Exhibit, in which event Tenant's right to utilize the Garage Spaces, Lower Level Spaces and/or the Surface Parking shall thereupon automatically cease.

• In its use of the Garage Spaces, Lower Level Spaces --------------------- and the Surface Parking, Tenant shall follow all of the Rules and Regulations of the Building (attached to the Lease as Exhibit "B") applicable thereto, as the same may be amended from time to time.

• The annual Rent payable by the Operating Partnership under the Master Garage Lease (“Vacant Garage Space Rent”) with respect to the Garage Spaces shall be an amount equal to the Garage NCF Deficit Amount as of the date hereof, payable in equal monthly installments on the first (1st) day of each calendar month.

• All motor vehicles (including all contents thereof) shall be parked ---- in the Garage Spaces, Lower Level Spaces or in the Surface Parking, as applicable, at the sole risk of Tenant, its employees, agents, invitees and licensees, it being expressly agreed and understood that Landlord has no duty to insure any of said motor vehicles (including the contents thereof), and that Landlord is not responsible for the protection and security of such vehicles.

• In the event that Tenant expands the Leased Premises, ----------------- Tenant shall be entitled to additional Garage Spaces within the Parking Garage based upon a ratio of one (1) additional Space per additional 1,000 Usable Square Feet incorporated into the Leased Premises and additional Lower Level Spaces within the Lower Level Garage based upon a ratio of one (1) reserved parking space per 3,000 Rentable Square Feet incorporated into the Lease Premises upon availability.

• For convenience, the Garage Spaces and the Lower Level Spaces will sometimes be collectively referred to as the "Spaces" in this Exhibit.

• The rates for the Parking Garage Spaces shall be $150.00 per month for a reserved space and $100.00 per month for an unreserved space.

• The annual Rent payable by the Operating Partnership under the Master Garage Lease (“Vacant Garage Space Rent”) with respect to the Garage Spaces shall be an amount equal to the “Garage NCF Deficit Amount” (as defined in the Mortgage Loan Agreement), payable in equal monthly installments on the first (1st) day of each calendar month.

More Definitions of Garage Spaces

Garage Spaces has the meaning provided in the Hotel Lease.

Garage Spaces means the garage space/s indicated in Annex A.

Garage Spaces means one hundred (100) exclusive parking spaces in the Garage. Job Commitment means RQAW’s agreement and obligation to employ not less than one hundred (100) FTEs at the Office Site at an average salary of not less than Eighty Thousand and no/100 Dollars ($80,000) annually per FTE by December 31, 2021. Multi-Party Agreement shall mean an agreement by and among City or Building Corp., Developer, and the Project Lender pursuant to which (a) the Project Lender agrees to give to City or Building Corp.: (i) notices of defaults by Developer under the Project Loan Documents; (ii) the right (but not obligation) to cure defaults by Developer under the Project Loan Documents;

Garage Spaces means those enclosed spaces above and below the