Examples of Minimum parking requirement in a sentence
Effective as of the 100% Lease Date and so long as Tenant continues to lease the entirety of the Building (i.e., the Initially-Contemplated Premises and the Put Premises), then Tenant’s Minimum Parking Requirement would be 202 Parking Permits.
Effective as of the Lease Commencement Date, Tenant’s Minimum Parking Requirement shall be 109 Parking Permits (based on the Premises containing 111,954 rentable square feet).
In the event that Tenant leases the entirety of the Initially-Contemplated Premises (but none of the Put Premises), then Tenant’s Minimum Parking Requirement shall be 176 Parking Permits.
For example, effective as of the Phase I Premises Rent Commencement Date, Tenant’s Minimum Parking Requirement shall increase to 117 Parking Permits.
Tenant shall have the right, on at least sixty (60) days’ advance written notice, to adjust the number of Parking Permits it uses on a month-to-month basis in an amount not to exceed Tenant’s Maximum Parking Requirement (defined below), provided that Tenant shall at all times during the Lease Term use at least Tenant’s then applicable Minimum Parking Requirement (defined below).