Examples of Overflow Parking in a sentence
In the event the obligation to pay the Overflow Parking Rent begins or terminates on some other day other than the first or last day of the month, the fee shall be prorated to reflect the actual period of use based on a thirty (30) day month.
TENANT shall pay COUNTY the prior month’s Overflow Parking Rent in arrears, on or before the twentieth day of each month.
In the event TENANT submitted a proposal under the Request for Proposal PM 1121-0390-0039 that included Overflow Parking, at the commencement of this Lease, or upon written request during the term of the lease, TENANT will be assigned an Overflow Parking area based on the proposal submitted under the Request for Proposal.
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 TENANT elects to utilize Overflow Parking, TENANT shall submit COUNTY’s Overflow Parking Request Form fifteen (15) calendar days before the date required.
The rental rate for Overflow Parking shall be fifty-five ($0.55) per month per square foot of Overflow Parking Rent assigned to Tenant in accordance with the provisions of Article III, LEASED PREMISES and is subject to annual adjustment pursuant to Section 4.02(A) REVISION OF RENT.
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).