Parking Privileges definition

Parking Privileges. During the Initial Term, Landlord shall provide fourteen parking spaces. Initially, and so long as the Landlord is able to provide surface parking without interfering with the Landlord's plans for the development and leasing of the adjacent portions of University Park, Landlord shall provide surface parking for use by the Tenant in the adjacent parking area for the Cla▇▇ ▇▇ilding lot. If during the Initial Term, Landlord is no longer able to provide sufficient parking spaces without interfering with the development and leasing of the adjacent portions of University Park, the Landlord shall provide an equal number of parking spaces for use of the Tenant in garages or other surface parking lots within University Park. During the Initial Term the Tenant shall pay the market rate from time to time in affect for any parking spaces provided by Landlord in garages or in other surface parking lots as the case may be. Landlord agrees that the market rate charged to the Tenant for parking spaces shall be no greater than rates charged in comparable circumstances in comparable buildings.

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Parking Privileges. Lessee must take a minimum of One Hundred Twenty (120) permits. As and when the need may arise, Lessee may take an additional Forty (40) permits. See Article 32.

Parking Privileges means the right to park a Motor Vehicle in a Parking Stall, Pay

Examples of Parking Privileges in a sentence

LBNL Parking Policy, RPM 1.04, including the referenced Parking Enforcement System for LBNL Employees and Non-Employees Eligible for Parking Privileges describes penalties for parking violations as "discipline" or "disciplinary action." For the purposes of this policy only, the term "discipline" or "disciplinary action" for parking violations means parking sanctions (e.g., suspension or revocation of parking privileges) and/or vehicle immobilization as described in the policy.
LBNL Parking Policy, RPM 1.04, including the referenced Parking Enforcement System for LBNL Employees and Non-Employees Eligible for Parking Privileges, describes penalties for parking violations as "discipline" or "disciplinary action." For the purposes of this policy only, the term "discipline" or "disciplinary action" for parking violations means parking sanctions (e.g., suspension or revocation of parking privileges) and/or vehicle immobilization as described in the policy.
The Tenant understands and agrees the use of any parking spaces shall be subject to the terms and conditions contained in the Landlord's standard Parking Privileges Contract Terms.
The Landlord hereby covenants and agrees that any University Park Parking Privileges Reduction shall be made on a fair and equitable basis with respect to all of the tenants in University Park.
From and after the Additional Space Commencement Date, Tenant’s Number of Parking Privileges, as described in Section 1.1 of the Lease, is hereby increased by 3.0 parking privileges for each 1,000 square feet of rentable floor area of the Additional Building B Space.
For the avoidance of doubt, the Association acknowledges and agrees that regardless of the Parking Privileges, Lessee retains the management rights of the Parking Garage at all times during the Term and that any such Parking Privileges granted by the Association pursuant to this Section are still subject to the Standard at all times.
Lessor shall not charge Lessee for its Parking Privileges or for visitor parking during the Term of this Lease or any extension Term.
The Premises, the Building, the Common Areas (as defined in Section 2.2 below), the land upon which the same are located (the “Site”), along with all improvements thereon or thereunder, are herein collectively referred to as the “Project.” Lessor hereby leases to Lessee and Lessee leases from Lessor for the Term, at the rental, and upon all of the conditions set forth herein, the “Premises” including rights to the Common Areas and the Parking Privileges as hereinafter specified.
Lessee shall have the non-exclusive right to utilize the Common Areas and the exclusive right to utilize the Parking Privileges.
To increase or decrease the Total Number of Parking Privileges, Tenant shall give written notice to Landlord on or before October 1 of the immediately preceding calendar year, and any such adjustment shall be effective as of January 1 of the immediately following calendar year and shall remain in effect for the entirety of such calendar year.

More Definitions of Parking Privileges

Parking Privileges. Commencing sixty (60) days after the Rent Commencement Date and continuing through the Term, Tenant shall be entitled to use and shall pay for 1.5 parking passes per 1,000 rsf (which shall initially be equal to one hundred fifty (150) parking passes) in accordance with Section 2.4 of the Lease. Subject to availability, Tenant shall have the right to lease additional parking spaces from Landlord; such lease for additional parking spaces shall be on a month-to-month basis at the then-prevailing fair market value for such parking spaces.

Parking Privileges shall have the meaning given that term in Section 4.03.

Parking Privileges means the right to park a Motor Vehicle in a Parking Stall, Pay Parking Zone, or Parking Lot by virtue of having purchased time to so park through a parking meter, from a Parking Pay Station or through an Electronic Payment System, in each case as may be employed for use on the Campus by the University.