Tenant Parking definition
Examples of Tenant Parking in a sentence
Tenant agrees to limit its use of the Automobile Parking Area to the number and type of parking spaces specified in the subsection entitled "Tenant Parking Spaces" in Section I.
Tenant shall have the right to obtain the number of parking permits designated as Tenant Parking in the Basic Lease Provisions, and each such permit shall authorize Tenant or its employees to park one passenger automobile in the Parking Facilities.
In addition, if the Designated Automobile is parked or standing in any location on the premises other than a Tenant Parking Space shall be subject to towing at Tenant’s expense.
Tenant shall have the non-exclusive right to use, without charge, the Tenant Parking Spaces in the parking area associated with the Building which is more particularly described on Exhibit A attached hereto (the "Parking Area") during the Term subject to such terms, conditions and regulations as are from time to time applicable to patrons of the Parking Area.
During the Term of this lease, Tenant shall pay to Landlord as Additional Rent (defined in §0, xxxxx), the monthly Parking Fee (as defined in the Tenant Parking Agreement).
Without limitation of the foregoing, Tenant shall not park or store any trailers on, or conduct truck loading and unloading activities in the Tenant Parking Area designated for car parking or in the Common Areas in a manner that unreasonably disturbs, disrupts or prevents the use of the Common Areas or other parking areas serving the Building by Landlord, other tenants or licensees or other persons entitled to use the Common Areas or other parking areas serving the Building.
On or before the twentieth (20th) day of each month during the Term, in accordance with and to the extent required by Section 4.3 and Exhibit “R”, Exhibit “R-3” or Exhibit “R-4”, as applicable, Tenant shall pay to Landlord (a) the Parking Improvement Rent based on Tenant Parking Improvement Revenue, (b) the Premises Surface Parking Rent based on the Premises Surface Parking Revenue and (c) the Surface Parking Improvements Rent based on the Surface Parking Improvement Revenue.
As of the Expansion Commencement Date, Tenant shall lease from Landlord an additional six (6) unreserved parking permits in the Garage (for a total of twenty-seven (27) unreserved parking permits), pursuant to the terms of Exhibit F and the Lease, Landlord agrees not to demand or collect from Tenant Parking Rent for such additional parking permits during the existing Parking Abatement Period (which, for the avoidance of doubt, expires by its terms on April 30, 2020).
Tenant’s right to use the Common Areas and Tenant Parking Area for the purposes intended is subject to and conditioned upon Tenant’s compliance with such reasonable rules and regulations as may be established from time to time.
Notwithstanding the foregoing, at any time during the Term, Tenant shall have the right to convert Tenant Parking Spaces from reserved parking spaces to unreserved parking spaces.