Common use of Number of Parking Spaces Clause in Contracts

Number of Parking Spaces. During the Lease Term, Tenant shall be entitled to contract for up to, but not in excess of, one parking space located in the Garage (the "Garage") to be constructed underneath the Building, for each 2,000 Rentable Square Feet contained within the Premises, but if such calculation would result in a number which is not an integer, then the result shall be rounded down to the next lowest integer, and of which one (1) out of every three (3) parking spaces shall be on a self-parking basis (but not to exceed one hundred (100) self-parking spaces) and Tenant will be issued a like number of access cards therefor which will enable the holder thereof to gain access to the Garage at all times except as otherwise provided in Section 26.4. In order to contract for any of such parking spaces, Tenant shall give written notice to Landlord on or before June 1, 2002 specifying the number of parking spaces for which Tenant shall desire to contract with respect to the Premises. If any of the Expansion Option Space is added to the Premises as provided in Article 22, of if any Offered Space is added to the Premises as provided in Article 28, at the time Tenant gives notice to Landlord of its exercise of its rights to add the Expansion Option Space, or the Offered Space, as the case may be, Tenant shall simultaneously give notice to Landlord of the number of additional parking spaces for which Tenant desires to contract. Tenant may, from time to time, reduce the number of parking spaces for which it has contracted by giving written notice thereof to Landlord at least two (2) months prior to the desired date of such contraction. If, at any time during the Lease Term, Tenant shall not have contracted for the maximum number of parking spaces to which it is entitled under this Section 26.1, or if Tenant has given back any parking spaces, Tenant may, on a priority basis, contract for some or all of the remainder of such parking spaces to which Tenant is entitled upon two (2) months' prior written notice to Landlord of Tenant's desire to contract for such additional parking spaces. The monthly rent from time to time shall be equal to the prevailing rate charged from time to time by Landlord, or the operator of the Garage, as the case may be, but shall not exceed market rates then charged for similar parking spaces in other first class office buildings in the Boston Central Business District. Landlord's failure or inability to provide any such parking spaces, whether because of casualty, eminent domain, or for any other reason beyond Landlord's control, shall in no event entitle Tenant to terminate this Lease.

Appears in 1 contract

Samples: Etre Reit, LLC

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Number of Parking Spaces. During Tenant shall have the right from time to time (but subject to availability with respect to any Unused Spaces (as defined below)), during the Lease Term, Tenant shall be entitled Term to contract for lease up to, but not in excess of, one parking space located in the Garage (the "Garage") to be constructed underneath the Building, for each 2,000 Rentable Square Feet contained within the Premises, but if such calculation would result in a number which is not an integer, then the result shall be rounded down to the next lowest integer, and of which one (1) out unreserved stall in the Project’s garage (“Parking Garage”) per four thousand (4,000) square feet of every three Rentable Area (3the “Parking Ratio”) then being leased by Tenant at the then prevailing market rate, currently $425 per stall per month, and may contract directly with the parking spaces shall be on a self-parking basis (but not to exceed one hundred (100) self-parking spaces) and Tenant will be issued a like number of access cards therefor which will enable the holder thereof to gain access garage vendor for additional stalls, all pursuant to the Garage at all times except as otherwise provided provisions of Paragraph 18(a) below. No later than each respective Commencement Date set forth in Section 26.4. In order to contract for any Item 9 of such parking spaces, the Basic Lease Provisions Tenant shall give provide written notice to Landlord on or before June 1, 2002 specifying of its election of the number of parking spaces for which Tenant shall desire to contract with respect attributable to the Premises. If any portion of the Expansion Option Space is added Premises (based on the Parking Ratio) subject to the Premises as provided in Article 22, of if any Offered Space is added Commencement Date that Tenant has elected to use. In the Premises as provided in Article 28, at the time event Tenant gives fails to provide a written notice to Landlord it shall be deemed that Tenant has elected to use all of its exercise the parking spaces allocated to the portion of its rights to add the Expansion Option Space, or the Offered Space, as the case may be, Premises that is commencing. Tenant shall simultaneously give notice have the right to Landlord of the number of additional parking spaces for which Tenant desires to contract. Tenant may, from time to time, reduce the number of parking spaces for which it has contracted by giving written notice thereof to Landlord at least two (2) months prior to the desired date of such contraction. If, leases at any time during time. To the Lease Term, extent Tenant shall elects to not have contracted for the maximum number of parking spaces to which it is entitled under this Section 26.1, or if Tenant has given back any parking spaces, Tenant may, on a priority basis, contract for some or utilize all of the remainder of such parking spaces attributable to which any portion of the Premises, then, Tenant is entitled may lease such unused parking spaces (“Unused Spaces”) upon two thirty (230) months' days prior written notice request to Landlord of Tenant's desire but only to contract for the extent such additional parking spacesUnused Spaces are then available. The monthly rent from time to time Tenant shall be equal required to the prevailing rate charged from time to time by Landlord, or the operator of the Garage, as the case may be, but shall not exceed market rates then charged for similar parking spaces in other first class office buildings pay a deposit in the Boston Central Business Districtamount of $50.00 (“Transponder Deposit”) for each parking stall provided to Tenant. Landlord's failure or inability There will be an additional charge for each access card to provide any such parking spaces, whether because access to garage outside of casualty, eminent domain, or for any other reason beyond Landlord's control, shall in no event entitle Tenant to terminate this Leasegarage opening hours.

Appears in 1 contract

Samples: Lease Agreement (Salesforce Com Inc)

Number of Parking Spaces. During the Lease Term, Tenant shall be entitled to contract for up to, but not in excess of, one parking space located in the Garage (the "Garage") to be constructed underneath the Building, for each 2,000 Rentable Square Feet contained within the Premises, but if such calculation would result in a number which is not an integer, then the result shall be rounded down to the next lowest integer, and of which one (1) out of every three (3) parking spaces shall be on a self-parking basis (but not to exceed one hundred (100) self-parking spaces) and Tenant will be issued a like number of access cards therefor which will enable the holder thereof to gain access to the Garage at all times except as otherwise provided in Section 26.4. In order to contract for any of such parking spaces, Tenant shall give written notice to Landlord on or before June 1, 2002 specifying the number of parking spaces for which Tenant shall desire to contract with respect to the Premises. If any of the Expansion Option Space is added to the Premises as provided in Article 22, of if any Offered Space is added to the Premises as provided in Article 28, at the time Tenant gives notice to Landlord of its exercise of its rights to add the Expansion Option Space, or the Offered Space, as the case may be, Tenant shall simultaneously give notice to Landlord of the number of additional parking spaces for which Tenant desires to contract. Tenant may, from time to time, reduce the number of parking spaces for which it has contracted by giving written notice thereof to Landlord at least two (2) months prior to the desired date of such contraction. If, at any time during the Lease Term, Tenant shall not have contracted for the maximum number of parking spaces to which it is entitled under this Section 26.1, or if Tenant has given back any parking spaces, Tenant may, on a priority basis, contract for some or all of the remainder of such parking spaces to which Tenant is entitled upon two (2) months' prior written notice to Landlord of Tenant's ’s desire to contract for such additional parking spaces. The monthly rent from time to time shall be equal to the prevailing rate charged from time to time by Landlord, or the operator of the Garage, as the case may be, but shall not exceed market rates then charged for similar parking spaces in other first class office buildings in the Boston Central Business District. Landlord's ’s failure or inability to provide any such parking spaces, whether because of casualty, eminent domain, or for any other reason beyond Landlord's ’s control, shall in no event entitle Tenant to terminate this Lease.

Appears in 1 contract

Samples: American Financial Realty Trust

Number of Parking Spaces. During Tenant shall have the Lease Termexclusive use of level B2 of the parking garage in the Building (the "Building Garage"), consisting of 95 parking spaces, at current market rates. Tenant shall also have the use of 105 parking spaces located in the garage owned and operated by the Land Clearance for Redevelopment Authority of the City of St. Louis and located on City Block 118 in the City of St. Louis (the "St. Louis Centre Garage"), at current market rates. If Landlord provides visitor parking in the Building Garage, Tenant shall be entitled to contract for up toutilize Tenant's Proportionate Share of such visitor parking; provided said visitor parking shall (i) be used only by Tenant's visitors and not by any employees of Tenant, but (ii) be charged at current hourly market rates and (iii) not in excess of, one parking space located be monitored by Landlord and Landlord shall have no obligation to Tenant in the event visitor parking is not available. Tenant may, at Tenant's sole cost and expenses, subject to such reasonable regulations as Landlord shall impose, provide valet parking on level B2 of the Building Garage (and double park said vehicles; provided such valet parking and double parking does not interfere with or hinder the "Garage") to be constructed underneath use of the Building Garage by Landlord, its invitees and the other tenants of the Building; and further provided said double parking does not, in Landlord's reasonable judgment, adversely affect the structural integrity of the Building or disrupt traffic flow to other levels in the Building Garage. Tenant may not restripe level B2 of the Building Garage without Landlord's consent, which consent shall not be unreasonably withheld. Tenant's payment to Landlord for each 2,000 Rentable Square Feet contained within parking on level B2 of the Premises, but if such calculation would result in a number which is not an integer, then the result Building Garage shall be rounded down to the next lowest integer, and of which one (1) out of every three (3) parking spaces shall be on a self-parking basis (but not to exceed one hundred (100) self-parking spaces) and Tenant will be issued a like number of access cards therefor which will enable the holder thereof to gain access to the Garage at all times except as otherwise provided in Section 26.4. In order to contract for any of such based upon 95 parking spaces, Tenant shall give written notice without regard to Landlord on or before June 1, 2002 specifying the actual number of cars parked on such level. All parking spaces in the Building Garage shall be accessible 24 hours per day, seven (7) days per week (subject to interruptions for which Tenant shall desire maintenance and the like) at no additional charge. From and after the Lease Commencement Date, Landlord covenants to contract with respect to the Premises. If any perform those obligations of the Expansion Option Space is added tenant under the lease for the St. Louis Centre Garage which, if not performed, would give the landlord thereunder the right to terminate such lease. Parking spaces in the Premises as provided in Article 22St. Louis Centre Garage shall be available from 7:00 a.m. until 6:00 p.m., of if any Offered Space is added to the Premises as provided in Article 28, at the time Tenant gives notice to Landlord of its exercise of its rights to add the Expansion Option Space, or the Offered SpaceMonday through Friday, as referenced in the case may belease for the St. Louis Centre Garage. At any time after the second lease year, Tenant shall simultaneously give notice have an on-going right to Landlord of the number of additional parking spaces for which Tenant desires to contract. Tenant maysurrender, from time to time, reduce all or any portion of the 105 parking spaces located in the St. Louis Centre Garage to Landlord; provided, that Tenant shall provide Landlord with at least six (6) months prior written notice of the number of parking spaces for which it has contracted by giving written notice thereof to Landlord at least two (2) months prior to the be surrendered and Tenant's desired date of surrender of said parking spaces (each such contractiondate, a "Surrender Date"), which date shall be no earlier than six (6) months after the date of said notice. IfIn the event Tenant exercises the surrender right provided in this Section 1.17, at any time during the Lease Term, Tenant such surrender shall not have contracted for become effective until Landlord and Tenant enter into an amendment to this Lease, which amendment shall stipulate the maximum number and, if applicable, the location, of parking spaces to which it is entitled under this Section 26.1, or if that Tenant has given back any parking spaces, Tenant may, on a priority basis, contract for some or all shall utilize in the St. Louis Centre Garage as of the remainder of such parking applicable Surrender Date. Tenant shall have no right to utilize the surrendered spaces after the applicable Surrender Date and no further obligation to which Tenant is entitled upon two (2) months' prior written notice to pay Landlord of Tenant's desire to contract monthly rental for such additional parking spaces. The monthly rent from time to time shall be equal to the prevailing rate charged from time to time by Landlord, or surrendered spaces after the operator of the Garage, as the case may be, but shall not exceed market rates then charged for similar parking spaces in other first class office buildings in the Boston Central Business District. Landlord's failure or inability to provide any such parking spaces, whether because of casualty, eminent domain, or for any other reason beyond Landlord's control, shall in no event entitle Tenant to terminate this Leaseapplicable Surrender Date.

Appears in 1 contract

Samples: Ebs Building LLC

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Number of Parking Spaces. During the Lease Term, Tenant shall be entitled to contract for up to, but not in excess of, one have the nonexclusive use of 1 parking space per 1,000 square feet of rentable space for the Premises, as acknowledged pursuant to Section 1.8, 21 of which shall be located in the Garage parking garage in the Building (the "Building Garage") and the remainder of which shall be located in the garage owned and operated by the Land Clearance for Redevelopment Authority of the City of St. Louis and located on City Block 118 in the City of St. Louis (the "St. Louis Centre Garage"); provided, however, that as parking spaces become available in the Building Garage as a result of Edison Brothers Stores' exercise of its right to be constructed underneath vacate and surrender portions of its premises in the Building, for every parking space in the Building Garage vacated and surrendered by Edison Brothers Stores after the Lease Commencement Date, Landlord shall offer Tenant, by notification in writing of the availability of substitute parking for each 2,000 Rentable Square Feet contained parking space surrendered by Edison Brothers Stores, 1 parking space in the Building Garage in exchange for 1 parking space in the St. Louis Centre Garage. Tenant shall then have the right to accept such offer and thereby substitute up to 21 (in the aggregate, over the Term) parking spaces located in the St. Louis Centre Garage for parking spaces in the Building Garage so long as Tenant responds to Landlord in writing within five (5) business days of Tenant's receipt of notice of the Premises, but if such calculation would result in a number which is not an integer, then availability of said substitute spaces. All of the result shall be rounded down to the next lowest integer, and of which one (1) out of every three (3) parking spaces shall be on a self-unreserved. Landlord and Tenant hereby acknowledge that five (5) of the parking basis spaces in the Building Garage to be provided to Tenant are considered "double" parking spaces (but not to exceed one hundred (100) self-parking spacesby length or by width) and Tenant will the same shall be issued a like number of access cards therefor which will enable the holder thereof to gain access to the Garage at all times except counted as otherwise provided in Section 26.4. In order to contract for any of such parking spaces, Tenant shall give written notice to Landlord on or before June 1, 2002 specifying the number of parking spaces for which Tenant shall desire to contract with respect to the Premises. If any of the Expansion Option Space is added to the Premises as provided in Article 22, of if any Offered Space is added to the Premises as provided in Article 28, at the time Tenant gives notice to Landlord of its exercise of its rights to add the Expansion Option Space, or the Offered Space, as the case may be, Tenant shall simultaneously give notice to Landlord of the number of additional parking spaces for which Tenant desires to contract. Tenant may, from time to time, reduce the number of parking spaces for which it has contracted by giving written notice thereof to Landlord at least two (2) months prior to the desired date parking spaces for purposes of such contraction. If, at any time during the Lease Term, Tenant shall not have contracted for the maximum number of allocating parking spaces to which it is entitled Tenant under this Section 26.1, or if Tenant has given back any parking spaces, Tenant may, on a priority basis, contract for some or all of the remainder of Lease; such parking double spaces to which Tenant is entitled upon two (2) months' prior written notice to Landlord of Tenant's desire to contract for such additional parking spaces. The monthly rent shall be specifically designated from time to time shall be equal to for Tenant's use. The other eleven (11) spaces in the prevailing rate charged from time to time by Landlord, or the operator of the Garage, as the case may be, but Building Garage are "single" parking spaces and shall not exceed market rates then charged be specifically designated for similar parking spaces in other first class office buildings in the Boston Central Business DistrictTenant's use. Landlord's failure or inability to provide any such parking spaces, whether because of casualty, eminent domain, or for any other reason beyond Landlord's control, shall in no event entitle Tenant to terminate this Lease.In

Appears in 1 contract

Samples: Nondisturbance and Subordination Agreement (Ebs Building LLC)

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