Common use of Off-Site Clause in Contracts

Off-Site. Lessee may lease up to an additional thirty-five (35) spaces through Lessor on the Pepsi Center site immediately north and adjacent to the Premises. Lessee shall give Lessor ninety (90) days advance written notice of its desire to lease off-site spaces. Lessee may increase the number of off-site spaces with additional advance written notice to Lessor, but may not decrease the number of spaces leased by previous notice. Rental shall be at market rate (as established by the Pepsi Center) and is subject to increases on thirty (30) day advance written notice. Off-site spaces will be available 6:00am to 6:00pm, Monday through Friday. In the event of a daytime Pepsi Center event during the available time/date, the Pepsi Center has reserved the right to relocate the spaces to another location on the Pepsi Center site.

Appears in 3 contracts

Sources: Lease (Local Matters Inc.), Lease Agreement (Local Matters Inc.), Lease (Local Matters Inc.)