Common use of Parking Charge Clause in Contracts

Parking Charge. During the Term, Landlord will provide unassigned surface parking to Tenant at no additional cost to Tenant in a ratio of one (1) unassigned surface parking space for each 275 rentable square feet of space in the Premises up to 20,000 rentable square feet, and one (1) unassigned covered parking space for each 2,000 rentable square feet of space in the Premises up to 20,000 rentable square feet; thereafter, Landlord will provide unassigned surface and covered parking to Tenant in a ratio of one (1) parking space for each 333 rentable square feet of space in the Premises over 20,000 rentable square feet, provided that unassigned covered parking shall not exceed a ratio of one (1) parking space EXHIBIT 10.4 for each 2,000 rentable square feet of space in the Premises over 20,000 rentable square feet. For purposes of parking allocations, trainees and students will be included in Tenant's overall usage calculations. All parking, whether covered or uncovered, shall be used on a first-come, first-served, basis. In the future, in the event Landlord institutes a parking control system for the Complex, Tenant will use its best efforts to obtain a completed registration form from Tenant's trainees, students and employees with respect to vehicles driven onto the Complex by Tenant's trainees, students and employees, returning same to Landlord, and cause such trainees, students and employees to display Landlord's parking identification within their vehicle(s). Contemporaneously with the payment of the first (1st) installment of Rent, Landlord will issue to Tenant twenty-one (21) access cards. Tenant shall pay to Landlord as Additional Rent an amount equal to Twenty Dollars ($20.00) each for any additional and/or replacement access card that Tenant needs to gain access to the Building.

Appears in 1 contract

Sources: Lease Agreement (Objectspace Inc)

Parking Charge. During the Term, Landlord will provide unassigned surface parking to Tenant at no additional cost to Tenant in a ratio of one (1) unassigned surface parking space for each 275 rentable square feet of space in the Premises up to 20,000 rentable square feet, and one (1) unassigned covered parking space for each 2,000 rentable square feet of space in the Premises up to 20,000 rentable square feet; thereafter, Landlord will provide unassigned surface and covered parking to Tenant in a ratio of one (1) parking space for each 333 rentable square feet of space in the Premises over 20,000 rentable square feet, provided that unassigned covered parking shall not exceed a ratio of one (1) parking space EXHIBIT 10.4 for each 2,000 rentable square feet of space in the Premises over 20,000 rentable square feet. For purposes of parking allocations, trainees and students will be included in Tenant's overall usage calculations. All parking, whether covered or uncovered, shall be used on a first-come, first-served, basis. In the future, in the event Landlord institutes a parking control system for the Complex, Tenant will use its best efforts to obtain a completed registration form from Tenant's trainees, students and employees with respect to vehicles driven onto the Complex by Tenant's trainees, students and employees, returning same to Landlord, and cause such trainees, students and employees to display Landlord's parking identification within their vehicle(s). Contemporaneously with the payment of the first (1st) installment of Rent, Landlord will issue to Tenant twenty-one (21) access cards. Tenant shall pay to Landlord as Additional Rent an amount equal to Twenty Dollars ($20.00) each for any additional and/or replacement access card that Tenant needs to gain access to the Building.

Appears in 1 contract

Sources: Lease Agreement (Objectspace Inc)