Common use of Required Parking Clause in Contracts

Required Parking. 9.1 Tenant agrees that it shall (together with tenants under Other Leases) provide patrons of the Coliseum access to and use, at market rates, of a minimum of 6,500 parking spaces on the Land (or such lesser amount as Landlord and Tenant may mutually agree upon) and/or land leased under Other Leases, which parking spaces may be surface parking spaces, parking spaces located within building structures or any combination thereof (the "Required Parking"), during all events at the Coliseum (if any); provided, however, that the Required Parking shall be reduced on a one to one basis in the event of and to the extent of any Taking of all or any portion of the Required Parking. Notwithstanding anything contained herein to the contrary, Tenant shall (together with tenants under Other Leases) provide at least two thousand (2,000) parking spaces on the Land and/or land leased under Other Leases at a rate not to exceed Twenty Dollars ($20.00) per space per event, subject to annual increases (rounded upward to the nearest whole dollar) based on increases in the CPI Index (the "Reduced Rate Parking").

Required Parking. ‌ 9.1 Tenant agrees that it shall (together with tenants under Other Leases) provide patrons of the Coliseum and/or improvements under Other Leases access to and use, at market rates, of a minimum of 6,500 parking spaces on the Land (or such lesser amount as Landlord and Tenant may mutually agree upon) and/or land leased under Other Leases, which parking spaces may be surface parking spaces, parking spaces located within building structures or any combination thereof (the "Required Parking"), during all events at the Coliseum (if any)Coliseum; provided, however, that the Required Parking shall be reduced on a one to one basis in the event of and to the extent of any Taking of all or any portion of the Required Parking. Notwithstanding anything contained herein to the contrary, Tenant shall (together with tenants under Other Leases) provide at least two thousand (2,000) parking spaces on the Land and/or land leased under Other Leases at a rate not to exceed Twenty Dollars ($20.00) per space per event, subject to annual increases (rounded upward to the nearest whole dollar) based on increases in the CPI Index (the "Reduced Rate Parking"). The parties may modify the foregoing Reduced Rate Parking requirement if Tenant provides structured parking on site.