Common use of Spaces Clause in Contracts

Spaces. Subject to the provisions of this Section 5, Subtenant shall have the parking rights as Sublandlord has with respect to the Premises under the Master Lease (the “Parking Spaces”) during the Term; provided, however, in the event Master Landlord shall reduce the number of Parking Spaces made available to Sublandlord by Master Landlord from time to time during the Term, Sublandlord shall have the right, effective upon written notice to Subtenant, to reduce the number of Parking Spaces available to Subtenant on a basis proportionate to the reduction in Sublandlord’s Parking Spaces. Such Parking Spaces are unassigned and nonexclusive spaces.

Appears in 2 contracts

Sources: Sublease (Five Prime Therapeutics Inc), Sublease (Five Prime Therapeutics Inc)