Common use of Storage Area Clause in Contracts

Storage Area. Tenant shall have the option to lease the Storage Area, located on floor P3 of the Building, and more specifically described on Exhibit C attached to the Lease, by notice given to Landlord prior to January 1, 1992. If Tenant exercises such option, the Storage Area shall be used by Tenant upon the following terms, covenants and conditions: (a) Tenant shall pay as part of Gross Rent an amount equal to Ten Dollars ($10.00) per square foot of Net Rentable Area of the Storage Area for each year of the Term. During any Extended Term, the Rent per square foot of Net Rentable Area of the Storage Area for each year shall be increased by multiplying Ten Dollars ($10.00) by a fraction, the numerator of which is the Base Rent payable during such Extended Term and the denominator of which is Twelve and 27/100 Dollars ($12.27). (b) There shall not be a separate Operating Cost or Impositions charge to Tenant with respect to the Storage Area; rather, the cost of maintaining, repairing and operating the Storage Area and Impositions thereon, shall be paid by Landlord as a part of the cost of operating and maintaining the Building, and shall be included in the total Operating Cost and Impositions allocated among the tenants in the Building. (c) Tenant shall be responsible for maintenance of the interior of the Storage Area and shall assume all risk of loss or damage with respect to property stored therein, except to the extent that such loss is caused by the negligence or willful misconduct of Landlord. Maintenance of the exterior of the Storage Area, the portion of the Building in which the Storage Area is located and access thereto shall be the responsibility of Landlord, which Landlord shall perform in the same manner as is provided with respect to other areas in the Building for which Landlord has retained responsibility. (d) Landlord shall deliver the Storage Area to Tenant hereunder on a "shell" basis, which shall consist of space enclosed by a concrete or sheet rock wall and a concrete floor, one lockable entry, lights provided by strip lighting and one light switch (or additional entries or light switches as may be required by the applicable building codes).

Storage Area. Tenant shall have the option to lease the Storage Area, located on floor P3 of the Building, and more specifically described on Exhibit C attached to the Lease, by notice given to Landlord prior to January 1, 1992. If Tenant exercises such option, the Storage Area shall be used by Tenant upon the following terms, covenants and conditions: (a) Tenant shall pay as part of Gross Rent an amount equal to Ten Dollars ($10.00) per square foot of Net Rentable Area of the Storage Area for each year of the Term. During any Extended Term, the Rent per square foot of Net Rentable Area of the Storage Area for each year shall be increased by multiplying Ten Dollars ($10.00) by a fraction, the numerator of which is the Base Rent payable during such Extended Term and the denominator of which is Twelve and 27/100 Dollars ($12.27). (b) There shall not be a separate Operating Cost or Impositions charge to Tenant with respect to the Storage Area; rather, the cost of maintaining, repairing and operating the Storage Area and Impositions thereon, shall be paid by Landlord as a part of the cost of operating and maintaining the Building, and shall be included in the total Operating Cost and Impositions allocated among the tenants in the Building. (c) Tenant shall be responsible for maintenance of the interior of the Storage Area and shall assume all risk of loss or damage with respect to property stored therein, except to the extent that such loss is caused by the negligence or willful misconduct of Landlord. Maintenance of the exterior of the Storage Area, the portion of the Building in which the Storage Area is located and access thereto shall be the responsibility of Landlord, which Landlord shall perform in the same manner as is provided with respect to other areas in the Building for which Landlord has retained responsibility. (d) Landlord shall deliver the Storage Area to Tenant hereunder on a "“shell" ” basis, which shall consist of space enclosed by a concrete or sheet rock wall and a concrete floor, one lockable entry, lights provided by strip lighting and one light switch (or additional entries or light switches as may be required by the applicable building codes).

Storage Area. Commencing on the 1400 Building Premises Commencement Date, in connection with ▇▇▇▇▇▇’s use and occupancy of the 1400 Building Premises, Tenant shall have the option right to lease use that certain Storage Area in the 1400 Building commonly known as Suite 14-010 consisting of approximately 153 rentable square feet in the basement of the 1400 Building as more particularly described on Exhibit B attached hereto (“Storage Area”) for the storage of Tenant’s property and for no other use or purpose. Tenant may not store any Hazardous Materials in the Storage Area, located on floor P3 . Tenant shall have all of the Building, and more specifically described on Exhibit C attached obligations under the Lease with respect to the Lease, by notice given to Landlord prior to January 1, 1992. If Tenant exercises such option, the Storage Area shall be used by Tenant upon the following terms, covenants and conditions: (a) Tenant shall pay as part of Gross Rent an amount equal to Ten Dollars ($10.00) per square foot of Net Rentable Area of though the Storage Area for each year were part of the Term. During any Extended TermPremises, the Rent per square foot of Net Rentable Area of the Storage Area for each year shall be increased by multiplying Ten Dollars except that ($10.00i) by a fraction, the numerator of which is the Base Rent payable during such Extended Term and the denominator of which is Twelve and 27/100 Dollars ($12.27). (b) There shall not be a separate Operating Cost or Impositions charge to by Tenant with respect to the Storage Area shall be $8,032.50 per year, and (ii) Tenant shall not be required to pay Operating Expenses with respect to the Storage Area; rather, the cost . Tenant acknowledges and agrees that (x) a representative of maintaining, repairing and operating Landlord is required to accompany Tenant or any Tenant Parties to the Storage Area and Impositions thereon, shall be paid by Landlord as a part of the cost of operating and maintaining the Building, and shall be included in the total Operating Cost and Impositions allocated among the tenants in the Building. (cy) Tenant shall be responsible required to provide Landlord with not less than 1 hours’ advance notice (which notice may be telephonic or via email) prior to any planned access to the Storage Area in order for maintenance a Landlord representative to be made available. For the avoidance of doubt, neither Tenant nor any Tenant Parties shall have access to the interior of Storage Area without a Landlord representative being present. Landlord shall have no obligation to make any repairs or other improvements to the Storage Area and Tenant shall assume all risk maintain the same, at Tenant’s sole cost and expense, in substantially the same condition as received during the term as though the same were part of loss the Premises. Tenant shall not make any alterations, additions, or damage improvements to the Storage Area of any kind whatsoever. Tenant shall, at Tenant’s sole cost and expense, surrender the Storage Area at the expiration nor earlier termination of the term of the Lease free of any debris and trash and free of any Hazardous Materials in accordance with the requirements of Section 28 of the Lease. The term of the Lease with respect to property stored therein, except to the extent that such loss is caused by the negligence or willful misconduct of Landlord. Maintenance of the exterior of the Storage Area, the portion of the Building in which the Storage Area is located and access thereto shall be expire on the responsibility expiration or earlier termination of Landlord, which Landlord shall perform in the same manner as is provided with respect to other areas in term of the Building for which Landlord has retained responsibilityLease. (d) Landlord shall deliver the Storage Area to Tenant hereunder on a "shell" basis, which shall consist of space enclosed by a concrete or sheet rock wall and a concrete floor, one lockable entry, lights provided by strip lighting and one light switch (or additional entries or light switches as may be required by the applicable building codes).