Common use of Storage Space Clause in Contracts

Storage Space. In addition to the Leased Premises, Landlord agrees that Tenant may use from and after the date that the same is delivered to Tenant (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided herein. Tenant shall accept the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN ▇▇▇▇ TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).

Appears in 1 contract

Sources: Office Lease Agreement (SI-BONE, Inc.)

Storage Space. In addition to Tenant’s rights to lease the Leased PremisesStorage Premises in accordance with the terms of Section 29.30 of the Office Lease, Landlord agrees that Tenant may use from and after shall be entitled, at any time following the date that commencement of construction within the same is delivered Improvement Space, but subject to Tenant availability, to lease up to an additional 3,000 square feet of storage space (which may, at Landlord’s option, be provided in up to two (2) increments) (the “Additional Storage Delivery DatePremises”). In no event shall Landlord be required to perform any demolition or tenant improvement work or convert any space (whether then comprised of office space, retail space, parking or other non- storage space) to storage space for purposes of providing the same to Tenant. In the event that Landlord shall rent Additional Storage Premises to Tenant in accordance with the terms hereof, Tenant shall pay to Landlord, monthly storage rent in an amount equal to $0.75 per square foot per month for the sole and express purpose first year of such lease, with three percent (3%) annual increases thereafter. All storage of items used in conjunction rent shall be due on a monthly basis concurrently with Tenant’s business payment of the Base Rent due with respect to the Premises, and shall constitute Additional Rent under the Lease, as amended hereby. Tenant shall give prompt notice to Landlord in case of fire or accidents in or about the Additional Storage Premises or of defects therein or in the Leased fixtures or equipment related thereto. Tenant acknowledges and agrees that Landlord shall have no obligation to provide any security for the Additional Storage Premises. Notwithstanding the foregoing, approximately six hundred forty-eight (648) square feet Landlord hereby acknowledges and agrees that the access control services provided by Landlord pursuant to the terms of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms Section 6.1.7 of the Lease except shall apply with respect to Tenant’s lease of the Additional Storage Premises to the extent the Additional Storage Premises are located in the Building and not the “6310 Building,” as specifically provided hereinthat term is defined below. The Additional Storage Premises, if leased by Tenant, shall be leased by Tenant shall accept the Storage Space in its then existing, “as as-is” condition. Any alterations or improvements to be performed by Tenant in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of fully responsible for repairing any damage to the LeaseAdditional Storage Premises to the extent such damage results from or relates to Tenant’s use thereof. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes Tenant’s insurance obligations under the Lease, the Storage Space Lease shall be deemed also pertain to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area Tenant’s use of the Storage Space Premises. The exact location of the Additional Storage Premises shall not, however, be included determined by Landlord in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on its sole and absolute discretion and may be located in the Storage Space. ▇▇Building and/or in the building located at 6▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (the “Agreement”) made this 27 day of February, 2014, by and between FRIT SAN ▇▇▇▇ TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord6310 Building”). Tenant hereby acknowledges and agrees, however, that (i) the 6310 Building is currently owned by an affiliate of Landlord and that any rights to storage space in the 6310 Building shall terminate to the extent that such affiliate of Landlord shall sell the 6310 Building, and SI-BONE(ii) to the extent Tenant shall lease storage space pursuant to the terms hereof in the 6310 Building, INCTenant shall execute commercially reasonable documentation consistent with the terms of this Section 6 which may be provided by Landlord or Landlord’s affiliate in connection with Tenant’s lease of storage space at the 6310 Building. Tenant hereby acknowledges that, to the extent Additional Storage Space is not available as set forth herein, Landlord shall have no liability to Tenant in connection therewith and all of the terms of the Lease, as amended hereby, shall remain in full force and effect., a Delaware corporation, (“Tenant”).

Appears in 1 contract

Sources: Office Lease (EMAK Worldwide, Inc.)

Storage Space. In addition to the Leased Premises, Landlord agrees that Tenant may use from and after the date that the same is delivered to Tenant (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided herein. Tenant shall accept the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN ▇▇▇▇ TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).

Appears in 1 contract

Sources: Office Lease Agreement (SI-BONE, Inc.)

Storage Space. In addition Landlord shall lease to Tenant, and Tenant shall lease from Landlord, for a term coterminous with this Lease, up to a total of 2,211 usable square feet of storage space, being on Level P3 of the Leased Premises, Landlord agrees that Tenant may use from and after the date that the same is delivered to Tenant Building (the “Storage Delivery DateSpace”), for the sole and express purpose of general office storage use and/or for storage of items used Tenant’s miscellaneous training materials and supplies, store fixtures, samples, merchandise, promotional goods and materials, and other supplies for office or retail use in conjunction with Tenant’s business and for no other purpose. Such Storage Space will be caged and locked. Tenant shall pay as a “gross rent” for the Storage Space the amount of $12.00 per annum per usable square foot of the Storage Space in equal monthly installments. Such rent shall be payable on or before the first (1st) day of each month during the Term in the Leased Premisesmanner set forth in this Lease. Tenant shall not permit the use or occupancy of the Storage Space by any person or entity other than Tenant, approximately six hundred forty-eight (648) square feet its agents or employees. Upon Tenant’s leasing of basement storage space, commonly known as Space #13200B (hereinafter “the Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided herein. Tenant shall accept the Storage Space in its “as isAS IS” condition. Any alterations or condition and agrees that Landlord shall have no obligation to make any improvements to be performed by Tenant in the Storage Space. The lease of the Storage Space shall be performed in accordance with plans and specifications approved in advance governed by Landlord, and in accordance with all applicable provisions of the Lease. Tenant may use other terms and conditions of the Storage Space throughout the TermLease including, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Leasebut not limited to, the Storage Space shall be deemed to be a part of the Leased Premisesindemnity and insurance provisions therein, except as otherwise provided in this Addendum. Tenant shall pay Landlord that the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area square footage of the Storage Space shall notnot be used in calculating Basic Rent for the Leased Premises, howeverAdditional Rent, be included in or any tenant improvement allowance hereunder or any other calculation based upon the rentable square footage of the Leased Premises. Tenant hereby agrees to provide Landlord with a certificate evidencing insurance coverage of the Storage Space prior to Tenant’s Proportionate share for purposes occupancy of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (The Storage Space is depicted on Schedule “Agreement”) made this 27 day of February, 2014, by and between FRIT SAN ▇▇▇▇ TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCG-5” attached hereto., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).

Appears in 1 contract

Sources: Lease Agreement (Carters Inc)

Storage Space. In addition to Effective as of the Leased PremisesSecond Floor Commencement Date, Landlord agrees that Tenant may use from and after the date that the same is delivered hereby leases to Tenant (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, certain additional space containing approximately six hundred forty-eight (648) 1,000 rentable square feet of basement storage space, commonly known in such areas as Space #13200B (hereinafter “Storage Space”) in the approximate location shown more particularly designated on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided herein. Tenant shall accept the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. ▇▇▇▇▇ ▇- ▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ THIS LEASE EXTENSION AND MODIFICATION AGREEMENT hereto. In addition, Landlord hereby grants to Tenant the right to lease certain additional storage space in such areas of the Project as are designated for storage by Landlord on a first-come, first-served basis (“Agreement”the initial storage space and additional storage space leased to Tenant by Landlord, if any, are collectively the "Storage Space"). Tenant may exercise its option to lease additional Storage Space from time to time throughout the term of the Lease by giving written notice to Landlord of its desire to lease the same, which notice shall be conditioned upon the availability of the desired space. Tenant shall pay Landlord an annual rental for the Storage Space (the "Storage Rent") made equal to $10.25 per rentable square foot of GLA of the Storage Space, adjusted annually at the rate of 2 1/2% per annum. The Lease Years for Storage Space shall be concurrent with the Lease Years for the Premises. No janitorial or trash removal services shall be provided to the Storage Space. No other charges shall be applied, as Additional Rent or otherwise, to the Storage Space, except for charges incurred by Landlord in enforcing its rights relating to the Storage Space under this 27 day Lease, in accordance with the terms of Februarythis Lease. The Tenant shall have the option, 2014exercisable at any time during the Term, by and between FRIT SAN ▇▇▇▇ TOWN AND COUNTRY VILLAGEto cancel its lease of the Storage Space, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation upon thirty (“30) days' prior written notice to the Landlord”. Except as provided in this Section 2.1(b), the terms and SI-BONEconditions of Tenant's occupancy of the Storage Space shall be as set forth in this Lease. The Storage Space shall be leased in its absolute "AS IS" condition. There shall also be no core factor for the Storage Space (i.e., INC., a Delaware corporation, (“Tenant”the usable areas shall be equal to the rentable area).

Appears in 1 contract

Sources: Office Lease Agreement (Teligent Inc)

Storage Space. In addition to the Leased Premises, A. Landlord agrees that Tenant may use from hereby demises and after the date that the same is delivered leases to Tenant and Tenant hereby accepts and leases from Landlord during the Term, certain storage space located on the 26th floor of the Building containing six hundred thirty-one (631) square feet, as outlined on Exhibit B attached hereto and made a part hereof (the “Storage Delivery DateSpace”). Except as specifically set forth in this Paragraph 71, for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms and conditions of the this Lease except as specifically provided herein. Tenant shall accept apply to the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in if the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a were part of the Leased Premises, except as otherwise provided in this Addendum. and all references to the Leased Premises contained herein, shall, where applicable, be deemed to be references to the Lease Premises and the Storage Space. B. In addition to Base Rent, Tenant shall pay to Landlord the following as Additional Rent hereunder, rental for the Storage Space (the “Storage Space RentRental”): Rent Period Annually Monthly ) in an amount equal to five hundred seventy-eight dollars and 42/100 ($578.42) per month (equivalent to an annual rate of $11.00 per square foot of such Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 Space). The Storage Space Rent Rental shall be due and payable increased by Tenant monthly in advance an amount equal to three percent (3%) of the then Storage Space Rental on each anniversary of the first day of every calendar month Commencement Date during the Term, unless terminated earlier as provided above. The Floor Area of Term and such increased Storage Space Rental shall then be the Storage Space shall not, however, be included Rental for the next succeeding year of the Term. The Storage Space Rental set forth in this Paragraph 71B includes all Taxes and Operating Expenses with respect to the Storage Space and Tenant’s Proportionate share Share of Taxes and Operating Expenses shall not be adjusted to include any such amounts which would otherwise be allocable to the Storage Space. C. The Storage Space shall be used by Tenant solely for purposes the storage of calculating Tax Rent or papers, files, records and other office materials used in connection with the conduct of Tenant’s Share business from the Leased Premises and for no other purpose whatsoever. Tenant covenants and agrees to maintain the Storage Space in a clean and orderly condition and to maintain, at all times, clear aisles between the items stored by Tenant in the Storage Space with minimum widths of Operating Coststhree feet (3’), nor shall Tenant pay Minimum Rent on sufficient to allow Landlord access to the Building equipment located in the Storage Space. In connection therewith, Landlord shall at all times retain pass keys to the Storage Space and shall make reasonable efforts, but shall have no obligation, to notify Tenant prior to Landlord’s entry into the Storage Space. D. Tenant agrees that it will repair promptly, at its own expense, any damage to the Storage Space caused by bringing into the Storage Space any property for Tenant’s use or storage, or by the removal of such property, or by the negligence of Tenant or Tenant’s employees, and that it will surrender the Storage Space at the expiration of the Term in as good condition as when received, reasonable wear and tear and damage by fire or other current casualty excepted broom clean and free of all debris. E. Landlord shall construct the Storage Space pursuant to plans and specifications approved by Tenant. Tenant shall pay any and all costs incurred with respect to the preparation and approval of such plans and specifications as well as the construction of the Storage Space; provided, however, that Landlord shall credit against the Storage Space Rental next due and owing hereunder any such amounts so paid by Tenant, not to exceed, in the aggregate, one thousand seven hundred and sixty dollars ($1,760.00). F. Tenant shall have the right from time to time to terminate the lease for all or any of the three portions of Storage Space set forth in this Paragraph 71 at any time after the third (3rd) anniversary of the Commencement Date by giving Landlord written notice of its intent to so terminate no later than ninety (90) days prior to the effective date of such termination. In the event of such termination, Tenant shall pay to Landlord, together with the giving of such notice, an amount equal to the then unamortized portion of the sum of the commission paid by Landlord to ▇.▇▇▇▇ ▇▇ ▇▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ THIS LEASE EXTENSION AND MODIFICATION AGREEMENT & Co. and Landlord’s in-house commission in connection with the lease of this Storage Space. Landlord and Tenant hereby agree that for the purpose of calculating such payment, said commission shall be allocated pro-rata on a square footage basis to each portion of the Storage Space and amortized evenly over a fifteen (“Agreement”15) made this 27 day of Februaryyear period commencing on the Commencement Date. 10. Except as expressly set forth herein, 2014the Lease shall remain unmodified and in full force and effect, by and between FRIT SAN ▇▇▇▇ TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by enforceable in accordance with its managing member, STREET RETAIL, INCterms., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).

Appears in 1 contract

Sources: Lease Agreement (Gallagher Arthur J & Co)

Storage Space. In addition a. Landlord shall provide Tenant with a license to the Leased Premises, Landlord agrees that Tenant may use from and after the date that the same is delivered to Tenant space (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided herein. Tenant shall accept the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions of the Lease. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space storage of Tenant’s furniture and equipment for a time period (the “Storage Space RentPeriod”): Rent Period Annually Monthly Storage Delivery Date ) beginning upon the date of surrender of the 1380 Willow Premises (other than the 1380 Datacenter) ________________________ *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 the omitted portions. and ending upon the earliest to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by occur of (i) September 30, 2017, (ii) the date that Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of informs Landlord it no longer requires the Storage Space shall not, however, be included in and (iii) the date that all of the Leases are terminated due to Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor default. The initial Storage Space shall Tenant pay Minimum Rent on be the Storage Space. ▇▇▇▇▇ ▇▇ ▇▇1180 ▇▇▇▇▇▇▇▇ Premises. Within a reasonable period prior to Tenant’s surrender of the 1003-1005 ▇▇▇▇▇▇▇▇ Premises, additional storage space (the “Additional Storage Space”) to be designated by Landlord shall be added to the Storage Space for the storage of Tenant’s furniture and equipment located in the 1003-1005 ▇▇ ▇▇▇▇▇▇▇ Premises. The Additional Storage Space shall consist of at least 11,000 square feet of warehouse space and may be at a location other than the Industrial Center (so long as it is within a five (5) mile radius of the Industrial Center) and shall be available through the end of the Storage Space Period. Landlord may designate alternative Storage Space within a five (5) mile radius of the Industrial Center (the “Relocated Storage Space”) that is not smaller than the Storage Space from time to time upon sixty (60) days’ notice to Tenant. Landlord shall reimburse Tenant for all of the actual out-of-pocket costs reasonably incurred by Tenant to move its furniture and equipment (i) from the 1380 Willow Premises and the 1003-1005 ▇▇▇▇▇▇▇▇ THIS LEASE EXTENSION AND MODIFICATION AGREEMENT Premises to the Storage Space and (“Agreement”ii) made this 27 day from the Storage Space to any Relocated Storage Space; provided that all such costs must be approved by Landlord in writing prior to the commencement of Februaryany moving work. b. Except to the extent caused by the gross active or gross passive negligence or willful misconduct of Landlord or any Landlord Entity, 2014Tenant shall protect, by and between FRIT SAN ▇▇▇▇ TOWN AND COUNTRY VILLAGEdefend, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”)indemnify, and SI-BONEhold Landlord and Landlord Entities harmless from and against any and all loss, INCclaims, liability, or costs (including court costs and reasonable attorneys’ fees) incurred in connection with the use of the Storage Space (and Additional Storage Space, if applicable) and movement of Tenant’s furniture and equipment., a Delaware corporation, (“Tenant”).

Appears in 1 contract

Sources: Lease Amendment Agreement (Pacific Biosciences of California, Inc.)

Storage Space. In addition to the Leased Premises described in the Lease, commencing on Sept 1, 2014 Landlord hereby rents and leases to Tenant, and Tenant hereby rents and leases from Landlord, the Storage Space, upon the same terms and conditions as contained in the Lease for the lease of the Premises, Landlord agrees that Tenant may use from and after the date that the same is delivered to Tenant (the “Storage Delivery Date”), for the sole and express purpose of storage of items used in conjunction with Tenant’s business in the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided herein. follows: a. Tenant shall accept pay monthly rent to Landlord for the Storage Space as and when Base Rent is due under the Lease in its “as is” condition. Any alterations or improvements to the amount of $265 per month; Base Rent shall be performed escalated by Tenant in annually by 2% beginning October 1, 2015; b. The lease term of the Storage Space shall expire and be performed in accordance co-terminus with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions the Lease of the Lease. Premises, as it may be extended from time to time; c. Tenant may use the Storage Space throughout the Termonly as a storage area and people may not be assigned to work therein on a full-time basis; d. From time to time and in Landlord's sole discretion, whereupon Tenant shall vacate and surrender Landlord may relocate the Storage Space in connection with a relocation of the Premises; e. Landlord shall provide only the following services to the Storage Space: i. electricity; and ii. janitorial service for common areas. f. The Storage Space shall not be included in determining the number of parking spaces g. Tenant accepts such Storage Space on an "AS IS, WHERE IS" basis, "WITH ALL FAULTS" and without any representations and warranties whatsoever, and no work or improvements or any allowance therefor shall be required from Landlord in good and broom clean conditionfor such Storage Space. For all purposes under the Lease, Tenant shall not make any improvements or alterations to the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN ▇▇▇▇ TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCwithout Landlord's consent., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).

Appears in 1 contract

Sources: Lease Agreement (Manhattan Associates Inc)

Storage Space. In addition Commencing as of the Commencement Date, and continuing on a month-to-month basis terminable by either party upon at least thirty (30) days prior written notice to the Leased Premisesother, Tenant shall lease from Landlord agrees that Tenant may use from and after the date that the same is delivered Landlord shall lease to Tenant certain storage area located on the P-1 floor of the Project("Storage Space") which Storage Space consists of approximately 362 rentable square feet (the “Storage Delivery Date”"RSF"), for at the sole and express purpose of storage of items used in conjunction with Tenant’s business in location currently leased by Tenant pursuant to its existing lease at the Leased Premises, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms of the Lease except as specifically provided hereinProject. Tenant shall hereby agrees to accept the Storage Space in its “as "as-is” condition. Any alterations " condition and Tenant hereby acknowledges that Landlord shall not be obligated to provide or improvements pay for any improvement work or services related to be performed by Tenant in the improvement of the Storage Space shall be performed in accordance with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions Space. Tenant also acknowledges that Landlord has made no representation or warranty regarding the condition of the LeaseStorage Space. (a) Monthly Storage Rent. Tenant may use the Storage Space throughout the Term, whereupon Tenant shall vacate and surrender the Storage Space to Landlord in good and broom clean condition. For all purposes under the Lease, the Storage Space shall be deemed to be a part of the Leased Premises, except as otherwise provided in this Addendum. Tenant shall pay Landlord the following as Additional Rent The monthly rental rate for the Storage Space ("Monthly Storage Rent") shall be One and 50/100 Dollar ($1.50) per RSF per month of the “Storage Space Rent”): Rent Period Annually per month ($543.00 per month) throughout the term of Tenant's lease of the Storage Space. Such Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar each month in advance during the TermLease Term at the same time and in the same manner as monthly Basic Rental for the Premises. In the event the Monthly Storage Rent is not paid when due, unless terminated earlier Landlord shall have the same rights as provided abovein Article 20 of this Lease for unpaid rent. The Floor Area Tenant's Proportionate Share shall not be increased as a result of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on 's leasing the Storage Space. ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN ▇▇▇▇ TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INC., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).

Appears in 1 contract

Sources: Credit, Security, Guaranty and Pledge Agreement (Kushner Locke Co)

Storage Space. In addition to the Leased Premises described in the Lease, commencing on May 1, 2015 (“Additional Storage Space Commencement Date”) Landlord hereby rents and leases to Tenant, and Tenant hereby rents and leases from Landlord, the Additional Storage Space, upon the same terms and conditions as contained in the Lease for the lease of the Premises, except as follows: a. Tenant shall pay monthly rent to Landlord agrees that Tenant may use from and after the date that the same is delivered to Tenant (the “Storage Delivery Date”), for the sole Additional Storage Space as and express purpose of storage of items used in conjunction with Tenant’s business when Base Rent is due under the Lease in the Leased Premisesamount of $661.35 per month. Base Rent shall be escalated by annually by 2% beginning July 1, approximately six hundred forty-eight (648) square feet of basement storage space, commonly known as Space #13200B (hereinafter “Storage Space”) in the approximate location shown on Addendum II, Schedule 1 attached hereto, in accordance with all terms 2016; b. The lease term of the Lease except as specifically provided herein. Tenant shall accept the Storage Space in its “as is” condition. Any alterations or improvements to be performed by Tenant in the Additional Storage Space shall expire and be performed in accordance co-terminus with plans and specifications approved in advance by Landlord, and in accordance with all applicable provisions the Lease of the Lease. Premises, as it may be extended from time to time; c. Tenant may use the Additional Storage Space throughout only as a storage area and people may not be assigned to work therein on a full-time basis; d. Landlord shall provide only the Term, whereupon Tenant shall vacate and surrender following services to the Additional Storage Space to Landlord in good and broom clean conditionSpace: i. electricity; and ii. For all purposes under the Lease, the Janitorial service for common areas; e. The Additional Storage Space shall not be deemed to included in determining the number of parking spaces; and f. Tenant accepts such Additional Storage Space on an "AS IS, WHERE IS" basis, "WITH ALL FAULTS" and without any representations and warranties whatsoever, and no work or improvements or any allowance therefor shall be a part of the Leased Premises, except as otherwise provided in this Addendumrequired from Landlord for such Additional Storage Space. Tenant shall pay Landlord not make any improvements or alterations to the following as Additional Rent for the Storage Space (the “Storage Space Rent”): Rent Period Annually Monthly Storage Delivery Date to 12/31/2014 $ 15,552.00 $ 1,296.00 1/01/2015 to 12/31/2015 $ 16,018.56 $ 1,334.88 1/01/2016 to 12/31/2016 $ 16,499.12 $ 1,374.93 The Storage Space Rent shall be due and payable by Tenant monthly in advance on the first day of every calendar month during the Term, unless terminated earlier as provided above. The Floor Area of the Storage Space shall not, however, be included in Tenant’s Proportionate share for purposes of calculating Tax Rent or Tenant’s Share of Operating Costs, nor shall Tenant pay Minimum Rent on the Storage Space. ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ THIS LEASE EXTENSION AND MODIFICATION AGREEMENT (“Agreement”) made this 27 day of February, 2014, by and between FRIT SAN ▇▇▇▇ TOWN AND COUNTRY VILLAGE, LLC, a California limited liability company, by its managing member, STREET RETAIL, INCwithout Landlord's consent., a Maryland corporation (“Landlord”), and SI-BONE, INC., a Delaware corporation, (“Tenant”).

Appears in 1 contract

Sources: Lease Agreement (Manhattan Associates Inc)