Minimum Spaces definition
Examples of Minimum Spaces in a sentence
Parking/Number of Minimum Spaces: 3.3 unassigned parking stalls for each 1,000 square feet of Rentable Area of the Premises, on terms and conditions described in Article 30 of the Lease Tenant’s Address: MobiTV, Inc.
Notwithstanding the foregoing, Landlord shall not exercise any of the foregoing rights in a commercially unreasonable manner or a manner which would permanently reduce the total number of parking spaces available to Tenant on a non-exclusive basis to a number less than the Minimum Spaces.
Tenant’s use of the parking spaces to be made available to Tenant shall be on a non-exclusive basis in common with other tenants in the Project; and parking in such spaces shall be on a first-come-first-served basis, unassigned and non-reserved for all tenants and users of such parking, provided that Landlord shall not grant more parking rights to use of the Parking Facility as would cause Tenant’s Minimum Spaces to be unavailable.
Security Deposit: $220,192.06 Parking/Number of Minimum Spaces: 3.3 unassigned parking stalls for each 1,000 square feet of Rentable Area of the Premises, on terms and conditions described in Article 30 of the Lease, as amended by the Third Amendment to Lease Tenant’s Address: MobiTV, Inc.
Tenant must enter into the parking contracts for the Minimum Spaces with Landlord or, if applicable, any parking facility operator (in either event, the “Operator”) on or before the Commencement Date.
Effective as of the Suite 115 Commencement Date, the Lease shall be amended to provide that the number of Minimum Spaces (as defined in the Basic Lease Information and Section 30.1 of the Lease) shall be increased by 5 unassigned parking stalls to a total of 123 unassigned parking stalls.
Beginning on Lease Month 25, the Minimum Spaces shall increase to 25, of which four parking spaces may at Tenant’s election be reserved parking.
In addition, Tenant shall be obligated to lease the Minimum Spaces through the Third Extended Termination Date.
Parking/Number of Minimum Spaces: 3.3 unassigned parking stalls for each 1,000 square feet of Rentable Area of the Premises, on terms and conditions described in Article 30 of the Lease Tenant’s Address: Before the Commencement Date: Idetic, Inc.
Notwithstanding the foregoing, Landlord shall not exercise any of the foregoing rights in a manner which would (i) reduce the total number of parking spaces available to Tenant on a non-exclusive basis to a number less than the Minimum Spaces or (ii) result in Tenant being treated any less favorably than any other tenant of the Project vis-à-vis the location of parking spaces within the Parking Facility and the allocation of parking spaces between the uncovered surface lot and the Covered Parking Area.