Reserved Spaces definition
Examples of Reserved Spaces in a sentence
Battery operated candles are permitted within the Reserved Space(s).
Landlord shall not grant to anyone other than Tenant the right to use such Reserved Spaces and will use reasonable efforts, by the use of signs and markings, to designate such space to be used exclusively by Tenant, however, Landlord shall not be otherwise obligated to police the use of the Reserved Spaces which Tenant recognizes is to be operated on a self parking basis.
Other than the Reserved Spaces, Tenant’s parking shall not be reserved and shall be limited to vehicles no larger than standard size automobiles or pickup utility vehicles.
All revenues derived from such sale of the Reserved Spaces shall be deposited into the Exposition Park Improvement Fund (as established by California Food and Agricultural Code §4106(b)).
Notwithstanding the foregoing, Landlord shall have the right to designate certain parking spaces for the exclusive use by Landlord, its employees and invitees, provided that if Landlord designates more than twenty-five (25) parking spaces for its exclusive use then Tenant shall be entitled to a number of reserved parking spaces equal to Tenant's Share of Excess Reserved Spaces.
This Addendum shall ratify the commencement date of the original lease term as November 1, 1996.
In the event that Tenant shall, at any time, cease renting or otherwise lose or give up its right to so rent any such Reserved Spaces (the “Returned Spaces”), Tenant shall thereafter have no rights whatsoever with respect to such Returned Spaces and Landlord shall have no obligation to rent such Returned Spaces (or any other spaces) to Tenant.
Landlord reserves the right, in its sole reasonable discretion, to change the location within the garage of any or all of the Reserved Spaces.
Landlord and Tenant acknowledge that Landlord anticipates that the Unreserved and Reserved Spaces will be made available in the Parking Facility.
The rent payable for such Reserved Spaces shall increase on each January 1st during the Term other than during the First Lease Year to the then market rate for parking spaces in comparable enclosed garages within a five (5) block radius of the Building, as reasonably determined by Landlord.