Agmt17 Redwood City Partners, LLC Consent to Parking License Agreement BOX

Browse Search

PARKING LICENSE AGREEMENT This Parking License Agreement ("Agreement") is made and entered into as of AAZ�-� V; , 2017, ("Effective Date") by and between the BOX, INC., a Delaware corpor on ("Licensor") and the CITY OF REDWOOD CITY, a charter city and municipal corporation ("City"). NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 1. LICENSE. Licensor is the "Tenant" under that certain Office Lease (the "Lease") dated September 15, 2014, between Licensor and REDWOOD CITY PARTNERS, LLC, a Delaware limited liability company ("Landlord"), and under such Lease is in possession of certain property located at 900 Jefferson Avenue, Redwood City, California, ("Property"). Upon consent of Landlord to this Agreement, Licensor hereby grants to City, and City hereby accepts from Licensor, the non- exclusive right, privilege, and permission to use seventy-five (75) parking spaces in the basement level of the Property's parking garage, the general location and layout of which is shown on Exhibit A. attached hereto and incorporated herein by reference ("License Area"). The use of the License Area by City and Licensor is subject to all of the terms and conditions of the Lease, and as provided in the Lease, the transfer of the right to use such areas is subject to the prior consent of Landlord. 2. TERM. The "Term" of this Agreement shall be from month-to-month beginning thirty (30) days following the Effective Date (the "Commencement Date"). 3. LIMITATIONS TO LICENSE. 3.1 Use. The License Area shall be used for City -owned vehicle and City employee vehicle parking, and for no other purpose. City's use of the License Area shall be limited to seventy-five (75) spaces on the lower level floors on a first come, first served basis. City is prohibited from using any of the electric charging stations on the License Area. Licensor shall have the right to use the License Area at all times for its own purposes, which shall take priority over City's right of use hereunder. City's use of the License Area shall be subject to City's compliance with all of the applicable terms of this Agreement and the Lease with respect to the use of the License Area by Tenant. 3.2 Access. Licensor shall create and manage card access keys for use by City. Within thirty (30) days following the Effective Date, City shall provide Licensor with a list of up to seventy-five (75) vehicles (including license plate, car make, and vehicle owner) that will be parking in the License Area. City shall provide updates to the list of vehicles that will be parking in the License Area as City deems necessary. Lost or stolen card keys must be reported within forty-eight (48) hours of discovery of loss or theft. City shall be responsible for paying Licensor for all applicable out-of-pocket replacement cost and expenses for any card keys. Page 1 of 8 REV: 05-08-17 VR ATTY/AGR.2017.099lBox Parking License Agreement