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We believe that our current facilities are adequate to meet our needs for the near future, and that suitable additional or alternative space will be available on commercially reasonable terms to accommodate our foreseeable future operations.
−Removed: Dolby Wootton Bassett, LLC, of which Dagmar Dolby as Trustee of the Dagmar Dolby Trust under the Dolby Family Trust Instrument dated May 7, 1999 (the "Dagmar Dolby Trust") is the sole member, and the Dagmar Dolby Trust own a majority financial interest in real estate entities that own or from whom we lease certain facilities located in California and the U.K.
−Removed: The lease for the facility in California expires in 2025.
+Added: Dolby Wootton Bassett, LLC, of which Dagmar Dolby as Trustee of the Dagmar Dolby Trust under the Dolby Family Trust Instrument dated May 7, 1999 (the "Dagmar Dolby Trust") is the sole member, and the Dagmar Dolby Trust, own a majority financial interest in real estate entities that own and from whom we may lease certain facilities located in Burbank, California and in Wootton Bassett, England.
We own the remaining financial interests in these real estate entities.
−Removed: Our ownership interest in these consolidated affiliated entities, in addition to information regarding the location of the properties as of September 24, 2021 is summarized within the table below.
−Removed: Entity Name Minority Ownership Interest Location Of Properties Approximate Square Footage
−Removed: Dolby Properties Burbank, LLC 49.0% Burbank, California 22,000
−Removed: Dolby Properties, LP 10.0% Wootton Bassett, England 17,500
+Added: Specifically, we hold a 49.0% minority ownership interest in Dolby Properties Burbank, LLC, which owns a 22,000 square feet facility in Burbank that we are leasing until 2025.
+Added: We also hold a 10.0% minority ownership interest in Dolby Properties, LP, which owns a 17,500 square foot facility in Wootton Bassett.
+Added: We are no longer leasing the Wootton Bassett facility.
100 Potrero Avenue, San Francisco, California
−Removed: Since 1980, we have leased a corporate office, warehouse space, and additional parking located at 100, 130, and 140 Potrero Avenue, San Francisco, California from the various Dolby family trusts.
+Added: Since 1980, we have leased a corporate office located at 100 Potrero Avenue, San Francisco, California from the various Dolby family trusts.
The lease for this office expires on October 31, 2024, and provides approximately 70,000 square feet of space.
−Removed: The Dolby family trusts retain the right to sublease approximately 1,617 square feet of office space in the premises with prior notice to us, at a rental rate equal to the then current base rent per square foot paid by us plus $14 per square foot per year (reflecting estimated costs payable by us for the operation and maintenance of the premises, subject to an annual increase of 1.5% per year during each year of the sublease term).
−Removed: In fiscal 2019, we ceased occupancy of the leased space at 100, 130, and 140 Potrero Avenue, and do not intend to re-occupy those locations.
+Added: The Dolby family trusts retain the right, which they have exercised, to sublease approximately 1,617 square feet of office space in the premises at a rental rate equal to the then current base rent per square foot paid by us plus $14 per square foot per year (reflecting estimated costs payable by us for the operation and maintenance of the premises, subject to an annual increase of 1.5% per year during each year of the sublease term).
+Added: We ceased occupancy of the leased space at 100 Potrero Avenue, and do not intend to re-occupy this location.
We remain responsible for operating expenses, taxes, and the condition, operation, repair, maintenance, security, and management of the premises.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.