Common use of Adjustment to Premises Rentable Area Clause in Contracts

Adjustment to Premises Rentable Area. a. Landlord shall, before the Commencement Date, obtain an exact measurement of the Premises in accordance with the Measurement Method. Such measurement shall be made by R&K Associates, Inc. (or other architect or engineer acceptable to Landlord) at the cost and expense of Landlord. b. If the Premises Rentable Area as so measured is more or less than the Premises Rentable Area as set forth in Section 1.2: i. Basic Rent shall, retroactively to the Commencement Date, be recomputed by multiplying the Basic Rent set forth in Section 1.2 by a fraction, the numerator of which shall be premises Rentable Area as determined by such measurement and the denominator of which shall be the Premises Rentable Area set forth in Section 1.2: and ii. The Escalation Factor shall be recomputed to be the percentage determined by dividing the Premises Rentable Area as determined by such measurement by 95% of Building Rentable Area. Any payment due either party as a result of such recomputations shall, if due from Tenant, be paid within fifteen (15) days of such recomputation, or if due from Landlord, be credited against the first amounts of Basic Rent due after such recomputation. c. In the event of any adjustment pursuant to this Section, Landlord and Tenant shall promptly execute a written statement setting forth the recomputed Premises Rentable Area, Basic Rent and Escalation Factor.

Adjustment to Premises Rentable Area. a. Landlord shall, before the Commencement Date, obtain an exact measurement of the Building and the Premises in accordance with the Measurement Method. Such measurement shall be made by R&K Associates, Inc. Landlord's architect (or other architect or engineer acceptable to Landlordwith Tenant’s input) at the cost and expense of Landlord. b. If the Premises Rentable Area as so measured is more or less than the Premises Rentable Area as set forth in Section 1.2: i. Basic Rent shall, retroactively to the Commencement Date, be recomputed by multiplying the Basic Rent set forth in Section 1.2 by a fraction, the numerator of which shall be premises Premises Rentable Area as determined by such measurement and the denominator of which shall be the Premises Rentable Area set forth in Section 1.2: and ii. The Escalation Factor shall be recomputed to be the percentage determined by dividing the Premises Rentable Area by Building Rentable Area, each as determined by such measurement by 95% of Building Rentable Area. measurement. c. Any payment due either party as a result of such recomputations shall, if due from Tenant, be paid within fifteen (15) days of such recomputation, or if due from Landlord, be credited against the first amounts of Basic Rent due after such recomputation. c. d. In the event of any adjustment pursuant to this Section, Landlord and Tenant shall promptly execute a written statement setting forth the recomputed Building Rentable Area, Premises Rentable Area, Basic Rent and Escalation Factor.

Adjustment to Premises Rentable Area. a. Landlord shall, before prior to the Commencement Date, obtain an exact measurement of the Premises in accordance with the Measurement Method. Such measurement shall be made by R&K AssociatesADD, Inc. (or other architect or engineer acceptable to Landlord) at the cost and expense of Landlord. b. If the Premises Rentable Area as so measured is more or less than the Premises Rentable Area as set forth in Section 1.2: i. Basic Rent shall, retroactively to the Commencement Date, be recomputed by multiplying the Basic Rent set forth in Section 1.2 by a fraction, the numerator of which shall be premises Rentable Area as determined by such measurement and the denominator of which shall be the Premises Rentable Area set forth in Section 1.2: and ii. The Escalation Factor shall be recomputed to be the percentage determined by dividing the Premises Rentable Area as determined by such measurement by 95% of Building Rentable Area. Any payment due either party as a result of such recomputations shall, if due from Tenant, be paid within fifteen (15) days of such recomputation, or if due from Landlord, be credited against the first amounts of Basic Rent due after such recomputation. c. In the event of any adjustment pursuant to this Section, Landlord and Tenant shall promptly execute a written statement setting forth the recomputed Premises Rentable Area, Basic Rent and Escalation Factor.

Adjustment to Premises Rentable Area. a. Landlord shallEither party hereto, before not later than sixty (60) days after the Commencement Date, obtain may request that an exact measurement of the Premises be made in accordance with the Measurement Method. Such measurement shall be made by R&K Associates, Inc. Fullxx Xxxociates (or other architect or engineer acceptable to Landlordboth parties) at the cost and expense of Landlordthe requesting party. b. If the Premises Rentable Area as so measured is more than 102% or less than the 98% of Premises Rentable Area as set forth in Section 1.2: i. Basic Rent shall, retroactively to the Commencement Date, be recomputed by multiplying the Basic Rent set forth in Section 1.2 by a fraction, the numerator of which shall be premises Rentable Area as determined by such measurement and the denominator of which shall be the Premises Rentable Area set forth in Section 1.2: and ii. The Escalation Factor shall be recomputed to be the percentage determined by dividing the Premises Rentable Area as determined by such measurement by 9593% of Building Rentable Area. Any payment due either party as a result of such recomputations shall, if due from Tenant, be paid within fifteen (15) days of such recomputation, or if due from Landlord, be credited against the first amounts of Basic Rent due after such recomputation. c. If: i. Neither Landlord nor Tenant requests any adjustment as herein provided within the time limit prescribed, or ii. Such adjustment is requested, but the Premises Rentable Area as so measured is between 98% and 102% of the Premises Rentable Area set d. In the event of any adjustment pursuant to this Section, Landlord and Tenant shall promptly execute a written statement setting forth the recomputed Premises Rentable Area, Basic Rent and Escalation Factor.