CERTAIN RENTABLE FLOOR AREA ADJUSTMENTS IN THE EVENT Sample Clauses

CERTAIN RENTABLE FLOOR AREA ADJUSTMENTS IN THE EVENT. OF FAILURE TO EXERCISE EXPANSION OPTIONS (i) If the First Expansion Option terminates without Tenant exercising such option, from and after the date of such termination the Rentable Floor Area of Demised Premises shall be increased for the remainder of the Lease Term by nine (9) percent as of the date such Expansion Option terminates. (ii) If the Tenant exercises the First Expansion Option and does not exercise the Second Expansion Option and such Second Expansion Option terminates, the Rentable Floor Area of Demised Premises (including the First Expansion Rentable Floor Area and any First Offer Space Rentable Floor Area) shall be increased for the remainder of the Lease Term by six and one-half (6-1/2) percent as of the date such Expansion Option terminates. (iii) If Tenant exercises the First and Second Expansion Options, but does not exercise the Third Expansion Option and such Third Expansion Option terminates, the Rentable Floor Area of Demised Premises (including the First Expansion Rentable Floor Area and the Second Expansion Rentable Floor Area and any First Offer Space Rentable Floor Area) shall be increased for the remainder of the Lease Term by four and one-half (4-1/2) percent as of the date such Expansion Option terminates. (iv) It is acknowledged and agreed by Tenant that the effect of the increases in Rentable Floor Area under subparagraphs (i), (ii) and (iii) immediately above will be to increase Tenant's Base Rental, Tenant's Forecast Additional Rental and Tenant's Additional Rental.
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Related to CERTAIN RENTABLE FLOOR AREA ADJUSTMENTS IN THE EVENT

  • Rentable Area 6.1. The term “Rentable Area” shall reflect such areas as reasonably calculated by Landlord’s architect, as the same may be reasonably adjusted from time to time by Landlord in consultation with Landlord’s architect to reflect changes to the Premises, the Building or the Project, as applicable.

  • Allocation of Direct Expenses The parties acknowledge that the Building is a part of a multi-building project and that the costs and expenses incurred in connection with the Project (i.e., the Direct Expenses) should be shared between the Building and the other buildings in the Project. Accordingly, as set forth in Section 4.2 above, Direct Expenses (which consist of Operating Expenses and Tax Expenses) are determined annually for the Project as a whole, and a portion of the Direct Expenses, which portion shall be determined by Landlord on an equitable basis, shall be allocated to the Building (as opposed to other buildings in the Project). Such portion of Direct Expenses allocated to the Building shall include all Direct Expenses attributable solely to the Building and a pro rata portion of the Direct Expenses attributable to the Project as a whole, and shall not include Direct Expenses attributable solely to other buildings in the Project.

  • Square Footage Buyer acknowledges that the square footage of the Property has not been measured by Seller, Seller’s broker or its auctioneer (including the square footage of the lot and home) and the square footage quoted on any marketing tools such as advertisements, brochures, MLS data, the auction website and any other information provided is based on information supplied to Seller and is deemed approximate and not guaranteed. Buyer further acknowledges that Buyer has not relied upon any such marketing tool and that such tools are not representations and/or warranties of Seller or its agent.

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • Calculation of Rent All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a year of three hundred sixty (360) days or, to the extent such Rent is based on the Prime Lending Rate, three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days.

  • METHOD OF CALCULATION OF PROPORTIONATE SHARE WHEREVER REFERRED TO IN THE AGREEMENT Wherever in this Agreement it is stipulated that the Allottee has to make any payment, in common with other Allottee(s) in Project, the same shall be the proportion which the carpet area of the [Apartment/Plot] bears to the total carpet area of all the [Apartments/Plots] in the Project.

  • Direct Expenses 1. Fees and expenses of its directors (except the fees of those directors who are deemed to be "interested persons" of the Fund as that term is defined in the Investment Company Act of 1940) and the meetings thereof;

  • Operating Expense Limit The Fund’s maximum operating expense limits (each an “Operating Expense Limit”) in any year shall be that percentage of the average daily net assets of the Fund as set forth on Schedule A attached hereto and incorporated by this reference.

  • CALCULATION OF FORECLOSURE LOSS Foreclosure after a Covered Loan Mod

  • Common Area Operating Expenses Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, Lessee's Share (as specified in Paragraph 1.6(b)) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:

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