Gross Building Area Sample Clauses

Gross Building Area. Within thirty (30) days after the Delivery Date, Landlord shall furnish Tenant with a written statement signed by the Architect (the “Architect’s Certificate”) certifying the Gross Building Area to Landlord and Tenant. If Tenant disputes the Gross Building Area set forth in the Architect’s Certificate, Tenant shall notify Landlord, in writing, of such dispute within thirty (30) days after the Rent Commencement Date. In the event Tenant timely disputes the Gross Building Area set forth in the Architect’s Certificate, Xxxxxx’s representative and Landlord’s representative will endeavor, in good faith, to resolve such dispute within thirty (30) days thereafter. If Landlord and Tenant are unable to resolve any such dispute regarding the Gross Building Area within such thirty (30) day period, then (i) Landlord shall retain an independent architect reasonably approved, in writing, by Tenant to measure the Building, (ii) such architect’s determination of the Gross Building Area shall be conclusive and binding on Landlord and Tenant, and (iii) Landlord and Tenant shall each pay one-half (1/2) of the fee charged by such independent architect to measure the Building. In the event that the actual Gross Building Area is greater than the Estimated Gross Building Area, there shall be no adjustment to Monthly Rent. In the event the actual Gross Building Area, as of the Delivery Date, is less than ninety-eight and one-half percent (98.5%) of the Estimated Gross Building Area and Tenant does not require that Landlord correct the discrepancy, then there shall be a reduction in the Monthly Rent calculated by multiplying the Monthly Rent by a fraction whose numerator is the actual Gross Building Area and whose denominator is the Estimated Gross Building Area (New Monthly Rent = Old Monthly Rent * Actual Xxxxx Xxxxxxxx Xxxx / Xxxxxxxxx Xxxxx Xxxxxxxx Xxxx).
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Gross Building Area the entire area within the exterior face walls on each floor of the Facility. Unless otherwise expressly stated to the contrary, all references in this Lease to “square feet” shall mean the square feet of Gross Building Area. Landlord and Tenant hereby agree that the Gross Building Area of the Facility as shown on the Plans is 98,268 square feet and such total shall be deemed the Gross Building Area for all purposes under this Lease.
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Gross Building Area. Section 1.01(xiii) is hereby amended to read: "Gross Building Area: 632,774 square feet."
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Gross Building Area. Landlord certifies to Tenant that the Gross Building Area of the Premises is within 98.5% of 632,774 square feet.
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Gross Building Area. The total floor area of a building measured in square feet. The area extends to the outer surface of exterior walls and windows.
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Gross Building Area. The term “Gross Building Area” Refers to the gross area between the exterior walls as to all floors of the Building in which the Premises are located (the “Building”), including common corridors and rest rooms, air conditioning rooms, fan rooms, janitorial closets, electrical and telephone closets, fire escapes, stairwells, electrical and mechanical rooms, janitorial rooms, exercise and recreation areas, elevator lobbies, or public corridors, elevator shafts and any other areas serving the Building tenants (Multi-Use Areas), all of which shall be considered common areas which shall be allocated pro rata to the Net Rentable Areas, pursuant to the “Load Factor”. 1.5 Load Factor: The term “Load Factor” refers to the formula whereby the Gross Building Area is divided by the total Net Rentable Areas less the common areas. The product of that division, the “Load Factor” shall be the multiplied by the Net Rentable Premises, to determine the Load Adjusted Premises for purposes of this Lease. The Load Adjusted Premises as determined by the Load Factor includes Tenant’s share of the Multi-Use Areas. Tenant acknowledges that Tenant has measured or has waived measurement of the Load Adjusted Premises, the Net Rentable Areas, the Net Rentable Premises and the Gross Building Area, and Tenant agrees that the square footage stated in Paragraph D of the Summary of Lease Terms is the Load Adjusted Premises calculated on the basis of the foregoing definitions, and Tenant further agrees to waive any right to contest the amount of such square footage. 2.
Sample 1
Gross Building Area. Gross Building Area ± 827m² (excluding Mezzanines ± 84m² & Canopies ± 235m²) Occupation: Lease till 31 July 2026 - Current Rental R 58,000 / month escalating 8% on 1 July. Key Investment Highlights: Long lease. Situated in an industrial / commercial area with high volumes of passing traffic. Industrial 1 zoning. Executive Summary & Key Investment Highlights General Information Street Address Supa Quick – 000 Xxxxx Xxxxxx (corner Trans Road) – Silverton, Pretoria GPS Co-Ordinates S 25°43'36.92"; E 28°17'36.30" Title Deed Information Title Deed Description Erf 878 Silverton Extension 4 Title Deed Numbers T74132/1996 Registered Owner Erf 878 Silverton (Pty) Ltd Registered Land Size 2,010m² Title Deed Conditions See a copy of the Title Deed attached to this brochure. Municipal & Rates Information Municipality City of Tshwane Metropolitan Municipality Assessment Rates Excluding consumption costs – based on the January 2017 statement attached to the brochure.
Sample 1
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Related to Gross Building Area

  • Rentable Area of the Premises The term "Rentable Area of the Premises" shall mean 29,227 square feet, which Landlord and Tenant have stipulated as the Rentable Area of the Premises. Tenant acknowledges that the Rentable Area of the Premises includes the usable area, without deduction for columns or projections, multiplied by a load factor to reflect a share of certain areas, which may include lobbies, corridors, mechanical, utility, janitorial, boiler and service rooms and closets, restrooms and other public, common and service areas of the Building.

  • Parking Area Developer shall provide a parking area for ADOT for at least 100 vehicles 27 (85 staff/15 visitors). The parking area must be reasonably level (all-weather surface and 28 all-weather access). The parking area must include an additional lockable fenced 29 parking area to accommodate 25 ADOT vehicles.

  • Premises Building Project and Common Areas 1.1 Premises, Building, Project and Common Areas.

  • Parking Areas Landlord and Tenant agree that Landlord will not be responsible for any loss, theft or damage to vehicles, or the contents thereof, parked or left in the parking areas of the Premises and Tenant shall install at least one sign in the parking areas so advising its employees, visitors or invitees who may use such parking areas. Except as otherwise provided in this Section 3.5, parking areas shall be used for parking by vehicles no larger than full-size passenger automobiles or pick-up trucks, herein called "Permitted Size Vehicles." Vehicles other than Permitted Size Vehicles shall be parked and loaded or unloaded as directed by Landlord in the Rules and Regulations. Tenant shall not permit or allow any vehicles that belong to or are controlled by Tenant or Tenant's employees, suppliers, shippers, customers, contractors or invitees to be loaded, unloaded or parked in areas other than those designated by Landlord for such activities. Tenant agrees not to use or permit its employees, visitors or invitees to use the parking areas for overnight storage of vehicles, except for trucks on the Premises in the process of loading or unloading, and except for semi-tractors and trailers parked in the areas shown on the Site Plan as "Tenant's Designated Truck Parking". Tenant covenants and agrees that it shall not permit any of its employees, agents, contractors, vendors or shippers to park trucks, automobiles, trailers or other vehicles on any of the public streets in the general vicinity of the Premises or the industrial or business park in which the Premises are located. If Tenant permits or allows any of the prohibited activities described above for a period of five (5) business days after written notice from Landlord, then Landlord shall have the right, without further notice, in addition to such other rights and remedies that it may have, to remove or tow away the vehicle involved at Landlord's risk and expense. All responsibility for damage and theft to vehicles and their contents is assumed by the parties owning the same, including, respectively, Tenant or Tenant's partners, trustees, officers, directors, shareholders, members, invitees, or any of Tenant's assignees, subtenants or assignees' or subtenants' agents, employees, contractors, customers, suppliers, servants, guests, or independent contractors (collectively, "Tenant Parties"). Tenant shall repair or cause to be repaired, at Tenant's sole cost and expense, any and all damage, ordinary wear and tear excepted, to any portion of the Property caused by the use by Tenant Parties of the driveway or parking areas within the Property. Landlord shall not be liable to Tenant by reason of any moratorium, initiative, referendum, statute, regulation or other governmental action which could in any manner prevent or limit the parking rights of Tenant hereunder. Any governmental charges or surcharges or other monetary obligations imposed relative to Parking rights with respect to the Building shall be considered assessments and shall be Payable by Tenant as set forth in Paragraph 4.1; as of the Commencement Date, Landlord represents there are no such charges or surcharges imposed on the Premises.

  • Rentable Area 6.1. The term “

  • Building Renovations It is specifically understood and agreed that Landlord has made no representation or warranty to Tenant and has no obligation and has made no promises to alter, remodel, improve, renovate, repair or decorate the Premises, Building, or any part thereof and that no representations respecting the condition of the Premises or the Building have been made by Landlord to Tenant except as specifically set forth herein or in the Work Letter Agreement. However, Tenant hereby acknowledges that Landlord is currently renovating or may during the Lease Term renovate, improve, alter, or modify (collectively, the "Renovations") the Project, the Building and/or the Premises including without limitation the parking structure, common areas, systems and equipment, roof, and structural portions of the same, which Renovations may include, without limitation, (i) installing sprinklers in the Building common areas and tenant spaces, (ii) modifying the common areas and tenant spaces to comply with applicable laws and regulations, including regulations relating to the physically disabled, seismic conditions, and building safety and security, and (iii) installing new floor covering, lighting, and wall coverings in the Building common areas, and in connection with any Renovations, Landlord may, among other things, erect scaffolding or other necessary structures in the Building, limit or eliminate access to portions of the Project, including portions of the common areas, or perform work in the Building, which work may create noise, dust or leave debris in the Building. Tenant hereby agrees that such Renovations and Landlord's actions in connection with such Renovations shall in no way constitute a constructive eviction of Tenant nor entitle Tenant to any abatement of Rent. Landlord shall have no responsibility or for any reason be liable to Tenant for any direct or indirect injury to or interference with Tenant's business arising from the Renovations, nor shall Tenant be entitled to any compensation or damages from Landlord for loss of the use of the whole or any part of the Premises or of Tenant's personal property or improvements resulting from the Renovations or Landlord's actions in connection with such Renovations, or for any inconvenience or annoyance occasioned by such Renovations or Landlord's actions.

  • Sublease Premises On and subject to the terms and conditions below, Sublandlord hereby leases to Subtenant, and Subtenant hereby leases from Sublandlord, the Sublease Premises.

  • Subleased Premises Sublandlord hereby subleases to Subtenant and Subtenant hereby subleases from Sublandlord for the term, at the rental, and upon all of the conditions set forth herein, the Subleased Premises.

  • Building With respect to each parcel of Real Estate, all of the buildings, structures and improvements now or hereafter located thereon. Business Day. Any day on which banking institutions located in the same city and State as the Agent’s Head Office are located are open for the transaction of banking business and, in the case of LIBOR Rate Loans, which also is a LIBOR Business Day.

  • Common Area (Check one)

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