Common use of Net Rentable Area Clause in Contracts

Net Rentable Area. The term “net rentable area”, as used herein, shall refer to (i) in the case of a single tenant floor, all floor area measured from the inside surface of the inner glass or (with respect to the basements) exterior wall of the Building to the inside surface of the opposite outer wall excluding only the areas (“service areas”) within the outside walls on the particular floor used for building stairs, fire towers, elevator shafts, flues, vents, stacks, vertical pipe shafts and vertical ducts, but including any such service areas which are for the specific use of the particular tenant such as special stairs or elevators, plus a proportionate part of the areas (“extra areas”) used for building elevator, mechanical, electrical and plumbing room and the central plant serving the Building, the truck dock, fire control stations, and ground floor lobby, basement, and (ii) in the case of a floor to be occupied by more than one tenant, all floor areas within the demising walls (measured from the mid-point of the demising walls and in the case of exterior walls, measured as defined in (i) above), plus a proportionate part of areas (“common areas”) devoted to lobbies, corridors, elevator foyers, restrooms, electrical, telephone and mechanical rooms, janitor closets, vending areas and other similar facilities for the use of all tenants on the particular floor plus a proportionate part of the extra areas. The Lessee’s proportionate part of extra areas shall be based upon the ratio of the Lessee’s net rentable area (excluding “extra areas”) to the aggregate net rentable area (excluding “extra areas”) of the Building. The Lessee’s proportionate part of common areas shall be based upon the ratio of the Lessee’s net rentable area (excluding “common” and “extra areas”) to the aggregate net rentable area (excluding “common” and “extra areas”) on such floor. No deductions shall be made in determining net rentable areas for columns or projections necessary to the Building. The net rentable area in the Premises has been calculated on the basis of the foregoing definition and is hereby stipulated for all purposes hereof to be 2,330 square feet, whether the same shall be more or less as a result of variations resulting from actual construction and completion of the Premises for occupancy so long as such work is done substantially in accordance with the terms and provisions hereof.

Appears in 2 contracts

Samples: Lease Agreement (Dexterity Surgical Inc), Lease Agreement (Dexterity Surgical Inc)

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Net Rentable Area. The term "net rentable area", as used herein, shall refer to (i) in the case of a single tenant floor, all floor area measured from the inside surface of the inner glass or (with respect to the basements) exterior wall of the Building to the inside surface of the opposite outer wall excluding only the areas ("service areas") within the outside walls on the particular floor used for building stairs, fire towers, elevator shafts, flues, vents, stacks, vertical pipe shafts and vertical ducts, but including any such service areas which are for the specific use of the particular tenant such as special stairs or elevators, plus a proportionate part of the areas ("extra areas") used for building elevator, mechanical, electrical and plumbing room and the central plant serving the Building, the truck dock, the bridge connecting the Building with the Garage, fire control stations, and ground floor lobby, basement, and (ii) in the case of a floor to be occupied by more than one tenant, all floor areas within the demising walls (measured from the mid-point of the demising walls and in the case of exterior walls, measured as defined in (i) above), plus a proportionate part of areas ("common areas") devoted to lobbies, corridors, elevator foyers, restrooms, electrical, telephone and mechanical rooms, janitor closets, vending areas and other similar facilities for the use of all tenants on the particular floor plus a proportionate part of the extra areas. The Lessee’s 's proportionate part of extra areas shall be based upon the ratio of the Lessee’s 's net rentable area (excluding "extra areas") to the aggregate net rentable area (excluding "extra areas") of the Building. The Lessee’s 's proportionate part of common areas shall be based upon the ratio of the Lessee’s 's net rentable area (excluding "common" and "extra areas") to the aggregate net rentable area (excluding "common" and "extra areas") on such floor. No deductions shall be made in determining net rentable areas for columns or projections necessary to the Building. The net rentable area in the Premises has been calculated on the basis of the foregoing definition and is hereby stipulated for all purposes hereof to be 2,330 6,530 square feet, whether the same shall be more or less as a result of variations resulting from actual construction and completion of the Premises for occupancy so long as such work is done substantially in accordance with the terms and provisions hereof. FOR THE PURPOSES OF THIS LEASE, LESSEE'S PROPORTION OF THE BUILDING SHALL BE 1.4%.

Appears in 1 contract

Samples: Lease Agreement (Pinnacle Global Group Inc)

Net Rentable Area. The For purposes of this Lease, the term “net rentable areaNet Rentable Area” (hereinafter called “NRA, as used herein, ) shall mean and refer to (i) in the case of a single tenant floor, tenancy floor to (A) all floor area within the Leased Premises measured from (1) an imaginary exterior building perimeter comprised of either (i) the plane established by the outside surface of the outer glass of the exterior Building windows (ignoring protruding columns or walls), or (ii) the plane established by the inside of the finished column or wall of the Building which forms the exterior Building wall along the perimeter of the Leased Premises, whichever calculation results in the greater NRA, to (2) the inside surface of the inner glass or (with respect to the basements) exterior wall of the Building to the inside surface same imaginary plane of the opposite outer exterior Building wall established in the same manner, excluding only the areas (“service areas”) within the outside walls on the particular floor used for elevator mechanical rooms, building stairs, fire towers, elevator shafts, flues, vents, stacks, vertical pipe shafts and vertical ducts, but including any such service areas which are for the specific use of the particular tenant such as special stairs or elevators, plus a proportionate part (B) an allocation of the areas (“extra areas”) used for building elevator, mechanical, electrical and plumbing room and the central plant serving square footage of the Building, the truck dock, fire control stations, ’s elevator and main mechanical rooms and ground floor lobbyand basement lobbies in the ratio that has been established by Lessor, basement, and (ii) in In the case of a floor partial floor, “Net Rentable Area” (NRA) is calculated identically to the calculation set forth above except that (a) in clause (A)(l)(ii) the measurement shall instead be occupied by more than one tenant, all floor areas within the demising walls (measured from made to the mid-point of the demising walls and in the case of exterior walls, measured as defined in (i) above), plus a proportionate part of separating areas (“common areas”) leased by or held for lease to other tenants or from areas devoted to lobbies, corridors, elevator foyers, restroomsrest rooms, electrical, telephone and mechanical rooms, janitor closets, vending areas and other similar facilities for the use of all tenants on the particular floor plus (hereinafter sometimes called “Common Areas”), and (b) there shall also be added to the NRA a proportionate part of the extra areas. The Lessee’s proportionate part of extra areas shall be Common Areas located on such floor based upon the ratio of the which Lessee’s net rentable area NRA on such floor (excluding “extra areas”but for such Common Area add-on) bears to the aggregate net rentable area (excluding “extra areas”) of the Building. The Lessee’s proportionate part of common areas shall be based upon the ratio of the Lessee’s net rentable area (excluding “common” and “extra areas”) to the aggregate net rentable area (excluding “common” and “extra areas”) NRA on such floorfloor (but for Common Area add-on). No deductions shall be from NRA are made in determining net rentable areas for columns or projections necessary to the Building. The net rentable area NRA in the Leased Premises has in Lessor’s opinion been calculated based on the basis a reasonable approximation of the foregoing definition and but is hereby stipulated to be the square footage set forth in Item 4 of the Basic Lease Provisions, whether the same should be more or less. Lessee shall have no right to remeasure or recalculate the NRA of the Leased Premises, which is conclusively stipulated by the parties to be the amount set forth in Item 4 of the Basic Lease Provisions. The NRA in the Building has in Lessor’s opinion been calculated on a reasonable approximation of the foregoing but is hereby stipulated for all purposes hereof to be 2,330 square feetas set forth in Item 5(a) of the Basic Lease provisions, whether the same shall should be more or less as a result (except that additions or the total removal of variations resulting from actual construction and completion of space in the Premises for occupancy so long as such work is done substantially in accordance with Building will allow Lessor to recalculate the terms and provisions hereofBuilding NRA.

Appears in 1 contract

Samples: Lease Agreement (Baseline Oil & Gas Corp.)

Net Rentable Area. The For purposes of this Lease, the term “net rentable area”, as used herein, "Net Rentable Area" (hereinafter called "NRA") shall mean and refer to (i) in the case of a single tenant floor, tenancy floor to (A) all floor area within the Leased Premises measured from (1) an imaginary exterior building perimeter comprised of either (i) the plane established by the outside surface of the outer glass of the exterior Building windows (ignoring protruding columns or walls), or (ii) the plane established by the inside of the finished column or wall of the Building which forms the exterior Building wall along the perimeter of the Leased Premises, whichever calculation results in the greater NRA, to (2) the inside surface of the inner glass or (with respect to the basements) exterior wall of the Building to the inside surface same imaginary plane of the opposite outer exterior Building wall established in the same manner, excluding only the areas (“service areas”"SERVICE AREAS") within the outside walls on the particular floor used for elevator mechanical rooms, building stairs, fire towers, elevator shafts, flues, vents, stacks, vertical pipe shafts and vertical ducts, but including any such service areas which are for the specific use of the particular tenant such as special stairs or elevators, plus a proportionate part (B) an allocation of the areas (“extra areas”) used for building elevator, mechanical, electrical and plumbing room and the central plant serving square footage of the Building, the truck dock, fire control stations, 's elevator and main mechanical rooms and ground floor lobby, basement, and (ii) basement lobbies in the ratio that has been established by Lessor. In the case of a floor partial floor, "Net Rentable Area" (NRA) is calculated identically to the calculation set forth above except that (a) in clause (A)(1)(ii) the measurement shall instead be occupied by more than one tenant, all floor areas within the demising walls (measured from made to the mid-point of the demising walls and in the case of exterior walls, measured as defined in (i) above), plus a proportionate part of separating areas (“common areas”) leased by or held for lease to other tenants or from areas devoted to lobbies, corridors, elevator foyers, restroomsrest rooms, electrical, telephone and mechanical rooms, janitor closets, vending areas and other similar facilities for the use of all tenants on the particular floor plus (hereinafter sometimes called "COMMON AREAS"), and (b) there shall also be added to the NRA a proportionate part of the extra areas. The Lessee’s proportionate part of extra areas shall be Common Areas located on such floor based upon the ratio of the which Lessee’s net rentable area 's NRA on such floor (excluding “extra areas”but for such Common Area add-on) bears to the aggregate net rentable area (excluding “extra areas”) of the Building. The Lessee’s proportionate part of common areas shall be based upon the ratio of the Lessee’s net rentable area (excluding “common” and “extra areas”) to the aggregate net rentable area (excluding “common” and “extra areas”) NRA on such floorfloor (but for Common Area add-on). No deductions shall be from NRA are made in determining net rentable areas for columns or projections protections necessary to the Building. The net rentable area NRA in the Leased Premises has in Lessor's opinion been calculated based on the basis a reasonable approximation of the foregoing definition and but is hereby stipulated to be the square footage set forth in Item 4 of the Basic Lease Provisions, whether the same should be more or less. Lessee shall have no right to remeasure or recalculate the NRA of the Leased Premises, which is conclusively stipulated by the parties to be the amount set forth in item 4 of the Basic Lease Provisions. The NRA in the Building has in Lessor's opinion been calculated on a reasonable approximation of the foregoing but is hereby stipulated for all purposes hereof to be 2,330 square feetas set forth in Item 5(a) of the Basic Lease Provisions, whether the same shall should be more or less as a result (except that -3- Initials Initials /s/ TES ------ -------- LESSOR LESSEE additions or the total removal of variations resulting from actual construction and completion of space in the Premises for occupancy so long as such work is done substantially in accordance with Building will allow Lessor to recalculate the terms and provisions hereofBuilding NRA.

Appears in 1 contract

Samples: Lease Agreement (Us Dataworks Inc)

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Net Rentable Area. The term "net rentable area", as used herein, shall refer to (i) in the case of a single tenant floor, all floor area measured from the inside surface of the inner glass or (with respect to the basements) exterior wall of the Building to the inside surface of the opposite outer wall excluding only the areas ("service areas") within the outside walls on the particular floor used for building stairs, fire towers, elevator shafts, flues, vents, stacks, vertical pipe shafts and vertical ducts, but including any such service areas which are for the specific use of the particular tenant such as special stairs or elevators, plus a proportionate part of the areas ("extra areas") used for building elevator, mechanical, electrical and plumbing room and the central plant serving the Building, the truck dock, the bridge connecting the Building with the Garage, fire control stations, and ground floor lobby, basement, and (ii) in the case of a floor to be occupied by more than one tenant, all floor areas within the demising walls (measured from the mid-point of the demising walls and in the case of exterior walls, measured as defined in (i) above), plus a proportionate part of areas ("common areas") devoted to lobbies, corridors, elevator foyers, restrooms, electrical, telephone and mechanical rooms, janitor closets, vending areas and other similar facilities for the use of all tenants on the particular floor plus a proportionate part of the extra areas. The Lessee’s 's proportionate part of extra areas shall be based upon the ratio of the Lessee’s 's net rentable area (excluding "extra areas") to the aggregate net rentable area (excluding "extra areas") of the Building. The Lessee’s 's proportionate part of common areas shall be based upon the ratio of the Lessee’s 's net rentable area (excluding "common" and "extra areas") to the aggregate net rentable area (excluding "common" and "extra areas") on such floor. No deductions shall be made in determining net rentable areas for columns or projections necessary to the Building. The net rentable area in the Premises has been calculated on the basis of the foregoing definition and is hereby stipulated for all purposes hereof to be 2,330 22,242 square feet, whether the same shall be more or less as a result of variations resulting from actual construction and completion of the Premises for occupancy so long as such work is done substantially in accordance with the terms and provisions hereof. FOR THE PURPOSES OF THIS LEASE, LESSEE'S PROPORTION OF THE BUILDING SHALL BE APPROXIMATELY 4.9%.

Appears in 1 contract

Samples: Lease Agreement (Tanknology Environmental Inc /Tx/)

Net Rentable Area. The For purposes of this Lease, the term “net rentable area”, as used herein, "Net Rentable Area" (hereinafter called "NRA") shall mean and refer to (i) in the case of a single tenant floor, tenancy floor to (A) all floor area within the Premises measured pursuant to Standard Method for Measuring Floor Area in Office Buildings, ANSI/BOMA z65.1-1996, June 7, 1996 (“BOMA”) from (1) an imaginary exterior building perimeter comprised of either (i) the plane established by the outside surface of the outer glass of the exterior Building windows (ignoring protruding columns or walls), or (ii) the plane established by the inside of the finished column or wall of the Building which forms the exterior Building wall along the perimeter of the Premises, whichever calculation results in the greater NRA, to (2) the inside surface of the inner glass or (with respect to the basements) exterior wall of the Building to the inside surface same imaginary plane of the opposite outer exterior Building wall established in the same manner, excluding only the areas ("service areas") within the outside walls on the particular floor used for elevator mechanical rooms, building stairs, fire towers, elevator shafts, flues, vents, stacks, vertical pipe shafts and vertical ducts, but including any such service areas which are for the specific use of the particular tenant lessee such as special stairs or elevators, plus a proportionate part (B) an allocation of the areas (“extra areas”) used for building elevator, mechanical, electrical and plumbing room and the central plant serving square footage of the Building, the truck dock, fire control stations, 's elevator and main mechanical rooms and ground floor lobby, basement, and (ii) basement lobbies in the ratio that has been established by Lessor. In the case of a floor partial floor, "Net Rentable Area" (NRA) is calculated identically to the calculation set forth above (both Lessor and Lessee agree that the Add-on Factor is calculated to be occupied by more than one tenant, all floor areas within 17.4% for the demising walls (measured from the mid-point duration of the demising Lease) except that (a) in clause (A)(1)(ii) of this section, the measurement shall instead be made to the mid‑point of the walls and in the case of exterior walls, measured as defined in (i) above), plus a proportionate part of separating areas (“common areas”) leased by or held for lease to other lessees or from areas devoted to lobbies, corridors, elevator foyers, restroomsrest rooms, electrical, telephone and mechanical rooms, janitor closets, vending areas and other similar facilities for the use of all tenants lessees on the particular floor plus (hereinafter sometimes called "Common Areas"), and (b) there shall also be added to the NRA a proportionate part of the extra areas. The Lessee’s proportionate part of extra areas shall be Common Areas located on such floor based upon the ratio of the which Lessee’s net rentable area 's LESSOR’S INITIALS: LESSOR’S INITIALS: NRA on such floor (excluding “extra areas”but for such Common Area add-on) bears to the aggregate net rentable area (excluding “extra areas”) of the Building. The Lessee’s proportionate part of common areas shall be based upon the ratio of the Lessee’s net rentable area (excluding “common” and “extra areas”) to the aggregate net rentable area (excluding “common” and “extra areas”) NRA on such floorfloor (but for Common Area add-on). No deductions shall be from NRA are made in determining net rentable areas for columns or projections necessary to the Building. The net rentable area NRA in the Premises has in Lessor's opinion been calculated based on the basis a reasonable approximation of the foregoing definition of BOMA but is hereby stipulated to be the square footage set forth in Item 4 of the Basic Lease Provisions, whether the same should be more or less based on measurement pursuant to the definition above. Lessee and Lessor shall have no right to remeasure or recalculate the NRA of the Premises, which is conclusively stipulated by the parties to be the amount set forth in Item 4 of the Basic Lease Provisions. The NRA in the Building has in Lessor's opinion been calculated on a reasonable approximation of the foregoing but is hereby stipulated for all purposes hereof to be 2,330 square feetas set forth in Item 5(a) of the Basic Lease Provisions, whether the same shall should be more or less as a result of variations resulting from actual construction and completion of the Premises for occupancy so long as such work is done substantially in accordance with the terms and provisions hereofless.

Appears in 1 contract

Samples: Lease Agreement (iRhythm Technologies, Inc.)

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