Rentable Area Definition Sample Clauses

Rentable Area Definition. The amount of rentable area shall be 112% ------------------------ of the usable area located on a single-tenant floor and 120% of the usable area located on a multi-tenant floor. Usable area on multi-tenant floors shall be computed by measuring to the finished surface of the office-side of corridors and other permanent walls, to the center of partitions that separate the Premises from adjoining office suites, and to the inside finished surfaces of the dominant portion of the permanent outer building walls. The usable area of a multi-tenant floor shall be equal to the sum of all usable areas on that floor. Usable area on single-tenant floors shall be computed by measuring to the inside finished surfaces of the dominant portion of the permanent outer building walls, excluding any major vertical penetrations of the floor such as elevators. No deductions shall be made for columns and projections necessary to the Building when calculating the usable area on any floor of the Building. The precise amount of the rentable area in the Premises indicated in the approved CDP EXHIBIT C, 1 - Work Agreement --------- shall be controlling in the event of any variance from the approximate rentable area specified in the Basic Lease Information. Base Rent, Tenant's Percentage, the number of parking spaces, if any, available to Tenant and any similar item based upon the size of the Premises shall be adjusted to reflect the precise rentable area in the Premises determined by the approved CDP. If Landlord gives Tenant notice of an adjustment in the size of the Premises by means of the CDP or otherwise and adjustment of any other terms of the Lease based upon the changed size of the Premises, it shall be deemed a request for an estoppel statement from Tenant confirming the adjustments pursuant to Section 27. Unless Tenant gives notice to Landlord of an objection to the adjustments within fifteen (15) days of Landlord's notice, it shall be final and binding on Tenant as an amendment of this Lease. Tenant reserves the right to recalculate the percentages set forth in the first sentence of this paragraph but in no event shall the percentages be increased.
Sample 1
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