Common use of The Additional Area Clause in Contracts

The Additional Area. 2.1. In accordance with the provisions set forth in this Addendum, an additional area of approximately 751sqm net shall be added to the area of the Leased Premises (including a storage room in an area of approximately 9sqm marked in green, and that includes office toilets marked in the blueprint in purple, and the office are marked in red) with an addition of 15% for the Public Areas within their meaning in the Lease Agreement, i.e., an area of approximately 684sqm gross, located on the first floor in the Alon Building in the complex, whose boundaries are marked in the blueprint hereby enclosed as Appendix A of this Addendum (hereinafter: “the Additional Area”). 2.2. It is clarified that the Additional Area comprises of two areas — the office area of the Lessee, including the toilet and the storage room as aforesaid (in an area of approximately 100sqm gross, marked in the colors as stated above) (hereinafter: “Office Area”). And the area of clean rooms (in the area of the remaining Additional Area, and that is marked in light blue in the blueprint hereby enclosed as Appendix A of this Addendum (hereinafter: “Clean Rooms Area”). It is clarified that the payment specified hereunder for the Lessee’s Works as stated in Section 2 in Appendix D of this Addendum refers solely to the Office Area. Except for the budget allocated for the Adjustment Works as stated in Appendix D of this Addendum, the other provisions set forth in this Addendum shall apply to the entire Additional Area. 2.3. It is clarified that anywhere in this Addendum that refers to the areas of the Additional Area (including parts thereof, and including the division in the interior area of the Lease Agreement), these shall be measured in 3 months by a licensed surveyor and shall be updated by the parties upon consent — including a retroactive update, to the extent required, of the different sums that are charged in accordance with this Agreement, according to the actual scope of the areas. 2.4. The Purpose of Lease of the Additional Area shall be the construction and operation of a production facility, a clean room and offices and storage (in the storage room area).

Appears in 3 contracts

Samples: Lease Agreement (PolyPid Ltd.), Lease Agreement (PolyPid Ltd.), Lease Agreement (PolyPid Ltd.)

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The Additional Area. 2.1. In accordance with the provisions set forth in this Addendum, an additional area of approximately 751sqm 650sqm net shall be added to the area of the Leased Premises (including a storage room in an area of approximately 9sqm marked in green, and that includes office toilets marked in the blueprint in purple, and the office are marked in red) with an addition of additional 15% for load in respect of the Public Areas in the Building within their meaning in the Lease Agreement, i.e., an area of approximately 684sqm gross747sqm gross shall be added to the Area of the Leased Premises, when the said area is located on the first floor in the Alon second floor of the Tamar Building in the complex, complex and whose boundaries are marked in the blueprint hereby enclosed as Appendix A of this Addendum and shall be delivered in its present condition “as-is” (hereinafter: “Additional Area”) except for the performance of all the Lessor’s Works in the Additional Area within their meaning hereunder. Upon completion of the adjustment works in the Additional Area, a qualified surveyor shall measure the Additional Area according to the survey principles set forth hereunder, and after the survey the final net area of the Leased Premises shall be determined (hereinafter: “Final Net Area”). The gross Area of the Leased Premises is the Final Net Area of the Leased Premises in addition to 15% load for the Public Areas in the Building. 2.2. It is clarified that the Additional Area comprises of two areas — the office area of the Lessee, including the toilet and the storage room as aforesaid (in an area of approximately 100sqm gross, marked in the colors as stated above) (hereinafter: “Office Area”). And the area of clean rooms (in the area of the remaining The Additional Area, and that is as marked in light blue in the blueprint hereby enclosed as Appendix A enclosed, shall be delivered to the Lessee in its condition “as-is” at the time of signing this Addendum (hereinafter: “Clean Rooms Area”). It is clarified and the Lessee shall raise no claim and/or demand and/or suit against the Lessor and/or anyone acting on its behalf in connection therewith, unless the Lessor was aware of a latent defect or failure and failed to disclose to the Lessee any information in connection therewith, or in the event of a latent defect or failure that was detected in the payment specified hereunder for course of performance of the works, including in anything related to the performance of the Lessee’s Works in the Additional Area, within their meaning hereunder, and in its condition as stated in Section 2 in Appendix D of this Addendum refers solely to the Office Area. Except for the budget allocated for the Adjustment Works as stated in Appendix D of this Addendum, the other provisions set forth in this Addendum shall apply to the entire Additional Areaabove. 2.3. It is clarified that anywhere in this Addendum that refers to the areas of the Additional Area (including parts thereof, and including the division in the interior area of the Lease Agreement), these shall be measured in 3 months by a licensed surveyor and shall be updated by the parties upon consent — including a retroactive update, to the extent required, of the different sums that are charged in accordance with this Agreement, according to the actual scope of the areas. 2.4. The Purpose of Lease of the Additional Area shall be the construction and operation of a production facility, a clean room and offices and storage (in the storage room area).

Appears in 3 contracts

Samples: Lease Agreement (PolyPid Ltd.), Lease Agreement (PolyPid Ltd.), Lease Agreement (PolyPid Ltd.)

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