Common use of Verification of Rentable Square Feet of Premises and Building Clause in Contracts

Verification of Rentable Square Feet of Premises and Building. For purposes of this Lease, the “rentable square feet” of the Premises shall be measured using the Standard Method for Measuring Floor Area in Office Buildings, ANSI Z65.1 - 1996 (“BOMA”) as a guideline. In the event that the rentable area and/or usable area of the Premises, the Building and/or the Project shall hereafter change due to (i) a re-measurement and/or recalculation by Landlord of the rentable area and/or usable area of all premises in the Building on a uniform basis or (ii) subsequent alterations and/or other modifications to the Premises, the Building and/or the Project, then the rentable area and/or usable area of the Premises, the Building and/or the Project, as the case may be, shall be appropriately adjusted as of the date of such re-measurement or such alteration and/or other modification, respectively, based upon the written verification by Landlord’s space planner or Landlord’s space management firm of such revised rentable area and/or usable area. In the event of any such adjustment to the rentable area and/or usable area of the Premises, the Building and/or the Project, all amounts, percentages and figures appearing or referred to in this Lease based upon such rentable area and/or usable area (including the amount of the “Rent” and any “Security Deposit,” as those terms are defined in Article 4 and Article 21 of this Lease, respectively) shall be modified in accordance with such determination. If other floors of the Building are in shell condition, the load factor may vary. Premises which are not yet demised (common area corridors and/or boundary walls have not been fully constructed) are subject to re-measurement upon completion of construction, and load factors (rentable vs. usable area) are subject to re-calculation upon completion of tenant improvements on the floor on which the Premises are located and/or on conversion of floors from single to multi-tenant use and vice versa.

Appears in 3 contracts

Samples: Office Lease (Tracon Pharmaceuticals, Inc.), Office Lease (Tracon Pharmaceuticals, Inc.), Office Lease (Tracon Pharmaceuticals Inc)

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Verification of Rentable Square Feet of Premises and Building. For purposes of this Lease, the “rentable square feet” "RENTABLE SQUARE FEET" of the Premises shall be measured using the Standard Method for Measuring Floor Area in Office Buildings, ANSI Z65.1 - 1996 ("BOMA") as a guideline. In the event that the rentable area and/or usable area of the Premises, the Building and/or the Project shall hereafter change due to (i) a re-measurement and/or recalculation by Landlord of the rentable area and/or usable area of all premises in the Building on a uniform basis or (ii) subsequent alterations and/or other modifications to the Premises, the Building and/or the Project, then the rentable area and/or usable area of the Premises, the Building and/or the Project, as the case may be, shall be appropriately adjusted as of the date of such re-measurement or such alteration and/or other modification, respectively, based upon the written verification by Landlord’s 's space planner or Landlord’s 's space management firm of such revised rentable area and/or usable area. In the event of any such adjustment to the rentable area and/or usable area of the Premises, the Building and/or the Project, all amounts, percentages and figures appearing or referred to in this Lease based upon such rentable area and/or usable area (including the amount of the "Rent" and any "Security Deposit," as those terms are defined in Article ARTICLE 4 and Article ARTICLE 21 of this Lease, respectively) shall be modified in accordance with such determination. If other floors of the Building are in shell condition, the load factor may vary. Premises which are not yet demised (common area corridors and/or boundary walls have not been fully constructed) are subject to re-measurement upon completion of construction, and load factors (rentable vs. usable area) are subject to re-calculation upon completion of tenant improvements on the floor on which the Premises are located and/or on conversion of floors from single to multi-tenant use and vice versa.

Appears in 1 contract

Samples: Office Lease (Aethlon Medical Inc)

Verification of Rentable Square Feet of Premises and Building. For purposes of this the Lease, the “rentable square feet” of in the Premises and the Building, as the case may be, shall be measured using the Standard Method calculated pursuant to Landlord’s then current, commercially reasonable method for Measuring Floor Area in Office Buildings, ANSI Z65.1 - 1996 (“BOMA”) as a guidelinemeasuring rentable square footage. In the event Landlord and Tenant hereby stipulate and agree that the rentable area and/or usable of the Premises is as set forth in Section 2.2 of the Summary. Notwithstanding the foregoing, if Landlord, at its option, re-measures the Premises in connection with a re-measurement of the Building to determine the exact amount of rentable area contained therein pursuant to Landlord’s then current, commercially reasonable method for measuring rentable square footage, or if the rentable area of the Premises, Premises and/or the Building and/or the Project shall hereafter change due to (i) a re-measurement and/or recalculation by Landlord of the rentable area and/or usable area of all premises in the Building on a uniform basis or (ii) subsequent alterations and/or other modifications to the Premises, the Building Premises and/or the ProjectBuilding, then the rentable area and/or usable area of the Premises, the Building Premises and/or the ProjectBuilding, as the case may be, shall be appropriately adjusted as of the date of such re-measurement or such alteration and/or other modification, respectively, based upon the written written, commercially reasonable verification by Landlord’s space planner or Landlord’s space management firm of such revised rentable area and/or usable area. In the event of any such adjustment to the rentable area and/or usable area of the Premises, the Building Premises and/or the ProjectBuilding, all amounts, percentages and figures appearing or referred to in this the Lease based upon such rentable area and/or usable area (including including, without limitation, the amount amounts of the “Rent” and any the “Security Deposit,” as those terms are defined in Article 4 and Article 21 of this Lease, respectively, and “Tenant’s Share,” as that term is defined in Section 4.2.10 of the Lease) shall be modified in accordance with such determination. If other floors ; provided, however, if any such adjustment to the rentable area of the Premises and/or the Building are in shell condition, the load factor may vary. Premises which are not yet demised (common area corridors and/or boundary walls have not been fully constructed) are subject to results from a re-measurement upon completion thereof conducted at Landlord’s option, then, notwithstanding anything to the contrary contained in this Section 1.2, “Base Rent,” as defined in Article 3 of constructionthe Lease, and load factors (rentable vs. usable area) are subject to re-calculation upon completion of tenant improvements on the floor on which the Premises are located and/or on conversion of floors from single to multi-tenant use and vice versashall not be modified in accordance with such determination.

Appears in 1 contract

Samples: Office Lease (Catalyst Biosciences, Inc.)

Verification of Rentable Square Feet of Premises and Building. For purposes of this Lease, the “rentable square feet” of in the Premises and the Building, as the case may be, shall be measured using the Standard Method calculated pursuant to Landlord’s then current method for Measuring Floor Area in Office Buildings, ANSI Z65.1 - 1996 (“BOMA”) as a guidelinemeasuring rentable square footage. In the event Landlord and Tenant hereby stipulate and agree that the rentable area and/or usable of the Premises is as set forth in Section 2.2 of the Summary. Notwithstanding the foregoing, if Landlord, at its option, re-measures the Premises in connection with a re-measurement of the Building to determine the exact amount of rentable area contained therein pursuant to Landlord’s then current method for measuring rentable square footage, or if the rentable area of the Premises, Premises and/or the Building and/or the Project shall hereafter change due to (i) a re-measurement and/or recalculation by Landlord of the rentable area and/or usable area of all premises in the Building on a uniform basis or (ii) subsequent alterations and/or other modifications to the Premises, the Building Premises and/or the ProjectBuilding, then the rentable area and/or usable area of the Premises, the Building Premises and/or the ProjectBuilding, as the case may be, shall be appropriately adjusted as of the date of such re-measurement or such alteration and/or other modification, respectively, based upon the written verification by Landlord’s space planner or Landlord’s space management firm of such revised rentable area and/or usable area. In the event of any such adjustment to the rentable area and/or usable area of the Premises, the Building Premises and/or the ProjectBuilding, all amounts, percentages and figures appearing or referred to in this Lease based upon such rentable area and/or usable area (including including, without limitation, the amount amounts of the “Rent” and any the “Security Deposit,” as those terms are defined in Article 4 and Article 21 of this Lease, respectively, and “Tenant’s Share,” as that term is defined in Section 4.2.9 of this Lease) shall be modified in accordance with such determination. If other floors ; provided, however, if any such adjustment to the rentable area of the Premises and/or the Building are in shell condition, the load factor may vary. Premises which are not yet demised (common area corridors and/or boundary walls have not been fully constructed) are subject to results from a re-measurement upon completion thereof conducted at Landlord’s option, then, notwithstanding anything to the contrary contained in this Section 1.2, “Base Rent,” as defined in Article 3 of constructionthis Lease, and load factors (rentable vs. usable area) are subject to re-calculation upon completion of tenant improvements on the floor on which the Premises are located and/or on conversion of floors from single to multi-tenant use and vice versashall not be modified in accordance with such determination.

Appears in 1 contract

Samples: Office Lease (Novacea Inc)

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Verification of Rentable Square Feet of Premises and Building. For purposes of this Lease, the “rentable square feet” of in the Premises and the Building, as the case may be, shall be measured using the Standard Method calculated pursuant to Landlord’s then current method for Measuring Floor Area in Office Buildings, ANSI Z65.1 - 1996 (“BOMA”) as a guidelinemeasuring rentable square footage. In the event Landlord and Tenant hereby stipulate and agree that the rentable area and/or usable of the Premises is as set forth in Section 2.2 of the Summary. Notwithstanding the foregoing, if Landlord, at its option, re-measures the Premises in connection with a re-measurement of the Building to determine the exact amount of rentable area contained therein pursuant to Landlord’s then current method for measuring rentable square footage, or if the rentable area of the Premises, Premises and/or the Building and/or the Project shall hereafter change due to (i) a re-measurement and/or recalculation by Landlord of the rentable area and/or usable area of all premises in the Building on a uniform basis or (ii) subsequent alterations and/or other modifications to the Premises, the Building Premises and/or the ProjectBuilding, then the rentable area and/or usable area of the Premises, the Building Premises and/or the ProjectBuilding, as the case may be, shall be appropriately adjusted as of the date of such re-measurement or such alteration and/or or other modification, respectively, based upon the written verification by Landlord’s space planner or Landlord’s space management firm of such revised rentable area and/or usable area. In the event of any such adjustment to the rentable area and/or usable area of the Premises, the Building and/or the ProjectBuilding, all amounts, percentages and figures appearing or referred to in this Lease based upon such rentable area and/or usable area (including including, without limitation, the amount amounts of the “Rent” and any the “Security Deposit,” as those terms are defined in Article 4 and Article 21 of this Lease, respectively, and “Tenant’s Share,” as that term is defined in Section 4.2.9 of this Lease) shall be modified in accordance with such determination. If other floors ; provided, however, if any such adjustment to the rentable area of the Premises and/or Building are in shell condition, the load factor may vary. Premises which are not yet demised (common area corridors and/or boundary walls have not been fully constructed) are subject to results from a re-measurement upon completion thereof conducted at Landlord’s option, then, notwithstanding anything to the contrary contained in this Section 1.2, “Base Rent,” as defined in Article 3 of constructionthis Lease, and load factors (rentable vs. usable area) are subject to re-calculation upon completion of tenant improvements on the floor on which the Premises are located and/or on conversion of floors from single to multi-tenant use and vice versa.shall not be modified in accordance with such determination,

Appears in 1 contract

Samples: Office Lease (Hyperion Therapeutics Inc)

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