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, "rentable square feet" and "usable square feet" shall be calculated pursuant to Standard Method of Measuring Floor Area in Office Building, ANSI Z65.1 - 1996 ("BOMA"). The rentable and usable square feet of the Premises and the Building are subject to verification from time to time by Landlord's space planner/architect and such verification shall be made in accordance with the provisions of this Section 1.2.__The determination of ----------- Landlord's space planner/architect shall be conclusive and binding upon the parties. In the event that Landlord's space planner/architect determines that the amounts thereof shall be different from those set forth in this Lease, all amounts, percentages and figures appearing or referred to in this Lease based upon such incorrect amount (including, without limitation, the amount of the "Rent" and any "Security Deposit," as those terms are defined in Section 4.1 and ----------- Article 21 of this Lease, respectively) shall be modified in accordance with ---------- such determination effective as of the date of such determination. If such determination is made, it will be confirmed in writing by Landlord to Tenant.

Appears in 1 contract

Samples: Temporary Space Agreement (Ecommercial Com Inc)

AutoNDA by SimpleDocs

Verification of Rentable Square Feet of Premises and Building. For purposes of this Lease, "rentable square feet" and "usable square feet" shall be calculated pursuant to the Office Buildings: Standard Methods of Measurement and Calculating Rentable Area – 2017 (Method of Measuring Floor Area in Office BuildingB), ANSI Z65.1 - 1996 and its accompanying guidelines (collectively, "BOMA"). The Within thirty (30) days after the "Lease Commencement Date" (as that term is defined in Section 2.1 of this Lease), Xxxxxxxxx Systems, an independent third-party space measurement company, shall measure the rentable and usable square feet of the Premises and the Building are subject to verification from time to time by Landlord's space planner/architect and such verification shall be made in accordance with BOMA, and the provisions of this Section 1.2.__The determination of ----------- Landlord's space planner/architect Xxxxxxxxx Systems shall be conclusive and binding upon the parties, absent manifest error. In the event that Landlord's space planner/architect Xxxxxxxxx Systems determines that the amounts thereof shall be different from those set forth in this Lease, all amounts, percentages and figures appearing or referred to in this Lease based upon such incorrect amount (including, without limitation, the amount of the "Rent" and any "Security Deposit," as those terms are defined in Section 4.1 and ----------- Article 21 of this Lease, respectively), after thirty (30) days prior notice to Tenant to verify such calculations, shall be modified in accordance with ---------- such determination effective as determination; provided, however, regardless of such actual determination, with regard to the calculation of any such amounts, percentages and figures, in no event shall the rentable square footage of the date Premises exceed 68,360 rentable square feet (i.e., 102% of such determinationthe anticipated rentable square footage of the Premises of 67,020 set forth in in Section 2.4 of the Summary). If such determination is made, it will be confirmed in writing by Landlord to Tenant.

Appears in 1 contract

Samples: Office Lease (Acadia Pharmaceuticals Inc)

Verification of Rentable Square Feet of Premises and Building. For purposes of this Lease, "rentable square feet" and "usable square feet" shall be calculated pursuant to Standard Method of Measuring Floor Area in Office Building, ANSI Z65.1 - 1996 ("BOMA"). The Promptly following the Substantial Completion of the Premises, the Building and the Premises shall be measured by Xxxxxxxxx Systems, Landlord’s space planner/architect, to determine the actual rentable and usable square footage. Within fifteen (15) days of such determination by Xxxxxxxxx Systems, Tenant may verify the rentable and usable square feet of the Premises and the Building are subject to verification from time to time Premises, as determined by Landlord's ’s space planner/architect and architect. In the absence of a manifest error by Landlord’s space planner/architect, or if Tenant does not elect to verify such verification shall be made in accordance with determination within the provisions of this Section 1.2.__The applicable fifteen (15) day period, the determination of ----------- Landlord's ’s space planner/architect shall be conclusive and binding upon the parties. In the event that Landlord's space planner/architect determines there is a determination that the amounts thereof shall be different from those set forth in this Lease, all amounts, percentages and figures appearing or referred to in this Lease based upon such incorrect amount (including, without limitation, the amount of the "Rent" and any "Security Deposit," as those terms are defined in Section 4.1 and ----------- Article 21 of this Lease, respectively) shall be modified in accordance with ---------- such determination effective as of the date of such determination. If such determination is made, it will be confirmed in writing by Landlord to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Buy Com Inc)

AutoNDA by SimpleDocs

Verification of Rentable Square Feet of Premises and Building. For ------------------------------------------------------------- purposes of this Lease, "rentable square feet" and "usable square feet" shall be calculated pursuant to Standard Method of Measuring Floor Area in Office Building, ANSI Z65.1 - 1996 ("BOMA"). The rentable and usable square feet Promptly following the Substantial Completion of the Premises Premises, the Building and the Building are subject to verification from time to time Premises shall be measured by Xxxxxxxxx Systems, Landlord's space planner/architect architect, to determine the actual rentable and such verification shall be made in accordance with the provisions of this Section 1.2.__The usable square footage. The determination of ----------- Landlord's space planner/architect shall be conclusive and binding upon the parties. In the event that Landlord's space planner/architect determines that the amounts thereof shall be different from those set forth in this Lease, all amounts, percentages and figures appearing or referred to in this Lease based upon such incorrect amount (including, without limitation, the amount of the "Rent" and any "Security Deposit," as those terms are defined in Section 4.1 and ----------- Article 21 ----------- ---------- of this Lease, respectively) shall be modified in accordance with ---------- such determination effective as of the date of such determination. If such determination is made, it will be confirmed in writing by Landlord to Tenant.

Appears in 1 contract

Samples: Lease (Buy Com Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!