Comparable Space definition

Comparable Space means similar space in office buildings in the central business district of Chicago where the Building is located, which are comparable to the Building in reputation, quality, age, size, location, and level and quality of services provided, and which have similar occupancy of the Building, but excluding those leases where tenants have an equity interest in the building.

Comparable Space means a comparable amount of office space, with at least comparable views and other amenities, located on the same floor or higher in the Building, or in the case of space not in the Building, space in such other building on the same floor or higher as the space in question in the Building, with at least comparable views and amenities.

Comparable Space means a comparable amount of space (considering the standard of measurement by which square footage is measured) in comparable condition (i.e., shell or second generation) on a comparable floor and with a comparable view located in a building of comparable age and construction, with a comparable number of floors, a floor plate of comparable size and configuration and offering comparable services and amenities.

Examples of Comparable Space in a sentence

• The Lease for the Option Term shall be upon the same terms and conditions as during the original Term, except (i) the Base Year for calculating Additional Lease Charges for the Option Term shall be the period specified in the Basic Lease Information, and (ii) the Minimum Rent during the Option Term shall be equal to ninety-five percent (95%) of the Prevailing Market Rate (as that term is defined in subsection (c) hereof) for Comparable Space (as that term is defined in subsection (b) hereof).

• No later than ten (10) months prior to the commencement of the Option Term, Landlord shall serve Tenant with a written notice setting forth Landlord's determination of the Prevailing Market Rate for the Option Term ("Landlord's Notice") and with a list of leases of Comparable Space ("Comparable Space List") upon which Landlord's Notice was based.

• During the Term during Normal Business Hours, Landlord shall operate and manage the Building in an efficient, cost-effective manner; and provide janitorial and other services comparable in service and quality to those provided for Comparable Space.

• Such second extended Term shall commence upon the expiration date of the extended Term of this Lease, expire upon the annual anniversary of said date five (5) years thereafter, and be upon the same terms, covenants and conditions as provided in this Lease for the initial extended Term, except that the Annual Rent payable during the second extended Term shall be at the Prevailing Rate for Comparable Space at the commencement of such second extended Term.

• Except as otherwise limited by the terms of this Lease, all costs and expenses directly and reasonably incurred by Landlord (the nature, character and extent of which are customarily incurred by landlords of Comparable Space) in the operation and maintenance of the Building.

More Definitions of Comparable Space

Comparable Space means office and lab space that is (i) comparable in size, location, and quality to the Premises; (ii) leased for a term comparable to the Option Term; (iii) with respect to the portion of the Premises used for office purposes, located in the Building or other comparable office buildings in the “South of Market” vicinity of the Building; and (iv) with respect to the portion of the Premises used for lab purposes, located in comparable lab space in San Francisco, or if less than three (3) comparable lab spaces are available in San Francisco at the time of determination of the Market Rate, then comparable lab space in San Francisco and South San Francisco. In determining the Market Rate, the parties shall include all escalations and take into consideration (a) free rent and other rental abatement concessions, if any, being granted to tenants in connection with the Comparable Space; and (b) tenant improvements or allowances provided or to be provided for the Comparable Space, taking into account the value of the existing improvements in the Premises to Tenant, based on age, quality, and layout of the improvements. The Market Rate for an Option Term shall be calculated pursuant to Section 3.03C below. Such calculations as agreed upon by Tenant and Landlord as stated below shall be final and shall not be recalculated at the actual commencement of such Option Term.

Comparable Space shall have the meaning ascribed to such term in Section 7.05(c);

Comparable Space as used herein for the purpose of determining "market rates" shall mean buildings of the same quality as the Building and located in the Boston metropolitan area, including specifically the Xxxxxx submarket.

Comparable Space as used herein for the purpose of determining "market rates" shall mean buildings of the same quality as the Building and located in the same town as the Building.

Comparable Space as used herein for the purpose of determining "market rates" shall mean comparable Class A office buildings located in the Applicable Submarket.

Comparable Space as used herein for the purpose of determining “market rates” shall mean mid-rise office buildings located in the Hauppauge area.

Comparable Space as used herein shall mean any space in the Building which is (A) reasonably expected to be available for lease within three (3) months before or after the effective date of the proposed sublease or assignment, (B) equivalent in size, plus or minus twenty-five percent (25%), of the RSF of the proposed sublease space or, in the case of a proposed assignment, the Premises, (C) available for an equivalent term, plus or minus twenty-five percent (25%), of the proposed term of the proposed sublease space or, in the case of a proposed assignment, the remaining Term and (D) is located in the same elevator bank in the Building (or a lower elevator bank) as the portion of the Premises Tenant proposes to assign or sublet,