Contracted NLA definition
Examples of Contracted NLA in a sentence
The Certified Net Lettable Floor Area shall not be less than 95% of the Contracted NLA.
The adjusted Contracted NLA shall serve as the "Contracted NLA" for the purposes of this Agreement and all references to Contracted NLA in this Agreement shall refer to such adjusted Contracted NLA as determined by the Landlord under this Clause.
The Land is subject to final survey by JTC and upon finalisation of the survey and notification by JTC to the Landlord of the final surveyed area of the Land, the Landlord shall based on the advice of the QP and acting reasonably and in good faith, make adjustment to the Contracted NLA of the Premises (by reason solely of the increase or reduction in the area of the Land based on the final survey by JTC), and will notify the Tenant in writing the adjusted Contracted NLA of the Premises.
For the avoidance of doubt, the rent and service charge payable under the Lease Agreement shall be computed on the Certified Net Lettable Floor Area, provided that if the Certified Net Lettable Floor Area exceeds 105% of the Contracted NLA, the rent and service charge payable under the Lease Agreement shall be computed based on 105% of the Contracted NLA.