Contraction Space definition

Contraction Space is defined in Exhibit G hereto.

Contraction Space. Is defined in Article 4.3 hereof.

Contraction Space means either one or two contiguous full floors of the Premises (other than the Expansion Premises).

Examples of Contraction Space in a sentence

• Descriptiona) PLF for Feb-23 is 44.29% & upto Feb-23 is 87.54%, b) Availability for Feb-23 is 44.10% & upto Feb-23 is 88.87%.Progressive Adjustment: 1) Coal consumption increased by Rs 6 Crs, 2) O&M charges increased by Rs 10 Crs due to incentive payment.

• Tenant covenants and agrees to either (i) reimburse Landlord, on demand, for Landlord's cost to demise the Contraction Space separate from the balance of the Premises retained by Tenant or (ii) demise, at its sole cost and expense, the Contraction Space separate from the balance of the Premises retained by Tenant.

• If Tenant exercises its Contraction Right under this Section 3.05, the effective date of contraction shall be October 31, 2028 (the "Contraction Date") and Tenant shall surrender the Contraction Space to Landlord no later than the Contraction Date.

• On or before the Contraction Date, Tenant shall vacate the Contraction Space, and surrender possession of the Contraction Space to Landlord and deliver the same to Landlord in a broom-clean condition.

• If Tenant timely provides to Landlord the Pre-Lease Contraction Option Exercise Notice as provided in this Section 51, then the Lease shall terminate solely with respect to the Contraction Space effective as of the date set forth in the Pre-Lease Contraction Option Exercise Notice.

More Definitions of Contraction Space

Contraction Space means the number of rentable square feet Tenant wishes to reduce the Premises, in accordance with the terms hereof. If Tenant wishes to exercise its Contraction Right, Tenant must deliver written notice to Landlord not less than twelve (12) months prior to the expiration of the second year or third year of the initial four-year term, as applicable. If Tenant exercises its Contraction Right in accordance with the terms of this ARTICLE 30, the Premises shall thereafter be deemed reduced by the Contraction Space for all purposes under this Lease as of the Contraction Effective Date and Tenant shall vacate the Contraction Space prior to the Contraction Effective Date and comply with all terms of the Lease with respect to the condition of the Premises as of the date of expiration of this Lease. Following Tenant's exercise of its Contraction Right(s), Landlord and Tenant will enter into an amendment to the Lease evidencing the deletion of the Contraction Space from the Premises and making such adjustments to the Lease as are necessary to reflect the deletion of the Contraction Space from the Premises, including but not limited to a proportionate reduction in the Rent, Additional Charges and Tenant's Share. Notwithstanding anything else contained herein, if Tenant reduces the Premises as described in clause (i) above, Tenant must reduce its space by at least 75,000 square feet of Rentable Area.

Contraction Space means the reduction of space from the Premises by one full Floor in accordance with Paragraph 6.0(g) below.

Contraction Space. Up to 10% of the rentable space in the Improvements, or one full floor, which the tenant under the MeadWestvaco Lease may give back to Borrower pursuant to the provisions of Section 4.3 of the MeadWestvaco Lease. "Debt Service Constant Percentage" -- The greatest of: C056442/0303008/1557238.9

Contraction Space means, at Tenant’s election, up to twenty percent (20%) of the Premises being leased by Tenant as of the time of Tenant’s exercise of the Contraction Option, provided such Contraction Space shall be (i) in a commercially leasable configuration reasonably acceptable to Landlord, (ii) a minimum of one (1) full floor and (iii) if Tenant shall have exercised the Expansion Option, at Tenant’s election, include either the portion of the Premises that is on the lowest floors in the Unit or the portion of the Premises that is on the highest floors of the Unit (i.e., if the remaining Premises consists of more than one floor, such remaining floors must be contiguous).

Contraction Space shall have the meaning set forth in Section 31.25 hereof.

Contraction Space means the entire 5th Floor Premises (as same may have theretofore been reduced pursuant to Section 42.03 hereof).

Contraction Space as defined in Section 37.1(a). Control: either (a) the ownership, directly or indirectly, of at least fifty percent (50%) of the voting stock of a corporation, or in the case of any Person which is not a corporation, the ownership, directly or indirectly, of at least fifty percent (50%) of the beneficial ownership interests in such Person, or (b) in the case of any Person, irrespective of stock ownership or other beneficial ownership, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person. Conversion: as defined in Section 35.5. CPI: the Consumer Price Index for All Urban Consumers, New York, N.Y. — Northern New Jersey — Long Island, 1982-84=100; provided, however, that if the CPI or any successor index shall cease to be published, Landlord and Tenant shall agree, in writing, on a substitute therefor. If Landlord and Tenant are unable to agree as to such substitute index, such matter shall be determined by arbitration in accordance with Article 34.