Demised Premises Area definition
Examples of Demised Premises Area in a sentence
The Demised Premises Area set forth in Section 23.01 shall not be increased by reason of the leasing of the Generator Space as escalation payments are not payable with respect to the Generator Space.
If Labor Rates in effect as of January 1st of any Escalation Year shall be such as to constitute an increase above Labor Rates in effect as of January 1, 2000, the Fixed Rent for such Escalation Year shall be increased by a sum equal to the Demised Premises Area multiplied by one hundred (100%) percent of the number of cents (inclusive of any fractions of a cent) of any such increase in Labor Rates.
The Demised Premises Area set forth in Section 23.01 shall be increased or decreased, as the case may be, by the Square Footage Differential.
The Demised Premises Area set forth in Section 23.01 shall be increased by the number of rentable square feet set forth in Schedule C opposite the floor designated by Owner as the Fifth Year Additional Space.
If it is determined that the Demised Premises Area of the Leased Premises is different from that set forth above in the Lease, the Demised Premises shall be adjusted upward or downward accordingly.