Floor Common Area definition
Examples of Floor Common Area in a sentence
The Floor Common Area Proportionate Share for the Premises on any floor of the Building shall also be reduced to equal a fraction, the numerator of which is the number of rentable square feet of the Premises on such floor of the Building after the taking and the denominator of which is the number of rentable square feet of such floor of the Building after the taking.
The Floor Common Area is defined as the area on a Multiple-Tenancy floor shared with other tenants on that floor.
Tenant will continue to have the right to utilize the First Floor Common Area with other tenants in the Building for the remainder of the term of the Lease.
Subtenant shall also pay as additional rent for all other expenses for which Sublandlord is or would be responsible under the Prime Lease to the extent such expenses relate to the Subleased Premises (e.g., after hours HVAC ordered by Subtenant) or Subtenant’s use of the Ninth Floor Common Area.
The pro rata portion of the Floor Common Area shall be a fraction in which the numerator is the Floor Useable Area of that specific tenant on that particular floor.
Such payment is intended to offset a portion of Tenant’s costs associated with vacating the Floors of the Building and the First Floor Common Area.
Floor Common Area shall be measured from the office side of corridors and/or permanent partitions, to the office of corridors and/or other permanent partitions.
Tenant will work with Landlord to allow Landlord and Landlord’s architects, contractors and vendors access to the First Floor Common Area and the Floors upon the full execution and delivery of this First Amendment and the Indemnification Agreement, to prepare plans and specifications for the New Tenant Improvements, provided such access will not interfere or create a nuisance with Tenant’s business activities.
All of the common area of the first floor (the “First Floor Common Area”) shall additionally be returned to Landlord as of the Effective Date and the square footage of the First Floor Common Area shall be deducted from Tenant’s rentable square feet of space.
The Premises excluding the First Floor Common Area and the Floors shall be known in this First Amendment as the “Remaining Premises”.