Fourth Floor Premises definition

Fourth Floor Premises means the fourth floor Rentable Area as to which such option is timely and properly exercised. Such exercise shall only be effective if (a) Tenant gives written notice of such exercise to Landlord on or before October 1, 1999, (b) such written notice specifies that it is effective as to one of the following amounts of Rentable Area on the fourth floor of the Building: (i) 50 percent, (ii) 75 percent, or (iii) 100 percent, (c) such written notice shall be accompanied by (A) Tenant's scope of work and specifications sufficient to allow Landlord to prepare working drawings, plans, and specifications for the Fourth Floor Premises, and (B) payment of an amount equal to twice the amount of first month's Basic Monthly Rent for the Fourth Floor Premises, constituting first month's Basic Monthly Rent and an additional security deposit, respectively. Landlord may market fourth floor space to potential tenants but Landlord shall not enter into any lease for the fourth floor with any other tenant that is not expressly subject to Tenant's rights under this Paragraph. Within 15 days after Tenant's exercise of such expansion option, Landlord and Tenant shall enter into an Amendment to this Lease memorializing the expansion of the Premises to include the Fourth Floor Premises.

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Fourth Floor Premises means the portion of the Leased Premises located on the Fourth Floor of the Podium Area and containing Thirty-Four Thousand Two Hundred Eighty-Nine (34,289) square feet of Net Rentable Area.

Fourth Floor Premises shall consist of, collectively, the following space on the fourth floor of the Building: (a) approximately Four Thousand One Hundred Forty Seven (4,147) rentable square feet of space known as Suite 400 (the “Suite 400 Premises”) (b) approximately Five Thousand Six Hundred Fifty Three (5,653) rentable square feet of space known as Suite 410 (the “Suite 410 Expansion Premises”) (c) approximately Four Thousand Nine Hundred Eighty (4,980) rentable square feet of space known as Suite 450 (the “Suite 450 Premises”)

Examples of Fourth Floor Premises in a sentence

Upon delivery of possession of the Premises to Tenant Rent Commencement Date: The earlier to occur of (i) April 1, 2004 or (ii) the date Tenant takes occupancy of any portion of the Premises for the conduct of business provided, however, that, with respect to the Fourth Floor Premises only, the Rent Commencement Date shall be the earlier to occur of (i) September 1, 2005 or (ii) the date Tenant takes occupancy of any portion of the Fourth Floor Premises for the conduct of business.
Finally, commencing December 1, 2019, Tenant shall pay Base Rent at the then applicable rate upon the final 10,973 leasable square feet of the Fourth Floor Premises, such that from and after December 1, 2019, for the remainder of the Term, Tenant will pay Base Rent upon the entire 65,834sf Leased Premises.
The third paragraph of Section 3 of the Lease is hereby deleted in its entirety and the following is inserted in lieu thereof: “Commencing April 1, 2019, Tenant shall pay Base Rent at the then applicable rate upon 16,458 leasable square feet of the Fourth Floor Premises, such that the total leasable square footage upon which Tenant is paying Base Rent shall be 49,376sf.
For purposes of this Paragraph 8, "Fourth Floor Premises" shall mean the fourth floor Rentable Area as to which such option is timely and properly exercised.
Landlord shall use diligent and good faith efforts to cause the Tenant Improvements for the Fourth Floor Premises to be Substantially Completed by February 1, 2019.
Tenant shall have the right and option to extend the Term for the Fourth Floor Premises, Fifth Floor Premises, any other full floor of the Building that may be incorporated into this lease pursuant to the terms hereof, or all of the Leased Premises for two five-year renewal terms (each, a “Renewal Term”).
Notwithstanding the foregoing, if at any time prior to the dates set forth in items (2)-(4) of this subsection (i), Tenant occupies all or any portion of the Fourth Floor Premises, Tenant shall provide Landlord advance written notice thereof and the rentable square footage of that portion of the Fourth Floor Premises being occupied by Tenant shall be included in the Leased Premises for purposes of calculating Tenant’s Pro Rata Share of Operating Costs.
Commencing June 1, 2019, Tenant shall pay Base Rent at the then applicable rate upon 10,972 leasable square feet of the Fourth Floor Premises, such that the total leasable square footage upon which Tenant is paying Base Rent shall be 43,889sf.
Further, commencing August 1, 2019, Tenant shall pay Base Rent at the then applicable rate upon an additional 10,972 leasable square feet of the Fourth Floor Premises, such that the total leasable square footage upon which Tenant is paying Base Rent shall be 54,861sf.
Within 15 days after Tenant's exercise of such expansion option, Landlord and Tenant shall enter into an Amendment to this Lease memorializing the expansion of the Premises to include the Fourth Floor Premises.

More Definitions of Fourth Floor Premises

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