Initial Premises definition

Initial Premises has the meaning set forth in this Section 1.01 in the definition of “Premises”.

Initial Premises as used in this Amendment shall mean all premises leased by Tenant in the Building prior to the addition of the Expansion Area described in this Amendment.

Initial Premises means: (i) all of the leasable space on the 3rd, 4th, 8th and 9th floors of the North Tower (as defined below) as shown on the floor plans attached hereto as Exhibit “A-1,” “A-2,” “A-3” and “A-4,” (collectively, the “Initial 515 Premises”); and (ii) the space on the 37th Floor of the South Tower (as defined below), as shown on the floor plan attached hereto as Exhibit “A-5,” (“Suite 3700”). The “Premises” shall mean the Initial Premises and any other space in the Project added to the Initial Premises pursuant to the terms of this Lease. The “North Tower Premises” shall mean the portion of the Premises located in the North Tower and the “South Tower Premises” shall mean Suite 3700 and any other portion of the Premises located in the South Tower.

Examples of Initial Premises in a sentence

• The Availability Premises Improvement Allowance shall be distributed by Landlord in a manner consistent with the distribution of the Tenant Improvement Allowance with respect to the Initial Premises.

• The Base Rent and Tenant’s Share of Direct Expenses for the Must-Take 1 Space shall be at the same rate per rentable square foot, and shall thereafter be escalated in the same manner, as the then current Base Rent for the Initial Premises located in the podium, as such Base Rent and Additional Rent are adjusted and escalated pursuant to the terms of this Lease.

• The Base Rent for the first full month of the Lease Term which occurs after the expiration of any free rent period shall be paid within three (3) business days after the date on which Landlord delivers possession of all of the Initial Premises to Tenant in the Delivery Condition.

• The Base Rent and Tenant’s Share of Direct Expenses for the Must-Take 2 Space shall be at the same rate per rentable square foot, and shall thereafter be escalated in the same manner, as the then current Base Rent for the Initial Premises located in the podium, as such Base Rent and Additional Rent are adjusted and escalated pursuant to the terms of this Lease.

• Therefore within the market analysis below, we have focussed on the areas of rail infrastructure and vehicle maintenance and the differentiator in the SIA system, the use of EU GNSS in the system in the context of the rail industry.

More Definitions of Initial Premises

Initial Premises means the area located on the entire second (2nd), third (3rd), fourth (4th) and fifth (5th) floors of the Building, as outlined on Exhibit A attached hereto and incorporated herein, containing approximately one hundred twenty five thousand four hundred ninety (125,490) rentable square feet of area and one hundred thirteen thousand fifty four (113,054) usable square feet of area, measured on a single tenant per floor basis, using BOMA standards. The area of the Premises may be adjusted or expanded in accordance with the provisions of Section 5.A below. The Initial Premises, as later modified or expanded, is referred to in this Lease as the "PREMISES."

Initial Premises. As defined in Recital B.

Initial Premises means 28,628 rentable square feet, more or less, on the nineteenth (19th) and twentieth (20th) floors of the Building, as set out in the Lease.

Initial Premises means the Initial Premises as set forth in the Basic Lease Information.

Initial Premises means (i) floors 2, 8, 9, 10, 11 and 12 containing an aggregate 168,422.64 RSF, and (ii) the Roof Terrace which shall have no allocable RSF.

Initial Premises means the premises described in the Lease and outlined on Exhibit B to the Lease, which premises is commonly known and referred to as Suite 150 and contains approximately 14,889 square feet of Rentable Area.

Initial Premises as used in this Amendment shall mean all premises leased by Tenant in the Building prior to the addition of the Expansion Area described in this Amendment. The Initial Premises contain 46,783 Rentable Square Feet of space.