Initial Space definition

Initial Space means the approximately 300,000 square foot area within the Building labeled as on the Site Plan.
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Initial Space means, collectively, the Initial Office Space, the Ground Floor Space, and, if not included in the Initial Office Space due to a 51st Floor Space Use Change Election, the 51st Floor Space, subject, however, to the last sentence of Section 2.02B hereof.
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Initial Space means space in the Building located on all of the eleventh through nineteenth Floors.
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Examples of Initial Space in a sentence

  • Accordingly, for the period of time in which the Company leases only the Initial Space, the Increased PILOT which shall be due and payable for the square footage that is not occupied by the Company, shall, when added to the Wellsky II PILOT, comprise the entire PILOT of approximately 66.3% which is initially due and payable for the Project (the "Total PILOT").

  • From and after the date on which Tenant commences the conduct of its business therein for the Permitted Use, as to the Initial Space, and as to any Subsequent Space, Tenant shall pay to Landlord as Additional Rent, within thirty (30) days after receipt from Landlord of each statement of the amount due, Landlord's actual cost in each period chosen by Landlord, of supplying such quantity of electricity ("Tenant Electricity") as is consumed by Tenant in the Premises ("Tenant Electricity Costs").

  • E) Rent payment for the Initial Space shall begin on the Lease Commencement Date.

  • B" Commencing on May 1, 1992 the LESSEE shall take and lease from the LESSOR an additional 5,021 (+/-) square feet of space ("ADDITIONAL SPACE") consisting of 500 (+/-) square feet of office space and 4,521 (+/-) of warehouse space located contiguous to the Initial Space, as shown on the space plan hereto annexed as Exhibit 1, outlined in yellow, and being identified thereon as "Additional Space B".

  • Subject to the occurrence of a Force Majeure Delay or a Tenant Delay (both hereinafter defined), Landlord agrees to substantially complete the construction of the Initial Space Finish Work by June 1, 1997 (the "Estimated Commencement Date").

  • From and after Early Access Date, Landlord shall provide Tenant with access to the Initial Space; provided, however, that if the Existing Tenant Surrender Date occurs from and after January 1, 2012, then Landlord shall provide Tenant with access to the entire Premises on the Commencement Date.

  • After completion of the work in each of the three spaces (the Initial Space, the First Additional Space, and the Second Additional Space) and final Request For Payment for each of the three spaces submitted by Tenant, any unused portion of the Allowance for each of the three spaces (but not to exceed $1.50 per square foot) shall be applied as credit on payment against Minimum Rent or Additional Rent.

  • With respect to the Eleventh Floor Initial Space only, Paragraphs 3(b) and 3(c) of the Lease is hereby amended to provide that the Real Estate Taxes and Base Operating Charges for the Eleventh Floor Initial Space shall be based on the calendar year 2000.

  • Tenant shall not be required to restore the Tenant Improvements shown on the attached Initial Space Plan.

  • If Landlord is delayed in completing such construction by the Estimated Commencement Date for any reason other than a Force Majeure Delay or a Tenant Delay, then the delay in commencement of Tenant's obligation to pay rent under the Lease for that portion of the Initial Space which is untenable until ten (10) days after substantial completion of the Initial Space Finish Work, shall constitute full settlement of all claims that Tenant may have against Landlord based on such a delay.


More Definitions of Initial Space

Initial Space shall be as defined in Section 1.1.
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Initial Space has the meaning set forth in section 1.1(a).
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Initial Space. Initial Term" and "additional Space" shall have the meanings given to them in the Lease dated September 13, 1996 and the First Amendment to Lease dated November 25, 1996.
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Initial Space means the Initial Office Space, the Storage Space, Tenant’s Roof Top Space and, if Tenant exercises its option under Section 1.04A hereof, the entire rentable area of the 51st Floor Space, which rentable area is shown on the Floor Plans and Exhibit G (subject to amendment of Exhibit G as contemplated hereunder).
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Initial Space is defined in Section 4.2.
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Related to Initial Space

  • Expansion Space means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Grave space means a space of ground in a cemetery that is used or intended to be used for an in-ground burial.

  • Storage Space means a space where goods of non-hazardous nature are stored and includes cold storage and banking safe vaults;

  • School premises means either of the following:

  • Available Space means the balance of the rentable square footage in the Building not already included as part of the Premises, which is not occupied by a tenant or which is occupied by an existing tenant whose lease is expiring within 6 months or less and such tenant does not wish to renew (whether or not such tenant has a right to renew) its occupancy of such space. If there is any Available Space in the Building, Landlord shall, at such time as Landlord shall elect so long as Tenant’s rights hereunder are preserved, deliver to Tenant written notice (the “Expansion Notice”) of such Available Space, together with the terms and conditions on which Landlord is prepared to lease Tenant such Available Space; provided that Base Rent shall be at the Market Rate (as defined in Section 40(a) below) for such Available Space. Tenant shall be entitled to exercise its right under this Section 39(a) only with respect to the entire Available Space described in such Expansion Notice (“Identified Available Space”). Tenant shall have 5 business days following delivery of the Expansion Notice to deliver to Landlord written notification of Tenant’s exercise of the Expansion Right with respect to the Identified Available Space (“Exercise Notice”). Tenant shall be entitled to lease such Identified Available Space upon the terms and conditions set forth in the Expansion Notice. If Landlord and Tenant are unable to agree on the Market Rate for the Available Space after negotiating in good faith within 5 days after Tenant’s delivery of an Exercise Notice, the applicable Market Rate will be determined through arbitration in accordance with Section 40(b). Tenant acknowledges and agrees that, if Tenant has delivered an Exercise Notice pursuant to this Section 39(a), Tenant shall have no right thereafter to rescind or elect not to lease the Available Space. Tenant acknowledges that the Term of the Lease with respect to the Identified Available Space may not be co-terminous with the Term of the Lease with respect to the original Premises. Notwithstanding anything to the contrary contained herein, Tenant shall have no right to exercise the Expansion Right and the provisions of this Section 39(a) shall no longer apply after the date that is 9 months prior to the expiration of the Base Term if Tenant has not exercised its Extension Right pursuant to Section 40. If Tenant fails to deliver an Exercise Notice to Landlord for the Identified Available Space within the required 5 business day period, Tenant shall be deemed to have forever waived its rights under this Section 39(a) to lease the Identified Available Space, and Landlord shall have the right to lease the Identified Available Space to any third party on any terms and conditions acceptable to Landlord.