Examples of Net square footage in a sentence
The purchase price for the Property (“the Purchase Price”) shall equal Twenty-eight Dollars and two cents ($28.02) multiplied by the Net Square Footage contained in the Property, which the parties agree is 46,721 square feet for a total of $1,309,000.
Net Square Footage See Square Feet, Net Non-Motorized Movement by pedestrians and wheeled equipment that does not rely on a power source (e.g., mechanical, electric, internal combustion) such as bicycles, roller blades, skate boards, wheelchairs, push scooters.
Net Square Footage was determined in accordance with DDA Section 220 as follows: the original total square footage of the Site (265,179 square feet), less areas designated as exclusive use areas consisting of (i) 10,324 square feet for drainage easement purposes, and (ii) 2,216 square feet of exclusive use easements for existing oil xxxxx.
If the survey to be provided pursuant to Section 3(c) reveals that the Property contains fewer or more than 6.6 acres of “Net Square Footage” (as defined below), then the Purchase Price shall be decreased or increased as applicable to an amount equal to the product obtained by multiplying Five Dollars and Seventy Cents ($5.70) by the Net Square Footage of the Property, as shown by the surveyor’s certification.
Net Square Footage shall be the total square footage of the Property less the square footage of any public right of ways existing or required to be dedicated in connection with the development of the Property.