Examples of Phase III Premises in a sentence
Landlord shall deliver each of the Phase I Premises, Phase II Premises, and Phase III Premises in a “warm shell” condition and in conformance with the base building standards as set forth on Exhibit B-1 hereto (the “Landlord Work”).
Landlord shall not be liable to Tenant if Landlord does not deliver possession of the Phase I Premises, Phase II Premises, or Phase III Premises to Tenant on the Phase I Premises Commencement Date, Phase II Premises Commencement Date, or Phase III Premises Commencement Date, respectively.
Effective as of the Phase III Premises Commencement Date, Floor 3 Common Area A shall be deemed to be Tenant Controlled Common Area.
From the Phase III Premises Commencement Date through the 34 Xxxxxx Premises Termination Date, the “Premises Rentable Area” shall consist of approximately 31,542 rentable square feet in the aggregate located on the (i) first (1st) floor of the 36 Xxxxxx Building as shown on Exhibit A, consisting of the Phase I Premises and the Phase II Premises, and (ii) first (1st) floor of the 34 Xxxxxx Building as shown on Exhibit A, consisting of approximately 11,756 rentable square feet (the “Phase III Premises”).
For purposes of calculating the unamortized portion of the cost of such Improvements, the cost of such Improvements shall be deemed amortized in equal monthly installments without interest over a period of time beginning on the Phase I Premises Commencement Date, Phase II Premises Commencement Date, and Phase III Premises Commencement Date (as applicable) and ending on the scheduled Expiration Date.
From the Phase II Premises Commencement Date through the day immediately preceding the Phase III Premises Commencement Date, the “Premises Rentable Area” shall consist of approximately 19,786 rentable square feet in the aggregate located on the first (1st) floor of the 36 Xxxxxx Building as shown on Exhibit A, consisting of (i) the Phase I Premises, and (ii) approximately 9,639 rentable square feet (the “Phase II Premises”).
Tenant shall complete construction of the Improvements by the later of (i) seventeen (17) months after the Delivery Date for the applicable Phase, and (ii) (a) September 30, 2019 for the Phase I Premises, (b) May 31, 2020 for the Phase II Premises, and (c) December 31, 2020 for the Phase III Premises (the applicable foregoing “later of” date is an “Outside Allowance Date”).
From the Phase III Premises Commencement Date through the 34 Xxxxxx Premises Termination Date, Tenant shall be entitled to one hundred four (104) non-exclusive parking spaces, subject to the terms and provisions of Article 30.
PSF Phase III Premises Commencement Date – 7/31/04 $ 276,707.76 $ 23,058.98 $ 2.75 8/1/04-7/31/05 $ 281,738.76 $ 23,478.23 $ 2.80 8/1/05-7/31/06 $ 286,769.88 $ 23,897.49 $ 2.85 8/1/06-7/31/07 $ 291,800.88 $ 24,316.74 $ 2.90 8/1/07-7/31/08 $ 296,832.00 $ 24,735.00 $ 2.95 Tenant shall also pay Tenant’s Proportionate Share (as set forth in Section 1.12) of Operating Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, “Additional Rent”].
Landlord represents and warrants to Tenant that, on the Phase I Premises Commencement Date, Phase II Premises Commencement Date, and Phase III Premises Commencement Date, the Phase I Premises, Phase II Premises, and Phase III Premises, respectively, shall, to Landlord’s actual knowledge, be in compliance with all applicable Laws in all material respects.