Recapture Space definition

Recapture Space shall have the meaning set forth in Section 12.6 hereof.
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Recapture Space shall have the meaning set forth in Section 15.4.
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Recapture Space. As defined in Section 1.7(a).
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Examples of Recapture Space in a sentence

  • Unless the Recapture Space covers all of the Premises demised under this Lease, in which event this Lease shall terminate and come to an end, all Rent shall be reduced in the same proportion as the Recapture Space and any portion of the Premises taken for use as a common corridor or other common area bears to the total Premises prior to such recapture.

  • Either party may require written confirmation of the amendments to this Lease necessitated by Landlord’s recapture of the Recapture Space.

  • Upon receipt of a Recapture Notice, and prior to the Recapture Date, Tenant shall surrender possession of the Recapture Space to Landlord in the condition required under Section 10.4 of this Lease.

  • The Recapture Notice shall set forth (i) the space as to which the Recapture Option is being exercised (the "Recaptures Space"); (ii) Landlord's determination of the number of square feet in the Recapture Space; and (iii) the date upon which such termination is effective (the "Recapture Date").

  • Tenant's obligation to pay such amounts to Landlord shall survive the termination of this Lease (or the termination of this Lease only with respect to the Recapture Space, as the case may be).

  • Tenant shall vacate the Recapture Space on or before the Surrender Date and deliver possession of the Recapture Space to Landlord in the condition required by this Lease.

  • A timely Recapture Notice shall terminate this Lease with respect to the Recapture Space effective as of the date specified in Tenant’s request for consent as the effective date of the proposed transfer.

  • Thereafter, the Basic Rent and Additional Rent will be equitably adjusted based upon the square footage of the Premises then remaining, after deducting the square footage attributable to the Recapture Space.

  • The Recapture Subtenant (and any Person claiming by, through or under the Recapture Subtenant), during the term of the Recapture Sublease, shall have the right to make alterations to the Recapture Space; provided, however, that the Recapture Subtenant shall be required to restore the Recapture Space upon the expiration of the term of the Recapture Sublease.

  • If (x) Landlord gives to Tenant a Recapture Termination Notice, and (y) the Recapture Space constitutes the entire Premises, then the Term shall terminate on the Transfer Date.


More Definitions of Recapture Space

Recapture Space shall have the meaning given such term in Section 14.2(iii) of this Lease.
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Recapture Space. As defined in Section 12.3.
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Recapture Space as used in this Paragraph 17.D. shall mean the Premises if Tenant intends to sublease the entire Premises, or that portion of the Premises that Tenant intends to sublease, if Tenant intends only to sublease a portion of the Premises. Landlord shall have the right, exercisable by written notice delivered to Tenant, along with all necessary approvals and consents of any mortgagee or ground lessor pursuant to Paragraph 21, within such ten (10) business days to recapture the Recapture Space and such recapture shall terminate Tenant's obligations as tenant under this Lease with respect to the Recapture Space arising from and after the date of such recapture. Failure of Landlord to deliver the written notice, consents and approvals required to be delivered by Landlord to Tenant within such ten (10) business day period shall be deemed Landlord's election not to recapture the Recapture Space. In the event Landxxxx xxx elected to recapture the Recapture Space, Landlord shall be entitled to recover possession of and Tenant shall surrender possession of the Recapture Space on the date specified in Tenant's written notice as the date of commencement of the term of any such proposed sublease and in the condition required under Paragraph 18.C. hereof. In the event that Landlord terminates Tenant's obligations pursuant to this Lease with respect to the Recapture Space as herein provided, Landlord and Tenant shall execute and deliver to each other such amendments to this Lease as may reasonably be required to evidence the partial termination of this Lease with respect to the Recapture Space. If this Lease be so terminated with respect to less than the entire Premises, all rent and other charges to be paid by Tenant under this Lease, including, without limitation, Tenant's Expense Share and Tenant's Tax Share as set forth in Paragraph 5 hereof, shall be proportionately decreased to reflect the deletion of the Recapture Space based upon the number of square feet of Rentable Area of the Recapture Space.
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Recapture Space shall have the meaning set forth in Section 8.04A(i) hereof.
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Recapture Space shall have the meaning set forth in Section 41.5 hereof.
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Related to Recapture Space

  • Leased space means individual storage space at a self-service storage facility which is rented to an occupant pursuant to a rental agreement.

  • 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.

  • Subleased Premises means such portions of the Leased Premises being particularly identified on Schedule B, which the parties agree, for the purposes of this Sublease and any square footage calculations pursuant hereto, is approximately 42,244 square feet of office (21,068 square feet on the third floor and 21,176 square feet on the seventh floor) and approximately 9.4312% of common space (building rentable area is 447,917 square feet).

  • Collocation Space means an area of space located in a Building to be used by CLEC to house telecommunications equipment. Additionally, roof or wall space used for wireless interconnection shall be included in the definition where applicable.

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

  • Parking Space The County shall attempt to provide adequate free parking facilities for employees within a reasonable distance of their work locations.

  • Office Space means the offices of the Service Provider located at 000 Xxxx Xxxxxx, Xxxxx 00, Xxx Xxxx, Xxx Xxxx 00000 (or any successor location or other existing office space of the Service Provider or any of its affiliates).

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

  • 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.

  • Open space means undeveloped land, a naturally landscaped area, or a formal or man-made landscaped area that provides a connective link or a buffer between other resources.

  • Off-premises sign means a sign directing attention to a use, product, commodity or service not related to the premises upon which the sign is located.

  • bicycle parking space means an area used for parking or storing a bicycle;

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Premises Building Total Destruction means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is fifty percent (50%) or more of the then Replacement Cost of the Building.

  • Leased Premises means the Leased Premises as defined in Paragraph 1.

  • Lease Area means the Lease Area as more particularly described in SCHEDULE C.

  • Common space means an area on which two or more information functions (e.g. symbol) may be displayed, but not simultaneously.

  • Work space means that portion of the court’s facilities dedicated to each court reporter, including but not limited to actual space in the courtroom and any designated office space.

  • Heritage Building means a Building designated under Part IV of the Ontario Heritage Act, R.S.O. 1990, c. O.18, or any successor legislation, or a Building designated under Part V of the Ontario Heritage Act,R.S.O. 1990, c. O.18, or any successor legislation, which has been identified as a significant heritage resource in a conservation district plan and any Building listed in the Markham Register of Property of Cultural Heritage Value of Interest;

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Customer Premises Equipment or "CPE" means equipment employed on the premises of a Person other than a Carrier to originate, route or terminate Telecommunications (e.g., a telephone, PBX, modem pool, etc.).

  • bicycle parking space – occupant means an area that is equipped with a bicycle rack or locker for the purpose of parking and securing bicycles, and:

  • public open space means the securing of an area of a site at grade or street level which is acceptable to the City and is appropriately landscaped for the use and enjoyment of the public during reasonable hours.

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.