Rentable Area in the Premises definition

Rentable Area in the Premises means 110,369 square feet. Tenant and Landlord shall each have the right, within 90 days after the Commencement Date, to have the rentable square footage of the Premises measured by a licensed architect, and verified by the other party, which measurement shall be made pursuant to BOMA standards, provided however, the vertical penetration on the second floor of the Building for the purpose of creating a two-story atrium lobby shall not be subtracted from the calculation of the rentable square footage of the Premises. In addition, the calculation of the rentable square footage of the Premises shall not include the Lower Level Space, but shall be comprised of the main floors of the Building and Common Areas in the Building. If the rentable square footage of the Premises as so measured and verified differs from the foregoing amounts, the measurement as determined by such architect shall be substituted for the foregoing amount(s), and the Base Rent (and any other charge under this Lease measured on a square footage basis or dependent upon the square footage of the Premises) and Tenant’s Pro Rata Share shall be appropriately adjusted.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Rentable Area in the Premises means 1425 square feet.

Rentable Area in the Premises means 9,742 square feet; and (b) the term "Tenant's Pro Rata Share" shall mean Three and 46/100 percent (3.46%).

Examples of Rentable Area in the Premises in a sentence

Further, in such event Tenant's Proportionate Share shall be recomputed based upon the remaining Rentable Area in the Premises and in the Building.
Any such Affiliate or Successor of Tenant must expressly assume in writing a pro rata share of Tenant’s obligations hereunder in the proportion that the number of square feet of Rentable Area of the Premises subleased or assigned to such Affiliate or Successor of Tenant bears to the total number of square feet of Rentable Area in the Premises, without relieving Tenant of any liability hereunder.
Upon the request of Landlord, Landlord’s Space Planner shall verify the exact number of square feet of Rentable Area in the Premises.
For purposes of this Lease, “Tenant’s Proportionate Share” for Operating Costs has been calculated to be that percentage that is equal to a fraction, the numerator of which is the number of square feet of Gross Rentable Area in the Premises, and the denominator of which is the number of square feet of the Gross Rentable Area set forth in the Basic Lease Information.
The population density within the Premises as a whole shall not exceed one (1) person for each 150 square feet of Rentable Area in the Premises.
Landlord and Tenant stipulate that the number of square feet of Rentable Area in the Premises and in the Building set forth in the Basic Lease Information is conclusive as to the square footage in existence on the date of this Lease and shall be binding upon them.
Tenant shall have the non-exclusive right, in common with any other tenants or occupants of the Project, to use up to 3.33 unassigned parking spaces per each one thousand (1,000) square feet of Rentable Area in the Premises, upon terms and conditions, as may from time to time be reasonably established by Landlord.
The Excess shall be obtained by multiplying (i) the difference between the annual Operating Expense per square foot of Rentable Area in the Premises and the Expense Stop, by (ii) the total Rentable Area of the Premises as set forth in Section 1.15.
Upon the request of Landlord during any extension or renewal of the Initial Term, Landlord’s space planner shall verify the exact number of square feet of Rentable Area in the Premises.
Landlord shall provide to Tenant or cause to be delivered to Tenant free of charge the initial access cards (and/or any other device) which are necessary to enter the Building for each Tenant employee (up to a total of six cards per 1,000 square feet of Rentable Area in the Premises).

More Definitions of Rentable Area in the Premises

Rentable Area in the Premises means 18,388 square feet.

Rentable Area in the Premises means (i) commencing on the Commencement Date, 15,425 square feet, (ii) commencing on the First Additional Space Commencement Date, 35,069 square feet, and (iii) commencing on the Second Additional Space Commencement Date, 57,034 square feet.

Rentable Area in the Premises means 12,150 square feet. Landlord and Tenant each have had the opportunity to review such Rentable Area calculation with respect to the Premises, which was calculated substantially in accordance with the methods of measuring rentable area described in the American National Institute Publication ANSI Z65.1-1996, as promulgated by the Building Owners and Managers Association.

Rentable Area in the Premises means approximately 20,100 rentable square feet.

Rentable Area in the Premises means the area contained within the demising walls of the Premises. For purposes of the Lease it is agreed and stipulated by both Landlord and Tenant that the Rentable Area in the Premises is 178,650 square feet, with Building I containing 107,250 rentable square feet and Building II containing 71,400 rentable square feet.