Rentable Area of the Premises definition

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

Rentable Area of the Premises means 29,227 square feet, which Landlord and Tenant have stipulated as the Rentable Area of the Premises. Tenant acknowledges that the Rentable Area of the Premises includes the usable area, without deduction for columns or projections, multiplied by a load factor to reflect a share of certain areas, which may include lobbies, corridors, mechanical, utility, janitorial, boiler and service rooms and closets, restrooms and other public, common and service areas of the Building.

Rentable Area of the Premises shall be as defined in Section 1.1.

Examples of Rentable Area of the Premises in a sentence

• The Landlord acknowledges that the Annual Rent as aforesaid includes a cost recovery component of Twelve Dollars and Fourteen Cents ($12.14) per square foot per annum of the Rentable Area of the Premises, being Sixty-Two Thousand Seven Hundred Three Dollars and Ten Cents ($62,703.10) per year, attributable to the Landlord’s original construction of the Premises, which cost recovery shall be fully repaid at the end of the initial ten (10) year term.

• The Annual Rent shall be adjusted according to the Rentable Area of the Premises as certified or herein permitted.

• The Tenant shall have the right to dispute such certificate of the Architect by having the Rentable Area of the Premises measured by an architect or land surveyor appointed by the Tenant.

• Each Extension Term shall be upon the same terms and conditions of this Lease as extended, renewed or amended, as the case may be, except that there shall be no further right of extension beyond the last Extension Term and except for the Annual Rent, which shall for each the Extension Term be based upon: (1) the Rentable Area of the Premises, and (2) the Market Rental as of the date which is six (6) months prior to the commencement of the respective Extension Term.

• Notwithstanding the foregoing, the Landlord acknowledges that the Annual Rent as set out herein includes cost recovery component by the Landlord in the amount of Twelve Dollars and Fourteen Cents ($12.14) per square foot of the Rentable Area of the Premises attributable to the Landlord’s original construction of the Premises.

More Definitions of Rentable Area of the Premises

Rentable Area of the Premises means 14,998 rentable square feet;

Rentable Area of the Premises means (and is hereby deemed to be) 16,519 square feet of Rentable Area, irrespective of whether the same should be more or less as a result of variations resulting from later re-measurement or actual construction and completion of the Premises for occupancy.

Rentable Area of the Premises shall also include any mezzanine space as measured from the outside of the exterior Building walls to like outside exterior Building walls and from outside exterior Building walls to the termination of the mezzanine deck, and all equipment closets. Tenant acknowledges that, except as otherwise expressly set forth in this Lease, neither Landlord nor any agent, property manager or broker of Landlord has made any representation or warranty with respect to the Premises, the Building, the Common Areas or the Project or their suitability for the conduct of Tenants business.

Rentable Area of the Premises. The amount of square footage stipulated and/or determined, from time to time, pursuant to Section 1.1(9). STANDARD OPERATING HOURS: Monday through Friday from 8:00 A.M. to 6:00 P.M. and Saturdays from 9:00 A.M. to 1:00 P.M., excluding National Holidays. SUBSTANTIALLY COMPLETE or SUBSTANTIAL COMPLETION: The completion of the Landlord Work or Tenant Work, as the case may be, except for minor insubstantial details of construction, decoration or mechanical adjustments which remain to be done. Substantial Completion shall be deemed to have occurred notwithstanding a requirement to complete “punchlist” or similar minor corrective work. If Landlord shall be delayed in Substantial Completion due to a Tenant Delay, the date of Substantial Completion for purposes of determining the Commencement Date shall be the date when Substantial Completion would have occurred if there had been no Tenant Delay. Tenant acknowledges that the length of any Tenant Delay is to be measured by the duration of the delay in Substantial Completion caused by the event or conduct constituting Tenant Delay, which may exceed the duration of such event or conduct due to the necessity of rescheduling work or other causes.

Rentable Area of the Premises. “rentable square feet,” “actual square footage” and words of similar importance (whether or not spelled with initial capitals) as used in this Lease will be defined as the total floor area constituting the Premises as measured from the unfinished outside of the exterior Building walls to the opposite unfinished outside of like exterior Building walls. “Rentable Area of the Premises” shall also include any mezzanine space as measured from the outside of the exterior Building walls to like outside exterior Building walls and from outside exterior Building walls to the termination of the mezzanine deck, and all equipment closets. Tenant acknowledges that, except as otherwise expressly set forth in this Lease, neither Landlord nor any agent, property manager or broker of Landlord has made any representation or warranty with respect to the Premises, the Building, the Common Areas or the Project or their suitability for the conduct of Tenants business.

Rentable Area of the Premises means the area contained within the demising walls of the Premises and any other area designated for the exclusive use of Tenant, without deduction for any columns or projections necessary to the Building, plus a proportionate share of any Common Areas located on the floor(s) on which the Premises is located and a proportionate share of the Building's public areas, management office, engineer's office and "Mechanical Spaces" i.e. spaces housing service areas, equipment and/or access corridors for HVAC and communications facilities, plumbing, fire protection and elevators. The Rentable Area of the Premises is deemed for all purposes under this Lease to be 10,880 square feet (9,422 usable square feet). The "Rentable Area of the Building" is deemed for all purposes under this Lease to be 280,882 square feet. The square footage amounts set forth for the Rentable Area of the Premises and the Rentable Area of the Building constitute a material part of the economic basis of this Lease and the execution thereof by Landlord and shall not be adjusted without the written consent of Landlord.

Rentable Area of the Premises means 5,449 square feet and the "Rentable Area of the Building" shall mean 208,244 square feet. Notwithstanding the foregoing, unless specifically provided herein to the contrary, the Premises shall not include any telephone closets, electrical closets, janitorial closets, equipment rooms or similar areas on any full or partial floor that are used by Landlord for the operation of the Building.