Sublease Rent Per Square Foot definition

Sublease Rent Per Square Foot means the Sublease Rent divided by the rentable square feet of the space demised under the sublease in question.
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Sublease Rent Per Square Foot shall have the meaning set forth in Section 12.7 hereof.
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Sublease Rent Per Square Foot means the Sublease Rent divided by the rentable square feet of the space demised under the sublease in question. (c) In connection with any subletting of all or any portion of the Leased Premises, Tenant shall pay to Landlord fifty percent (50%) of any Sublease Profit derived therefrom. All sums payable hereunder by Tenant shall be calculated on an annualized basis, but shall be paid to Landlord, as additional rent, within ten (10) days after receipt thereof by Tenant. Sublease Profit shall be recalculated from time to time to reflect any corrections in the prior calculation thereof due to (i) subsequent payments received or made by Tenant, and (ii) mistake. Promptly after receipt or final adjustment of any such payments or discovery of any such mistake, Tena nt shall submit to Landlord a recalculation of the Sublease Profit, and an adjustment shall be made between Landlord and Tenant, on account of prior payments made or credits received. (d) In connection with the assignment of this Lease, Tenant shall pay to Landlord, upon receipt thereof, an amount equal to fifty percent (50%) of all Assignment Profits. For purposes of this subparagraph (d), “Assignment Profits” shall mean all consideration payable to Tenant, directly or indirectly, by any assignee, or any other amount received by Tenant from or in connection with any assignment (including, but not limited to, sums paid for the sale or rental, or consideration received on account of any contribution, of Tenant's personal property, equipment or machinery) after deducting therefrom: (i) the reasonable out-of-pocket costs and expenses of Tenant in making such assignment, such as brokers' fees and advertising fees paid to unrelated third parties, and attorney's fees,(ii) any sums paid by Tenant to Landlord for approval of any proposed assignment including attorney's fees, (iii) the cost of improvements or alterations made by Tenantexpressly and solely for the purpose of preparing the Leased Premises for such assignment, and (iv) the unnamortized cost of any of Tenant’s personal property, equipment or machinery installed in the Leased Premises that are being sold, or conveyed to the assignee in connection with the assignment transaction, which unnamortized cost shall be equal to (a) the total cost of any of Tenant ’s personal property, equipment ormachinery installed in the Leased Premises that are being sold, or conveyed to the assignee in connection with the assignment transaction, (b) divided by [length ...
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More Definitions of Sublease Rent Per Square Foot

Sublease Rent Per Square Foot shall have the meaning set forth in Section13(d)(vi).
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Sublease Rent Per Square Foot means the Sublease Rent divided by the Rentable Square Feet of space demised under a sublease. Net Sublease Proceeds, Sublease Proceeds and/or Sublease Rent shall be recalculated from time to time to reflect any correction in the prior calculation thereof due to (x) subsequent payments received by Tenant, (y) the final adjustment of payments to be made to or by Tenant or (z) mistake discovered within one (1) year of the error. Promptly upon the receipt of any such payment, the making of any such adjustment or the discovery of any such mistake, Tenant shall submit to Landlord a recalculation of the Net Sublease Proceeds, Sublease Proceeds and/or Sublease Rent, and an adjustment shall be made between Landlord and Tenant, if applicable with respect thereto on account of prior payments made pursuant to this Section 13(d).
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Sublease Rent Per Square Foot means the quotient obtained by dividing (I) the Sublease Rent, by (II) the number of square feet of Rentable Area of the space demised under the sublease in question. Sublease Profit shall be recalculated from time to time to reflect any corrections in the prior calculation thereof due to (i) subsequent payments received or made by Tenant (or the applicable Permitted Occupant), (ii) the final adjustment of payments to be made by or to Tenant (or the applicable Permitted Occupant), and (iii) mistake. Promptly after receipt or final adjustment of any such payments or discovery of any such mistake, Tenant shall submit (or Tenant shall cause such Permitted Occupant to submit) to Landlord a recalculation of the Sublease Profit, and, if required, an adjustment shall be made between Landlord and Tenant, on account of prior payments made or credits received pursuant to this Section 12.7. 113 118 Section 12.8 (A) Notwithstanding the provisions of Section 12.1 hereof, Landlord shall not unreasonably withhold, condition or delay its consent to (x) an assignment of Tenant's interests under this Lease in its entirety (if Landlord does not exercise Landlord's right to consummate an Assignment Recapture in respect thereof), or (y) an assignment of a Qualifying Subtenant's entire interest as subtenant under the applicable sublease (if Landlord does not exercise Landlord's right to consummate a Subleasehold Assignment Recapture in respect thereof), provided that in either case: (1) no Event of Default has occurred and is continuing; (2) upon the date Tenant (or the applicable Permitted Occupant) delivers the Assignment Statement (or the Subleasehold Assignment Statement) to Landlord and upon the date immediately preceding the date of any assignment approved (or deemed approved) by Landlord, the proposed assignee is of a character, engaged in a business, and proposes to use the Premises, in each case in a manner that is consistent with the Building Standard; and (3) the assignee agrees to assume all of the obligations of Tenant under this Lease, or the Qualifying Subtenant under the applicable sublease, to the extent accruing from and after the date of the assignment.
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Related to Sublease Rent Per Square Foot

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Base Rent Period Annual Rate Per Square Foot Monthly Base Rent

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Rentable Square Feet as used in the Lease will be deemed to include: (a) with respect to the Premises, the usable area of the Premises determined in accordance with the Method for Measuring Floor Area in Office Buildings, ANSI Z65.1-1996 (the "BOMA Standard"), plus a pro rata portion of the main lobby area on the ground floor and all elevator machine rooms, electrical and telephone equipment rooms and mail delivery facilities and other areas used by all tenants of the Building, if any, plus (i) for single tenancy floors, all the area covered by the elevator lobbies, corridors, special stairways, restrooms, mechanical rooms, electrical rooms and telephone closets on such floors, or (ii) for multiple tenancy floors, a pro-rata portion of all of the area covered by the elevator lobbies, corridors, special stairways, restrooms, mechanical rooms, electrical rooms and telephone closets on such floor; and (b) with respect to the Building, the total rentable area for all floors in the Building computed in accordance with the provisions of Subparagraph 1(a) above. In calculating the "Rentable Square Feet" of the Premises or the Building, the area contained within the exterior walls of the Building stairs, fire towers, vertical ducts, elevator shafts, flues, vents, stacks and major pipe shafts will be excluded.

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Square Footage means the total gross horizontal areas of all floors, including usable basement and cellars, below the roof and within the outer surface of the main walls of buildings (or the center lines of party walls separating such buildings or portions thereof) or within lines drawn parallel to and two feet within the roof line of any building or portion thereof without walls (which includes, notwithstanding paragraph 3 below, the square footage of all porches), and including pedestrian access walkways or corridors, but excluding the following:

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • 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.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

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

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $24 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per Sq Ft First Floor Per Sq Ft Drive Thru Total Per Annum Total Per Month 1 $ 24 $ 7.50 $ 101,286 $ 8,440.50

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

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

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

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Leased space means a self−service storage unit or a space located within a self−service storage facility that a lessee is enti- tled to use for the storage of personal property on a self−service basis pursuant to a rental agreement and that is not rented or pro- vided to the lessee in conjunction with property for residential use by the lessee.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

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

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

  • Rentable Area of Premises on Page 1 of the Lease shall be deleted in their entirety and replaced with the following:

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • Annual Rent means the amount payable by Tenant to Landlord in respect of each year of the Term under Article 4.01.

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

  • Acre-foot means the amount of water necessary to cover one acre of land to the depth of one foot, or 325,851 U.S. gallons of water.