Unencumbered space definition

Unencumbered space means an area without items in it such as display units, tables, cabinets, shelves, counters, fridges or freezers;
Sample 1Sample 2Sample 3
Unencumbered space means floor space that is not encumbered by furnishings or fixtures. “Unencumbered space” is determined by subtracting the floor area encumbered by furnishings and fixtures from the total floor area. (All fixtures must be in operational position for these calculations.)
Sample 1Sample 2Sample 3
Unencumbered space means usable floor space that is not obstructed by furnishings or fixtures.
Sample 1Sample 2Sample 3

Examples of Unencumbered space in a sentence

  • Unencumbered space is usable space that is not encumbered by furnishing or fixtures.

  • Unencumbered space is defined within the Queensland Development Code (QDC) as clear circulation space with no fixtures or fittings intruding within the space or workplace.

  • Unencumbered space is usable space that is not encumbered by furnishings or fixtures.

  • Unencumbered space is usablespace that is not encumbered by furnishing or fixtures.


More Definitions of Unencumbered space

Unencumbered space means useable, clear space which is always available for children’s use. This excludes areas such as passageways, thoroughfares, (including door swings), toilet and hygiene facilities, any area permanently set aside for storage or administration or any other space that is not suitable for children.
Sample 1Sample 2Sample 3
Unencumbered space means usable floor space that is not encumbered by furnishings or fixtures.
Sample 1Sample 2Sample 3
Unencumbered space means that certain office space on the first floor of the Building which is not currently subject to any lease and not part of the Expansion Space (and which for identification purposes is more particularly marked on Exhibit "A" hereto in pink).
Sample 1Sample 2
Unencumbered space means an area without items in it such as display units, tables, cabinets, shelves, counters, fridges or freezers; “unencumbered and usable space” means an area suitable for exercising in without anything in it other than exercise equipment, exercise mats or other exercise related objects;"
Sample 1

Related to Unencumbered space

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

  • Unencumbered Asset Value means, at any time for the Consolidated Group, without duplication, the sum of the following: (a) an amount equal to (i) Unencumbered NOI from all Unencumbered Properties (other than Non-Stabilized Properties and acquisition properties described in clause (b) below) that have been owned by the Consolidated Group for four full fiscal quarter periods or longer (which amount for each individual Unencumbered Property as well as the aggregate amount for all Unencumbered Properties shall not be less than zero) divided by (ii) the Capitalization Rate, plus (b) the aggregate acquisition cost of all Unencumbered Properties acquired during the then most recently ended four fiscal quarter period, plus (c) the undepreciated book value of Unencumbered Properties that are Non-Stabilized Properties; provided that if the Unencumbered Asset Value attributable to Non-Stabilized Properties accounts for more than 15% of Unencumbered Asset Value, the amount of undepreciated book value of such Non-Stabilized Properties that exceeds such limit shall be deducted from Unencumbered Asset Value, plus (d) cash from like-kind exchanges on deposit with a qualified intermediary (“1031 proceeds”), plus (e) the value of Mezzanine Debt Investments and Mortgage Receivables owned by the Consolidated Group that are not more than ninety (90) days past due determined in accordance with GAAP, in each case that are not subject to a Lien or Negative Pledge; provided that if the Unencumbered Asset Value attributable to Mezzanine Debt Investments and Mortgage Receivables accounts for more than 10% of Unencumbered Asset Value, the amount of Mezzanine Debt Investments and Mortgage Receivables that exceeds such limit shall be deducted from Unencumbered Asset Value, plus (f) the undepreciated book value of all Unimproved Land and Construction in Progress owned by the Consolidated Group to the extent any such assets are not subject to a Lien or Negative Pledge, plus (g) Balance Sheet Cash; provided that, to the extent that Unencumbered Asset Value attributable to investments in Mezzanine Debt Investments, Mortgage Receivables, 1031 proceeds, Unimproved Land, and Construction in Progress account for more than 25% of Unencumbered Asset Value, in the aggregate, the amount that exceeds such limit shall be deducted from Unencumbered Asset Value. For clarification purposes, in determining whether clause (a) or clause (b) above applies, the date a Property will be deemed to have been acquired is the date it was acquired by the Consolidated Group or any prior Affiliate of the Consolidated Group.

  • Total Unencumbered Assets means the sum of (i) those Undepreciated Real Estate Assets not subject to an Encumbrance for borrowed money and (ii) all other assets of the Company and its Subsidiaries not subject to an Encumbrance for borrowed money determined in accordance with GAAP (but excluding accounts receivable and intangibles).

  • Property NOI means, with respect to any Property for any Rolling Period (without duplication) the aggregate amount of (i) Property Income for such period minus (ii) Property Expenses for such period.

  • 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.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • domestic premises means any premises used wholly or partly as a dwelling or intended for such use;