Floor Premises Sample Clauses
The 'Floor Premises' clause defines the specific area or portion of a building that is subject to a lease or agreement. It typically details the exact floor, suite, or section within a multi-tenant property that the tenant will occupy, often referencing a floor plan or square footage. By clearly identifying the leased premises, this clause ensures both parties understand the boundaries of the tenant's rights and responsibilities, thereby preventing disputes over space usage and access.
Floor Premises. Until the 3-5-6 Scheduled Expiration Date, the Lease shall remain in full force and effect as to the 3-5-6 Floor Premises; provided, however, that from and after the Effective Date, Tenant shall pay adjusted Base Rent, Operating Expenses and Tax Expenses with respect to the 3-5-6 Floor Premises in accordance with Section 6 of this Amendment.
Floor Premises. Tenant may occupy all or a portion of the Premises on the first (1st) floor for the conduct of its business prior to the Commencement Date, but must pay Tenant's Proportionate Share of the Landlord's Operating Expenses as defined in Article 1.18 and Article VI hereof for the period of such occupancy.
Floor Premises. Immediately upon the Scheduled Expiration Date (sometimes hereinafter referred to as the “3-5-6 Floor Surrender Date”), (i) the Lease shall terminate as to the 3-5-6 Floor Premises (provided, however, that any indemnification obligations and other obligations of Landlord and Tenant under the Lease regarding the 3-5-6 Floor Premises that expressly survive the termination of the Lease shall survive the termination of the Lease as to the 3-5-6 Floor Premises), (ii) Tenant shall surrender and deliver possession of the 3-5-6 Floor Premises to Landlord and deliver to Landlord all keys, card keys and parking passes/cards relating to the 3-5-6 Floor Premises that are in Tenant’s possession or control, (iii) Tenant shall no longer have the right to possession of the 3-5-6 Floor Premises or to have access to the 3-5-6 Floor Premises or the parking passes/spaces relating thereto, and (iv) the term “Premises” as used in the Lease shall thereafter not include the 3-5-6 Floor Premises.
Floor Premises. Landlord shall provide electricity for lights and plugs in the First Floor Premises, which electricity shall be measured by a meter serving the First Floor Premises together with certain other premises on the first floor of the Building. Tenant agrees to pay Landlord, as Additional Rent, an annual charge for such electrical consumption (the “Tenant Electricity Charge”) payable, on an estimated basis, in twelve (12) equal monthly installments, payable in advance on the first day of each calendar month during the Term hereof, in an amount reasonably estimated by Landlord. The actual Tenant Electricity Charge shall be calculated by multiplying the total annual amount billed to such meter by the applicable utility company by a fraction, the numerator of which is the number of rentable square feet in the First Floor Premises, and the denominator of which is the number of rentable square feet in all areas served by such meter, including the First Floor Premises, which were occupied during the period covered by each such b▇▇▇ (appropriately pro-rated to reflect any partial occupancy). Following the end of each calendar year (or partial calendar year), Landlord shall furnish to Tenant a comparative statement showing Tenant’s actual consumption of electric energy and the amounts paid by Tenant for such electricity on an estimated basis during such year. Based on Tenant’s actual usage, any underpayment by Tenant shall be promptly adjusted by payment to Landlord within thirty (30) days of the balance of any underpayment for such year, and any overpayment by Tenant shall be applied as a credit to the next succeeding monthly installment of the Tenant Electricity Charge. Notwithstanding the foregoing, upon prior written notice to Landlord, Tenant shall have the right, at its sole cost and expense, to install a submeter in the First Floor Premises to measure the electrical consumption in the First Floor Premises.
Floor Premises