Common use of Initial Premises Clause in Contracts

Initial Premises. 15.0595% (which has been calculated by dividing the rentable square footage of the Initial Premises by the “Building RSF,” as that term is defined in Section 1.2 of this Lease). The foregoing Tenant’s Share does not contemplate any Initial Premises Basement Premises is included in the Initial Premises. Accordingly, in the event that Tenant shall elect to include any Initial Premises Basement Premises in the Initial Premises pursuant to the terms of Section 2.2.2 of this Summary, ▇▇▇▇▇▇’s Share for the Initial Premises shall be increased to reflect such additional rentable square footage.

Appears in 2 contracts

Sources: Office Lease (ServiceTitan, Inc.), Office Lease (ServiceTitan, Inc.)