Space Designation and Allocation Sample Clauses

Space Designation and Allocation. The Library Building shall contain approximately 474,598 gross square feet of space (“Total Library Square Footage”). The University shall be allocated 315,608 gross square feet of the Total Library Square Footage (“Total University Square Footage”) or 66.5% of the Total Library Square Footage (“University Percentage of Total Library Square Footage”). The City shall be allocated 158,990 gross square feet of the Total Library Square Footage (“Total City Square Footage”) or 33.5% of the Total Library Square Footage (“City Percentage of Total Library Square Footage”). For operational purposes within the Library Building, the Total Library Square Footage whether allocated as Total University Square Footage or Total City Square Footage shall be designated as either University Allocated Space, City Allocated Space, Common Space, or Shared Space, all as such terms are defined herein. The approximate size and location of the University Allocated Space, City Allocated Space, Common Space and Shared Space is shown on the floor plans and ancillary documents attached hereto as Exhibit A (“The Master Floor Plans”). The University and the City are further allocated specific percentages (but not specific locations) of all Common Space and all Shared Space (as such percentages are shown on The Master Floor Plans) such that the total square footage allocated to either Party of Common Space and Shared Space together with the City Allocated Space and the University Allocated Space, as the case may be, equals the Total University Square Footage and the Total City Square Footage, respectively. Upon the completion of the Construction Documents (as defined in the Development Agreement), the Parties shall update the designation of space within the Library Building as either City Allocated Space, University Allocated Space, Common Space, and Shared Space and the percentage allocation of space within the space designated as Common Space and Shared Space. Such update of the designation of space shall be consistent with the designation of space shown on the initial floor plans and ancillary documents attached hereto as Exhibit A and such allocation of space shall preserve the University Percentage of Total Library Square Footage and the City Percentage of Total Library Square Footage. Upon such update, which shall be made no later than one hundred and twenty (120) days following completion of the Construction Documents, the Parties shall cause such designations and allocations to be ...
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Related to Space Designation and Allocation

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