SQUARE FOOTAGE ADJUSTMENT Sample Clauses

SQUARE FOOTAGE ADJUSTMENT. Owner and Tenant agree that reasonable attempts have been made to determine the correct square footage used in this Lease. Owner grants Tenant the option to remeasure and challenge the new premises square footage calculation at Tenant's expense. If Tenant's square footage calculation differs from the number used in this Lease, Owner will remeasure at Owner's expense to determine which calculation is correct. Owner and Tenant agree that any challenge of the square footage calculation must be carried out within one month of the commencement date. After that time, Owner and Tenant agree to mutually waive any and all rights, claims, or liabilities against each other as it relates to the calculation of square footages to determine rents and other costs in this Lease.
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SQUARE FOOTAGE ADJUSTMENT. Landlord and Tenant agree that the exact square footage of the Premises will be determined during the design
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SQUARE FOOTAGE ADJUSTMENT. Owner and Tenant agree that reasonable attempts have been made to determine the correct square footage of the Premises per the BOMA Standard. Owner grants Tenant the option to remeasure and challenge the square footage calculations set forth in Section 1(b) hereof at Tenant's expense. If Tenant's square footage calculations differ from the calculations set forth in Section 1(b), Owner will remeasure at Owner's expense to determine which calculations are correct. Owner and Tenant agree that any challenge to the square footage calculations must be completed within one month of the commencement date of this Lease. After that time, Owner and Tenant each agree to waive any and all rights, claims, or liabilities against the other pertaining in any way to the calculation of the square footage of the Premises, or the amount of rents and other costs in this Lease as they relate to the square footage of the Premises.
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SQUARE FOOTAGE ADJUSTMENT. Notwithstanding anything to the contrary contained throughout the Lease, Tenant's rentable square footage, base rent, operating expense and any other elements of the Lease based on the square footage demised, shall be adjusted to reflect the actual and final square footage of the Premises determined by the space plan, mutually executed by Tenant and Landlord.
Sample 1
SQUARE FOOTAGE ADJUSTMENT. Landlord and Tenant agree that the exact square footage of the Premises will be determined during the design process. The rent shall be adjusted accordingly when the floorplan is agreed upon and this Lease shall be amended, in writing, to reflect the actual square footage. LANDLORD AND TENANT HAVE CAREFULLY READ AND REVIEWED THIS LEASE AND EACH TERM AND PROVISION CONTAINED HEREIN, AND BY THE EXECUTION OF THIS LEASE SHOW THEIR INFORMED AND VOLUNTARY CONSENT THERETO. THE PARTIES HEREBY AGREE THAT, AT THE TIME THIS LEASE IS EXECUTED, THE TERMS OF THIS LEASE ARE COMMERCIALLY REASONABLE AND EFFECTUATE THE INTENT AND PURPOSE OF LANDLORD AND TENANT WITH RESPECT TO THE PREMISES. THIS LEASE PREPARED FOR YOUR ATTORNEY'S REVIEW AND APPROVAL. FURTHER, EXPERTS SHOULD BE CONSULTED TO THE PRESENCE OF ASBESTOS, UNDERGROUND STORAGE TANKS OR HAZARDOUS SUBSTANCES. NO REPRESENTATION OR RECOMMENDATION IS MADE BY THE AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION OR BY THE REAL ESTATE BROKERS OR THEIR CONTRACTORS, AGENTS OR EMPLOYEES AS TO THE LEGAL SUFFICIENCY, LEGAL EFFECT, OR TAX CONSEQUENCES OF THIS LEASE OR THE TRANSACTION TO WHICH IT RELATES; THE PARTIES SHALL RELY SOLELY UPON THE ADVICE OF THEIR OWN COUNSEL AS TO THE LEGAL AND TAX CONSEQUENCES OF THIS LEASE. IF THE SUBJECT PROPERTY IS IN A STATE OTHER THAN CALIFORNIA, AN ATTORNEY FROM THE STATE WHERE THE PROPERTY IS LOCATED SHOULD BE CONSULTED. The parties hereto have executed this Lease at the place and on the dates specified above their respective signatures. Executed at: Fremont, CA Executed at: ALBUQUERQUE, NM ----------------------- ----------------- --21-- Initials /s/ MB / XXX ------------
Sample 1
SQUARE FOOTAGE ADJUSTMENT. Owner and Tenant agree that reasonable attempts have been made to determine the correct square footage used in this Lease. Owner grants Tenant the option to remeasure and challenge the new premises square footage calculation at Tenant's expense, If Tenant's square footage calculation differs from the number used in this Lease, Owner will remeasure at Owner's expense to determine which calculation is correct. Owner and Tenant agree that any challenge of the square footage calculation must be carried out within one month of the commencement date. After that time, Owner and Tenant agree to mutually waive any and all rights, claims, or liabilities against each other as it relates to the
Sample 1
SQUARE FOOTAGE ADJUSTMENT. Owner and Tenant agree that reasonable attempts have been made to determine the correct square footage of the Premises. Owner grants Tenant the option to remeasure and challenge the square footage calculations set forth in Article 1(b) hereof at Tenant's expense. If Tenant's square footage calculations differ from the calculations set forth in Article 1(b), Owner will remeasure at Owner's expense to determine which calculations are correct. Owner and Tenant agree that any challenge to the square footage calculations must be completed within one month of the commencement date of this Lease. After that time, Owner and Tenant each agree to waive any and all rights, claims, or liabilities against the other pertaining in any way to the calculation of the square footage of the Premises, or the amount of rents and other costs in this Lease as they relate to the square footage of the Premises.
Sample 1
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Related to SQUARE FOOTAGE ADJUSTMENT

  • Rentable Area 6.1. The term “

  • Base Rent Adjustment (a) The BASE RENT (subject to adjustment as set forth in Section 1.08(a) above) payable during the EXTENDED TERM, subject to the provisions of part (b) of this Section 3.03, shall be increased from the BASE RENT payable immediately prior to the first month of the EXTENDED TERM to the then fair market rental rate determined in connection with part (b) of this Section 3.03.

  • Rental Adjustment The lesser of (i) 2%, or (ii) 1.25 times the change in the Price Index, as described in Section 4.02.

  • Rent Adjustment (a) If, solely as a result of Congressional enactment of any law (including, without limitation, any modification of, or amendment or addition to, the Internal Revenue Code of 1986, as amended, (“Code”)), the maximum effective corporate income tax rate (exclusive of any minimum tax rate) for calendar-year taxpayers (“Effective Rate”) is higher than thirty-five percent (35%) for any year during the lease term, then Lessor shall have the right to increase such rent payments by requiring payment of a single additional sum. The additional sum shall be equal to the product of (i) the Effective Rate (expressed as a decimal) for such year less .35 (or, in the event that any adjustment has been made hereunder for any previous year, the Effective Rate (expressed as a decimal) used in calculating the next previous adjustment) times (ii) the adjusted Termination Value (defined below), divided by (iii) the difference between the new Effective Rate (expressed as a decimal) and one (1). The adjusted Termination Value shall be the Termination Value (calculated as of the first rent due in the year for which the adjustment is being made) minus the Tax Benefits that would be allowable under Section 168 of the Code (as of the first day of the year for which such adjustment is being made and all future years of the lease term). The Termination Values and Tax Benefits are defined on the Schedule. Lessee shall pay to Lessor the full amount of the additional rent payment on the later of (i) receipt of notice or (ii) the first day of the year for which such adjustment is being made.

  • Base Rent Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Rental Adjustments 6.1 The Basic Annual Rent then in effect (and as previously increased pursuant to this Section 6.1) shall be increased each year by three percent (3%) on each annual anniversary of the Term Commencement Date for so long as this Lease continues in effect.

  • Rentable Area of the Premises The term "Rentable Area of the Premises" shall mean 7,000 square feet, which Landlord and Tenant have stipulated as the Rentable Area of the Premises. Tenant acknowledges that the Rentable Area of the Premises includes the usable area of the premises, without deduction for columns or projections, multiplied by a load factor to reflect a share of certain areas, which may include lobbies, corridors, mechanical, utility, janitorial, boiler and service rooms and closets, restrooms and other public, common and service areas of the Building.

  • Rent Adjustments 4.1 For the purpose of this Article 4, the following terms are defined as follows:

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Cost of Living Adjustment For each year following the Initial Term, unless the parties shall otherwise agree and provided that the service mix and volumes remain consistent as previously provided in the Initial Term, the total fee for all services shall equal the fee that would be charged for the same services based on a fee rate (as reflected in a fee rate schedule) increased by the percentage increase for the twelve-month period of such previous calendar year of the CPI-W (defined below) or, in the event that publication of such index is terminated, any successor or substitute index, appropriately adjusted, acceptable to both parties. As used herein, “CPI-W” shall mean the Consumer Price Index for Urban Wage Earners and Clerical Workers (Area: Boston-Brockton-Nashua, MA-NH-ME-CT; Base Period: 1982-84=100), as published by the United States Department of Labor, Bureau of Labor Statistics.

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