Area Factor definition

Area Factor. The Common Area Factor (CAF) is established as 1.0 percent. This factor, which represents the conversion from ABOA to rentable square feet, rounded to the nearest whole percentage, shall be used for purposes of rental adjustments in accordance with the Payment Clause of the General Clauses.
View Source
Area Factor means the factor determined by the social standing and/or capability of the group of consumers to consume more or less power than the average, depending on the amount of funds available to pay for the purchase of electricity. This depicts the probability of higher/lower than average electricity consumption and has absolutely nothing to do with the diversity factor.
View Source
Area Factor means the number of square kilometres comprised in the exploration area at the date upon which the periodic payment in question becomes due.
View Source

Examples of Area Factor in a sentence

  • The Common Area Factor (CAF) is a conversion factor determined by the Building owner and applied by the owner to the ABOA SF to determine the RSF for the leased Space.

  • The Rental Area of an individual office or a portion of a divided floor shall be the area computed by measuring from the inside surface of the window glass to the finished surface of the corridor side of corridor partitions and from center to center of the partitions that separate the Premises from adjoining Rental Areas including columns and projections necessary to the Building together with twelve percent (12%) of the sum so determined as a "Common Area Factor".

  • If applicable, the Offeror shall provide the Common Area Factor (a conversion factor(s) determined by the building owner and applied by the owner to the ANSI/BOMA Office Area square feet to determine the rentable square feet for the offered space).

  • The Common Area Factor (CAF) is established as 32 percent (rounded).

  • The Common Area Factor (CAF) is established as a factor of 1.00 This factor, which represents the conversion from ABOA to rentable square feet.

  • The Premises shall be measured by landlord's Space Planner who will certify the rentable (using a 13.9% Common Area Factor) and usable square footage of the Premises, using BOMA standards, and the Rentable and Usable Area of the Premises and the Initial Annual and Monthly Base Rent set forth in Article 1, Section 1.1, shall be adjusted accordingly based upon an Initial Annual Base Rent of $23.50 per rentable square foot of the Premises.

  • If Tenant occupies a portion of the 2nd Option Space or a portion of the 3rd Option Space, the determination of Usable Square Feet shall be measured in accordance with the most recent BOMA Standard Method of Floor Measurement (the "BOMA Standard"), which will be confirmed by Landlord's architect and Tenants architect, and the multi-tenant Common Area Factor of 1.1568 shall be applied to such determination of Usable Square Feet.

  • The Common Area Factor (CAF) is a conversion factor determined by the building owner and applied by the owner to the ABOA SF to determine the RSF for the leased space.

  • Landlord and Tenant agree that the Common Area Factor attributable to a single tenant floor in the Building is 1.0556 and the Common Area Factor for a multi-tenant floor in the Building is 1.1568.

  • The calculation of Rentable Square Feet in the Premises is as follows: Floor Usable Common Rentable ----- ------ ------ -------- Square Feet Area Factor Square Feet ----------- ----------- ----------- ▇▇▇ (▇▇▇▇ ▇▇▇▇▇) 19,089 x 1.0556 20,151 4th (multi-tenant) 8,195 x 1.1568 9,480 ----------- ----------- Premises 27,284 29,631 Therefore, Landlord and Tenant agree that the Rentable Square Feet contained in the Premises is 29,631 square feet.


More Definitions of Area Factor

Area Factor means the factor determined by the social standing and/or capability of the group of consumers to consume more or less power than the average, depending on the amount of funds available to pay for the purchase of electricity
View Source