Building-Shared Areas definition

Building-Shared Areas means the square footage of the areas within (and measured from the mid-point of the walls enclosing) the Building elevator machine rooms, main mechanical and electrical rooms, public lobbies, and other areas not leased or held for lease within the Building but which are necessary or desirable for the proper utilization of the Building or to provide customary services to the Building. The allocation to the Premises of the Building-Shared Areas shall be equal to the total Building-Shared Areas within the Building multiplied by a fraction, the numerator of which is the Usable Area of the Premises and the denominator of which is the Usable Area leased or held for lease for general office purposes in the Building.
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Building-Shared Areas means the square footage of the areas within (and measured from the mid-point of the walls enclosing) the Building elevator machine rooms, main mechanical and electrical rooms, public lobbies, and other areas not leased or held for lease within the Building but which are necessary or desirable for the proper utilization of the Building or to provide customary services to the Building; provided, however, in no event shall Building Shared-Areas include any Service Areas Floor-Shared Areas, areas leased or held for lease to other tenants of the Project, food service facilities, Parking Garage areas, management and/or leasing offices for the Project, or any space that is not devoted exclusively to the operation of the Project for the benefit of all tenants therein. The allocation to the Leased Premises of the Building-Shared Areas shall be equal to the total Building-Shared Areas within the Building multiplied by a fraction, the numerator of which is the Usable Area of the Leased Premises and the denominator of which is the Usable Area leased or held for lease in the Building.
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Building-Shared Areas means the square footage of --------------------- the areas within (and measured from the mid-point of the walls enclosing) the Building elevator machine rooms, main mechanical and electrical rooms, public lobbies, and other areas not leased or held for lease within the Building and not included in Service Areas or Floor-Shared Areas, but which are necessary or desirable for the proper utilization of the Building or to provide customary services to the Building.
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Examples of Building-Shared Areas in a sentence

  • The foregoing determination of the Leased Premises does not allow, and Tenant shall not be permitted to use Service Areas, Building-Shared Areas or Floor-Shared Areas for storage or any other purpose other than as expressly permitted by Landlord in writing.

  • Building-Shared Areas" means the square footage of --------------------- the areas within (and measured from the mid-point of the walls enclosing) the Building elevator machine rooms, main mechanical and electrical rooms, public lobbies, and other areas not leased or held for lease within the Building and not included in Service Areas or Floor-Shared Areas, but which are necessary or desirable for the proper utilization of the Building or to provide customary services to the Building.

  • Rentable Area" refers to the square footage or areas within the Building determined by adding the following: (i) the Usable Area (as defined below) of the area being measured, (ii) the portion of the Building-Shared Areas (as defined below) allocable to the area being measured, and (iii) the portion of the Floor-Shared Areas (as defined below) allocable to the area being measured.

  • The allocation to the Leased Premises of the Building-Shared Areas shall be equal to the total Building-Shared Areas within the Building multiplied by a fraction, the numerator of which is the Usable Area of the Leased Premises and the denominator of which is the Usable Area leased or held for lease in the Building.


More Definitions of Building-Shared Areas

Building-Shared Areas means the square footage of the areas within (and measured from the mid-point of the walls enclosing) the Building elevator, machine rooms, main mechanical and electrical rooms, public lobbies, and other areas not leased or held for lease within the Building and not included in Service Areas or Floor-Shared Areas, but which are necessary or desirable for the proper utilization of the Building or to provide customary services to the Building. The allocation to the Premises of the Building-Shared Areas shall be equal to the total Building-Shared Areas within the Building multiplied by a fraction, the numerator of which is the Usable Area of the Premises and the denominator of which is the total Usable Area of the Building. Initial ______________
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