Estimated Area definition
Examples of Estimated Area in a sentence
The contribution by Shenyang Trendy as set out above shall be adjusted, after the issue of the state-owned land use right certificate (國有土地使用權證) and the building ownership right certificate (房屋所有權證) of the New NWDS Property by the relevant governmental authority, in accordance with the increase or decrease (if any) of the Actual Area as compared with the Estimated Area at the rate of RMB20,000 per sq.m.
If the Actual Area of the Premises determined pursuant to Section 1.1 above is greater than the Estimated Area then Tenant shall provide a replacement Letter of Credit satisfying the foregoing requirements in the Stated Amount equal to the amount of the Security Deposit adjusted to reflect the actual Basic Rent for the Premises within ten (10) Business Days after Landlord delivers notice of the determination of the Actual Area.
In the event that the Estimated Area is larger than the Actual Area, SYNWH shall refund the difference at the rate of RMB20,000 per sq.m. to Shenyang Trendy.
If the Actual Area differs from the Estimated Area, the monthly installments of Basic Rent, the Initial Tenant’s Share of Excess Expenses Percentage, the amount of the Security Deposit and other matters that vary based on the actual rentable square footage of the Premises will be adjusted based on the Actual Area and set forth in the Commencement Date Memorandum.
If the rentable square footage of the applicable Third Additional Space, Woodland I First Takedown Space, Woodland I Second Takedown Space, and Woodland I Third Takedown Space, as measured by said independent architect, is one thousand (1,000) feet or more smaller than the Originally Estimated Area, then the costs of said independent architect shall be borne by Landlord, otherwise said costs shall be borne by Tenant.
Payments shall be calculated in the first instance based on the Estimated Area in substitution for the Nett Lettable Floor Area (the “Estimated Landlord Contribution”).
The NWCL Directors and the NWDS Directors expect that there will not be a material difference between the Estimated Area and the Actual Area.
Originally Estimated Area"), either (a) Landlord and Tenant shall mutually agree on the Rentable Area of the applicable Third Additional Space, Woodland I First Takedown Space, Woodland I Second Takedown Space, and Woodland I Third Takedown Space, or (b) Landlord and .
Notwithstanding the foregoing, for the purpose of calculating the Purchase Price payable by the Purchaser hereunder, the area of the Property shall be deemed to be the lesser of (A) the area of the Property set out in the said certificate of acreage, and (B) the Estimated Area multiplied by [insert].
Landlord shall tender to Tenant possession of Area B no more than three business days after delivering to Tenant such notice relating to Area B, but not sooner than the Estimated Area B Commencement Date unless otherwise specifically requested by Tenant or otherwise permitted under this Section 2.1.1 with respect to portions of Area B.