Flex Building definition

Flex Building means a building with less than eighteen (18) feet of clear interior height with grade level loading. A "Bulk Building" means a building with a minimum of eighteen (18) feet of clear interior height with dock level loading in which ten percent (10%) or less of the rentable area is devoted to office use. A "Distribution Building" means a building with a minimum of eighteen (18) feet of clear interior height with dock level loading in which more than ten percent (10%) of the rentable area is devoted to office space. An "Office Building" means a building with dropped ceilings, finished walls and floors and heating, ventilating and air conditioning which is used primarily for office purposes.
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Flex Building means a building with less than eighteen (18) feet of ------------- clear interior height with grade level loading.
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Examples of Flex Building in a sentence

  • By way of illustration and not limitation, if a Development Property is classified as a "Flex Building", then pursuant to the foregoing restriction, Weeks could commence construction of a Bulk Building, a Distribution Building or an Office Building, but could not commence construction of a Flex Building until such time as the net leasable area of that Development Property, classified as a Flex Building, is at least fifty percent (50%) leased.

  • The collateral for the Loan is real and personal property commonly known as the Argonne Flex Building located at ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, Woodridge, Illinois (the “Property”).

  • Landlord and Tenant are parties to that certain Flex Building Lease dated November 17, 2021, as amended by a First Amendment dated February 23, 2022 (all collectively, the “Lease”) for that certain real property located at ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (“Premises”).

  • Weeks and NWI agree that a Bulk Building, a Distribution Building, a Flex Building and an Office Building do not compete with each other for prospective Tenants.

  • Exhibit A – Leased Premises Site Plan; Exhibit B – Rules and Regulations; Exhibit C – Flex Building Space: Office Standards;.

  • Purchaser therefore agrees not to encumber the Flex Building Property until construction financing has been approved by Purchaser’s lender and permits have been issued for the construction of the Flex Building, except for easements and other non-financial obligations as approved by Seller in its reasonable discretion.

  • The Contributors and Weeks agree that a "Bulk Building", a "Distribution Building", a "Flex Building" and an "Office Building" (as that terms are defined in this subparagraph) do not compete with each other for prospective Tenants.

  • A "Flex Building" means a building with less than eighteen (18) feet of clear interior height with grade level loading.

  • Purchaser and Seller acknowledge and agree that partial consideration to the Seller for the Property includes Purchaser constructing or causing to be constructed that portion of the Property upon which the Flex Building shall be constructed.

Related to Flex Building

  • Outbuilding means and refer to structures such as (by way of example and not limitation) storage buildings, sheds, greenhouses, gazebos and other Roofed Structures.

  • School building means any building in which any of the instruction, extracurricular activities, or training provided by a school is conducted, whether or not any instruction, extracurricular activities, or training provided by the school is being conducted in the school building at the time a criminal offense is committed.

  • farm building means that part of a bona fide farming operation encompassing barns, silos and other ancillary development to an agricultural use, but excluding a residential use;

  • Building means any structure used or intended for supporting or sheltering any use or occupancy.

  • Public building and "public work" means a public building of, and a public work of, a governmental entity (the United States; the District of Columbia; commonwealths, territories, and minor outlying islands of the United States; State and local governments; and multi-State, regional, or interstate entities which have governmental functions). These buildings and works may include, without limitation, bridges, dams, plants, highways, parkways, streets, subways, tunnels, sewers, mains, power lines, pumping stations, heavy generators, railways, airports, terminals, docks, piers, wharves, ways, lighthouses, buoys, jetties, breakwaters, levees, and canals, and the construction, alteration, maintenance, or repair of such buildings and works.