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.