Incremental area definition

Incremental area for a particular permit year means:
Incremental area means the area of staircases, shaftways and telecommunications areas that would have otherwise constituted Usable Area (assuming that Landlord constructed the Building in accordance with the Building Standard to accommodate a first-class office occupancy) but for Landlord's installing or expanding the area of such staircases, shaftways and telecommunications areas to accommodate Tenant's particular requirements; provided, however, that (W) the Incremental Area shall not include any portion of the area of the shafts used for the central HVAC System, (X) in respect of the fresh air supply and return shaft areas that are located above the second (2nd) floor of the Building and that Tenant and other occupants of the Building share, the Incremental Area thereof shall be deemed to be the portion of the area thereof that Landlord is constructing as a Tenant Upgrade Work Component, and (Y) the area used for fresh air and kitchen exhaust below the third (3rd) floor of the Building shall not constitute Incremental Area except to the extent that such area exceeds the area that retail tenants customarily require.

Related to Incremental area

  • Fixed Incremental Amount means (i) the greater of $610,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.