Initial Leased Premises definition
Examples of Initial Leased Premises in a sentence
Landlord and Tenant hereby acknowledge and agree that the Sixth Floor Term is not co-terminus with the Term for the Initial Leased Premises and the Third Floor Leased Premises.
Upon the expiration or earlier termination of the Term for the Initial Leased Premises and the Third Floor Leased Premises and/or the Sixth Floor Leased Premises, the calculation of Tenant’s Pro Rata Share of Operating Costs shall be adjusted to reflect the leasable square footage of the Leased Premises for which the Term has not expired or been terminated.
The Initial Leased Premises shall be improved by Landlord as shown on Exhibit B, and is leased in the configuration as shown in Red on Exhibit B attached hereto.
All materialmen, contractors, artisans, mechanics, laborers and other parties hereafter contracting with Tenant for the furnishing of any labor, services, materials, supplies or equipment with respect to any portion of the Initial Leased Premises are hereby charged with notice that they must look solely to Tenant for payment of same and Tenant's purchase orders, contracts and subcontracts in connection therewith must clearly state this requirement.
Landlord shall, at its sole cost and expense, construct certain interior improvements (the "Tenant Improvements") in the Initial Leased Premises, as shown on Exhibit B to be attached to the Lease and Landlord agrees to deliver the Premises leased hereunder to Tenant, at Landlord's expense, in the configuration shown in Red on Exhibit B to be attached hereto.
From and after the Expansion Premises Commencement Date (hereinafter defined), as used in the Lease, the term “Leased Premises” shall mean and refer to the Initial Leased Premises together with the Expansion Premises, which Leased Premises shall contain approximately 145,836 rentable square feet in the aggregate for the office portion of the Leased Premises and the 2,200 square feet of Storage Space.
The annual rate of Basic Rent for the Initial Leased Premises during such additional term shall be at the Market Rental Rate then in effect as specified by the Landlord.
The rent shall be indexed as set forth in the Agreement such that the lessee shall pay lessor the same rent, on a pro-rata basis, with respect to the Expansion Facility as is paid for the Initial Leased Premises.
Notwithstanding anything to the contrary contained in this Section 2.5, in no event shall the Improvements Allowance exceed $34.00 per square foot of Net Rentable Area in the Initial Leased Premises.
In no event shall this Lease continue in force and effect as to the Refusal Space beyond the termination of this Lease as to the Initial Leased Premises.