Measured Area definition

Measured Area means the number of square feet of the Net Internal Area of the Premises measured in the manner provided for in clause 9 (rounded to the nearest square foot);
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Measured Area means the net internal area calculated in accordance with the principles of the Measurement Standard expressed in square feet;
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Examples of Measured Area in a sentence

  • When the Measured Area of the building area is smaller than the building area stipulated in the contract within 3% (including 3%), the Seller shall return the cost of the less area to the Buyer; while if the discrepancy rate exceeds 3%, the Seller shall return twice more than the cost of the less area to the Buyer.

  • If the Buyer doesn’t cancel the order, when the Measured Area of the building area is larger than the predicted area with the discrepancy rate within 3% (including 3%), the Buyer shall pay for the extra area; while if the discrepancy rate exceeds 3%, the cost of the extra area will be borne by the Seller and the ownership belongs to the Buyer.

  • If the Buyer doesn’t cancel the order, when the Measured Area of the interior building area is larger than the predicted area with the discrepancy rate within 3% (including 3%), the Buyer shall pay for the extra area; while if the discrepancy rate exceeds 3%, the cost of the extra area will be borne by the Seller and the ownership belongs to the Buyer.

  • When the Measured Area of the interior building area is smaller than the predicted area with the discrepancy rate within 3% (including 3%), the Seller shall return the cost of the less area to the Buyer; while if the discrepancy rate exceeds 3%, the Seller shall return twice more than the cost of the less area to the Buyer.

  • The Floor Basic Rentable Area includes Gross Measured Area of each floor less Major Vertical Penetrations.

  • Area Difference Ratio= [(Actual Measured Area- Area agreed in this Contract)/ Area agreed in this Contract] ×100%.

  • As used in this Lease, the term "RENTABLE AREA" or "RENTABLE SQUARE FOOTAGE" means the "Total Rentable Area" (and not the "Gross Measured Area" or the "Building Rentable Area") measured in accordance with ANSI/BOMA Z65.1 - 1996 (the "BOMA Standard").

Related to Measured Area

  • Covered area means the geographical area described in the solicitation from which this contract resulted;

  • Leased Area means the Crown land referred to in, subclause (1) of clause 9 hereof; [“mineral lease”] 4

  • prescribed area means any area over which Norway or any member State (other than the United Kingdom) exercises sovereign rights for the purpose of exploring the seabed and subsoil and exploiting their natural resources, being an area outside the territorial seas of Norway or such member State, or any other area which is from time to time specified under section 10(8) of the Petroleum Act 1998;

  • Blighted area means an area in which a majority of buildings have declined in productivity by reason of obsolescence, depreciation or other causes to an extent they no longer justify fundamental repairs and adequate maintenance.

  • specified area (“ardal benodedig”) means an area which is specified in a condition to the service provider’s registration as a place in relation to which the service is to be provided;