Minimum Leased Premises definition
Minimum Leased Premises means the number of square feet determined by multiplying the Net Rentable Area of all of the Closing Properties acquired by Landlord (or its Affiliates) from Tenant (or its Affiliates) under the Purchase Agreement, whether or not such Closing Properties are occupied, in whole or in part, by Tenant, by 0.618. The Minimum Leased Premises shall be calculated by Landlord and Tenant on the Commencement Date and recalculated, as of the Commencement Date, following the re-measurement of the Buildings in conformity with the Measurement Standard.
Minimum Leased Premises means, during the period beginning on the Commencement Date and ending on February 28, 2005, the number of square feet determined by multiplying the Closing Properties NRA by 0.618. From and after March 1, 2005, Minimum Leased Premises shall mean the Net Rentable Area of Leased Premises under this Lease on the Commencement Date plus Thirty-Four Thousand Eight Hundred Ninety–One (34,891) square feet. The Minimum Leased Premises shall be estimated by Landlord and Tenant on the Commencement Date and finalized, effective as of the Commencement Date, following the re-measurement of the Closing Properties in conformity with the Measurement Standard.
Minimum Leased Premises means, during the period beginning on the Commencement Date and ending on February 28, 2005, 4,645,851 square feet of Net Rentable Area. From and after March 1, 2005, Minimum Leased Premises shall mean the Net Rentable Area of Leased Premises under this Lease on March 1, 2005, plus 34,891 square feet of Net Rentable Area, which Landlord and Tenant stipulate and agree equals 4,084,694 square feet of Net Rentable Area.
Examples of Minimum Leased Premises in a sentence
Minimum Leased Premises Net Rentable Area: Deleted by this Sixth Amendment.
More Definitions of Minimum Leased Premises
Minimum Leased Premises has the meaning set forth in Section 205(D) of this Lease.