Net Useable Area definition

Net Useable Area means the number of square feet of enclosed floor area within the Building (or any portion thereof) intended for the exclusive use by the tenant or occupant thereof measured from the outside finished surface of the exterior walls or permanent outer building walls and from the mid-point of any interior or party wall. As of the execution date of this Lease, the Total Useable Area of the Building is 35,492 square feet.
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Net Useable Area means the total area within the Premises as measured from the interior surface of exterior walls, windows and doors to the midpoint of all interior demising walls, windows and doors, without deduction for columns or projections.
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Net Useable Area as used herein, shall refer to all rentable floor area subject to lease by Tenant and all tenants as determined by Landlord and applied on a consistent basis, excluding common areas devoted to corridors, elevator foyers, restrooms, mechanical rooms, janitor closets, vending areas and other similar facilities. No deductions from useable area are made for columns or projections necessary to the building. The useable area in the premises has been calculated on the basis of the foregoing definition, and is hereby stipulated for purposes hereof to be 10,492 square feet, whether the same should be more or less as a result of minor variations resulting from actual construction and completion of the premises for occupancy. The total useable area of the Building shall be acknowledged as 20,892 square feet.
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Examples of Net Useable Area in a sentence

  • Landlord agrees to provide to Tenant a Tenant Improvement Allowance in an amount equal to the number of square feet of Net Useable Area within the Premises multiplied by $27.00 ("Tenant Improvement Allowance"), of which $2.00 per useable square foot shall be applied to architectural fees.

  • Net Useable Area shall mean the total area within the Premises as measured from the interior surface of exterior walls, windows and doors to the mid-point of all interior demising walls, windows and doors, without deduction for columns or projections.

  • For the purpose of this Lease, the Net Useable Area of the Premises shall be 11,299 useable square feet subject to adjustment by re-measurement as provided in paragraph 1.2. hereof.

  • Landlord agrees to provide to Tenant a Leasehold Improvement Allowance in an amount equal to the number of square feet of Net Useable Area within the Premises multiplied by Twenty and 00/100 dollars ($ 20.00 ) (the "Leasehold Improvement Allowance").

  • If the Survey shows that the Net Useable Area is less than 487,000 square feet, Seller may terminate this Agreement by notice to Buyer within ten (10) days of Seller's receipt of the Survey.