Occupiable definition

Occupiable means a room or enclosed space designed for

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Occupiable means a room or enclosed space designed for human occupancy in which individuals congregate for amusement, educational, or similar purposes, or in which occupants are engaged at labor, and that is equipped with means of egress, light, and ventilation.

Occupiable means, with respect to any PE Areas or similar terms, that such area is intended for human occupancy, including office and studio space, lobbies, and rest rooms, but excluding risers, shafts, elevators or elevator shafts, fire stairs, mechanical or equipment rooms and other core areas.

Examples of Occupiable in a sentence

• Tenant shall pay Additional Rent on any Occupiable Mezzanine Space at the rate of ten cents ($0.10) per Rentable Square Foot during the initial Thirty-Six (36) Months of the Lease Term, and at the rate of sixteen cents ($0.16) per Rentable Square Foot for the balance of the initial Lease Term.

• Tenant may, at any time during the initial Lease Term, in its discretion, declare all or any portion of the unimproved Mezzanine Space "Occupiable" for storage or other uses permitted under applicable codes.

• As soon as reasonably possible after the Commencement Date and, if applicable, after any relocation, rearrangement, alteration, addition or reduction of or to the Leased Premises in accordance with this Lease, the Architect shall calculate the actual Occupiable Area and Rentable Area of the Leased Premises.

• During the Base Term, Base Rent shall not be adjusted in connection with any increase in the rentable square footage in the Premises to include Occupiable Mezzanine Space.

• Once Tenant has declared all or any portion of the improved Mezzanine Space Occupiable, it shall remain Occupiable for the remaining term of this Lease and any extensions, provided that upon improvement of such space pursuant to subsection 33(b), such space shall become Improved Mezzanine Space.

• To keep in good and substantial repair condition and decoration the whole of the Building (including the Structure but excluding the Exclusively Occupiable Areas).

• Landlord and Tenant acknowledge and agree that Tenant may not use any portion of the TI Allowance to construct Tenant Improvements in the mezzanine portion of the Building (the “Mezzanine Space”) to convert the Mezzanine Space to Occupiable Mezzanine Space and that as of date of the TI Substantial Completion under the Work Letter, the Mezzanine Space will not be built out as occupiable space.

More Definitions of Occupiable

Occupiable means a building or enclosed space designed for human occupancy in which occupants are engaged in labor or individuals congregate for amusement, educational or similar purposes and which is equipped with means of egress, light and ventilation.

Occupiable shall be interchangeable.” “6 (C). This lease is subject to real estate tax adjustments under Paragraph 3.3 of the SFO. The percentage of Government occupancy for this lease is established as 23.93% using 1,050,000 useable square feet in building. For the purposes of determining real estate tax adjustments, the base year shall be 2002 commencing effective with the 2004 real estate taxes. Only ad valorem taxes shall be considered in determining real estate tax adjustments. Ad valorem taxes shall include any downtown improvement or other similar type taxes which are imposed on an ad valorem basis, but such tax items shall only be included in the base year if they were actually payable during the base year and if an amount for such item is included in the comparison year.” “6D. This lease is subject to operating cost adjustments as provided under Paragraph 3.6 of the SFO. Effective February 9, 2004 the base rate for operating adjustments is established as $5.85per useable * square foot. The anniversary date for commencement of the operating cost adjustments shall be February 9,2004. No adjustments shall be due until February 9, 2005.” Paragraph 9 of the SF-2 is hereby amended by the addition of the following subparagraph: “The Government hereby exercises its option to renew the gth floor space acquired under SLA No. 4 of this lease (the “8* Floor Space”) commencing effective as of April 1, 2004. This space shall expire and be coterminous with the base lease.” Effective as of April 1, 2004, Paragraph 10 of the SF-2 is hereby revised in its entirety to read as follows: “Effective April 1, 2004, the Government shall pay the lessor annual rent of $4,344.714.19 at a rate of Rent for a lesser period shall be prorated. Rent shall be paid by wire transfer in accordance with the following instructions: Bank of America, Dallas, Texas, ABA # ▇▇▇-▇▇▇▇-▇▇, for further credit to: Crescent Real Estate Funding X, L.P., Account # 163-076-7129.” Paragraphs 16, 17, & 18 are hereby added as follows: