Phase 1 Premises definition

Phase 1 Premises means approximately 21,159 rentable square feet (“rsf”) located on the 1st floor of Building 910, as more particularly shown on Exhibit A-1.

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Phase 1 Premises shall consist of not less than twenty thousand (20,000) square feet of Rentable Area on the sixth (6th) floor of the Building identified by Tenant to Landlord no later than June 1, 2012 (the “Phase 1 Premises Deadline”). If Tenant fails to provide Landlord with such notice by the Phase 1 Premises Deadline, then the Phase 1 Premises shall be as shown on Exhibit B-2 attached hereto. Promptly following the Phase 1 Premises Deadline, the parties shall enter into a written instrument confirming the square footage of Rentable Area of the Phase 1 Premises. The “Phase 2 Premises” shall consist of the balance of the Premises. The Rent Commencement Date shall be determined separately for each Phase and Base Rent shall be prorated based on the ratio of square footage of the Phase 1 Premises to the entire Premises until such time as the “Rent Commencement Date” occurs with respect to the entire Premises (i.e., until such time as the Phase 2 Premises Rent Commencement Date occurs). The “Phase 1 Premises Rent Commencement Date” shall be the earlier of (a) the Date earlier to occur of (i) Substantial Completion of the work described on Exhibit B with respect to the Phase 1 Premises (the “Phase 1 Premises Tenant Improvements”), and (ii) January 1, 2013 and (b) the date on which Tenant has occupied any portion of the Phase 1 Premises for the conduct of its business, as opposed to occupying any portion of the Phase 1 Premises for the installation of the Tenant Improvements (as defined below). The “Phase 2 Premises Rent Commencement Date” shall be the earlier of (y) the Date that is the earlier to occur of (i) Substantial Completion of the work described on Exhibit B with respect to the Phase 2 Premises (the “Phase 2 Premises Tenant Improvements” and, together with the Phase 1 Premises Tenant Improvements, the

Phase 1 Premises shall consist of twenty-six thousand seven hundred thirty-four (26,734) square feet of Rentable Area on the sixth (6th) floor of the Building. The “Phase 2 Premises” shall consist of a total of ninety-nine thousand three

Examples of Phase 1 Premises in a sentence

For purposes of this Lease, the “Commencement Date” shall mean the Applicable Phase Delivery Date for the Phase 1 Premises.
Tenant's taking possession of any portion of the Phase 1 Premises or Phase 2 Premises shall be conclusive evidence that the entire Phase 1 or Phase 2 Premises, respectively, was in good order, repair and condition except that Tenant shall have one (1) year after the execution hereof to identify any latent defects to Landlord in writing.
Tenant hereby acknowledges that the Phase 1 Premises is currently occupied by another tenant of the Building.
On the Phase 1 Commencement Date, Landlord shall deliver to Tenant possession of the Phase 1 Premises consisting of approximately 66,198 Rentable Square Feet (as defined in Section 3 below).
Commencing on the Phase 1 Commencement Date and continuing throughout the balance of the Lease term Tenant shall pay to Landlord during the Term hereof, in addition to Base Annual Rent and Tenant’s Share of operating expenses, Tenant’s Proportionate Share (with respect to the Phase 1 Premises) of the “Real Property Taxes” (as defined in Section 5(b) below) for each year.
The term of the Lease (“Term”) shall commence on the Commencement Date and shall end on the Expiration Date, unless otherwise extended or earlier terminated in accordance with the terms of this Lease; provided that, with respect to any Phase of the Premises which is not delivered on the Commencement Date (other than the Phase 1 Premises), the Term of the Lease for such Phase shall commence on such Phase’s Applicable Phase Delivery Date.
Tenant right of access prior to the Phase 1 Premises Commencement Date shall be under all the terms, covenants, conditions and provisions of this Lease, except the obligation to pay rent.
Within fifteen (15) days after (x) the Phase 1 Premises Commencement Date, Landlord and Tenant shall execute a Certificate of Commencement in the form of Exhibit “C”, and (y) each applicable commencement date with respect to a phase of the Demised Premises, Landlord and Tenant shall execute a Certificate of Commencement in the form of Exhibit “C”.
Tenant shall periodically update Landlord about the status of Tenant obtaining construction permits for the Phase 1 Premises.
For purposes of this Agreement, a “Contract Year” shall mean a one-year period commencing on the Effective Date or any anniversary thereof.

More Definitions of Phase 1 Premises

Phase 1 Premises is the portion of L▇▇▇ 2, including all of the rentable premises within the third floor as depicted on the attached Exhibit A-1 (“L▇▇▇ 2.3”), the western space on the second floor as depicted on the attached Exhibit A-2 (“L▇▇▇ 2.2”), the space on the westerly portion of the first floor of the Building to serve as Tenant’s exclusive entrance/lobby as depicted on the attached Exhibit A-4 (the “L▇▇▇ 2 Lobby”), and the portion of the basement depicted on the attached Exhibit A-3 (the “L▇▇▇ 2 Basement Premises”). The “Phase 2 Premises” consists of all of L▇▇▇ 1 as depicted on the attached Exhibit A-5 and the portion of L▇▇▇ 1-B depicted on the attached Exhibit A-6. The attached Exhibit A-7 identifies the sizes of the Project, Buildings, and various premises as of the date of this Lease. The Premises may be expanded or contracted in accordance with this Lease. Additionally, at Tenant’s written election (which must be received by Landlord along with Tenant’s space plans for such space concurrent with Tenant’s other proposed space plans for the Phase 2 TI Work), the portion of the L▇▇▇ 2 Basement Premises planned for Tenant’s machine shop may be relocated to the Project’s parking structure in a location and orientation reasonably acceptable to Landlord and Tenant and approved by all applicable governing authorities under all applicable Laws (the “New Machine Shop Space”), in which case the Phase 2 Premises will be expanded to include the New Machine Shop Space and Landlord will construct such space expeditiously to completion after receipt of the applicable building permit for the New Machine Shop Space (at Landlord’s cost to the extent of $180.00 per Rentable Square Foot of the New Machine Shop Space or such lesser amount necessary to improve the New Machine Shop Space to a warm vanilla shell) and further improvement of the New Machine Shop Space will be subject to the same process and TI Allowance as for the balance of the Phase 2 Premises. If Landlord does not timely complete the work required of it under the preceding sentence, Tenant may do so.

Phase 1 Premises defined in the Basic Lease Provisions.

Phase 1 Premises. Upon execution of this Lease and until the Land Transfer, the Premises is defined as ▇▇▇ ▇, ▇.▇. ▇▇▇▇▇▇▇▇▇▇ Addition, Lincoln, Lancaster County, Nebraska as shown below:

Phase 1 Premises shall consist of the Sixth Floor Premises and Seventh Floor Premises The “Phase 2 Premises” shall consist of the Ninth Floor Premises, the Initial Lower Level Premises and the Initial First Floor Premises The “Phase 3 Premises” shall consist of the Subsequent Lower Level Premises, the Subsequent First Floor Premises and Eighth Floor Premises