Premises Cost definition

Premises Cost means the cost to perform Landlord's Work, which cost is computed on Exhibit "E" attached hereto and made a part hereof, subject to adjustment as provided in Article 2.
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Premises Cost means $26,320,960. If Landlord refinances the Premises within twelve (12) months following the Commencement Date, then the Fixed Rent will be recalculated using an interest rate equal to the greater of (A) eight and three quarters percent (8.75%) per annum and (B) three hundred seventy five (375) basis points in excess of the Index level as of the date of such refinancing, but in no event shall the Fixed Rent be increased as a result of any such recalculation.
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Examples of Premises Cost in a sentence

  • The ‘Principles of Best Practice’ and any other guidance relating to the Premises Cost Directions 2013.

  • In the event Tenant elects to so terminate, Tenant shall pay to Landlord the difference, if any, between the insurance proceeds received by Landlord and the unamortized portion of the Premises Cost.

  • Landlord and Tenant acknowledge that the Premises Cost computation on Exhibit "E" is an estimate, and agree to supplement and/or amend Exhibit "E" after the Premises Cost is actually determined.

  • In the event that a separate award is not made to Tenant, Tenant shall be entitled to share in any award made to Landlord, as long as Landlord first receives the fair market value of the real property upon which the Premises are located plus the unamortized Premises Cost.

  • In the event there is no modification of the Premises Cost, or upon execution of a Supplemental Lease Agreement modifying the Premises Cost, Landlord and Tenant agree that the Premises Cost shall be deemed to be final and not subject to any further adjustment, and that Tenant shall not be responsible for any other costs associated with Landlord's Work except for change orders which have been initiated, requested and approved by Tenant.

  • In the event that a separate award is not made to Tenant, Tenant shall be entitled to share in any award made to Landlord, as long as Landlord first receives the fair market value of the real property upon which the Premises are located plus the unauthorized Premises Cost.

  • Landlord and Tenant acknowledge that the Premises Cost computation on Exhibit "E" is an estimate, and agree to supplement and/or amend Exhibit "E" after the Premises Cost is actually detennined.

  • Within eighteen (18) days after approval of the TI Plans and Specifications, Landlord will promptly cause to be prepared in consultation with outside contractors, subcontractors and suppliers, a preliminary estimate of the Leased Premises Cost (the "Estimated Leased Premises Cost").

  • Where only part of the Premises qualify under the Premises Cost Directions the reviewed rent shall be the aggregate of the rent approved by the District Valuer for the part attracting reimbursement under the Premises Cost Directions and the Rental Value for that part of the Premises not attracting reimbursement under the Premises Cost Directions.

  • Within thirty (30) days after receipt of the final Plans and Specifications from Tenant, Landlord shall notify Tenant in writing of any differences between the prototypical Plans and Specifications and the final Plans and Specifications which increase the Premises Cost set forth on attached Exhibit "E", together with at least three (3) bids which support such increase.

Related to Premises Cost

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Lessor's Cost for the Aircraft means the amount denominated as such in Exhibit B to the Lease.

  • Rentable Area of Premises on Page 1 of the Lease shall be deleted in their entirety and replaced with the following:

  • Operating Cost means the total cost and expense incurred in operating, managing, insuring, equipping, lighting, repairing, maintaining and policing the Real Property, including the exterior of the Real Property and the common areas, and specifically including, without limitation, items of expense for or related to: insurance premiums and deductibles, management, bookkeeping.