Remainder Premises definition
Examples of Remainder Premises in a sentence
Landlord shall, in the manner hereinafter set forth, contribute up to Six Hundred Twenty-Three Thousand Seven Hundred Ninety and 00/100 ($623,790.00) Dollars (i.e., $5.00 per rentable square foot of floor area in the Remainder Premises) ("Landlord's Contribution") towards the cost of leasehold improvements to be installed by Tenant in the Remainder Premises ("Tenant's Work").
Subtenant’s liability for a holdover event for which Sublandlord does not hold over on the Remainder Premises but Subtenant does hold over on the Premises as described in the immediately preceding sentence, shall be equal to all damages owed to Master Landlord by Sublandlord as Tenant, under Section 22 of the Master Lease, which includes 100% of the holdover rent then due under the Master Lease.
During the term of this Sublease, Sublandlord shall fully comply with all the insurance obligations as provided for in the Master Lease with respect to the Remainder Premises.
From and after January 1, 2005, any reference in the Lease to the "Premises" shall refer to the Remainder Premises described above.
Subtenant’s liability for a holdover event for which Sublandlord holds over on the Remainder Premises and Subtenant also holds over on the Premises shall be calculated as a prorata percentage interest based upon a formula that is equal to the square footage of the Premises leased by Subtenant under this Sublease divided by the square footage of the total premises that are leased by Sublandlord under its Master Lease with Landlord as of the time of such indemnification.
If Subtenant has not completed the IPO prior to its sublease of the Remainder Premises, then Subtenant's Base Rent for the Remainder Premises shall be equal to $1.40 per square foot of the Remainder Premises per month until November 30, 2005.
The parties hereby agree that this Sixth Amendment shall constitute Tenant’s proper and timely exercise of the RP Extension Option with respect to all of the Remainder Premises that is other than Suite 1717 (i.e., ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇, and Suite 930, which contains a total of approximately 20,697 rentable square and pursuant to Section 7.2 of the Fourth Amendment shall be referred to herein, collectively, as the “RP Extension Premises”).
Notwithstanding the foregoing, if Sublandlord delivers a Sublandlord's Notice and Subtenant fails or declines to exercise its Right of First Offer, the Sublease Right shall be terminated during the period after Subtenant declines or fails to sublease the Remainder Premises (but no longer than six (6) months), or, if Sublandlord is actively negotiating with a third party for the sublease of the Remainder Premises, until such negotiations terminate without the execution of a sublease.
Sublandlord shall have no obligation to construct any tenant improvements whatsoever, and Subtenant acknowledges, among other things, that Sublandlord shall have no obligation to demise the Premises until such time as the Remainder Premises are sublet by Sublandlord to a third party.
After the earlier of (i) the Remainder Premises Expiration Date, and (ii) the date that Tenant's lease of the Remainder Premises shall have been terminated or a portion of the Remainder Premises shall have been sublet, Landlord may, at Landlord's cost, remove the glass wall(s) in the +32'0" lobby level of the Building, that are near the elevators serving the 8th to 16th floors.