Rentable Area in the Building means 110,369 square feet. Tenant and Landlord shall each have the right, within 90 days after the Commencement Date, to have the rentable square footage of the Building measured by a licensed architect, and verified by the other party, which measurement shall be made pursuant to BOMA standards, provided however, the vertical penetration on the second floor of the Building for the purpose of creating a two-story atrium lobby shall not be subtracted from the calculation of the rentable square footage of the Building. In addition, the calculation of the rentable square footage of the Building shall not include the Lower Level Space, but shall be comprised of the main floors of the Building and Common Areas in the Building. The measurement as determined by such architect, and verified by the other party, shall be substituted for the foregoing amount, and those items under this Lease measured with reference to the Rentable Area in the Building, including the Tenants Pro-Rata Share, shall be adjusted accordingly.
Examples of Rentable Area in the Building in a sentence
The Expansion Space (A) Tenant shall have the right to lease a block of approximately 5,000 s.f. square feet [plus or minus twenty percent (20%)] of Net Rentable Area in the Building ("The Expansion Space").
Tenant shall, when Landlord so requires during the term of this lease, pay as an adjustment to Base Rental hereunder, regardless of rental abatement, an amount (per each square foot of Net Rentable Area within the Premises, including those portions of Common Areas allocated to the Premises from time to time) equal to the excess ("Excess") from time to time of actual Basic Costs per square foot of Net Rentable Area in the Building over the amount of the Expense Stop.
Tenant's Base Rental is based, in part, upon the estimate that annual Basic Costs will be equal to $7.75 per square foot of Net Rentable Area in the Building (such estimate being hereinafter referred to as the "Expense Stop").
The Approximate Rentable Area in the Premises and the Approximate Rentable Area in the Building as set forth herein may be revised at Landlords election if Landlords architect determines such estimate to be inaccurate in any material degree after examination of the final drawings of the Premises and the Building.
BEGINNING JULY 1997: 27.96% which is the percentage obtained by dividing (I) 25,846 square feet of Rentable Area in the Premises by (ii) the total 92,410 square feet of Rentable Area in the Building.