Examples of Rentable Area of Premises in a sentence
Tenant shall be entitled to an additional tenant improvement allowance of and No/100 Dollars ($##.00) per square foot of Rentable Area of Premises which, to the extent used, would be amortized as additional rent over the initial term of ten (10) years at a rate of percent (##%) per year.
Tenant shall be entitled to an additional tenant improvement allowance of and No/100 Dollars ($##.00) per square foot of Rentable Area of Premises which, to the extent used, would be amortized as additional rent over the remainder of the initial term of ten (10) years at a rate of percent (##%) per year or if Tenant has exercised an option to extend the Lease, the excess Tenant improvement allowance shall be amortized over the remainder of the current option term.
Effective as of the Expansion Option Effective Date, the Rentable Area of Premises (as set forth in Section 2.2 of the Lease) shall be eleven thousand seven hundred twenty-seven (11,727) rentable square feet.
From and after the Suite 218/217A Premises Commencement Date, the term “Premises” as used in the Lease shall mean the Existing Premises plus the Suite 218/217A Premises and, therefore, the Rentable Area of Premises (as set forth in Section 2.2 of the Original Lease) shall be increased to sixteen thousand four hundred seventy-four (16,474) square feet of Rentable Area.
Effective as of the Additional Premises Commencement Date, the Rentable Area of the Premises (as set forth in Section 2.2 of the Lease) is hereby increased by approximately two hundred and five (205) rentable square feet, resulting in a new total Rentable Area of Premises of ten thousand six hundred eight (10,608) rentable square feet.