Definition of Rentable Area of the Building Complex
Rentable Area of the Building Complex shall mean all rentable space available for lease in the Building Complex, which the parties agree is, as of the Effective Date, 550,440 square feet. If there is a change in the aggregate Rentable Area of the Premises, by mutual agreement, and/or square footage of the Building Complex, as a result of an addition to the Building, partial destruction thereof, modification to building design, or similar circumstance which causes a reduction or increase thereto on a permanent basis the affected area shall be measured in accordance with the 2010 Building Owners and Managers Association Office Building Standard Method A (BOMA). Within thirty (30) days after the completion of the modification of the space, Landlords space planner/architect shall measure the revised rentable and usable square feet of the space in accordance with the provisions of this Section 4.1(b) and the results thereof shall be presented to Tenant in writing. Tenants space planner/architect may review Landlords space planner/architects determination of the number of rentable square feet and usable square feet of the Building and Tenant may, within thirty (30) days after Tenants receipt of Landlords space planner/architects written determination, object to such determination by written notice to Landlord. Tenants failure to deliver written notice of such objection within said 30-day period shall be deemed to constitute Tenants acceptance of Landlords space planner/architects determination. If Tenant objects to such determination, Landlords space planner/architect and Tenants space planner/architect shall promptly meet and attempt to agree upon the rentable and usable square footage of the Building. If Landlords space planner/architect and Tenants space planner/architect
Examples of Rentable Area of the Building Complex in a sentence
Landlord and Tenant agree that, for all purposes of this Lease, the Rentable Area of the Premises and the Rentable Area of the Building Complex (as set forth in Section 4.1 below) are controlling and are not subject to revision after the Effective Date, except as otherwise provided herein.
Notwithstanding anything in this Lease to the contrary, if another tenant within the Building Complex pays an expense category directly to a supplier/vendor/municipality/provider, or reimburses Landlord for an entire expense category, the denominator utilized in Tenants Pro Rata Share calculation for that expense category shall, in Landlords reasonable judgment, be adjusted by deducting the other tenants square footage from the Rentable Area of the Building Complex for that expense category.
Prorata Share shall mean that fraction, the numerator of which is the Rentable Area of the Premises (36,159 rentable square feet) and the denominator of which is 51,974 square feet being the total Rentable Area of the Building Complex and is equal to 69.57%, which calculation shall be final except as specifically set forth herein.
Notwithstanding the foregoing, if there is: (i) alteration to the Premises or the Building or Building Complex after the Commencement Date; or (ii) any change in the designated Rentable Area of the Building Complex, then Landlord shall have the exclusive discretion to recalculate Tenants Share by substituting the revised approximate Rentable Area of the Premises and/or the Building Complex in the calculation described above.