Rentable Premises definition
Examples of Rentable Premises in a sentence
The cost of any work, including painting, decorating and work in the nature of tenant finish, which Landlord performs in any Rentable Premises other than work which Landlord performs in the Premises.
Determine an adjusted Usable Premises by: (i) Subtracting the Rentable Premises from the total Usable Premises; then (ii) Multiplying that result by the adjusted Usable Premises Multiplier shown in the table below; then (iii) Subtracting that result from the total Usable Premises.
The term “Net Rentable Premises ” is hereby defined for the purposes of this Lease to mean the area of space leased by Tenant computed by measuring to the inside finish of permanent outer building walls, to the Premises side of public corridors and/or other permanent partitions and to the center of partitions which separate the adjoining rentable areas, with no deductions for columns and projections in the Building.
If there is not a separate bill i▇▇▇▇d by the relevant authority for Business Taxes, the Tenant will pay its Proportionate Share of the Business Taxes with respect to the entire Building after deduction of any contributions made by the tenants or occupants of the Rentable Premises not included in the Rentable Area of the Building.
The product of that division, the “Load Factor” shall be the multiplied by the Net Rentable Premises, to determine the Load Adjusted Premises for purposes of this Lease.
In the event that either Tenant’s Net Rentable Premises or the Building’s Net Rentable Area occupied by Tenants is materially changed, Tenant’s Percentage Share of Operating Costs and Taxes shall be appropriately adjusted by Landlord, and such adjustment to be conclusive and binding on Tenant, absent manifest error.
The cost of any work, including painting, decorating and work in the nature of tenant finish, which Landlord performs in any Rentable Premises other than work of a kind and scope which Landlord would be obligated to perform in the Demised Premises.
However, because the earlier calculations and figures based on the lower square footage were already approved by Siga’s board, the Landlord has agreed to adjust the tenant’s “Load Adjusted” Net Rentable Premises sq.
Upon the Effective Date of this Seventh Amendment, the Premises shall consist of the following specific areas: Rentable Premises Square Feet Expiration Date ----------- --------------- Seventh Floor .
Costs and Taxes shall be computed by dividing the amount of Tenant’s Net Rentable Premises by the amount of Net Rentable Areas for the entire Building.