Total Leasable Area definition
Examples of Total Leasable Area in a sentence
Except as otherwise provided herein, all Operating Expenses will be prorated according to their relation to the Total Leasable Area of the Building.
The effective date of any such readjustment shall: (a) in the case of an adjustment to the Total Leasable Area of the Building, be the date on which the change occurs; and (b) in the case of a correction to any measurement or calculation error, be the dale as of which such error was i▇▇▇▇duced in the calculation of the Rent and Additional Rent.
Total Leasable Area in the Building: 242,475 rentable Square Feet Total Leasable Area of the Premises (exclusive of the First Expansion Premises): 15,296 rentable Square Feet Tenant’s “Pro Rata Share”: 6.31% until the First Expansion Premises Commencement Date; 12.62% as of the First Expansion Premises Commencement Date.
If the Total Leasable Area of the Building or Rentable Area of the Premises should change during the term hereof, Landlord will adjust Tenant's percentage accordingly.