Determination of Rentable Area Sample Clauses

Determination of Rentable Area. (a) The Rentable Area of the Leased Premises and the Rentable Area of the Development shall be determined in the first instance by the Landlord in accordance with the new Boma Standard Method for Measuring Floor Area in Office Buildings dated June 1996. The Rentable Area of the Leased Premises, the Development or any other component of the Development shall be conclusively deemed to be the area, expressed in square feet, set out in a certificate of the Landlord or Architect.
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Determination of Rentable Area. The rentable area in the Office Complex and in the Premises is determined in accordance with the Building Standard method of office space calculation.
Sample 1
Determination of Rentable Area. Rentable Area for the Premises has ------------------------------ been calculated pursuant to the BOMA's Standard Method of Measuring Floor Area in Office Buildings, ANSI/BOMA Z65.1-1996. Tenant's architect shall have the right to verify the calculation of the rentable area for the Premises within thirty (30) days after the Commencement Date, after which thirty (30) day period the rentable area of the Premises as set forth herein shall be deemed to be mutually agreed upon by the parties and shall be conclusive and binding upon them. Rentable Area for the Building and the Project has been or will be calculated in a manner consistent with all other leases in the Project.
Sample 1
Determination of Rentable Area. Upon the Substantial Completion of the Initial Improvements, Lessor's Architect shall measure the rentable square footage of the Premises (including without limitation the mezzanine portion of the Office Area). Such square footage shall be determined by measuring to the outside finished surface of the permanent exterior building walls (and, with respect to the mezzanine, to the outside finished surface of the interior wall which demises the Office Area from the remainder of the Premises), without deduction for columns or projections necessary to the building. Upon such determination of rentable area, all provisions of the Lease which are dependent upon square footage (including without limitation the calculation of Base Rent) shall be adjusted accordingly. Dated as of September 12, 1996.
Sample 1
Determination of Rentable Area. (1) The Rentable Area of the Leased Premises and the Rentable Area of the Building shall be determined in the first instance by the Landlord in accordance with the Standard Method of Measuring Floor Area in Office Buildings (American National Standard AN51265.l-1980, re-affirmed 1919 and reprinted August, 1993) published by Building Owners and Managers Association International. The Rentable Area of the Leased Premises, the Building or any other component of the Development shall be conclusively deemed to be the area, expressed in square feet, set out in a certificate of the Landlord or an Expert.
Sample 1
Determination of Rentable Area. Landlord's architect shall ------------------------------ determine and certify the rentable area of the Premises and the Buildings in accordance with the Building Owners and Managers Association ("BOMA") definition American National Standard Z65.1-1996. Landlord shall notify Tenant in writing of the rentable areas of each Building as determined by Landlord's architect upon delivery of possession to Tenant of the portion of the Premises within that Building. Tenant shall have thirty (30) days from the date on which Landlord or Landlord's architect notifies Tenant in writing of the determination of the rentable area of the applicable Building to object to the determination made by Landlord's architect. If Tenant timely notifies Landlord of its objection, Tenant shall arrange for an architect selected by Tenant to remeasure the rentable area of the applicable Building in accordance with the BOMA standard referenced above.
Sample 1
Determination of Rentable Area. Upon the Substantial Completion of the Initial Improvements, Lessor's Architect shall measure
Sample 1
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Related to Determination of Rentable Area

  • Calculation of Rent All calculation of Rent payable hereunder shall be computed based on the actual number of days elapsed over a year of three hundred sixty (360) days or, to the extent such Rent is based on the Prime Lending Rate, three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days.

  • Determination of Market Rent If Tenant timely and appropriately objects to the Market Rent in Tenant’s Acceptance, Landlord and Tenant shall attempt to agree upon the Market Rent using their best good-faith efforts. If Landlord and Tenant fail to reach agreement within twenty-one (21) days following Tenant’s Acceptance (“Outside Agreement Date”), then each party shall make a separate determination of the Market Rent which shall be submitted to each other and to arbitration in accordance with the following items (i) through (vii):

  • Rentable Area 6.1. The term “

  • Determination of Option Rent In the event Tenant timely and appropriately exercises an option to extend the Lease Term, Landlord shall notify Tenant of Landlord’s determination of the Option Rent within thirty (30) days thereafter. If Tenant, on or before the date which is ten (10) days following the date upon which Tenant receives Landlord’s determination of the Option Rent, in good faith objects to Landlord’s determination of the Option Rent, then Landlord and Tenant shall attempt to agree upon the Option Rent using their best good-faith efforts. If Landlord and Tenant fail to reach agreement within ten (10) days following Tenant’s objection to the Option Rent (the “Outside Agreement Date”), then Tenant shall have the right to withdraw its exercise of the option by delivering written notice thereof to Landlord within five (5) days thereafter, in which event Tenant’s right to extend the Lease pursuant to this Section 2.2 shall be of no further force or effect. If Tenant does not withdraw its exercise of the extension option, each party shall make a separate determination of the Option Rent, as the case may be, within ten (10) days after the Outside Agreement Date, and such determinations shall be submitted to arbitration in accordance with Sections 2.2.3.1 through 2.2.3.7, below. If Tenant fails to object to Landlord’s determination of the Option Rent within the time period set forth herein, then Tenant shall be deemed to have objected to Landlord’s determination of Option Rent.

  • Rentable Area of the Premises The term "Rentable Area of the Premises" shall mean 7,000 square feet, which Landlord and Tenant have stipulated as the Rentable Area of the Premises. Tenant acknowledges that the Rentable Area of the Premises includes the usable area of the premises, without deduction for columns or projections, multiplied by a load factor to reflect a share of certain areas, which may include lobbies, corridors, mechanical, utility, janitorial, boiler and service rooms and closets, restrooms and other public, common and service areas of the Building.

  • Definition of Rent All costs and expenses which Tenant assumes or agrees to pay to Landlord under this Lease shall be deemed additional rent (which, together with the Base Rent is sometimes referred to as the "Rent"). The Rent shall be paid to the Building manager (or other person) and at such place, as Landlord may from time to time designate in writing, without any prior demand therefor and without deduction or offset, in lawful money of the United States of America.

  • Fair Market Rent In the event that it becomes necessary to determine the Fair Market Rent of any Facility for any purpose of this Master Lease, and the parties cannot agree among themselves on such Fair Market Rent within twenty (20) days after the first request made by one of the parties to do so, then either party may notify the other of a person selected to act as appraiser (such person, and each other person selected as provided herein, an “Appraiser”) on its behalf. Within fifteen (15) days after receipt of any such Notice, the other party shall by notice to the first party appoint a second person as Appraiser on its behalf. The Appraisers thus appointed, each of whom must be a member of The Appraisal Institute/American Institute of Real Estate Appraisers (or any successor organization thereto, or, if no such organization exists, a similarly nationally recognized real estate appraisal organization) with at least ten (10) years of experience appraising properties similar to the Facilities, shall, within forty-five (45) days after the date of the notice appointing the first appraiser, proceed to appraise the applicable Facility to determine the Fair Market Rent thereof as of the relevant date; provided, that if one Appraiser shall have been so appointed, or if two Appraisers shall have been so appointed but only one such Appraiser shall have made such determination within fifty (50) days after the making of the initial appointment, then the determination of such Appraiser shall be final and binding upon the parties. If two (2) Appraisers shall have been appointed and shall have made their determinations within the respective requisite periods set forth above and if the difference between the amounts so determined shall not exceed ten percent (10%) of the lesser of such amounts, then the Fair Market Rent shall be an amount equal to fifty percent (50%) of the sum of the amounts so determined. If the difference between the amounts so determined shall exceed ten percent (10%) of the lesser of such amounts, either party may request the appointment of Experts pursuant to Article XXXIV.

  • Determination of Fair Market Value For purposes of this Section 10.2, “fair market value” of a share of Common Stock as of a particular date (the “Determination Date”) shall mean:

  • Rental Value Lessor shall also obtain and keep in force during the term of this Lease a policy or policies in the name of Lessor, with loss payable to Lessor and any Lender(s), insuring the loss of the full rental and other charges payable by all lessees of the Building to Lessor for one year (including all Real Property Taxes, insurance costs, all Common Area Operating Expenses and any scheduled rental increases). Said insurance may provide that in the event the Lease is terminated by reason of an insured loss, the period of indemnity for such coverage shall be extended beyond the date of the completion of repairs or replacement of the Premises, to provide for one full year's loss of rental revenues from the date of any such loss. Said insurance shall contain an agreed valuation provision in lieu of any co-insurance clause, and the amount of coverage shall be adjusted annually to reflect the projected rental income, Real Property Taxes, insurance premium costs and other expenses, if any, otherwise payable, for the next 12-month period. Common Area Operating Expenses shall include any deductible amount in the event of such loss.

  • Allocation of Direct Expenses The parties acknowledge that the Building is a part of a multi-building project and that the costs and expenses incurred in connection with the Project (i.e., the Direct Expenses) should be shared between the Building and the other buildings in the Project. Accordingly, as set forth in Section 4.2 above, Direct Expenses (which consist of Operating Expenses and Tax Expenses) are determined annually for the Project as a whole, and a portion of the Direct Expenses, which portion shall be determined by Landlord on an equitable basis, shall be allocated to the Building (as opposed to other buildings in the Project). Such portion of Direct Expenses allocated to the Building shall include all Direct Expenses attributable solely to the Building and a pro rata portion of the Direct Expenses attributable to the Project as a whole, and shall not include Direct Expenses attributable solely to other buildings in the Project.

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