Gross Rentable Area definition

Gross Rentable Area as used herein, shall refer to all area measured from the outside surface of the outer glass or finished walls of the building to the outside surface of the opposite outer wall, glass, or in the case of multi-tenant floors, to the midpoint of the walls separating the Leased Premises of adjacent tenants. The term "Gross Rentable Area" includes a pro rata share of all common areas and facilities of the Building, but not limited to, bathrooms, hallways and service facilities, the rent and expenses of which are to be shared by Tenant proportionately. No deductions from Gross Rentable Area are made for columns or projections necessary to the Building. The Gross Rentable Area in the Leased Premises has been calculated on the basis of the foregoing definition and is hereby stipulated for all purposes hereof to be 4,872± square feet, whether the same should be more or less as a result of minor variations resulting from actual construction and completion of the Leased Premises for occupancy so long as such work is done substantially in accordance with the approved plans.

Gross Rentable Area or “GRA” means, in connection with the Premises, the area of the Premises expressed in square feet (or square meters) and measured in accordance with BOMA 1996 methods. Gross Rentable Area in connection with the Building means the total of the Gross Rentable Areas of all leased and leasable space (excluding space comprising Common Areas in the Building), measured and calculated for each particular space as mentioned above.

Gross Rentable Area means, in respect of a property, that portion of the Gross Floor Area of the relevant property determined by the Property Manager at any given time to be rentable.

Examples of Gross Rentable Area in a sentence

• For purposes of this Lease, “Tenant’s Proportionate Share” for Operating Costs has been calculated to be that percentage that is equal to a fraction, the numerator of which is the number of square feet of Gross Rentable Area in the Premises, and the denominator of which is the number of square feet of the Gross Rentable Area set forth in the Basic Lease Information.

• The Lessee's proportionate share shall be determined by the relationship that the Gross Rentable Area of the demised premises bears to the Gross Rentable Area of the building excluding the floor area of the vehicle parking area or areas designated by the Lessor as for storage only, (hereinafter called the Lessee's proportionate share).

• Tenant’s Proportionate Share for Real Estate Taxes has been calculated to be that percentage that is equal to a fraction, the numerator of which is the number of square feet of Gross Rentable Area of the Premises, and the denominator of which is the number of square feet of the Gross Rentable Area of the Building as set forth in the Basic Lease Information.

• During the term of the Lease with respect to any Advice Space, Tenant shall be entitled to 3.8 Parking Spaces per 1,000 square feet of Gross Rentable Area of the Advice Space, subject to the provisions of Section 1.2 of this Lease.

• The Gross Rentable Area of the Premises set forth in the Basic Lease Information is deemed to be the Gross Rentable Area of the Premises for purposes of this Lease, and is final and binding on Landlord and Tenant, and Tenant shall have no right to remeasure the Gross Rentable Area of the Premises.

More Definitions of Gross Rentable Area

Gross Rentable Area. With respect to any portion of the Real Estate, the floor area of a Building (exclusive of common areas) available for leasing to tenants determined in accordance with the Rent Roll for such Real Estate, the manner of such determination to be consistent for all Real Estate unless otherwise approved by the Agent. GUARANTEED PENSION PLAN. Any employee pension benefit plan within the meaning of Section 3(2) of ERISA maintained or contributed to by the Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multi-employer Plan.

Gross Rentable Area means the number of square feet of floor area determined by the Landlord’s Expert.

Gross Rentable Area of the Premises shall mean the aggregate floor areas within the exterior faces of all exterior walls, but only to the centerline of any common party walls between two leasable areas, including the main floors, basements, mezzanines and upper floors, if any, with no reductions or exclusions for stairways, elevators, escalators, support columns, interior partitions or other improvements or equipment of any kind. Further, the floor area of any mezzanines constructed within the Premises shall be added to said Gross Rentable Area upon completion of construction. Any changes in the Gross Rentable Area of the Premises occurring during any calendar month shall become effective on the first day of the following month. The Gross Rentable Area of the Center shall mean all similar areas within the Center owned by Landlord and constructed for occupancy by tenants.

Gross Rentable Area mean measurements prepared pursuant to the BOMA Standards. LEASE COMMENCEMENT DATE: June 15, 2006 and to be confirmed in the form of Exhibit E. LEASE EXPIRATION DATE: Expiration of the initial seven (7) year Term measured from the Lease Commencement Date and to be confirmed in the form of Exhibit E to this Lease. TERM: Seven (7) years. EXTENSION TERM: One (1) Extension Term of five (5) years. BASE RENT: Month Rent 1—12 $ 52,427.52/month 13—24 $ 76,161.60/month 25—36 $ 77,932.80/month 37—48 $ 79,704.00/month 49—60 $ 81,475.20/month 61—72 $ 83,246.40/month 73—84 $ 85,017.60/month

Gross Rentable Area means, with respect to rentable premises in the Building, the area in square feet of all space in such premises, and measured from the exterior face of all exterior walls, doors and windows, to the centre line of partitions separating rentable premises from each other and to the outside of partitions separating rentable premises from interior enclosed corridors in the Building (if any). Such area of rentable premises shall include all areas such as enclosed vestibules and enclosed or roofed shipping and receiving areas, whether or not recessed within the boundary line of exterior walls and a proportionate share of any interior Common Areas, as well as any mezzanine or second floor space. GROSS RENTABLE AREA OF THE BUILDING

Gross Rentable Area shall take the meanings found in the New "BOMA International Standards of Measurement".

Gross Rentable Area and "Net Rentable Area" mean the number of square feet of floor area determined in accordance with the method of floor measurement set. forth in Schedule A attached hereto.