Phase I Premises definition

Phase I Premises. The space defined in Section 1.1.

Phase I Premises. Subject to Section 1.1.1, approximately 57,681 rentable square feet of space (which is based on the usable square footage of the Phase I Premises per BOMA Industrial Buildings: Standard Methods of Measurement (ANSI Z65.2 – 2012) (Method A) plus an applied 12% load factor to such usable square footage, the “BOMA Standard”), comprising “Phase I” of the Property (as hereinafter defined). The outline and general location of the Phase I Premises as of the Effective Date is set forth in Exhibit A to this Lease.

Phase I Premises consisting of approximately 25,336 square feet designated as the “Tenant 8” space on Exhibit A-2 attached hereto, together with approximately 3,240 square feet designated as the “Tenant 2” space on Exhibit A-2 to be used by Tenant for office and employee welfare, containing a total of approximately 28,576 square feet; the “Phase II Premises” containing approximately 31,740 square feet as shown on Exhibit A-2 attached hereto; and the “Phase III Premises” containing approximately 100,621 square feet as shown on Exhibit A-2 attached hereto, totaling 160,937 square feet, in the building commonly known as the Creek Road Business Park, 0000-0000 Xxxxx Xxxx, Xxxxxxxxxx, XX 00000 (the “Building”). As used in this Lease, the term “Premises,” when the context so requires, means whatever portion of the Phase I Premises, Phase II Premises, and Phase III Premises is being leased by Tenant hereunder from time to time. Landlord shall complete the Phase I Improvements, Phase II Improvements, and Phase III Improvements (as described on Exhibit B attached hereto) prior to the Phase I Premises Commencement Date, Phase II Premises Commencement Date and, Phase III Premises Commencement Date, respectively. Landlord shall also complete the Additional Improvements (as described on Exhibit B) to the Phase I Premises, Phase II Premises, and Phase III Premises prior to the Phase I Premises Commencement Date, Phase II Premises Commencement Date, Phase III Premises Commencement Date, respectively. Nitrogen Tanks: Beginning on the Phase III Premises Commencement Date and continuing thereafter during the Term of this Lease, Tenant shall be permitted to install, store and use for its business purposes two nitrogen tanks on the west end or in the rear of the Building in a location mutually agreed upon by Landlord and Tenant but in any event sufficiently close to the Premises that the same are practically and economically useable in the business of Tenant being conducted on the Premises.

Examples of Phase I Premises in a sentence

• E[illegible] Its: President & CEO By: Its: EXHIBIT “D” USABLE SQUARE FOOTAGE MEASUREMENTS Usable Area of space within the Phase I Premises is square feet.

• Subject to extension due to events of Force Majeure (hereinafter defined) and Lessee Caused Delays (hereinafter defined), Lessor agrees to use its best commercially reasonable efforts to deliver possession of (i) the Phase I Premises to Lessee by the Phase I Commencement Date, (ii) the Phase II Premises to Lessee by the Phase II Commencement Date, (iii) the Phase III Premises to Lessee by the Phase III Commencement Date; and (iv) the Phase IV Premises to Lessee by the Phase IV Commencement Date.

• When Rent commences for the Phase II Premises the Basic Monthly Rent for the Phase II Premises shall be the same amount per square foot of Rentable Area in the Phase II Premises as that for the Phase I Premises and it shall be adjusted at the same time as the Rent is adjusted for the Phase I Premises regardless of when Rent commences for the Phase II Premises.

• Tenant shall not use or permit the use of the Leased Property or the Phase I Premises for any purpose that is illegal, not consistent with the Permitted Use, or prohibited by Section 4.4 of the Ground Lease.

• Landlord and Tenant agree that Tenant shall, at Tenant’s sole cost and expense, upgrade the carpet in the Office Space, paint the walls in the Office Space and replace the ceiling tiles in the Office Space to match the carpet, walls and ceiling tiles currently in place in the office portion of the Phase I Premises.

More Definitions of Phase I Premises

Phase I Premises shall have the meaning ascribed to such term in the Recitals. “Prior Tenant” has the meaning ascribed to such term in the Recitals.

Phase I Premises shall be comprised of 10,192 rentable (8,071 usable) square feet of space on the third (3rd) floor of the Building commonly known as Suite 325.

Phase I Premises. The “Phase I Premises Term Commencement Date” shall be the Execution Date. Landlord shall deliver possession of the Phase I Premises to Tenant on the Phase I Premises Term Commencement Date. Landlord shall have the Phase I Premises professionally cleaned prior to delivering the Phase I Premises to Tenant.

Phase I Premises means the 281,000 square foot area within the Building labeled as the “Phase I Premises” on the Site Plan, together with that portion of the Common Areas consisting of any parking areas and truck courts expressly reserved for the use by the occupant of the Phase I Premises on the Site Plan.

Phase I Premises. [No longer applicable] Phase II Premises: [No longer applicable] Electricity is separately metered and directly paid by Tenant to the applicable utility provider or, at Landlord's option, to Landlord. Phase I Premises: Approximately 53.8842 Phase II Premises: Approximately 100%

Phase I Premises. A portion of the first (1st) floor of the Building containing 19,236 rentable square feet, in accordance with the floor plan annexed hereto as Exhibit D and incorporated herein by reference.

Phase I Premises means the portion of the Premises consisting of the Phase I Premises Bicycle Space and the 2nd, 5th, 6th, 7th, and 10th floors of the Building.