First Floor Space Sample Clauses

The 'First Floor Space' clause defines and designates a specific area on the first floor of a building that is subject to the terms of the agreement. This clause typically identifies the exact location, boundaries, and square footage of the space, and may include references to floor plans or diagrams for clarity. By clearly specifying which portion of the first floor is involved, the clause ensures both parties understand the precise premises being leased or used, thereby preventing disputes over space allocation and usage rights.
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First Floor Space. Commencing on the Expansion Premises Commencement Date, Tenant shall pay Base Rent with respect to the First Floor Space in the amount of $[***] per rentable square foot of the First Floor Space per year. On each anniversary of the Expansion Premises Commencement Date, (each, an “Expansion Premises Adjustment Date”), Base Rent payable with respect to the First Floor Space shall be increased by multiplying the Base Rent payable with respect to the First Floor Space immediately before such Expansion Premises Adjustment Date by [***]% and adding the resulting amount to the Base Rent payable with respect to the First Floor Space immediately prior to such Expansion Premises Adjustment Date. Base Rent adjustments for the First Floor Space for any fractional calendar month shall be prorated.
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First Floor Space. The First Floor Space consists of eighteen thousand seventy-one (18,071) rentable square feet of space on the first floor of the Building and includes shaft and/or mechanical space in the basement and on the first, second, third, fourth, fifth and penthouse levels of the Building. The Rent Commencement Date for the First Floor Space is June 7, 2008.
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First Floor Space. (a) Landlord hereby leases to Tenant and Tenant hereby hires from Landlord the First Floor Space for a term (the "Additional Space Term") to commence on the First Floor Space Commencement Date and ending on the Expiration Date, unless the Term shall sooner cease and terminate as provided in the Lease. Effective as of the First Floor Space Commencement Date, and except as set forth herein, all references in the Lease to the "demised premises" shall be deemed to include the First Floor Space and the provisions and conditions of the Lease shall apply to the First Floor Space with the same force and effect as if such space were leased to Tenant together with the "demised premises" originally demised to Tenant under the Lease. For the period commencing on the First Floor Space Possession Date and ending on the date immediately preceding the First Floor Space Commencement Date (the "Preparation Period") Tenant shall be entitled to occupy the First Floor Space for the purpose of performing Tenant's initial work therein and, upon completion of such work, for the purposes expressly permitted pursuant to Article 5 of the Lease. Tenant's occupancy of the First Floor Space during the Preparation Period shall be subject to all of the terms and conditions of the Lease (including, without limitation, Tenant's indemnification obligation pursuant to Article 38 of the Lease and Tenant's obligation to maintain insurance pursuant to Section 9.09 of the Lease, but excluding Tenant's obligation to pay basic annual rent pursuant to Article 1 of the Lease and Taxes and Operating Expenses pursuant to Article 3 of the Lease). (b) Tenant hereby agrees to pay to Landlord basic annual rent for the First Floor Space as follows: (i) for the period commencing on the First Floor Space Commencement Date and ending on September 14, 2004 (the "First Rent Period") at the annual rate of FOUR HUNDRED FORTY-NINE THOUSAND SIX HUNDRED SIXTEEN AND 00/100 DOLLARS ($449,616.00), payable in equal monthly installments of THIRTY-SEVEN THOUSAND FOUR HUNDRED SIXTY-EIGHT AND 00/100 DOLLARS ($37,468.00); and (ii) for the period commencing on September 15, 2004 and ending on the Expiration Date (the "Second Rent Period"), at the annual rate of FOUR HUNDRED NINETY-SIX THOUSAND NINE HUNDRED FORTY-FOUR AND 00/100 DOLLARS ($496,944 00), payable in equal monthly installments of FORTY-ONE THOUSAND FOUR-HUNDRED TWELVE AND 00/100 DOLLARS ($41,412.00). (c) From and after the First Floor Space Commencement Date, Tenan...
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First Floor Space. (a) Effective as of May 1, 2000 (the “First Floor Space Commencement Date”), (i) Tenant shall lease the space described on Exhibit A-1 annexed hereto, all or substantially all of which shall be vertically contiguous to the second floor portion of the Premises and accessible directly from the exterior of the Building by a separate entrance and corridor that is comparable to the existing entrances to the Building, (the “First Floor Space”) on the terms and conditions hereinafter set forth, (ii) this Lease, subject to the provisions of this Article 11, shall be extended to cover the First Floor Space with the same force and effect as if the First Floor Space had been originally included in the Premises, and (iii) this Lease shall be deemed amended as follows: (A) The “Premises” as used in this Lease shall include the First Floor Space. (B) Section 2.02 hereof shall be modified to provide that the Base Rent for the First Floor Space only shall be the greater of (1) 90% of the annual fair market fixed rent for the First Floor Space determined pursuant to Section 9.01(g) hereof, to the extent applicable to the First Floor Space for the unexpired Term, and (2) the product of 25,000 multiplied by the Base Rent payable by Tenant per rentable square foot for the remainder of the Premises on the First Floor Space Commencement Date. (C) The “Tenant’s Percentage” shall be increased by 20.9% to appropriately reflect the incorporation of the First Floor Space into the Premises. (D) Landlord shall contribute an amount up to $800,000 multiplied by the fraction the numerator of which is the number of full months remaining in the Term on May 1, 2000, and the denominator of which is 120 (the “First Floor Contribution”). The First Floor Contribution shall be disbursed by Landlord in the same manner and subject to the same conditions as Landlord’s Contribution is disbursed with respect to the Initial Improvements. (E) Landlord shall install meter(s) to measure the consumption of electricity in the First Floor Space, and, until such time as the meter or meters that measure electricity furnished to the First Floor Space have been installed, Tenant shall pay for electricity at the same rate per rentable square foot of the First Floor Space as Tenant is required to pay for the space originally demised hereunder. (F) Landlord shall perform, at its sole expense, item 1 of Landlord’s Work and all other work reasonably necessary to upgrade all Building mechanical systems, including, wi...
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Related to First Floor Space

  • Expansion Space As used in this paragraph, the term “Expansion Space” means any space in the Building which, at any time during the Lease Term, is occupied by a Person other than Landlord under a written lease with Landlord, and the term “Tenant’s Expansion Space” means Expansion Space which Tenant has elected to lease as provided in this paragraph. Landlord agrees to notify Tenant promptly after Landlord learns that any Expansion Space is or will become available. Subject to the prior rights of other tenants to whom Landlord has granted substantially similar rights, Tenant has the option to lease any Expansion Space which Landlord notifies Tenant is or will become available. If Tenant gives Landlord notice of its exercise of this option within thirty (30) days after notification from Landlord of the availability of the Expansion Space and if no Event of Default exists when Tenant’s notice is given, this Lease will be deemed to be amended to include Tenant’s Expansion Space as part of the Premises for the remainder of the Lease Term upon all of the same terms contained in this Lease except that (i) the Rentable Area of the Premises will be amended to include Tenant’s Expansion Space; (ii) Tenant’s Share will be increased to include the rentable area of Tenant’s Expansion Space; (iii) the Term Commencement Date with respect to Tenant’s Expansion Space will be the earlier of sixty (60) days after the date on which Tenant’s Expansion Space becomes vacant and ready for occupancy (provided that date is at least sixty (60) days after Tenant exercises its option to lease the Expansion Space), or the date on which the Expansion Space is first occupied by Tenant; (iv) if Tenant’s Expansion Space contains a rentable area of 10,000 square feet or more, and if there are less than three (3) Lease Years remaining in the Lease Term, the Lease Term will be extended to include three (3) full years from the Term Commencement Date with respect to Tenant’s Expansion Space; and (v) subject to adjustment during each Fixed Rental Period as provided in Exhibit E, Basic Rent for each year of the remaining Lease Term (as it may be extended) will be the greater of (a) the Basic Rent last paid by the Person most recently occupying Tenant’s Expansion Space or (b) Market Rent determined as provided in the Rent Rider attached as Exhibit E. If Tenant exercises this option, Tenant’s Expansion Space will be leased to Tenant in its “as is” condition and Tenant will, at its expense and in compliance with the provisions of Section 7.06, design and construct all Improvements desired by Tenant for its use and occupancy. Landlord and Tenant agree to execute such amendments to this Lease and other instruments as either of them considers necessary or desirable to reflect Tenant’s exercise of this option.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Additional Premises Landlord shall use commercially reasonable efforts to expand the Premises to include an additional fifteen thousand four hundred ten (15,410) square feet of Rentable Area located on the first (1st) floor, as shown on Exhibit A attached hereto (the “Additional Premises”) on July 1, 2012 (the “Additional Premises Delivery Date”). In the event Landlord determines the Additional Premises will be ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, within ten (10) business days prior to the Additional Premises Delivery Date, Landlord and Tenant shall enter into a written amendment to the Lease, which amendment shall provide, unless otherwise agreed in writing, (a) that the commencement date of the Additional Premises shall be the Additional Premises Delivery Date (the “Additional Premises Commencement Date”), (b) that, as of the Additional Premises Commencement Date, the Premises under the Lease shall be increased to include the Additional Premises for a total of sixty-one thousand four hundred forty-four (61,444) square feet of Rentable Area (together, the Premises and the Additional Premises shall be referred to hereinafter as the “Total Premises”), (c) the new Basic Annual Rent applicable to the Total Premises, which shall commence on the Additional Premises Commencement Date and shall be as further described in Section 4.2 of this Amendment, (d) Tenant’s new Pro Rata Share of Operating Expenses as of the Additional Premises Commencement Date, which Pro Rata Share shall equal one hundred percent (100%) of the Building and thirty-three and 51/100 percent (33.51%) of the Project and (e) that, in addition to the parking which Tenant is entitled to under the terms of the Lease with respect to the original Premises, Tenant, for so long as Tenant leases the Additional Premises, shall have a non-exclusive license to use the parking facilities serving the Building in common on an unreserved basis with other tenants of the Building and the Project at a ratio of 3.3 parking spaces per 1,000 rentable square feet of Additional Premises, which amounts to fifty-one (51) additional parking spaces, which number shall include three (3) additional Reserved Spaces. In the event the Additional Premises is not ready for delivery to Tenant in the Required Condition on the Additional Premises Delivery Date, then (x) this Amendment and the Lease shall not be void or voidable, (y) Landlord shall not be liable to Tenant for any loss or damage resulting therefrom and (z) the new Basic Annual Rent applicable to the Premises shall be as further described in Section 4.3 of this Amendment.

  • Existing Premises Notwithstanding anything to the contrary in the Lease as hereby amended, Tenant shall continue to pay Base Rent for the Existing Premises in accordance with the terms of the Lease.

  • Storage Space 37.1. Subject to the provisions of this Article 37 and the provisions of Articles 11, 15, 16, and 25 of this Lease, Landlord hereby leases to Tenant approximately 400 RSF of storage space (“Storage Space”) on the Concourse Level of the Building in the approximate location as depicted on Exhibit “H”. 37.2. Tenant’s right to use the Storage Space will commence on the Commencement Date and terminate on the earlier of (i) 30 days’ prior written notice terminating Tenant’s lease of the Storage Space from either Landlord or Tenant to the other, or (ii) the expiration or earlier termination of the Term of this Lease. 37.3. During the Term, monthly rent for the Storage Space will be $500.00 ($15.00 per RSF) (“Storage Space Rent”), which will be payable in advance, without notice, on the first day of each month during the Term, at same place and in the same manner as the payment of Fixed Rent. 37.4. Tenant agrees to pay monthly, as Additional Rent, for electricity service usage by Tenant in the Storage Space, the cost of which is initially estimated to be $1.75 per RSF (per annum). 37.5. Tenant will use the Storage Space only for the storage and use of Tenant’s compressor unit and vacuum system subject to compliance by Tenant with the following conditions: (i) no noise in the Storage Space which, in the reasonable judgment of Landlord, might disturb other tenants or occupants of the Building will be made or permitted by Tenant, (ii) nothing will be done or permitted in the Storage Space by Tenant which would impair or interfere with the use or enjoyment of other portions of the Building by any tenant or occupant thereof, and (iii) the use of Tenant’s compressor in the Storage Space will be permitted by, and will be in compliance with, all applicable Laws. Tenant will use the Storage Space in a careful, safe and proper manner and install, at its sole cost and expense, any sound attenuation measures required to ensure that no noise will emanate from the Storage Space which might disturb other tenants or occupants of the Building. Tenant will not overload the floor of the Storage Space and agrees to be fully liable for any damages or losses sustained by Landlord as a result of any overloading by Tenant. Tenant will pay Landlord on demand for any damage to the Storage Space caused by misuse or abuse by Tenant, its agent or employees, or any other person entering the Storage Space under express or implied invitation of Tenant. Tenant will not utilize or permit the Storage Space to be used for any purposes prohibited by any applicable Laws. Tenant will not commit waste nor permit waste to be committed nor permit any nuisance in the Storage Space. 37.6. Landlord will provide a lock and key for the Storage Space; however, Tenant agrees that all property of Tenant kept, stored, or used in the Storage Space will be at the sole risk of Tenant and that Landlord will not be liable for any injury or damage to such property. Tenant will carry and maintain, at Tenant’s expense, insurance covering all property and equipment stored, used, or both in the Storage Space. On the Commencement Date Tenant will accept the Storage Space in its then “as-is” condition, without any further improvement by Landlord. Landlord makes no warranty or representation that the Storage Space will be suitable for any particular purpose. 37.7. Tenant will not sublease all or a portion of the Storage Space or assign its right to Lease the Storage Space. 37.8. Landlord reserves the right to relocate the Storage Space to substantially comparable space in the Building in close proximity to the Premises provided that the ability of the central utility delivery systems can deliver “product”, e.g., nitrogen gas, compressed air, to Tenant’s laboratory is unaffected by any relocation. Landlord will give Tenant a written notice of its intention to relocate the Storage Space and in such event Tenant will complete a relocation within 30 days after receipt of written notice. Landlord agrees to reimburse Tenant for its actual reasonable moving costs to such other storage space within the Building.