Floor Premises Sample Clauses

The 'Floor Premises' clause defines the specific area or portion of a building that is subject to a lease or agreement. It typically details the exact floor, suite, or section within a multi-tenant property that the tenant will occupy, often referencing a floor plan or square footage. By clearly identifying the leased premises, this clause ensures both parties understand the boundaries of the tenant's rights and responsibilities, thereby preventing disputes over space usage and access.
Floor Premises. Until the 3-5-6 Scheduled Expiration Date, the Lease shall remain in full force and effect as to the 3-5-6 Floor Premises; provided, however, that from and after the Effective Date, Tenant shall pay adjusted Base Rent, Operating Expenses and Tax Expenses with respect to the 3-5-6 Floor Premises in accordance with Section 6 of this Amendment.
View Source
Floor Premises. Tenant may occupy all or a portion of the Premises on the first (1st) floor for the conduct of its business prior to the Commencement Date, but must pay Tenant's Proportionate Share of the Landlord's Operating Expenses as defined in Article 1.18 and Article VI hereof for the period of such occupancy.
View Source
Floor Premises. Immediately upon the Scheduled Expiration Date (sometimes hereinafter referred to as the “3-5-6 Floor Surrender Date”), (i) the Lease shall terminate as to the 3-5-6 Floor Premises (provided, however, that any indemnification obligations and other obligations of Landlord and Tenant under the Lease regarding the 3-5-6 Floor Premises that expressly survive the termination of the Lease shall survive the termination of the Lease as to the 3-5-6 Floor Premises), (ii) Tenant shall surrender and deliver possession of the 3-5-6 Floor Premises to Landlord and deliver to Landlord all keys, card keys and parking passes/cards relating to the 3-5-6 Floor Premises that are in Tenant’s possession or control, (iii) Tenant shall no longer have the right to possession of the 3-5-6 Floor Premises or to have access to the 3-5-6 Floor Premises or the parking passes/spaces relating thereto, and (iv) the term “Premises” as used in the Lease shall thereafter not include the 3-5-6 Floor Premises.
View Source
Floor Premises. Landlord shall provide electricity for lights and plugs in the First Floor Premises, which electricity shall be measured by a meter serving the First Floor Premises together with certain other premises on the first floor of the Building. Tenant agrees to pay Landlord, as Additional Rent, an annual charge for such electrical consumption (the “Tenant Electricity Charge”) payable, on an estimated basis, in twelve (12) equal monthly installments, payable in advance on the first day of each calendar month during the Term hereof, in an amount reasonably estimated by Landlord. The actual Tenant Electricity Charge shall be calculated by multiplying the total annual amount billed to such meter by the applicable utility company by a fraction, the numerator of which is the number of rentable square feet in the First Floor Premises, and the denominator of which is the number of rentable square feet in all areas served by such meter, including the First Floor Premises, which were occupied during the period covered by each such b▇▇▇ (appropriately pro-rated to reflect any partial occupancy). Following the end of each calendar year (or partial calendar year), Landlord shall furnish to Tenant a comparative statement showing Tenant’s actual consumption of electric energy and the amounts paid by Tenant for such electricity on an estimated basis during such year. Based on Tenant’s actual usage, any underpayment by Tenant shall be promptly adjusted by payment to Landlord within thirty (30) days of the balance of any underpayment for such year, and any overpayment by Tenant shall be applied as a credit to the next succeeding monthly installment of the Tenant Electricity Charge. Notwithstanding the foregoing, upon prior written notice to Landlord, Tenant shall have the right, at its sole cost and expense, to install a submeter in the First Floor Premises to measure the electrical consumption in the First Floor Premises.
View Source
Floor Premises 
View SourceView Similar (2)

Related to Floor 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.

  • 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.

  • 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.

  • 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.

  • Subleased Premises Sublandlord does hereby sublease to Subtenant, and Subtenant does hereby sublease and rent from Sublandlord, (i) the Space and (ii) all permanent improvements within the Space constructed by Landlord or by or on behalf of Sublandlord (collectively, the “Subleased Premises”). Subtenant shall have the right to use in common with Sublandlord and others entitled thereto the common areas of the Project pursuant to the Lease. In addition, subject to the terms, covenants and conditions of this Sublease, Subtenant shall have the exclusive right to use during the Sublease Term (defined below), free of charge, the furniture, fixtures and equipment more particularly described on Schedule A annexed hereto and made a part hereof (the “Personal Property”) located in the Space. Subtenant shall have no obligation whatsoever to repair, replace or maintain the Personal Property, unless any damage thereto is caused by the negligence or willful misconduct of Subtenant. Provided that there is no change in the size of the Subleased Premises between the date of this Sublease and the Commencement Date (defined below) (e.g., there has been no change in the size of the Subleased Premises by reason of any damage or destruction to or condemnation of the Subleased Premises), the parties hereby (i) stipulate that the Space shall be deemed to contain approximately 19,997 rentable square feet upon delivery of the Space by Sublandlord to Subtenant (the “Space Measurement”), (ii) agree that neither party shall have any right to dispute the Space Measurement and (iii) waive any claim in connection with the Space Measurement, regardless of whether the Space is found to have contained more or less than 19,997 rentable square feet upon delivery of the Space to Subtenant. Sublandlord represents and warrants for the benefit of Subtenant that the rentable square footage of the Space was not remeasured pursuant to Section 4 of the Second Amendment and that Sublandlord pays Base Rental for the Space under the Lease and Tenant’s Forecast Additional Rental and Tenant’s Additional Rental for the Space under the Lease on the basis of the Space consisting of 19,997 rentable square feet.