Common use of Shared Area Clause in Contracts

Shared Area. The lunchroom, large conference room, and small conference room near the front entrance, together constituting 1,580 square feet and as more specifically depicted on Exhibit A, shall be shared area for the use of all building tenants (“Shared Area”). Tenant shall have the sole right to convert the Shared Area into Tenant’s Leased Premises at any time during the Term of this Lease (“Conversion Right”). If Tenant should exercise the Conversion Right, the Tenant’s Leased Premises shall consist of 13,021 (the sum of the original useable square feet, 11,441, and the square feet in the Shared Area, 1,580) rentable square feet and rent payments shall be calculated based on 13,021 square feet.