Tenant’s Percentage definition

Tenant’s Percentage means the quotient of the rentable area of the Premises divided by the rentable area of the Building, which is currently thirty-seven and thirty-six hundredths percent (37.36%). In the event of any changes in either or both of the rentable area of the Premises or the rentable area of the Building, the Tenant's Percentage shall be appropriately modified.

Tenant’s Percentage. 3.13% which is based on the 2,440 Rentable Square Feet (RSF) the Premises over the total RSF of the Building and shall be adjusted if the RSF of the Building shall increase or decrease.

Tenant’s Percentage as defined in Paragraph 1.L. of the Original Lease and "Tenant's Share", as defined in Paragraph 4.A.(ii) of the Original Lease shall mean “20.88%”, and all references in the Lease to “Tenant’s Share” and "Tenant's Percentage" shall mean “20.88%”. 7.

Examples of Tenant’s Percentage in a sentence

• Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Taxes, such monthly amounts to be sufficient to provide Landlord, by the time real estate tax payments are due and payable to any governmental authority responsible for collection of same, a sum equal to the Tenant’s Percentage of Taxes, as reasonably estimated by Landlord from time to time on the basis of the most recent tax data available.

• Tenant shall pay to Landlord, as additional rent, for each tax period partially or wholly included in the term, Tenant’s Percentage of Taxes (as hereinafter defined).

• The initial calculation of the monthly estimated payments shall be based upon the Initial Estimate of Tenant’s Percentage of Taxes for the Tax Year and upon quarterly payments being due to the governmental authority on August 1, November 1, February 1 and May 1, and shall be made when the Commencement Date has been determined.

• Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year.

• For the purposes of determining Tenant’s Percentage Share of Escalation Rent, Tenant’s Percentage Share shall be determined on the basis of the number of days during such calendar year at each such Percentage Share.

More Definitions of Tenant’s Percentage

Tenant’s Percentage means the percentage equivalent to the ratio of the Leased Premises Square Footage divided by the Total Building Square Footage, which may be adjusted upon any change in the Leased Premises Square Footage or Total Building Square Footage, but will not be adjusted based upon the degree of occupancy of the Project.

Tenant’s Percentage means the percentage set forth in Section 1.13; provided, however, that Landlord reserves the right from time to time during the Term of this Lease to recalculate Tenant’s Percentage, in which case Tenant’s Percentage shall mean that numeric figure obtained by dividing the Rentable Square Feet of the Premises, as adjusted pursuant to Section 2.2, by the total Rentable Square Feet of the Building.

Tenant’s Percentage means the percentage computed from time to time by dividing the rentable area of the Leased Premises by the rentable area of the Building. In the event that either the rentable area of the Leased Premises or the rentable area of the Building is changed, Tenant's Percentage will be appropriately adjusted and, as to the Expense Year in which such change occurs, Tenant's Percentage shall be determined on the basis of the number of days during such Expense Year at each such percentage. Notwithstanding anything contained in this Lease to the contrary, unless the remainder of the Building is developed and leased for office use, the rentable square footage of the remainder of the Building will not be included in calculating the Tenant's Percentage and the operating expenses for such portion of the Building shall not be included in calculating the Operating Expenses to be paid by the Tenant under this Lease. In the event the Parking Area is part of a larger area made available for the use of tenants in one or more buildings comprising the Foundry Complex on adjacent land owned by the Landlord or an affiliated entity, its successors or assigns, and in the event the Landlord desires to allocate and xxxx Operating Expenses based upon such larger parking parcel(s), for purposes of calculating the payment by the Tenant with respect to Operating Expenses, the aforesaid rentable area formula shall be utilized to determine the Tenant's Percentage of the Operating Expenses applicable to the Building and the Land, with the formula to be utilized for the Parking Area as well as the other parking areas relating thereto (including the larger parking area of which the Parking Area is a portion) to be as follows: In order to calculate the Tenant's Percentage with respect to the Parking Area, the Landlord shall multiply the number of parking spaces which the Tenant is entitled to utilize in the applicable parking lots by five hundred (500) square feet per parking space and then divide the resulting number by the total square footage of the land in the applicable parking lots which comprise the parcel(s) involved. It is the intention and agreement of the parties that the Tenant shall pay, as the Tenant's Percentage of Operating Expenses relating to the Parking Area, the percentage that the square footage of the parking spaces available to the Tenant (calculated as aforesaid) bears to the total square footage of the parcel(s) comprising the applicable total parking area from time t...

Tenant’s Percentage. Tenant's percentage of the Building on a Rentable Square Foot basis, which initially is 1.7639%, subject to final determination as provided in Exhibit "B" and Exhibit "D".

Tenant’s Percentage. Total rentable area in the above building is square feet, and Tenant's proportionate share is percent (known as Tenant's Percentage).

Tenant’s Percentage means that portion of the total rentable area of the Project occupied by Tenant as set forth as a percentage in Section 1. --------------------------------------------------------------------------------

Tenant’s Percentage. Fifty percent (50%), subject to the provisions of Section 2.4.