Common use of Common Use Formula Clause in Contracts

Common Use Formula. “Common Use Formula” is a formula for calculating the appropriate charges to be levied on each tenant occupying the Rental Car Facility leasing Common Use Space, whereby each tenant of the Rental Car Facility shall pay that proportion of the rent attributable to the Common Use Space as its Exclusive Space bears to the total amount of Exclusive Space leased by all tenants of the Rental Car Facility.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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