Common use of Lessee’s Share Clause in Contracts

Lessee’s Share. As of the Second Expansion Commencement Date, -------------- Lessee's Share of Operating Expenses, as set forth in Section 1.6 and 4.2 of the Lease, shall be increased to 29.70%, which percentage has been calculated by the ratio of the rentable square footage of the Premises (including the First Expansion Premises and the Second Expansion Premises) to the total rentable square footage contained in the Building. Lessee shall continue to be liable for Operating Expenses arising prior to the Second Expansion Commencement Date based on Lessee's Share existing prior to the Second Expansion Commencement Date, and for the Operating Expenses arising on and after the Second Expansion Commencement Date based on Lessee's Share applicable on the Second Expansion Commencement Date. Lessee's obligations to pay estimated and actual amounts toward Operating Expenses for the year in which the Second Expansion Commencement Date occurs shall be prorated by Lessor to reflect the different amounts of Lessee's Share during such year.

Appears in 1 contract

Sources: Lease (Signature Eyewear Inc)

Lessee’s Share. As of the Second First Expansion Commencement Date, -------------- Lessee's Share of Operating Expenses, as set forth in Section 1.6 and 4.2 of the Lease, shall be increased to 29.7024.74%, which percentage has been calculated by the ratio of the rentable square footage of the Premises (including the First Expansion Premises and the Second Expansion Premises) to the total rentable square footage contained in the Building. Lessee shall continue to be liable for Operating Expenses arising prior to the Second First Expansion Commencement Date based on Lessee's Share existing prior to the Second First Expansion Commencement Date, and for the Operating Expenses arising on and after the Second First Expansion Commencement Date based on Lessee's Share applicable on the Second First Expansion Commencement Date. Lessee's obligations to pay estimated and actual amounts toward Operating Expenses for the year in which the Second First Expansion Commencement Date occurs shall be prorated by Lessor to reflect the different amounts of Lessee's Share during such year.

Appears in 1 contract

Sources: Lease (Signature Eyewear Inc)