Common use of Partial Year Clause in Contracts

Partial Year. If this Lease expires or terminates on a date other than the last day of a Comparison Year, Tenant’s Tax Share and Tenant’s Expense Share for such Comparison Year shall be prorated according to the ratio that the number of days during said Comparison Year that the Lease was in effect bears to 365.

Appears in 1 contract

Sources: Standard Office Lease (Pacific Crest Capital Inc)

Partial Year. If this Lease expires or terminates on a date other than the last day of a Comparison Year, Tenant’s Lessee's Tax Share and Tenant’s Lessee's Expense Share for such Comparison Year shall be prorated according to the ratio that the number of days during said Comparison Year that the Lease lease was in effect bears to 365.

Appears in 1 contract

Sources: Office Lease (Sangui Biotech International Inc)