Common use of Tenant’s Allocable Share Clause in Contracts

Tenant’s Allocable Share. For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant’s Allocable Share of Reimbursable Operating Costs shall be computed by multiplying the Reimbursable Operating Costs by a fraction, the numerator of which is the rentable square footage of the Premises and the denominator of which is either (i) the total rentable square footage of the Building if the service or cost is allocable only to the Building, or (ii) the total rentable square footage of the buildings in the Project if the service or cost is allocable to the entire Project and there are other buildings in the Project, or (iii) the total rentable square footage of the premises of those tenants or occupants that Landlord determines to be benefiting from such service or facility. Tenant’s obligation to share in Reimbursable Operating Costs shall be adjusted to reflect the Lease Commencement Date and Expiration Date and is subject to recalculation in the event of expansion or contraction of the rentable square footage of the Premises, Building or Project.

Appears in 2 contracts

Sources: Lease (Extreme Networks Inc), Lease Agreement (Extreme Networks Inc)

Tenant’s Allocable Share. For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant’s Allocable Share of Reimbursable Operating Costs shall be computed by multiplying the Reimbursable Operating Costs by a fraction, the numerator of which is the rentable square footage of the Premises and the denominator of which is either (i) the total rentable square footage of the Building if the service or cost is allocable only to the Building, or (ii) the total rentable square footage of the buildings in the Project if the service or cost is allocable to the entire Project and there are other buildings in the Project, or (iii) the total rentable square footage of the premises of those tenants or occupants of the Project that Landlord determines to be benefiting from such service or facility. Tenant’s obligation to share in Reimbursable Operating Costs shall be adjusted to reflect the Lease Commencement Date and Expiration Date Dates and is subject to recalculation in the event of expansion or contraction of the rentable square footage of the Premises, Building or Project.

Appears in 1 contract

Sources: Lease Agreement (Palo Alto Networks Inc)

Tenant’s Allocable Share. For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant’s Allocable Share of Reimbursable Operating Costs shall be computed by multiplying the Reimbursable Operating Costs by a fraction, the numerator of which is the rentable square footage of that portion of the Premises as to which the Lease Term has commenced and the denominator of which is either (i) the total rentable square footage of the Building if the service or cost is allocable only to the Building, or (ii) the total rentable square footage of the buildings in the Project if the service or cost is allocable to the entire Project and there are other buildings in the Project, or (iii) the total rentable square footage of the premises of those tenants or occupants of the Project that Landlord determines to be benefiting from such service or facility. Tenant’s obligation to share in Reimbursable Operating Costs shall be adjusted to reflect the Lease Commencement Date and Expiration Date Dates and is subject to recalculation in the event of expansion or contraction of the rentable square footage of the Premises, Building or Project.

Appears in 1 contract

Sources: Lease Agreement (Palo Alto Networks Inc)

Tenant’s Allocable Share. For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant’s Allocable Share of Reimbursable Operating Costs shall be computed by multiplying the Reimbursable Operating Costs by a fraction, the numerator of which is the rentable square footage of the Premises and the denominator of which is either (i) the total rentable square footage of the Building if the service or cost is allocable only to the Building, or (ii) the total rentable square footage of the buildings in the Project if the service or cost is allocable to the entire Project and there are other buildings in the Project. Using the above formula, Tenant's Allocable Share for the Building is 100% and for the Project is 34.48%. Landlord shall equitably allocate some or (iii) the total rentable square footage all of the premises Reimbursable Operating Costs for the Project among different portions or occupants of those the Project to the extent certain expenses are used or enjoyed only by certain tenants or occupants that Landlord determines to be benefiting from such service or facilityof the Project. Tenant’s obligation to share in Reimbursable Operating Costs shall be adjusted to reflect the Lease Commencement Date and Expiration Date and is subject to recalculation in the event of expansion or contraction of the rentable square footage of the Premises, Building or Project, provided the Premises shall not be subject to remeasurement.

Appears in 1 contract

Sources: Lease Agreement (Cutera Inc)