Common use of Tenant’s Pro Rata Share Clause in Contracts

Tenant’s Pro Rata Share. Tenant’s Pro Rata Share shall be calculated by dividing the Premises Rentable Area by the Property Rentable Area, which is leased or held for lease by tenants, as of the date on which the computation shall be made. Tenant’s Initial Pro Rata Share is set forth in Section 1.08 and is subject to adjustment based on the aforementioned formula.

Appears in 4 contracts

Samples: Lease (LENSAR, Inc.), And Attornment Agreement (Universal Power Group Inc.), Lease (LENSAR, Inc.)

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Tenant’s Pro Rata Share. Tenant’s Pro Rata Share shall be is calculated by dividing the rentable square foot area on the Premises Rentable Area by the Property Rentable Area, which is leased or held for lease by tenantsrentable square foot area of the Building, as of the date on which of the computation shall be madecomputation. Tenant’s Initial Pro Rata Share is initially as set forth in Section 1.08 and Article 1 is subject to adjustment based on by Landlord if the aforementioned formularentable square footage of the Premises or the Building changes.

Appears in 1 contract

Samples: Parking License Agreement (Alexion Pharmaceuticals Inc)

Tenant’s Pro Rata Share. Tenant’s Pro Rata Share shall be calculated by dividing the Premises Rentable Area by the Property Rentable Area, which is leased or held for lease by tenants, as of the date on which the computation shall be made. Tenant’s Initial Pro Rata Share is set forth in Section 1.08 and is subject to adjustment based on the aforementioned formula. Notwithstanding anything else contained in this Lease to the contrary, Tenant’s Pro Rata Share shall not at any time exceed the Initial Pro Rata Share.

Appears in 1 contract

Samples: Spinal Elements Holdings, Inc.

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Tenant’s Pro Rata Share. Tenant’s 's Pro Rata Share shall be calculated by dividing the Premises Rentable Area by the Property Rentable Area, which is leased or held for lease by tenants, as of the date on which the computation shall be made. Tenant’s 's Initial Pro Rata Share is set forth in Section 1.08 and is subject to adjustment based on the aforementioned formula.and

Appears in 1 contract

Samples: Work Letter Agreement (Galaxy Foods Co)

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