Common use of Tenant’s Share of Operating Expenses Clause in Contracts

Tenant’s Share of Operating Expenses. Notwithstanding any provision of the Existing Lease to the contrary, in addition to Tenant’s payment of Rent Adjustment Deposits and Rent Adjustments with respect to the Existing Premises, Tenant shall pay Rent Adjustment Deposits and Rent Adjustments with respect to the Building 2 Space starting on the Building 2 Rent Start Date and continuing during the Building 2 Term, which shall be payable as set forth in the Existing Lease, except that for such purposes Tenant’s Building 2 Share shall be as set forth below, and Tenant’s Phase Share and Tenant’s Project Share shall be modified as set forth below: Tenant’s Building 2 Share: 100.0% Tenant’s Phase 1 Share: 28.712%* (see provision below) Tenant’s Project Share: 16.147%* (see provision below) * If the Term of the Original Premises is not extended, then from the later of such expiration or the date Tenant vacates the Original Premises for the remaining Xxxxxxxx 0 Xxxx, Xxxxxx’s Phase 1 Share shall be reduced by 13.05% and Tenant’s Project Share shall be reduced by 7.33%. If the Term of the 640 Galveston Space is not extended, then from the later of such expiration or the date Tenant vacates the 000 Xxxxxxxxx Space for the remaining Xxxxxxxx 0 Xxxx, Xxxxxx’s Phase 1 Share shall be reduced by 3.112% and Tenant’s Project Share shall be reduced by 1.747%.

Appears in 2 contracts

Samples: Workletter Agreement (Codexis Inc), Workletter Agreement (Codexis Inc)

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Tenant’s Share of Operating Expenses. Notwithstanding any provision of the Existing Lease to the contrary, in addition to Tenant’s payment of Rent Adjustment Deposits and Rent Adjustments with respect to the Existing PremisesBuilding 3 and Building 4, Tenant shall pay Rent Adjustment Deposits and Rent Adjustments with respect to the Building 2 000 Xxxxxxxxx Space starting on the Building 2 Rent Start Date and continuing during the Building 2 Term, which shall be payable 640 Galveston Term as set forth in the Existing Lease, except that for such purposes Tenant’s Building 2 5 Share shall be as set forth below, and Tenant’s Phase Share and Tenant’s Project Share (for the Existing Premises and 000 Xxxxxxxxx Space together totaling 00,000 xxxxxx xxxx xx Xxxxxxxx Xxxx) shall be modified as set forth below: Tenant’s Building 2 5 Share: 100.018.44 % Tenant’s Phase 1 Share: 28.71216.162 %* (see provision below) Tenant’s Project Share: 16.1479.077 %* (see provision below) * If the Term of the Original Existing Premises is not extended, then from the later of such expiration or the date Tenant vacates the Original Premises Existing Premises, and continuing for the remaining Xxxxxxxx 0 Xxxx000 Xxxxxxxxx Term, XxxxxxTenant’s Phase 1 Share shall be reduced by 13.05% to 3.112% and Tenant’s Project Share shall be reduced by 7.33%. If the Term of the 640 Galveston Space is not extended, then from the later of such expiration or the date Tenant vacates the 000 Xxxxxxxxx Space for the remaining Xxxxxxxx 0 Xxxx, Xxxxxx’s Phase 1 Share shall be reduced by 3.112% and Tenant’s Project Share shall be reduced by to 1.747%.

Appears in 2 contracts

Samples: Lease (Codexis Inc), Lease (Codexis Inc)

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Tenant’s Share of Operating Expenses. Notwithstanding any provision of the Existing Lease to the contrary, in addition to Tenant’s payment of Rent Adjustment Deposits and Rent Adjustments with respect to the Existing Premises, Tenant shall pay Rent Adjustment Deposits and Rent Adjustments with respect to the Building 2 101 Saginaw Space starting on the Building 2 101 Saginaw Rent Start Date and continuing during the Building 2 101 Saginaw Term, which shall be payable as set forth in the Existing Lease, except that for such purposes Tenant’s Building 2 101 Saginaw Share shall be as set forth below, and Tenant’s Phase Share and Tenant’s Project Share shall be modified as set forth below: Tenant’s Building 2 1 Share: 100.048.78 % Tenant’s Phase 1 Share: 28.7129.91 %* (see provision below) Tenant’s Project Share: 16.1475.57 %* (see provision below) * If the 501 Chesapeake Extended Term of the Original Premises is not extended, then from the later of such expiration or the date Tenant vacates the Original Premises 501 Chesapeake Space for the remaining Xxxxxxxx 0 XxxxExtended Term, XxxxxxTenant’s Phase 1 Share shall be reduced by 13.053.7% and Tenant’s Project Share shall be reduced by 7.332.08%. If the Term of the 640 Galveston Space is not extended, then from the later of such expiration or the date Tenant vacates the 000 Xxxxxxxxx Space for the remaining Xxxxxxxx 0 Xxxx, Xxxxxx’s Phase 1 Share shall be reduced by 3.112% and Tenant’s Project Share shall be reduced by 1.747%.EXECUTION VERSION

Appears in 1 contract

Samples: Workletter Agreement (Codexis Inc)

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