Building Proportionate Share definition

Building Proportionate Share means a percentage, the numerator of which shall be the number of rentable square feet of floor area of the Premises as set forth in Paragraph 1.2 above (37,500) and the denominator of which shall be the number of rentable square feet of floor area of Buildings on Lots Number 8 & 9 referred to in Paragraph 1.2 above of which the Premises are a part as it may be expanded or contracted from time to time, computed from the center line of all interior partition walls and from the exterior face of all exterior walls. At the time of the execution of this Lease that denominator number is Thirty Seven Thousand Five Hundred (37,500).
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Building Proportionate Share means a fraction, the numerator of which is the Total Rentable Area in the Building and the denominator of which is the Total Rentable Area in that part or those parts of the Project which share a Shared Common Facility, or such other fraction as the Landlord in its sole discretion acting reasonably determines is appropriate.
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Building Proportionate Share means 100% of the total;
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Examples of Building Proportionate Share in a sentence

  • The aforesaid Excluded Items shall be deducted before the cap is applied to the determination of Tenant's Building Proportionate Share and Tenant's Site Proportionate Share, as the case may be, of increases for Operating Expenses and Tenant shall pay its actual Building Proportionate Share and Tenant's Site Proportionate Share, as the case may be, of increases for Operating Expenses for each year for all such Excluded Items.

  • Currently Landlord estimates the denominator of the fraction to be 31,341 Leasable Square Feet as of the Effective Date hereof, resulting in Tenant's Building Proportionate Share to be 79.6%.

  • Notwithstanding anything to the contrary, Landlord may not recover more than 100% of the Tenant's Building Proportionate Share and Tenant's Site Proportionate Share of Operating Expenses from Tenant in any calendar year, subject to adjustment as provided in Paragraph 6.8 of the Original Lease.

  • Notwithstanding the foregoing, Tenant shall reimburse Landlord Tenant's Building Proportionate Share of the cost to (i) repair and maintain the roof of the Building after the tenth (1Oth) Lease Year, excluding the gutters and down spouts, and (ii) the annual amortized cost of any roof replacements to the Building after the fifteenth (15th) Lease Year, such amortization to be based upon the useful life of the roof (based on generally accepted accounting principles).

  • Commencing on the Expansion Commencement Date, (i) the rentable square footage of the Expansion Premises shall be deemed to be 38,003 square feet; (ii) the rentable square footage of the entire Premises shall be deemed to be 82,346 square feet; (iii) Tenant’s Building Proportionate Share with respect to the entire Premises shall be deemed to be 19.73%; and (iv) Tenant’s Non-PO Proportionate Share with respect to the entire Premises shall be deemed to be 20.55%.

  • From and after the date hereof, all “Site Operating Expenses” shall be deemed to be “Building Operating Expenses” and the Tenant’s Site Proportionate Share shall be deemed equal to the Tenant’s Building Proportionate Share.

  • If Landlord so elects not to sub-meter said utilities, Tenant shall pay to Landlord Tenant's Building Proportionate Share of utilities for the Building.

  • If any audit conducted by Tenant pursuant to Paragraph 6.7 of the Lease reveals fraud or that the amount of the Building Operating Expenses or the Site Operating Expenses billed to Tenant is more than 5% in excess of Tenant’s Building Proportionate Share of actual Building Operating Expenses or Tenant’s Site Proportionate Share of actual Site Operating Expenses, then Landlord shall pay the reasonable costs and expenses incurred by Tenant in connection with such audit, not to exceed $2,500.00.

  • From and after the Effective Date, Tenant’s Building Proportionate Share shall be 50.1257% and Tenant’s Site Proportionate Share shall be 25.1006%.

  • From and after the Surrender Date, Tenant’s Building Proportionate Share shall be 34.817%, it being expressly agreed that from and after the Surrender Date, Tenant shall not have any obligation for Building Operating Expenses with respect to the Surrendered Premises nor shall it be obligated to carry insurance with respect to the Surrendered Premises.


More Definitions of Building Proportionate Share

Building Proportionate Share means a fraction, the numerator of which is the total square footage of the Building and the denominator of which is the rentable square footage of the Project. Operating Expenses shall not include the cost of providing tenant improvements or other specific costs incurred for the account of, separately billed to and paid by specific tenants of the Building or Project, the initial construction cost of the Building, or debt service on any mortgage or deed of trust recorded with respect to the Project other than pursuant to Paragraph 7.A.(3)(b) above. Notwithstanding anything herein to the contrary, in any instance wherein Tenant uses excessive services of the Project or otherwise creates a greater burden on the operations of the Project than other tenants (such determination to be adjusted based on relative square footage of the space leased by Tenant and other tenants) Landlord shall have the right to allocate any such additional cost in any manner Landlord deems reasonably appropriate. If any other tenant of the Building uses excessive services or otherwise creates a greater burden on the operations of the Building, Landlord shall allocate any such additional cost to such tenant as reasonably determined by Landlord. Notwithstanding anything in the definition of Operating Expenses in this Lease to the contrary, Operating Expenses shall not include the following, except to the extent specifically permitted by a specific exception to the following:
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Building Proportionate Share. A percentage which, when expressed as a fraction, has as a numerator the Total Rentable Area of the Premises, and as a denominator the Total Rentable Area of Building. Initially 22.70 %.
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Related to Building Proportionate Share

  • Tenant’s Proportionate Share is, subject to the provisions of this Paragraph 3, the percentage number described in Item 4 of the Basic Lease Provisions. Tenant's Proportionate Share represents a fraction, the numerator of which is the number of square feet of Rentable Area in the Premises and the denominator of which is the number of square feet of Rentable Area in the Project, as determined by Landlord pursuant to Subparagraph 2(d) above.

  • Proportionate Share means, with respect to any Lender, the percentage obtained by dividing (a) the sum of the Commitment (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of such Lender then in effect by (b) the sum of the Commitments (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of all Lenders then in effect.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following: (i) The operation, repair and maintenance, in neat, clean, good order and condition, of the following:

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”