Definition of Building Share

  1. Building Share means, with respect to each Building, the Rentable Area in such Building, divided by the rentable area in the Project, as determined by Landlord in its reasonable discretion. Initially, the Building Share for each Building shall be as shown in the Basic Lease Information, which is calculated based on a total rentable area in the Project, inclusive of the rentable area contained within the Buildings, of 148,593 square feet.

Examples of Building Share in a sentence

  1. In the event of any taking of the Building or the land upon which it stands under circumstances whereby this Lease shall not terminate under the provisions of Article 20 then, Tenants Proportionate Building Share and Tenants Proportionate Common Share shall be adjusted appropriately to reflect the proportion of the Premises and/or the Building remaining after such taking.
  2. (1) Tenants Building Share (Tenants Building Share) means 12.71 percent (12.71% ).
  3. Tenants Building Share: 77.11 % Tenants Phase Share: 6.10 % Tenants Project Share: 3.43 %

Definition of Building Share in Sublease

Building Share means, with respect to each Building, the Rentable Area in such Building, divided by the rentable area in the Project, as determined by Landlord in its reasonable discretion. Initially, the Building Share for each Building shall be as shown in the Basic Lease Information, which is calculated based on a total rentable area in the Project, inclusive of the rentable area contained within the Buildings, of 148,593 square feet.