Definition of Building Share


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

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.
Commencing as of the Term Commencement Date and continuing thereafter with respect to each Tax Year occurring during the term of the Lease, Tenant shall pay to Landlord, with respect to any Tax Period, the sum of: (x) Tenants Proportionate Building Share of Building Taxes for such Tax Period, plus (y) Tenants Proportionate Common Share of Common Area Taxes for such Tax Period, such sum being hereinafter referred to as Tax Share.
Commencing as of the Term Commencement Date and continuing thereafter with respect to each Operating Year occurring during the term of the Lease, Tenant shall pay to Landlord, with respect to any Operating Year, the sum of: (x) Tenants Proportionate Building Share of Building Operating Costs for such Operating Year, plus (y) Tenants Proportionate Common Share of Common Operating Costs for such Operating Year, such sum being hereinafter referred to as Operating Expense Share.
As changes or modifications to the Building occurs, Tenants Proportionate Building Share shall be adjusted to equal the then current ratio of the Total Rentable Area of the Premises to the aggregate Total Rentable Area within the Building which is then completed and as to which a certificate of occupancy is issued.
Tenants Proportionate Building Share is the ratio of the Total Rentable Area of the Premises to the aggregate Total Rentable Area of the Building, from time to time.