GLA Fraction definition

GLA Fraction means a fraction, the numerator of which shall be the GLA in the Premises and the denominator of which shall be the total GLA in the Building.
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GLA Fraction means a fraction, the numerator of which is the GLA of the Leased Premises and the denominator of which is the GLA of the Shopping Center (averaged over the course of the year) (excluding the GLA of buildings not owned by Landlord).
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Examples of GLA Fraction in a sentence

  • For purposes of determining the GLA Fraction, the term "Shopping Center" shall exclude buildings not owned by Landlord.

  • Tenant's Proportionate Share shall be computed by multiplying the total amount of the Taxes by the GLA Fraction (the denominator of which excludes the GLA of any buildings within the Shopping Center not owned by Landlord).

  • Tenant's proportionate share of the Taxes shall be an amount equal to the product obtained by multiplying the Taxes, and Landlord's reasonable expenses in obtaining or attempting to obtain any refund or reduction thereof, by the GLA Fraction (with daily proration for any Partial Lease year).

  • Tenant's proportionate share of Common Area Maintenance Costs for each Lease year shall be an amount equal to the Common Area Maintenance Costs incurred by Landlord during that period multiplied by the GLA Fraction.

Related to GLA Fraction

  • PO Fraction With respect to any Discount Mortgage Loan, the difference between 1.0 and the Non-PO Fraction for such Mortgage Loan; with respect to any other Mortgage Loan, zero. Pool Balance (Non-PO Portion): As of any Distribution Date, the sum of the amounts for each Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the Non-PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan. Pool Balance (PO Portion): As of any Distribution Date, the sum of the amounts for each Mortgage Loan that is an Outstanding Mortgage Loan of the product of (i) the PO Fraction for such Mortgage Loan and (ii) the Scheduled Principal Balance of such Mortgage Loan.

  • Non-PO Fraction With respect to any Mortgage Loan, the lesser of (i) 1.00 and (ii) the quotient obtained by dividing the Net Mortgage Interest Rate for such Mortgage Loan by 6.500%.

  • Class P Fraction Any Class I-P, Class II-P or Class III-P Fraction, as applicable.

  • Applicable Fraction means Applicable Fraction as defined in Section 42(c)(1)(B) of the IRC.

  • Fractional Share means a fractional share in the ICAV issued in accordance with Section 12.5.