Lessee’s Percentage Share definition

Lessee’s Percentage Share when said term refers to the cost of maintaining the Common Roadway shall mean twenty-one and seven one hundredths percent (21.07%). Lessor and Lessee acknowledge that Lessee's Percentage Share, when said term refers to the cost of maintaining the Common Roadway, has been obtained by dividing the net rental of the Premises, which Lessor and Lessee agree is 39,559 square feet, by the total square footage of the two buildings which use the Common Roadway which Lessor and Lessee agree is 187,770, and multiplying such quotient by 100.
Lessee’s Percentage Share except when said term refers to the cost of maintaining the Common Roadway, shall mean thirty-six and twenty-seven one hundredths percent (36.27%). Lessor and Lessee acknowledge that Lessee’s Percentage Share, except when said term refers to the cost of maintaining the Common Roadway, has been obtained by dividing the net rental area of the Premises, which Lessor and Lessee agree is 39,559 square feet, by the total net rental area of the Building, which Lessor and Lessee agree is 109,056 square feet, and multiplying such quotient by 100. Lessee’s Percentage Share shall not be subject to change, except for physical additions or deletions to the Premises or Building, or caused by condemnation or destruction.
Lessee’s Percentage Share means, subject to Section 2.4, above, 100%.

Examples of Lessee’s Percentage Share in a sentence

  • Lessee’s Percentage Share shall be subject to an equitable adjustment upon a condemnation, sale by Lessor of part of the Building, reconstruction after damage or destruction or expansion or reduction of the areas within the Building.

  • An amount equal to one twelfth (1/12) of Lessee’s Percentage Share of the estimated Building Expenses shall be payable monthly by Lessee as aforesaid, commencing on the first day of the calendar month following thirty (30) days written notice and continuing until receipt of any notice of adjustment from Lessor given pursuant to this paragraph.

  • All workshop collectionThe results of the first and second reading (70 otoliths) by reader, modal age and percentage of agreement are shown in the Table 2.

  • The effects of managed care and concerns over the severity of reimbursement cuts has, in many cases, resulted in the provision of systems to patients that do not provide truly ambulatory oxygen.

  • HOME EQUITY LOAN ASSET-BACKED CERTIFICATES SERIES 2006-S10 By: --------------------------------------------- Name: ------------------------------------------- Title: ------------------------------------------ BEAR STEARNS FINANCIAL PRODUCTS INC.


More Definitions of Lessee’s Percentage Share

Lessee’s Percentage Share means the percentage figure specified in the Summary which represents the ratio that the Rentable Area of the Premises bears to one hundred percent (100%) of the Rentable Area of the Buildings. In the event Lessee’s Percentage Share is changed during a Calendar Year by reason of a change in the Rentable Area of the Premises or a change in the total Rentable Area of the Building or leased portion thereof, Lessee’s Percentage Share shall be re-calculated pursuant to the aforementioned formula and shall be determined on the basis of the number of days during such Calendar Year at each such percentage.
Lessee’s Percentage Share means Fifty-Seven and 34/100 percent (57.34%). Lessor and Lessee acknowledge that Lessee's percentage share has been obtained by dividing the rentable area of the Premises by the total rentable area of the Building, and multiplying such quotient by 100. In the event Lessee's percentage share is changed during a calendar year by reason of a change in the rentable area of the Premises and/or a change in the total rentable area of the Building, Lessee's percentage share shall thereafter mean the result obtained by dividing the then rentable area of the Premises by the then total rentable area of the Building, and multiplying such quotient by 100, and for the purposes of paragraph 3, Lessee's percentage share shall be determined on the basis of the number of days during such calendar year at each such percentage share. The parties hereto agree that the total rentable area of the Building for purposes of this paragraph (c) is currently 65,540 square feet.
Lessee’s Percentage Share. The fraction, the numerator of which is the Rentable Square Footage of the space then leased by Lessee within the Building and the denominator of which is the Rentable Square Footage of the Building.
Lessee’s Percentage Share as used in this Lease shall mean the percentage of the cost of Operating Expenses, Insurance and Real Property Taxes (as defined below) for which Lessee is obligated to reimburse Lessor pursuant to this Lease. Notwithstanding anything to the contrary contained in Paragraph 7.2, Lessor shall have the right to determine Lessee's Percentage Share of the cost of Operating Expenses, Insurance and Real Property Taxes using any one or more of the following three methods, and Lessee hereby agrees that any one of the following three methods of allocation is reasonable: (a) by multiplying the cost of all Operating Expenses, Insurance or Real Property Taxes by a fraction, the numerator of which is the number of square feet of leasable space in the Premises and the denominator of which is the number of square feet of leasable space in all buildings in the Industrial Center; or (b) (i) with respect to an Operating Expenses, Insurance or
Lessee’s Percentage Share means the percentage stated in Paragraph 1.6 of the Printed Lease, which has been determined by dividing the Rentable Area of the Premises by the Rentable Area of the entire Building in which the Premises is located. Beginning on the first day of the first month of the first calendar year after the Base Year and on or before the first day of each month thereafter, LESSEE shall pay to LESSOR as additional Rent monthly installments of LESSEE’s Percentage Share based on LESSOR’s Estimated Increased Common Area Operating Expenses as determined in accordance with subsection 3.1 below. If any part of the Lease Term begins or ends on any day other than the first or last day of a calendar year, then the applicable annual Common Area Operating Expenses shall be prorated for such partial year on a daily basis using a thirty (30) day month and three hundred sixty (360) day year to determine the amount of additional Rent payable for LESSEE’S percentage Share of Increased Common Area Operating Expenses.
Lessee’s Percentage Share means the percentage obtained by dividing the rentable area of the Premises by the total rentable area of the Building or Project, as applicable. In the event the rentable area of the Premises is increased or decreased, Lessee’s Percentage Share shall be appropriately adjusted.
Lessee’s Percentage Share of the amount (if any) by which annual “Building Taxes” (as defined below) for each year subsequent to the calendar year 2004 (the “Base Year”) exceed Building Taxes for the Base Year (the amount of such excess is referred to herein as the “Building Taxes Excess”), and the amount (if any) by which annual “Building Operating Expenses” (as defined below) for each year subsequent to the Base Year exceed Building Operating Expenses for the Base Year (the amount of such excess is referred to herein as the “Building Operating Expenses Excess”); provided, however, that in no event shall Lessee be liable for any increase in “Management Controllable Building Operating Expenses” (as hereinafter defined) in any year to the extent in excess of five percent (5%) over Management Controllable Building Operating Expenses for the prior year. As used herein,