Operating Share definition

Operating Share means each Party's share of the annual operating budget for the Facility Property.
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Examples of Operating Share in a sentence

  • Landlord shall furnish to Tenant a revised Landlord's Operating Statement with a new estimate of Tenant's Projected Operating Share for such Operating Year and, in such case, Tenant's Projected Operating Share for such Operating Year shall be adjusted and paid or credited, as the case may be, substantially in the same manner as provided in the preceding sentence.

  • Accordingly, Landlord and Tenant hereby agree that Tenant’s Operating Share in respect of the Premises shall be 13.81%, in the aggregate.

  • Tenant shall have a number of listings in the building’s directory equal to ▇▇▇▇▇▇’s Operating Share of the total number of listing spaces/slots in the building’s directory.

  • Upon thirty (30) days written notice from Landlord, the monthly installment of Tenant’s Operating Share may be adjusted a maximum of once per Operating Year to one-twelfth (1/12) of Tenant’s Operating Share of the actual Common Area Operating Charges incurred by Landlord during the preceding Operating Year.

  • At the request of either party, Landlord and Tenant shall promptly execute an amendment to this Lease confirming the decreased Rentable Square Footage of the Premises, the Base Rent, and Tenant’s Proportionate Operating Share and Tenant’s Proportionate Tax Share, but their failure to so enter into any such amendment shall not affect the validity of Tenant’s exercise of the Contraction Option.

  • Tenant shall pay to Landlord Tenant's Operating Share of Operating Expenses and Tenant's Tax Share of Real Estate Taxes (collectively, "Tenant's Share of Total Costs") at the times and in the manner provided below.

  • If the Rentable Area of the Demised Premises should change (e.g. by Tenant leasing additional space in the Project) and/or if the rentable area of the Project or the Building should change, then Tenant's Operating Share and/or Tenant's Tax Share and/or Total Costs for the Base Year shall be recalculated equitably.

  • If Tenant exercises its Right of First Offer, Landlord shall prepare an amendment (the “Offering Amendment”) adding the applicable ROFO Space to the Premises on the terms set forth in Landlord’s ROFO Notice and reflecting the changes in the Gross Rent, rentable square footage of the Premises, Tenant’s Tax Share, Tenant’s Operating Share and other appropriate terms.

  • Tenant's Work will be commenced and prosecuted to completion by Tenant with diligence and in a good and workmanlike manner.

  • To reflect the relocation and size reduction of the Premises, and for purposes of calculating Tenant's Escalation Rent under Article 2 of the Lease, for such period commencing on the Rent Commencement Date and continuing thereafter for the balance of the Term, the definitions of "Tenant's Operating Share" and "Tenant's Tax Share" contained in the Lease shall be deemed appropriately amended to reflect that the Premises shall consist of 17,811 square feet of rentable area.

Related to Operating Share

  • Operating Unit means a department, division, facility or reporting location, whichever is applicable.

  • equity share means any share in a company, excluding any share that, neither as respects dividends nor as respects returns of capital, carries any right to participate beyond a specified amount in a distribution;

  • Operating parameter value means a minimum or maximum value established for a control device or process parameter that, if achieved by itself or in combination with one (1) or more other operating parameter values, determines that an owner or operator has complied with an applicable emission limit.

  • Voting Share means (i) a Common Share of the Company and (ii) any other share of capital stock of the Company entitled to vote generally in the election of directors or entitled to vote together with the Common Shares in respect of any merger, consolidation, sale of all or substantially all of the Company's assets, liquidation, dissolution or winding up. References in this Agreement to a percentage or portion of the outstanding Voting Shares shall be deemed a reference to the percentage or portion of the total votes entitled to be cast by the holders of the outstanding Voting Shares.

  • Ownership Share means, with respect to any Subsidiary of a Person (other than a Wholly Owned Subsidiary) or any Unconsolidated Affiliate of a Person, the greater of (a) such Person’s relative nominal direct and indirect ownership interest (expressed as a percentage) in such Subsidiary or Unconsolidated Affiliate or (b) such Person’s relative direct and indirect economic interest (calculated as a percentage) in such Subsidiary or Unconsolidated Affiliate determined in accordance with the applicable provisions of the declaration of trust, articles or certificate of incorporation, articles of organization, partnership agreement, joint venture agreement or other applicable organizational document of such Subsidiary or Unconsolidated Affiliate.