Project Share definition
Examples of Project Share in a sentence
A Participant’s aggregate liability towards the other Participants collectively for direct damages (i.e. such damages other than set out in Section 5.5.) shall be limited to the Participant’s Project Share with a minimum of [amount] and a maximum of [amount] and provided such damage was not caused by a wilful act or gross negligence.
In the event the Project is developed in a manner which results in separate legal parcels comprising some or all of the Common Areas, then with respect to those Common Area parcels, Real Property Taxes shall be calculated using Tenant’s Project Share (as opposed to Tenant’s Building Share).
Includes all fees, charges (including parking charges), expenses, fines, assessments, interest or other sums payable by Tenant pursuant to this Lease other than (a) Tenant’s Project Share of (i) Project Taxes, (ii) Project Insurance Costs and (iii) Project Operating Costs, (b) Tenant’s Building Share of (i) Building Taxes, (ii) Building Insurance Costs and (iii) Building Operating Costs and (c) Tenant’s Utility Costs due under this Lease.
Undivided, impartible, proportionate and variable share in the common areas of the Real Estate Project (Share In Common Areas, the said common areas of the Real Estate Project being described in Schedule - C below (Common Areas).
The amount of the individual cash call issued by the Manager to each Participant shall be equa1 to C(t) X PS(i) ----- 100% where C(t) is the amount of the cash call received from IID and PS(i) is the Project Share of the Participant to which the individual cash call is issued.