Sublessee’s Pro Rata Share means forty-three and four tenths (43.4%) percent (which is the percentage obtained by dividing the rentable area of the Subleased Premises (34,933 square feet) by the rentable area of the Leased Premises (80,487 square feet)). All sums due under this Sublease other than Base Sublease Rent are deemed to be “Additional Sublease Rent.” Base Sublease Rent and Additional Sublease Rent shall collectively constitute the “Sublease Rent.”
Sublessee’s Pro Rata Share means that proportion of any Operating Expenses (as hereinafter defined) and Taxes for any calendar year as the total number of rentable square feet of the Premises compares to the total number of rentable square feet in the Original Premises. At such time, if ever, any space is added to the Original Premises pursuant to the terms of this Sublease, Sublessee’s Pro Rata Share shall be decreased by the percentage calculated by dividing the number of additional rentable square feet by the total number of rentable square feet in the Original Premises.
Sublessee’s Pro Rata Share means 38.7% which amount is equal to the share that the number of square feet in the Premises (64,400) represents of the total number of square feet leased by Sublessor under the Lease (166,400).
Examples of Sublessee’s Pro Rata Share in a sentence
PAYMENTD23.1 Further to C12, the City may at its option pay the Contractor by direct deposit to the Contractor’s banking institution.WARRANTY D24.
This has included work to consolidate all risk registers throughout the organisation and to ensure that risk is considered consistently in line with the principles set out in the Corporate Risk Management Strategy.
Sublessee shall have the right to use, on an unreserved basis, throughout the Term Sublessee’s Pro Rata Share of the parking spaces available to Sublessor in the parking lot serving the Master Premises.
Sublessor shall provide janitorial services to the Premises (including, without limitation, the Subleased Premises) as required under Section 6.1 of the Master Lease (at least five nights per week), and Sublessee shall pay to Sublessor as Additional Rent Sublessee’s Pro Rata Share of the cost thereof in accordance with Paragraph 4.B above.
In addition, Sublessee shall also pay to Sublessor Sublessee’s Pro Rata Share of all “Operating Expenses”, as defined in the Master Lease, payable by Sublessor to Master Lessor pursuant to Article 4 of the Master Lease (“Operating Expenses”) as and when the same are due and payable to Master Lessor under the Master Lease.
More Definitions of Sublessee’s Pro Rata Share
Sublessee’s Pro Rata Share means: (A) with respect to Category A Expenses, that fraction, the numerator of which is the entire square footage of the Demised Premises and the denominator of which is the subtotal of the "Current Leasable Area for the Centennial Interport Project ("Interport Project") (sq. ft.)", as designated on Exhibit E-5 hereto, which area may increase in size as additional development phases within the Interport Project are developed; and (B) with respect to Category B Expenses, that fraction, the numerator of which is the entire rentable square footage of the Demised Premises and the denominator of which is the total leasable square footage of the "Area of Taxilane" and any other areas or facilities set forth as the "Class 'B' Common Areas (sq. ft.)" in Exhibit E-2 attached hereto. If Sublessee exercises the Option, then Sublessee's Pro Rata Share shall be revised to include Phase 2. Sublessor shall from time to time calculate Sublessee's Pro Rata Share and shall deliver notice thereof to Sublessee and such determination by Sublessor shall be determinative except in the event of manifest error by Sublessor. Notwithstanding the foregoing, the parties agree that Sublessee's Pro Rata Share shall not include portions of the Demised Premises until the earlier of (a) the date set forth on Exhibit E-6 for that portion of the Demised Premises, or (b) the date upon which the Airport Authority approves Sublessee's plans for the Improvements to be constructed on such portion of the Demised Premises.
Sublessee’s Pro Rata Share means that amount, expressed as a percentage, equal to the number of square feet included in the Subleased Premises divided by the number of square feet in the building located on the Master Premises. The parties hereto acknowledge that except as otherwise provided herein, Sublessee's Pro Rata Share is thirty-seven percent (37%). Sublessee and Sublessor agree, as a material part of the consideration given by Sublessee to Sublessor for this Sublease, except as otherwise provided herein, Sublessee shall pay Sublessee's Pro Rata Share of all costs, expenses, taxes, insurance, maintenance and other charges of every kind and nature arising in connection with the Master Lease or the Subleased Premises (excluding, however, costs to the extent arising from (i) any default by Sublessor, through no fault of Sublessee, under the Master Lease or this Sublease, or (ii) Sublessor's or its agents', employees' or contractors' negligence or willful misconduct), such that Sublessor shall receive, as net consideration for this Sublease, full reimbursement thereof to the extent applicable to the Subleased Premises. Notwithstanding the foregoing, in the event any Additional Rent is incurred for Sublessee's sole benefit or as a result of Sublessee's request for certain services (i.e., extra hours' charges, etc.) or otherwise, Sublessee shall pay the entire cost thereof, and such charges shall not be pro rated between Sublessor and Sublessee. Sublessee, and not Sublessor, shall be responsible for (i) the prompt and timely payment of any personal property taxes or assessments levied against Sublessee's personal property improvements, alterations or trade fixtures located within the Subleased Premises, (ii) any telephone service provided to the Subleased Premises during the Term, and (iii) any permit, license, governmental fees or charges arising out of Sublessee's specific use and operation of the Subleased Premises. Upon the execution of the Lease by Sublessee, Sublessee shall pay to Sublessor Base Month Rent for the month of March, 1999 in the amount of $13,409.30 in immediately available funds.
Sublessee’s Pro Rata Share means a fraction, expressed as a percentage, the numerator of which is the number of square feet of floor space contained in the Sublease Premises and the denominator of which is the number of square feet of floor space contained in the Premises. As of the commencement date of this Sublease, Sublessee's Pro Rata Share is 12.95%. Sublessee's Pro Rata Share may be revised from time to time depending on any change in the square footage of the Premises.
Sublessee’s Pro Rata Share means 48.2 percent, subject to adjustment under Section 2.2
Sublessee’s Pro Rata Share means 3.284%.
Sublessee’s Pro Rata Share means the ratio of the square footage of the Subleased Premises from time to time to the square footage of the Master Premises (which, for all purposes under this Sublease, shall be 25,814 rentable square feet until the reduction of the Master Premises agreed to in the Third Amendment, in which event the size of the Master Premises shall be reduced to 13,787 rentable square feet for all purposes under this Sublease). Accordingly, upon any adjustment of the size of the Subleased Premises or partial surrender of the Subleased Premises pursuant to Section 2 of this Sublease, Sublessee’s obligation to pay for Base Rent, Operating Expenses and Additional Premises Expenses shall be adjusted by Sublessor based on the revised calculation of the Sublessee’s Pro Rata Share following such adjustment to the size of the Subleased Premises. All monies other than Base Rent required to be paid by Sublessee under this Sublease, including, without limitation, Operating Expenses and Additional Premises Expenses, shall be deemed additional rent (“Additional Rent”). Base Rent and Additional Rent hereinafter collectively shall be referred to as “Rent”. Sublessee shall also pay before delinquency all taxes imposed against Sublessee’s personal property in the Premises.
Sublessee’s Pro Rata Share means the ratio of the square footage of the Subleased Premises from time to time to the square footage of the Master Premises (which, for all purposes under this Sublease, shall be 31,166 rentable square feet). Accordingly, upon any adjustment of the size of the Subleased Premises or partial surrender of the Subleased Premises pursuant to Section 2 of this Sublease, Sublessee’s obligation to pay for Base Rent, Operating Expenses and Additional Premises Expenses shall be adjusted by Sublessor based on the revised calculation of the Sublessee’s Pro Rata Share following such adjustment to the size of the Subleased Premises. All monies other than Base Rent required to be paid by Sublessee under this Sublease, including, without limitation, Operating Expenses and Additional Premises Expenses, shall be deemed additional rent (“Additional Rent”). Base Rent and Additional Rent hereinafter collectively shall be referred to as “Rent”. Sublessee shall also pay before delinquency all taxes imposed against Sublessee’s personal property in the Premises.