Subtenant’s Proportionate Share shall be forty-eight and forty-five one hundredths percent (48.45%). If during the Sublease Term there is a change in the rentable area of either the Subleased Premises or the Premises, then Subtenant's Proportionate Share shall be recalculated by dividing the revised rentable area of the Subleased Premises by the revised rentable area of the Premises. Subtenant shall pay to Sublandlord, within ten (10) days after invoice therefor by Sublandlord Subtenant's Proportionate Share of all costs and expenses ("Expenses") payable by Sublandlord under the Master Lease. Sublandlord shall have the right to estimate such Expenses from time to time, as reasonably determined by Sublandlord and communicated to Subtenant, and Subtenant shall pay to Sublandlord together with each payment of Monthly Base Rent, a sum equal to one-twelfth (1/12th) of Subtenant's Proportionate Share of the then estimated Expenses. If Sublandlord estimates such Expenses, then within one hundred twenty (120) days after the end of each calendar year during the Sublease Term, Sublandlord shall furnish Subtenant with a statement setting forth the actual Expenses for such calendar year. If the actual Expenses for such calendar year exceed the amount theretofore estimated, Subtenant shall pay to Sublandlord, within twenty (20) days after Sublandlord has furnished Subtenant with the statement described above, Subtenant's Proportionate Share of the excess of the actual Expenses for such calendar year over and above the estimated Expenses. Conversely, if the Expenses for such calendar year are less than the amount theretofore estimated, Sublandlord shall (1) apply such excess to any amount then owed by Subtenant to Sublandlord, or (2) credit the difference against the next payment of Monthly Base Rent due under this Sublease, or (3) if the Sublease Term has ended, pay such excess to Subtenant within twenty (20) days after Sublandlord has furnished Subtenant with the statement described above. Sublandlord may by notice to Subtenant change the estimated amount of Expenses, in which case an appropriate payment or credit shall be made by one party to the other within twenty (20) days after Sublandlord's notice of such change, so that Tenant's estimated payments for the then current calendar year match Tenant's Proportionate Share of the revised estimated Expenses for such year. Sublandlord will maintain accurate books and records necessary for the determination and confirmation of the Expenses in accordanc...
Subtenant’s Proportionate Share means the following: 100% of the Building in which the Phase A-3 Premises are located and 21.78% of Phase A of the Project.
Subtenant’s Proportionate Share means the fraction (expressed as a percentage) determined from time to time by dividing the number of rentable square feet in the Subleased Premises by the number of rentable square feet in the Building subject to adjustment from time to time as such areas may change in accordance with the terms of this Agreement. The above notwithstanding, Base Taxes and Base Operating Costs for the Building and the Subleased Premises are included in the Base Rent set forth in Section 3. Base Taxes shall mean taxes incurred for the state fiscal tax year in which the Building is first re-assessed to reflect the Prime Landlord’s rehabilitation and conversion of the Building and the related improvements for Tide Point. Base Operating Costs shall mean operating costs and insurance expenses incurred in the 2004 calendar year (the “Base Year”).
Examples of Subtenant’s Proportionate Share in a sentence
How do indicators shape how segregation is understood?Different methods and indicators will be applied depending on how segregation is defined.
Subtenant shall have Subtenant’s Proportionate Share of such parking rights as Sublandlord may have in connection with the Sublease Premises pursuant to the Master Lease.
In addition to Monthly Base Rent, Subtenant shall pay to Sublandlord Subtenant’s Proportionate Share of any increase in the Additional Charges (defined below) above the amount of Additional Charges in the Base Year (as defined in this Sublease) (“Subtenant Additional Charges”).
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Subtenant agrees that, in addition to the Base Rent and any other payments or amounts due under this Sublease, commencing as of the Commencement Date, Subtenant shall pay to Sublandlord Subtenant’s Proportionate Share of Expenses and Taxes incurred by Sublandlord during the Term.
More Definitions of Subtenant’s Proportionate Share
Subtenant’s Proportionate Share means Tenant’s Share (as defined in the Prime Lease).
Subtenant’s Proportionate Share means a fraction having as its numerator the Rentable Area of the Sublet Premises and as its denominator the Rentable Area of the Premises (including the Sublet Premises). Capitalized terms used in this Sublease will have the meanings ascribed to them in the Head Lease, or in this Sublease if defined herein.
Subtenant’s Proportionate Share is eleven and two tenths percent (11.20%), which is the quotient of 16,940 rentable square feet in the Subleased Premises divided by 151,300 rentable square feet in the Premises. Subtenant shall only use the Subleased Premises for the Permitted Use, and subject to the applicable terms of the Lease and to the terms of this Sublease. Sublandlord shall deliver the Subleased Premises to Subtenant in its as-is, where-is condition; provided, however, Sublandlord shall be obligated to deliver the space (i) in broom clean condition, (ii) free and clear of all tenants and occupants, and (iii) free of all of Sublandlord’s personal property, except as expressly set forth herein.
Subtenant’s Proportionate Share means 100%.
Subtenant’s Proportionate Share of Project Direct Expense" means 1 and 21/100 percent (1.21%).
Subtenant’s Proportionate Share means thirty-three percent (33%).
Subtenant’s Proportionate Share means 25.27%, which has been determined by dividing the number of square feet in the FCA Controlled Subleased Space (543,399 square feet) by the number of square feet in the Facility (2,150,000 square feet).