Definition of Tenants Building Percentage


Tenants Building Percentage shall mean Tenants percentage of the entire Building as determined by dividing the Rentable Area of the Premises by the total Rentable Area of the Building. If there is a change in the total Building Rentable Area as a result of an addition to the Building, partial destruction, modification or similar cause, which event causes a reduction or increase on a permanent basis, Landlord shall cause adjustments in the computations as shall be necessary to provide for any such changes. Landlord shall, segregate Operating Expenses into two (2) separate categories, one (1) such category, to be applicable only to Operating Expenses incurred for the Building and the other category applicable to Operating Expenses incurred for the Common Areas and/or the Project as a whole. Accordingly, two (2) Tenants Building Percentages shall apply, one (1) such Tenants Building Percentage shall be calculated by dividing the Rentable Area of the Premises by the total Rentable Area in the Building (Tenants Building Only Percentage), and the other Tenants Building Percentage to be calculated by dividing the Rentable Area of the Premises by the total Rentable Area of all buildings in the Project (Tenants Common Area Building Percentage). Consequently, any reference in this Lease to Tenants Building Percentage shall mean and refer to both Tenants Building Only Percentage and Tenants Common Area Building Percentage of Operating Expenses.

Examples of Tenants Building Percentage in a sentence

The term Tenants Building Percentage Share shall mean the percentage specified in the Basic Lease Information.
If the Rentable Area of the Premises or the Rentable Area of the Building is changed, then Tenants Building Percentage Share shall be adjusted to a percentage equal to the Rentable Area of the Premises divided by the Rentable Area of the Building.
For purposes of this Article 4, the following terms shall have the meanings set forth in this Section 4 "Tenant's Building Percentage Share", "Tenant's Common Area Expense percentage Share" and "Base Year" shall be as set forth in the Summary.
Commencing on the Commencement Date and on the first day of each calendar month thereafter during the Term, Tenant shall pay to Landlord, as additional rent, one twelfth (1/12) of Landlords estimate (subject to adjustment from time to time) of Tenants Building Percentage Share of Operating Expenses attributable to the ownership, operation, repair and/or maintenance of the Building.
Commencing on the Commencement Date and on the first day of each calendar month thereafter during the term, Tenant shall pay to Landlord, as additional rent, one twelfth (1/12) of Landlords estimate (subject to adjustment from time to time) of Tenants Building Percentage Share of Taxes during each year of the Term (prorated for any partial year during the Term).