Tenant's Building Proportionate Share definition
Examples of Tenant's Building Proportionate Share in a sentence
The aforesaid Excluded Items shall be deducted before the cap is applied to the determination of Tenant's Building Proportionate Share and Tenant's Site Proportionate Share, as the case may be, of increases for Operating Expenses and Tenant shall pay its actual Building Proportionate Share and Tenant's Site Proportionate Share, as the case may be, of increases for Operating Expenses for each year for all such Excluded Items.
Currently Landlord estimates the denominator of the fraction to be 31,341 Leasable Square Feet as of the Effective Date hereof, resulting in Tenant's Building Proportionate Share to be 79.6%.
Notwithstanding anything to the contrary, Landlord may not recover more than 100% of the Tenant's Building Proportionate Share and Tenant's Site Proportionate Share of Operating Expenses from Tenant in any calendar year, subject to adjustment as provided in Paragraph 6.8 of the Original Lease.
Notwithstanding the foregoing, Tenant shall reimburse Landlord Tenant's Building Proportionate Share of the cost to (i) repair and maintain the roof of the Building after the tenth (1Oth) Lease Year, excluding the gutters and down spouts, and (ii) the annual amortized cost of any roof replacements to the Building after the fifteenth (15th) Lease Year, such amortization to be based upon the useful life of the roof (based on generally accepted accounting principles).
Upon such return of relinquished space to Landlord, the size of the Leased Premises shall be reduced by the size of the Relinquished Space (measured in accordance with the BOMA Standards, as that term is hereinafter defined) and appropriate adjustments shall be made in Base Rent, Tenant's Building Proportionate Share and Tenant's Project Proportionate Share, based on the reduction in the Rentable Square Feet of the Leased Premises and the Relinquished Space.
Tenant shall pay as additional rent Tenant's Project Proportionate Share (as defined below) of all Project Expenses (as defined below), Tenant's Taxes Proportionate Share (as defined below) of all Taxes (as defined below), and Tenant's Building Proportionate Share (as defined below) of all Building Expenses (as defined below), which shall accrue and be due and payable from and after the Commencement Date as provided hereinbelow.
If Landlord so elects not to sub-meter said utilities, Tenant shall pay to Landlord Tenant's Building Proportionate Share of utilities for the Building.
Tenant shall pay as additional rent Tenant's Project Proportionate Share (as defined below) of all Project Expenses (as defined below), Tenant's Taxes Proportionate Share (as defined below) of all Taxes (as defined below), and Tenant's Building Proportionate Share (as defined below) of all Building Expenses (as defined below), which shall accrue and be due and payable from and after the Commencement Date as provided herein below.
As Additional Rent, Tenant shall pay to Landlord, as set forth in subparagraph (e) below, Tenant's Building Proportionate Share and/or Tenant's Project Proportionate Share, as applicable, of the following charges: Tenant's estimated 1991 additional rent is set at $1.91/sf at the inception of this Lease.
Tenant's Building Proportionate Share of the actual costs and expenses incurred by Landlord during the Rental Term in the maintenance, repair and operation of the Building, together with any and all fixtures and appurtenances thereto.