Definition of Tenants Estimated Share

  1. Tenants Estimated Share means, with respect to any calendar year, the product of (A) Tenants Proportionate Share, multiplied by (B) the amount, if any, by which Landlords good faith estimate of the total of Taxes for such calendar year exceeds the Base Amount for Taxes, or the total of Operating Expenses for such calendar year exceeds the Base Amount for Operating Expenses, as applicable.

Examples of Tenants Estimated Share in a sentence

  1. Prior to the end of each Operating Year, Landlord shall provide Tenant with a written statement of Landlords estimate of Operating Costs and Tenants Estimated Share of Operating Costs for the next succeeding Operating Year.
  2. The Tenants Estimated Share for the first year of this Lease is Fourteen Thousand Two Hundred Sixty Dollars and No One-Hundredths Dollar ($14,260.00) U.S. which is equal to One Thousand One Hundred Eighty Eight Dollars and Thirty-Three One-Hundredths Dollar ($1,188.33) U.S. per month.

Definition of Tenants Estimated Share in Lease

Tenants Estimated Share means, with respect to any calendar year, the product of (A) Tenants Proportionate Share, multiplied by (B) the amount, if any, by which Landlords good faith estimate of the total of Taxes for such calendar year exceeds the Base Amount for Taxes, or the total of Operating Expenses for such calendar year exceeds the Base Amount for Operating Expenses, as applicable.