Tenant’s Expense Share definition

Tenant’s Expense Share means the percentage obtained by dividing the rentable square footage of the Leased Premises at the time of calculation by the rentable square footage of the Building. Such percentage is currently 100%. In the event that the rentable square footage of the Leased Premises is changed, Tenant's Expense Share shall be recalculated to equal the percentage described in the first sentence of this paragraph, so that the aggregate Tenant's Expense Share of all tenants of the Building shall equal 100%.

Tenant’s Expense Share means the percentage obtained by dividing the rentable square footage of the Leased Premises at the time of calculation by the rentable square footage of all buildings located on the Property at the time of calculation. Such percentage is currently 100%. In the event that any portion of the Property is sold by Landlord, or the rentable square footage of the Leased Premises or the Property is otherwise changed, Tenant’s Expense Share shall be recalculated to equal the percentage described in the first sentence of this paragraph, so that the aggregate Tenant’s Expense Share of all tenants of the Property shall equal 100%. Tenant’s Expense Share is subject to adjustment as set forth in Paragraphs 13.12(b) and 13.12 (c).

Tenant’s Expense Share means .81% constituting the percentage resulting from dividing the number of rentable square feet from time to time included in the Demised Premises and with respect to which Tenant is obligated to make Tenant's Expense Payments pursuant to Section 3.02(b) by the number of rentable square feet in the Retained Premises, Plaza II, Plaza III and the Retained Premises, exclusive of space leased to retail tenants, which the parties agree is 1,430,000 rentable square feet as of the date of this Lease. If at any time after the date hereof additional rentable square footage of office space (exclusive of storage space that is an adjunct to such space) shall be added to or subtracted from the Retained Premises, Plaza II and/or Plaza III, Tenant's Expense Share shall be equitably adjusted so that Tenant pays its proportionate share of Operating Expenses in the same proportion which the rentable square feet from time to time included in the Demised Premises as set forth herein bears to the total rentable area of office space (exclusive of such storage space) in the improvements as to which such Operating Expenses relate, using the same standard of measurement to compute the rentable area of the new or additional space or subtracted space as that used to compute the rentable area of the Demised Premises for purposes of this Lease. In the event of such adjustment, Landlord and Tenant shall, at either party's request, execute an instrument confirming such adjustment and making the appropriate change in Tenant's Expense Share, but no such instrument shall be necessary to make the same effective.

Examples of Tenant’s Expense Share in a sentence

• In the event the rentable square footage of the Leased Premises or the Building is changed, the foregoing deemed Tenant’s Expense Share shall be recalculated so that the aggregate deemed Tenant’s Expense Share of all tenants in the Building shall equal 100%.

• In the event that any portion of the Property is sold by Landlord, or the rentable square footage of the Leased Premises or the Property is otherwise changed, Tenant’s Expense Share shall be recalculated to equal the percentage described in the first sentence of this paragraph, so that the aggregate Tenant’s Expense Share of all tenants of the Property shall equal 100%.

• Tenant’s Expense Share is subject to adjustment as set forth in Paragraphs 13.12(b) and 13.12 (c).

• The term “Landlord’s Insurance Costs” shall mean Tenant’s Expense Share of the costs to Landlord to carry and maintain the policies of fire and property damage insurance for the Building and the Property and general liability and any other insurance required or permitted to be carried by Landlord pursuant to Article 9, together with any deductible amounts paid by Landlord upon the occurrence of any insured casualty or loss.

• In the event that any portion of the Property is sold by the Landlord, or the rentable square footage of the Leased Premises or the Property is otherwise changed, Tenant’s expense shall be recalculated to equal the percentage described in the first sentence of this paragraph, so that the aggregate Tenant’s Expense Share of all tenants of the property shall equal 100%.

More Definitions of Tenant’s Expense Share

Tenant’s Expense Share means the percentage obtained by dividing the rentable square footage of the Leased Premises at the time of calculation by the rentable square footage of the Building. Such percentage is currently 21.61%.

Tenant’s Expense Share means the percentage obtained by dividing the rentable square footage of Leased Premises at the time of calculation by the rentable square footage of all buildings located on the Property at the time of calculation. Such percentage is currently 100% of the Building and 34.3% of the Complex. In the event that any portion of the Property is sold by the Landlord, or the rentable square footage of the Leased Premises or the Property is otherwise changed, Tenant’s expense shall be recalculated to equal the percentage described in the first sentence of this paragraph, so that the aggregate Tenant’s Expense Share of all tenants of the property shall equal 100%. Tenant’s share of Property Operating Expenses during this Extended Term is estimated to be one dollar and 36/100 ($1.36) per square foot, per month.

Tenant’s Expense Share means the percentage obtained by dividing the rentable square footage of the Leased Premises at the time of calculation by the rentable square footage of the Building at the time of calculation. Such percentage is currently 45.70%. In the event that the rentable square footage of the Leased Premises or the Building is changed, Tenant’s Expense Share shall be recalculated to equal the percentage described in the first sentence of this paragraph, so that the aggregate Tenant’s Expense Share of all tenants of the Property shall equal 100%. Tenant’s Expense Share is subject to adjustment as set forth in Paragraphs 13.12(b) and 13.12 (c).

Tenant’s Expense Share means 2.219%.

Tenant’s Expense Share means 2.062% calculated as a fraction, the numerator of which is 17,125, reflecting the number of rentable square feet which Landlord and Tenant agree comprises the 5th Floor Additional Premises, and the denominator of which is 830,305, reflecting the number of rentable square feet which Landlord and Tenant agree comprises the rentable square footage of the office area of the Building.”

Tenant’s Expense Share for the New Premises, only means 0.2152%.

Tenant’s Expense Share shall be that percentage of Operating Expenses derived by dividing the Rentable Area contained within the Premises (as the same may from time to time increase or decrease) by the Rentable Area contained in the Office Space. As of the date of this Lease, Tenant’s Expense Share is agreed to be 2.9843%.