Definition of Tenants Operating Costs Share

  1. Tenants Operating Costs Share means a fraction, the numerator of which is the Floor Area of the Leased Premises and the denominator of which is the total Floor Area of the office portion of the Building, which is 44,840 rentable square feet, as measured in accordance with BOMA. Tenants Operating Costs Share is currently 49:63%.

Examples of Tenants Operating Costs Share in a sentence

  1. Notwithstanding any contrary provision contained in the Lease, as hereby amended, Tenant shall continue to pay Tenants Operating Costs Share of Operating Expenses in connection with the Existing Premises which arise or accrue prior to Expansion Commencement Date, in accordance with the terms of the Lease.

Definition of Tenants Operating Costs Share in Lease Agreement

Tenants Operating Costs Share means a fraction, the numerator of which is the Floor Area of the Leased Premises and the denominator of which is the total Floor Area of the office portion of the Building, which is 44,840 rentable square feet, as measured in accordance with BOMA. Tenants Operating Costs Share is currently 49:63%.