Tenant's Operating Proportionate Share definition

Tenant's Operating Proportionate Share means a fraction (expressed as a percentage) which the numerator is the rentable square foot area of the Premises and the denominator is the total rentable square foot area of the Building exclusive of retail space (as set forth in Section 1.06 as annually recalculated each year as therein provided) is 12.788%.
Sample 1
Tenant's Operating Proportionate Share means the quotient (expressed as a percentage) obtained by (x) dividing the number of rentable square feet in the demised premises (exclusive of Mechanical Space and retail space) based on Exhibit G hereof by (y) 2,125,395 based on Exhibit G hereof. As of the Rent Commencement Date, Tenant's Operating Proportionate Share shall be fifty-one and eleven one hundredths percent (51.11%).
Sample 1
Tenant's Operating Proportionate Share means the quotient (expressed as a percentage) obtained by (x) dividing the number of rentable square feet in the demised premises based on Exhibit G hereof by (y) 2,125,395 based on Exhibit G hereof. As of the Rent Commencement Date, Tenant's Operating Proportionate Share shall (assuming no change in the number of rentable square feet contained in the demised premises occurs between the date of execution of this Lease and the Rent Commencement Date) be 3.71%. Inasmuch as Landlord may, pursuant to Sections 27.04(f), 27.02, and 27.05 be providing air-conditioning service and janitorial and cleaning services and elevator services to all or portions of the demised premises at times when Landlord is not furnishing those services to the tenant under the CSFB Lease, Tenant's Operating Proportionate Share of the components of Operating Expenses attributable to the cost and expenses of providing such services (including the costs for repair, maintenance and deferred maintenance of the systems and equipment, needed or used to provide such services) shall be determined by multiplying such costs and expenses times the quotient (expressed as a percentage) obtained by dividing the number of rentable square feet of space contained in the demised premises (based on Exhibit G hereof) being provided with the applicable air-conditioning and/or janitorial and cleaning and/or elevator services by (ii) the aggregate number of rentable square feet of space in the Building to which the particular component of the applicable operating Expense incurred or paid by Landlord in the providing of the applicable air-conditioning and/or janitorial and cleaning and/or elevator services relate.
Sample 1

Examples of Tenant's Operating Proportionate Share in a sentence

  • Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of rent is applicable, one-twelfth (1/12th) of Tenant's Operating Proportionate Share of the estimated increase in such costs.

  • Definitions of Fiscal Year, Operating Costs, Tenant's Operating Proportionate Share and the method for billing and payment of Operating Adjustment Rent are set forth in Paragraphs 2B and 2D.

  • Such estimates may be If Landlord's estimate of Operating Costs in any Year reflects an increase in the Operating Costs beyond the Base Costs set forth in the Schedule, upon notice from Landlord, Tenant shall pay Landlord one twelfth (1/12th) of Tenant's Operating Proportionate Share of such estimated increase in such costs for each month in such Year on the first day of each calendar month during the Year.

  • If any changes are made to this Lease or to the Property changing the number of Rentable Square Feet contained in the Leased Premises or significantly changing the number of Rentable Square Feet in the Property, Tenant's Operating Proportionate Share and Tenant's Tax Proportionate Share may be appropriately adjusted.

  • If at one or more times during such Year Landlord revises its estimate of Operating Costs for such Year, Landlord may notify Tenant of such revised estimate and of the increase or decrease in Tenant's Operating Proportionate share of such revised estimate payable monthly thereafter during such Year necessary to cause the total monthly payments during such Year to equal Landlord's then current estimate of the Tenant's Operating Proportionate Share for such Year.

  • Tenant's Operating Adjustment Rent shall be equal to the product of Tenant's Operating Proportionate Share multiplied by the Operating Costs for such Fiscal Year.

  • The results show no significant main effects of prominence ( F(1, 226) = 2.59, p = .109) or celebrity expert endorsement (F(1, 226) = 2.02, p = .157), and a significant main effect of video liking (F(1, 226) = 19.21, p < .001) on purchase intention of Solo.

  • Operating Adjustment Rent to be paid monthly in advance in an estimated amount as adjusted by Landlord from time to time to cover Tenant's Operating Proportionate Share of the increase in any Comparison Year in Operating Costs for said Comparison Year over Base Costs.

  • If Landlord's estimate of Operating Costs in any Fiscal Year reflects an increase in the Operating Costs for such Fiscal Year, upon notice from Landlord and within ten days (10) after such notice, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant's Operating Proportionate Share of such estimated increase in such costs for each month in such Fiscal Year to date of such payment minus payments of estimated Operating Adjustment Rent previously paid for said period.


More Definitions of Tenant's Operating Proportionate Share

Tenant's Operating Proportionate Share means 2.23
Sample 1
Tenant's Operating Proportionate Share means 5.58%.
Sample 1
Tenant's Operating Proportionate Share shall be adjusted to mean the percentage that represents a fraction the numerator of which is the number of square feet of rentable area in the Premises (excluding the 777 Premises) and the denominator of which is the aggregate number of square feet of rentable area of all buildings then comprising the Core Campus.
Sample 1
Tenant's Operating Proportionate Share means 8.3 (8.3%) percent.
Sample 1

Related to Tenant's Operating Proportionate Share

  • Tenant’s Proportionate Share is, subject to the provisions of this Paragraph 3, the percentage number described in Item 4 of the Basic Lease Provisions. Tenant's Proportionate Share represents a fraction, the numerator of which is the number of square feet of Rentable Area in the Premises and the denominator of which is the number of square feet of Rentable Area in the Project, as determined by Landlord pursuant to Subparagraph 2(d) above.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following:

  • Proportionate Share means, with respect to any Lender, the percentage obtained by dividing (a) the Commitment (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of such Lender then in effect by (b) the sum of the Commitments (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of all Lenders then in effect.

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance, and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Reasonable Operating Expenses means expenses that arise from the operation, maintenance and routine repair of the Project, including all payments and deposits required under this Agreement and any of the Loan Documents, and that comply with the requirements of 24 C.F.R. 232.1007, or successor regulation.

  • Controllable Operating Expenses means those Project Operating Expenses for which increases are reasonably within the control of Landlord, and shall specifically not include, without limitation, Taxes, assessments, refuse and or trash removal, insurance, collectively bargained union wages, electricity and other utilities. There shall be no limitation on the amount of increase from year to year on Project Operating Expenses which are not Controllable Operating Expenses.

  • Approved Operating Expenses operating expenses incurred by Borrower which (i) are included in the Approved Operating Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Property or (iii) have been approved by Lender, such approval not to be unreasonably withheld, conditioned or delayed.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Total Operating Expenses means all costs and expenses paid or incurred by the Company, as determined under generally accepted accounting principles, that are in any way related to the operation of the Company or to Company business, including advisory fees, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and tax incurred in connection with the issuance, distribution, transfer, registration and Listing of the Shares, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines, (vi) Acquisition Fees and Acquisition Expenses, (vii) real estate commissions on the Sale of Properties, (viii) Financing Coordination Fees and (ix) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgage loans or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair and improvement of property).

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Total Fund Operating Expenses with respect to a Fund is defined to include all expenses necessary or appropriate for the operation of the Fund including the Adviser’s investment advisory or management fee under the Advisory Agreement and other expenses described in the Advisory Agreement that the Fund is responsible for and have not been assumed by the Adviser, but excludes front-end or contingent deferred loads, taxes, leverage expenses, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any.

  • Annual Operating Expenses for the Class means and will consist only of the following operating expenses of the Series for the Class that are, under generally accepted accounting principles, accruable and deductible from the Series’ assets with respect to the Class for the period involved: (i) investment advisory fees, if any; (ii) Rule 12b-1 distribution fees, if any; and (iii) custodian fees, shareholder servicing fees, administrative and office facilities expenses, professional fees, trustees’ fees and any other operating expenses of the Series with respect to the Class that are recorded or includable in the Series’ statement of operations in accordance with generally accepted accounting principles. Notwithstanding the provisions of the immediately preceding sentence, the Series’ “Annual Operating Expenses” for the Class do not include “acquired fund expenses”, interest and dividends on securities sold short, amortization of organization expenses, taxes, brokerage commissions, litigation and indemnification expenses or any costs or expenses of or for the Series with respect to the Class that are “extraordinary” as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). Very truly yours, ROYCE & ASSOCIATES, LLC By: /s/ Xxxx X. Xxxxxxxxx Xxxx X. Xxxxxxxxx Chief Operating Officer ACCEPTED: THE ROYCE FUND By: /s/ Xxxx X. Xxxxxxxxx Xxxx X. Xxxxxxxxx Vice President [Royce & Associates, LLC letterhead] December 31, 2008 The Royce Fund 0000 Xxxxxx xx xxx Xxxxxxxx Xxx Xxxx, XX 00000 Re: Fee Waiver and Expense Reimbursement – Royce Low-Priced Stock Fund (R Class) Gentlemen: Reference is made to the Investment Advisory Agreement dated October 1, 2001 (the “Agreement”) by and between The Royce Fund (the “Fund”) on behalf of Xxxxx Xxx-Priced Stock Fund (the “Series”) and Royce & Associates (the “Adviser”). Notwithstanding the provisions of Section 4 (Compensation of the Adviser) of the Agreement, the Adviser hereby waives compensation for services provided by it under the Agreement for the period beginning January 1, 2009 and ending April 30, 2010 (the “Period”), and/or agrees to reimburse expenses relating to the Period to the Series with respect to the Class in an amount, if any, necessary so that the Series’ “Annual Operating Expenses” for its R Class of shares (the “Class”) are not more than 1.84% of the Class’ average net assets for the Period. The Adviser hereby also waives compensation for services provided by it under the Agreement to the Series with respect to the Class, and/or agrees to reimburse expenses to the Series with respect to the Class for each subsequent annual period through the annual period ending April 30, 2019 (but not for any annual period thereafter) in an amount, if any, necessary so that the Series’ Annual Operating Expenses for the Class are not more than 1.99% of the Class’ average net assets for such annual period. The Adviser’s obligations to reimburse the Series with respect to the Class hereunder will not apply for any period when the Adviser is not rendering services to such Series under the Agreement.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Rentable Area of Premises on Page 1 of the Lease shall be deleted in their entirety and replaced with the following:

  • Square Footage means the total gross horizontal areas of all floors, including usable basement and cellars, below the roof and within the outer surface of the main walls of buildings (or the center lines of party walls separating such buildings or portions thereof) or within lines drawn parallel to and two feet within the roof line of any building or portion thereof without walls (which includes, notwithstanding paragraph 3 below, the square footage of all porches), and including pedestrian access walkways or corridors, but excluding the following:

  • Tenant’s Pro Rata Share are both subject to adjustment as provided in this Lease. Definition or Provision Means the Following (As of the Term Commencement Date} Approximate Rentable Area of Premises 11,173 square feet Approximate Rentable Area of Project 67,998 square feet Tenant’s Pro Rata Share of Project 16.43%

  • Rentable Area when applied to the Premises, is that area equal to the usable area of the Premises, plus an equitable allocation of Rentable Area within the Building that is not then utilized or expected to be utilized as usable area, including that portion of the Building devoted to corridors, equipment rooms, restrooms, elevator lobby, atrium and mailroom.