Definition of Tenant's Percentage of Operating Expenses
Tenant's Percentage of Operating Expenses means 65.517 percent, which is the result obtained by dividing the rentable square feet of the Premises by the rentable square feet of all premises within the Building9.
Examples of Tenant's Percentage of Operating Expenses in a sentence
Thereafter Tenant agrees to pay Tenant's Percentage of Operating Expenses based on such revised Estimate Statement until Tenant receives the next calendar year's Estimate Statement or a new revised Estimate Statement for the current calendar year.
Tenant's Percentage is ___________%, and Tenant's Percentage of Operating Expenses currently payable by Tenant is $____________ per month, which amount is Landlord's current estimate of Tenant's Percentage of Operating Expenses in excess of: (Complete One) $ _________________ per year (expense stop), or the Operating Expenses incurred in calendar year _______.
Any delay or failure by Landlord in delivering any Estimate Statement or Actual Statement pursuant to this Section 1.18 shall not constitute a waiver of its right to receive Tenant's payment of Tenant's Percentage of Operating Expenses, nor shall it relieve Tenant of its obligations to pay Operating Expenses pursuant to this Section 1.18, except that Tenant shall not be obligated to make any payments based on such Estimate or Actual Statement until thirty (30) days after receipt of such statement.
In addition to Monthly Base Rent, throughout the Term of this Lease, Tenant agrees to pay Landlord as additional rent in accordance with the terms of this Paragraph 6, Tenant's Percentage of Operating Expenses for the Development as defined below.
The provisions for payment of Tenant's Percentage of Operating Expenses and Tenant's Percentage of Real Property Taxes are intended to pass on to Tenant, and reimburse Landlord for, all costs and expenses of the nature described in Section 6.1 incurred in connection with the ownership, operation, management, insurance, maintenance and repair of the Project.