Definition of Tenant's Percentage of Operating Expenses

  1. Tenant's Percentage of Operating Expenses means 100.000 percent, which is the percentage determined by dividing the rentable square feet of the Premises (152,120 rentable square feet) by the rentable square feet of the Building (152,120 rentable square feet) (whether or not leased), multiplying the quotient by 100 and rounding to the third (3rd) decimal place, which percentage is subject to adjustment as set forth in the definition of "Premises".

Definition of Tenant's Percentage of Operating Expenses in Lease

Tenant's Percentage of Operating Expenses means 1.26% percent, which is the result obtained by dividing the net usable square feet of the Premises by the net: usable square feet of all premises within the Shopping Center, as reasonably determined by Landlord (1,614 / 128,048). Tenant's Percentage of Operating Expenses shall generally be as stated above, but Tenant acknowledges that there are certain operating expenses that are not shared by all the tenants in the Shopping Center and Tenant's Percentage of Operating Expenses shall be adjusted accordingly.


Definition of Tenant's Percentage of Operating Expenses in Amendment to Lease

Tenant's Percentage of Operating Expenses means 100.000 percent, which is the percentage determined by dividing the rentable square feet of the Premises (152,120 rentable square feet) by the rentable square feet of the Building (152,120 rentable square feet) (whether or not leased), multiplying the quotient by 100 and rounding to the third (3rd) decimal place, which percentage is subject to adjustment as set forth in the definition of "Premises".