Definition of Tenant's Percentage Share


Tenant's Percentage Share means the percentage set forth in Item 5.2 of the Basic Lease Provisions which is the number of square feet of Rentable Area in the Premises divided by the number of square feet of Rentable Area in the Project and expressing such quotient in the form of a percentage; provided, however, that Landlord reserves the right from time to time during the Term of this Lease to recalculate Tenant's Percentage Share, to maintain Tenant's Percentage Share as calculated by dividing the number of square feet of Rentable Area in the Premises by the number of square feet of Rentable Area in the Project and expressing such quotient in the form of a percentage.

Examples of Tenant's Percentage Share in a sentence

The parties acknowledge that the Rentable Area of the Premises and the Building have been finally determined by the parties as part of this Lease for all purposes, including the calculation of Tenants Percentage Share and will not, except as otherwise provided in this Lease, be changed.
Tenant shall pay Tenants Percentage Share (as defined below) of the Operating Expenses for the Project.
Tenants Percentage Share of Operating Expenses shall be appropriately adjusted based upon the results of such audit, and the results of such audit shall be final and binding upon Landlord and Tenant.
Tenants Percentage Share of Operating Expenses shall be payable by Tenant within ten (10) days after a reasonably detailed statement of actual expenses is presented to Tenant by Landlord.
All monetary obligations of Tenant to Landlord under the terms of this Lease, including, but not limited to, Base Rent, Tenants Percentage Share of Operating Expenses and late charges shall be deemed to be rent.