Tenant’s Percentage Share definition

Tenant’s Percentage Share means the percentage specified in the Basic Lease Information.

Tenant’s Percentage Share means a fraction, the numerator of which is the total number of square feet of Rentable Square Feet within the Leased Premises and the denominator of which is the greater of (i) ninety-five percent (95%) of the total square footage of all Rentable Square Feet in the Building (exclusive of any retail space) held for lease, or (ii) the total square footage of all Rentable Square Feet in the Building (exclusive of any retail space) actually leased to rent paying tenants.

Tenant’s Percentage Share means the percentage set forth in Item 5.2 of the Basic Lease Provisions; provided, however, that Landlord shall as appropriate during the Term of this Lease recalculate Tenant’s Percentage Share (based solely on the increase or decrease of tenantable space or re-measurement of space in the Project), in which case Tenant’s Percentage Share shall be 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 Building and expressing such quotient in the form of a percentage.

Examples of Tenant’s Percentage Share in a sentence

• For the purposes of determining Tenant’s Percentage Share of Escalation Rent, Tenant’s Percentage Share shall be determined on the basis of the number of days during such calendar year at each such Percentage Share.

• 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 Tenant’s Percentage Share and will not, except as otherwise provided in this Lease, be changed.

• In the event Tenant’s Percentage Share is changed during a calendar year by reason of a change in the Rentable Area of the Premises or a change in the total Rentable Area of the Building, Tenant’s Percentage Share shall thereafter mean the result obtained by dividing the then Rentable Area of the Premises by the then total Rentable Area of the Building and multiplying such quotient by one hundred (100).

• Landlord and Tenant agree that the abatement of Base Rental and Tenant’s Percentage Share of Operating Expenses in this Section is conditional and is made by Landlord in reliance upon Tenant's faithful and continued performance of the terms, conditions and covenants of this Amendment and the Lease and the payment of all monies due Landlord hereunder.

• Tenant shall be entitled to a reasonable number of entries in the directory commensurate with Tenant’s Percentage Share.

More Definitions of Tenant’s Percentage Share

Tenant’s Percentage Share means () percent with respect to increase in Property Taxes and Operating Expenses (as such terms are hereinafter defined). Landlord may reasonably re-determine Tenant's Percentage Share from time to time to reflect reconfigurations, additions or modifications to the Building.

Tenant’s Percentage Share means the Rentable Area of the Premises divided by the total Rentable Area of the Building, which shall be deemed to be 92.27% as of August 1, 1993, subject to further adjustment under subparagraph 2.D. above.

Tenant’s Percentage Share means the percentage figure specified in the Basic Lease Information. Tenant acknowledges that the Basic Lease Information may set forth different percentage shares of Operating Expenses and Property Taxes or a single percentage share applicable to both.

Tenant’s Percentage Share means the percentage set forth in the BLI Rider. Landlord and Tenant acknowledge that Tenant's Percentage Share has been obtained by taking the net rentable area of the Premises, which Landlord and Tenant hereby stipulate for all purposes is the amount set forth in the BLI Rider, and dividing such number by the total net rentable area of the Building, which Landlord and Tenant hereby stipulate for all purposes is 30,872 net rentable square feet, and multiplying such quotient by 100. In the event Tenant's Percentage Share is changed during a calendar year by reason of a change in the net rentable area of the Premises, Tenant's Percentage Share shall thereafter mean the result obtained by dividing the new net rentable area of the Premises by 30,872 net rentable square feet and multiplying such quotient by 100 and for the purposes of Section 3.(b) Tenant's Percentage Share shall be determined on the basis of the number of days during such calendar year applicable to each such Tenant's Percentage Share.

Tenant’s Percentage Share means the percentage figure so specified in the Basic Lease Information. Tenant's Percentage Share has been computed by dividing the floor(s) of the Premises by the total rentable square footage of Floors 1-5 (whether occupied or not) and multiplying the resulting quotient by 100.

Tenant’s Percentage Share means a percentage which is equal to the number of the rentable square footage of the Premises divided by the total number of rentable square footage contained in the Building of which the Premises are a part. The parties hereby agree that: (1) the Premises consist of 40,945 rentable square feet of area; (2) the Building of which the Premises are a part consists of a total of 83,172 rentable square feet of area; and (3) the Tenant’s Percentage Share is forty-nine and 22/100 percent (49.22%) in reference to the Building of which the Premises are a part. Landlord and Tenant each acknowledge that the Base Rent specified in Paragraph 3 of the Lease does not provide for Operating Expenses and Real Estate Taxes which may hereafter pertain to the Building of which the Premises are a part. Tenant shall pay as Additional Rent its proportionate share of Real Estate Taxes and Operating Expenses as follows:

Tenant’s Percentage Share means the percentage computed by Landlord from time to time by dividing the gross rentable area of the Premises by the total gross rentable area of the Unit, as both are reasonably computed by Landlord, and in the event that either the gross rentable area of the Premises or the total gross rentable area of the Unit is changed, Tenant’s Percentage Share will be appropriately adjusted and, as to the Tax Year in which such change occurs, Tenant’s Percentage Share shall be determined on the basis of the number of days during such Tax Year at each such percentage. In the event Tenant leases all of the Unit the Tenant’s Percentage Share shall be one hundred percent (100%). The initial determination of Tenant’s Percentage Share is set forth in Article 1 hereof.