Definition of Tenant's Percentage Share

  1. Tenant's Percentage Share means, with respect to Property Taxes and Insurance, 14.4% (provided that if the area of the Datacenter Space or the area of all of the data center space in the Project changes, Landlord may recalculate Tenant's Percentage Share with respect to Property Taxes and Insurance, in which case Tenant's Percentage Share with respect to Property Taxes and Insurance shall be recalculated by dividing the number of square feet of rentable area in the Datacenter Space by the number of square feet of data center space in the Project, and expressing such quotient in the form of a percentage). Landlord and Tenant acknowledge that Tenant's Percentage Share is a "deemed" share, which has been calculated by taking into consideration the rentable square feet of all space that is included collectively in and/or serving the Datacenter Space.

Definition of Tenant's Percentage Share in Amendment to Lease

Tenant's Percentage Share means that fraction, the numerator of which is the total number of rentable square feet of space contained within the Additional Retail Premises and the denominator of which is the total number of rentable square feet within the Center less (A) the area leased to Majors, and (B) the square footage occupied by tenants on the second floor of the Center. Commencing on the first day of the third full calendar year of the Additional Retail Term, in no event shall Tenants payment of Tenants Percentage Share of Operating Expenses increase by more than 5% over the previous calendar years Operating Expenses due hereunder (excluding from the foregoing cap taxes, insurance, utilities, and any other expense not controllable by Landlord).


Definition of Tenant's Percentage Share in Office Lease

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.


Definition of Tenant's Percentage Share in Industrial Lease Agreement

Tenant's Percentage Share means the percentage specified in the Basic Lease Information and is 34%.