Tenant’s Pro Rata Share definition
Examples of Tenant’s Pro Rata Share in a sentence
However, if such early access to the Premises is permitted by Landlord for the sole purpose of performing improvements or installing furniture, equipment or other personal property, Tenant shall not be required to pay Base Rent, Tenant’s Pro Rata Share of Operating Expenses and the Electrical Costs Payment (if applicable) for any days of such early access; provided however, Tenant shall pay for the cost of any other Building services requested by Tenant (e.g., freight elevator usage).
If the Term commences on a day other than the first day of a calendar month, the monthly Base Rent, Tenant’s Pro Rata Share of Operating Expenses, and the Electrical Costs Payment (if applicable) for the month shall be prorated on a daily basis based on a 360-day calendar year.
Tenant’s possession of the Premises for such purpose shall be subject to all of the terms and conditions of this Lease, including the obligation to pay Base Rent, Tenant’s Pro Rata Share of Operating Expenses, and the Electrical Costs Payment on a per diem basis at the rate in effect for the last month of the Term.
T▇▇▇▇▇ does hereby authorize Landlord to withhold from the Security Deposit all amounts allowed by Law and the amount reasonably anticipated by Landlord to be owed by T▇▇▇▇▇ as a result of an underpayment of Tenant’s Pro Rata Share of any Operating Expenses, or underpayment of the Electrical Costs Payment, for the final year of the Term.
As consideration for this Lease, commencing on the Commencement Date, Tenant shall pay Landlord, without any demand, setoff or deduction, the total amount of Base Rent, Tenant’s Pro Rata Share of Operating Expenses (defined in Section 4.B), the Electrical Costs Payment (defined in Section 4.H) (if applicable), and any and all other sums payable by Tenant under this Lease (all of which are sometimes collectively referred to as “Rent”).