Definition of Tenants Pro Rata Share

  1. Tenants Pro Rata Share means seventeen point nine four (17.94%), which is the quotient (expressed as a percentage), derived by dividing the Approximate Rentable Area in the Premises by the Approximate Rentable Area in the Building.
  2. Tenants Pro Rata Share means 20.92%.
  3. Tenants Pro Rata Share means One Hundred Percent (100%).

Examples of Tenants Pro Rata Share in a sentence

  1. If this Lease is not terminated, Base Rent and Tenants Pro Rata Share shall be appropriately adjusted to account for any reduction in the square footage of the Building or Premises.
  2. For the Reduced Term, Tenant shall continue to pay Tenants Pro Rata Share of Operating Expenses payable under Article 4 of the Lease.
  3. Tenants Pro Rata Share of Operating Expenses, including utilities, but excluding Real Estate Taxes (see Section 4.

Definition of Tenants Pro Rata Share in Lease

Tenants Pro Rata Share means seventeen point nine four (17.94%), which is the quotient (expressed as a percentage), derived by dividing the Approximate Rentable Area in the Premises by the Approximate Rentable Area in the Building.


Definition of Tenants Pro Rata Share in Office Lease Agreement

Tenants Pro Rata Share means the percentage calculated by dividing the rentable area of the Premises (numerator) by the rentable area of the Building (denominator), and expressing the fraction as a percentage.; (b) Gross-Up Adjustment. if the Building is less than fully occupied or if Building Standard Landlord Services are not provided to the entire Building during the Base Year or any Adjustment Period, then Operating Expenses for the Base Year or such Adjustment Period shall be "grossed up" by Landlord to that amount of Operating Expenses that, using reasonable projections, would normally be expected to be incurred during the Base Year or Adjustment Period if the Building was ninety-five percent (95%) occupied and receiving Building Standard Landlord Services during the Adjustment Period, as determined under generally accepted accounting principles consistently applied. (c) Payment by Tenant. If the Operating Expenses for any Adjustment Period exceeds the Base Operating Expenses (any such excess being known collectively as the "Expense Increase"), then Tenant agrees to pay Landlord as additional rent (the "Additional Rent ") Tenant's Pro Rata Share of the Expense Increase. (d) Manner of Payment. (i) Landlord may give Tenant notice of Landlord's estimate of amounts payable under this Section 3.2 for each Adjustment Period based upon generally accepted accounting principles consistently applied. By the first day of each month during the Adjustment Period, Tenant shall pay Landlord one-twelfth (1/12th) of the estimated amount. If for any reason the estimate is not given before the Adjustment Period begins, Tenant shall continue to pay on the basis of the previous year's estimate, if any, until the month after the new estimate is given. (ii) Within one hundred twenty (120) days after each Adjustment Period ends, or as soon thereafter as reasonably practical, Landlord shall give Tenant a statement (the "Statement") showing the: (A) actual Operating Expenses for the Adjustment Period; (B) Base Operating Expenses; (C) the Expense Increase for the Adjustment Period; (D) the amount of Tenant's Pro Rata Share of the Expense Increase; (E) the amount, if any, paid by Tenant during the Adjustment Period towards the Expense Increase; and (F) the amount Tenant owes towards the Expense Increase or the amount Landlord owes as a refund. Delay by Landlord in providing to Tenant any Statement shall not relieve Tenant from the obligation to pay any Expense Increase upon the rendering of such Statements. (iii) If the Statement shows that the actual amount Tenant owes for the Adjustment Period is less than any estimated Expense Increase paid by Tenant during the Adjustment Period, Landlord shall return the difference (the "Overpayment"). If the Statement shows that the actual amount Tenant owes is more than any estimated Expense Increase paid by Tenant during the Adjustment Period, Tenant shall pay the difference (the "Underpayment"). The Overpayment or Underpayment shall be paid within thirty (30) days after the Statement is delivered to Tenant. (iv) During any Adjustment Period in which this Lease is not in effect for a complete calendar year, unless it was ended due to Tenant's default, Tenant's obligation for Additional Rent for those Adjustment Periods shall be prorated by multiplying the Additional Rent for the Adjustment Period by a fraction expressed as a percentage, the numerator of which is the number of days of the Adjustment Period included in the Term and the denominator of which is 365.


Definition of Tenants Pro Rata Share in Lease Agreement

Tenants Pro Rata Share means One Hundred Percent (100%).