Definition of Tenant's Project Share

  1. Tenant's Project Share means the rentable square footage of the Premises divided by the rentable square footage of the Building on the date of calculation, which on the Execution Date is stipulated to be 22.9%.Tenant's Project Share will change during the Term pro rata to the extent the rentable square footage of the Premises and/or the Building changes.

Definition of Tenant's Project Share in Office Building Lease

Tenant's Project Share means 0.70% (calculated by dividing Rentable Area in the Premises (4,430) by the Project Rentable Area (635,984)). Tenant's Project Share of Excess Project Expenses shall normally be computed by multiplying such percentage by Excess Project Expenses, but shall be subject to adjustment as a result of special allocations made pursuant to Section 5.2 and the provisions of Section 5.3. If the Rentable Area of the Premises is changed for any reason, Tenant's Project Share shall be modified by multiplying the percentage specified in this Paragraph (f) by a fraction, the numerator of which shall be the rentable area of the Premises after such change and the denominator of which shall be the rentable area of the Premises immediately before such change. If the rentable area of the Project is changed as a result of any cause not within Landlord's reasonable control (for instance, as a result of a reduction in area due to reconstruction following fire or the exercise or threatened exercise of the right of eminent domain), then Tenant's Project Share shall be recalculated by dividing the rentable area of the Premises after such occurrence by the rentable area of the entire Project after such occurrence.


Definition of Tenant's Project Share in Lease

Tenant's Project Share means the rentable square footage of the Premises divided by the rentable square footage of the Building on the date of calculation, which on the Execution Date is stipulated to be 22.9%.Tenant's Project Share will change during the Term pro rata to the extent the rentable square footage of the Premises and/or the Building changes.