Tenant’s Project Share. The share as specified in Section 1.01(16) and Section 4.01.
Tenant’s Project Share means the percentage derived by the quotient of the Rentable Area of the Premises divided by the Rentable Area of the Project, which Landlord and Tenant acknowledge and agree shall be the percentage set forth in the Summary. Notwithstanding the foregoing, Tenant’s Building Share and Tenant’s Project Share shall be subject to increase or reduction (in an amount Landlord shall, in good faith, determine), based upon any increase or reduction in the Rentable Area of the Building and/or the Project.
Tenant’s Project Share means the percentage set forth in Section 6.2 of the Summary.
Examples of Tenant’s Project Share in a sentence
In the event the Project is developed in a manner which results in separate legal parcels comprising some or all of the Common Areas, then with respect to those Common Area parcels, Real Property Taxes shall be calculated using Tenant’s Project Share (as opposed to Tenant’s Building Share).
Includes all fees, charges (including parking charges), expenses, fines, assessments, interest or other sums payable by Tenant pursuant to this Lease other than (a) Tenant’s Project Share of (i) Project Taxes, (ii) Project Insurance Costs and (iii) Project Operating Costs, (b) Tenant’s Building Share of (i) Building Taxes, (ii) Building Insurance Costs and (iii) Building Operating Costs and (c) Tenant’s Utility Costs due under this Lease.
Notwithstanding the foregoing, Tenant’s Building Share and Tenant’s Project Share shall be subject to increase or reduction (in an amount Landlord shall, in good faith, determine), based upon any increase or reduction in the Rentable Area of the Building and/or the Project.
As used herein, the term “Tenant’s Share” shall mean Tenant’s Building Share or Tenant’s Project Share (as defined below), as applicable.
Parking Spaces: (Section 2.03) Tenant’s Project Share of the parking spaces serving the Project, as provided for in Section 2.03.
More Definitions of Tenant’s Project Share
Tenant’s Project Share. The term "Tenant's Project Share" shall mean the percentage obtained by dividing the rentable square footage of the Leased Premises at the time of calculation by the rentable square footage of all buildings located on the Property at the time of calculation. Such percentage is currently 19.42%. In the event that any portion of the Property is sold by Landlord, or the rentable square footage of the Leased Premises or the Property is otherwise changed, Tenant's Expense Share shall be recalculated to equal the percentage described in the first sentence of this paragraph, so that the aggregate Tenant's Expense Share of all tenants of the Property shall equal 100%. Tenant's Expense Share is subject to adjustment as set forth in Paragraphs 13.12(b) and 13.12 (c).
Tenant’s Project Share means, subject to Section 1.3 above, the percentage set forth in Section 9.5 of the Summary. Tenants Project Share was calculated by dividing the number of rentable square feet of the Premises by the total rentable square feet in the buildings within the Project as of the date hereof (i.e., the Building and Building II), and stating such amount as a percentage. In the event either the rentable square feet of the Premises and/or the total rentable square feet of the buildings within the Project is changed (in accordance with the BOMA Standard in Section 1.3 above), including, but not limited to, in the event the Adjacent Building is constructed and made a pan of the Project in accordance with Section 1.1.2 above, then Tenant's Project Share shall be appropriately adjusted and, as to the Expense Year in which such adjustment occurs, Tenant's Project Share for such year shall be determined on the basis of the number of days during such Expense Year that each such Tenants Project Share was in effect.
Tenant’s Project Share. Tenant's Project Share" shall mean the percentage set forth in Section 6.2 of the Summary.
Tenant’s Project Share means the percentage obtained by dividing the rentable square footage of the Leased Premises at the time of calculation by the rentable square footage of the Buildings and the Other Buildings (excluding Building D, Building G, and any other Building not yet constructed, unless and until each such Building is completely constructed and ready for occupancy) at the time of calculation. Such percentage is currently 31.20%. In the event that any portion of the Project is sold by Landlord, or if new improvements are constructed on the Project (e.g., Building F and Amenities Building Building D, Building G, or other improvements), or if the rentable square footage of the Leased Premises, the Buildings, or the Other Buildings is otherwise changed (other than by mere re-measurement after the determination of the rentable square footage pursuant to Paragraph 2.1(b) below), Tenant’s Project Share shall be recalculated to equal the percentage described in the first sentence of this paragraph, so that the aggregate Tenant’s Project Share of all tenant space in the Project shall equal 100% (calculated as if the Buildings and the Other Buildings were fully occupied). Landlord and Tenant agree that any mere re-measurement after the determination of the rentable square footage pursuant to Paragraph 2.1(b) below (as opposed to an actual physical change) shall not result in a change in rentable square footage.
Tenant’s Project Share means 3.17% (calculated by dividing Rentable Area in the Premises (20,180) by the Project Rentable Area (635,984)). Tenant's Project Share of Project Expenses shall normally be computed by multiplying such percentage by 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.
Tenant’s Project Share means the amount (expressed as a percentage) equal to (a) the Leasable Square Footage of the Premises divided by (b) the Leasable Square Footage of the Buildings; provided, however, that for purposes of determining Tenant’s Project Share of the Food Service Costs, Tenant’s Project Share means the amount (expressed as a percentage) equal to (i) the Floor Area of the Premises divided by (ii) the Floor Area of all leased and occupied space in the Buildings. The percentage determined by the preceding sentence shall be rounded upward to the nearest one-tenth of one percent (0.1%). Initially, Tenant’s Project Share (other than with respect to Food Service Costs) shall be 4.1% (16,070/397,349). Tenant’s Project Share shall be recalculated at any time at which the Leasable Square Footage of either the Premises or the Buildings is changed, and Tenant’s Project Share with respect to Food Service Costs shall be recalculated upon each change in the level of occupancy of the Buildings.
Tenant’s Project Share. The share as specified in Section 1.01(18) and Section 4.01. TENANTS RENTABLE AREA OF THE BUILDING: The amount of square footage set forth in Section 1.01(11).