Definition of Tenants Proportionate Expense Share


Tenants Proportionate Expense Share shall mean the percentage specified in ARTICLE 1 hereof, being the percentage calculated by dividing the rentable area contained in the Premises by 824,186 (being 95% of the rentable square foot area of the Office Section).
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Examples of Tenants Proportionate Expense Share in a sentence

Tenant shall pay to Landlord or Landlords agent as Additional Rent, a sum (Adjustment Amount) equal to the sum of (i) Tenants Proportionate Expense Share multiplied by the amount by which (a) Operating Expenses incurred in each Calendar Year exceeds (b) Base Year Operating Expenses plus (ii) Tenants Proportionate Tax Share multiplied by the amount by which (a) Taxes payable with respect to each Calendar Year exceeds (b) Base Year Taxes.
The New Premises shall contain not less rentable square footage as the Committed Non-Tower IV Premises and in no event will the Base Rent or Tenant's Proportionate Expense Share or Proportionate Tax Share be increased by reason of the substitution.