Tenant’s Proportionate Share definition
Tenant’s Proportionate Share is, subject to the provisions of this Paragraph 3, the percentage number described in Item 4 of the Basic Lease Provisions. Tenant's Proportionate Share represents a fraction, the numerator of which is the number of square feet of Rentable Area in the Premises and the denominator of which is the number of square feet of Rentable Area in the Project, as determined by Landlord pursuant to Subparagraph 2(d) above.
Tenant’s Proportionate Share shall be the result of the fraction, the numerator of which is the Rentable Floor Area of Tenant's Space (as it may be increased from time to time) and the denominator of which is the Total Rentable Floor Area of the Building. Not later than one hundred and twenty (120) days after the end of the first calendar year or fraction thereof ending December 31 and of each succeeding calendar year during the Term or fraction thereof at the end of the Term, Landlord shall render Tenant a statement in reasonable detail and according to usual accounting practices certified by a representative of Landlord, showing for the preceding calendar year or fraction thereof, as the case may be, the Cafeteria Operating Deficit, if any, and the calculation thereof and Tenant's Proportionate Share thereof. Said statement to be rendered to Tenant shall also show for the preceding year or fraction thereof as the case may be the amounts of the Cafeteria Operating Deficit already paid by Tenant as Additional Rent, and the amount of Cafeteria Operating Deficit remaining due from, or overpaid by, Tenant for the year or other period covered by the statement. Within thirty (30) days after the date of delivery of such statement, Tenant shall pay to Landlord the balance of the amounts, if any, required to be paid pursuant to the above provisions of this Section 8.21 with respect to the preceding year or fraction thereof, or Landlord shall credit any amounts due from it to Tenant pursuant to the above provisions of this Section 8.21 against (i) monthly installments of fixed rent next thereafter coming due or (ii) any sums then due from Tenant to Landlord under this Lease (or refund such portion of the overpayment as aforesaid if the Term has ended and Tenant has no further obligation to Landlord). In addition, Tenant shall make payments monthly on account of Tenant's share of the Cafeteria Operating Deficit anticipated for the then current year at the time and in the fashion herein provided for the payment of fixed rent. The amount to be paid to Landlord shall be an amount reasonably estimated annually by Landlord to be sufficient to cover, in the aggregate, a sum equal to Tenant's Proportionate Share of such Cafeteria Operating Deficit for each calendar year during the Term. Notwithstanding anything herein contained to the contrary, in no event shall Tenant's payment respecting Tenant's Proportionate Share of the Cafeteria Operating Deficit exceed $750.00 per calendar month.
Tenant’s Proportionate Share means the fraction, the denominator of which is the Building Area and the numerator of which is the Demised Premises Area.
Examples of Tenant’s Proportionate Share in a sentence
During the Term (but subject to the following subparagraph of this Section 4.01 below), Tenant hereby covenants and agrees to pay to Landlord, without any setoff or deduction (except to the extent expressly set forth in this Lease), (a) all Base Rent (as provided in Section 1), (b) Tenant’s Proportionate Share of the Expenses and Taxes (as provided in Exhibit B attached hereto), and (c) all other Additional Rent due for the Term (collectively referred to as “Rent”).
If this Lease is not terminated, Base Rent and Tenant’s Proportionate Share shall be appropriately adjusted to account for any reduction in the square footage of the Building or Premises.
More Definitions of Tenant’s Proportionate Share
Tenant’s Proportionate Share means a fraction, the numerator of which is Tenant’s Portion and the denominator of which is the then- current Budget. Upon notice to Tenant, Landlord may equitably adjust Landlord’s Proportionate Share and Tenant’s Proportionate Share from time to time based on changes in the anticipated Tl Costs. After the end of each calendar month, beginning with the month in which Landlord obtains the Budget: (i) Landlord shall determine the Tl Costs incurred for the prior calendar month (and if applicable, for the period prior to Lease execution) (collectively, the “Total Monthly Costs”), (ii) Tenant shall reimburse Landlord within the time period set forth in Section 5(f) below for Tenant’s Proportionate Share of Total Monthly Costs, and (iii) Landlord shall pay Landlord’s Proportionate Share of Total Monthly Costs from the remaining amount of the Tl Allowance.
Tenant’s Proportionate Share or "Tenant's Share", as used with respect to an item pertaining to the Building, shall each mean that percentage obtained by dividing the leasable square footage contained within the Leased Premises (as set forth in Article 1) by the total leasable square footage contained within the Building as the same from time to time exists or, as used with respect to an item pertaining to the Project, shall each mean that percentage obtained by dividing the leasable square footage contained within the Leased Premises (as set forth in Article 1) by the total leasable square footage contained within the Project as the same from time to time exists, unless, as to any given item, such a percentage allocation unfairly burdens or benefits a given tenant(s), in which case Landlord shall have the exclusive right to equitably allocate such item so as to not unfairly burden or benefit any given tenant(s). Landlord's determination of any such special allocation shall be final and binding upon Tenant unless made in bad faith.
Tenant’s Proportionate Share means the percentage set forth in Item 7 of the Schedule which has been determined by dividing the Rentable Square Feet of the Premises by the Rentable Square Feet of the Building.
Tenant’s Proportionate Share means the percentage stipulated in the Schedule which is the percentage obtained by dividing the Rentable Area of the Premises by the Rentable Area of the Building.
Tenant’s Proportionate Share. (as set forth in Section 3.02(c) of the Original Lease) shall mean 6.8116%.
Tenant’s Proportionate Share shall be the percentage as stated in Exhibit 1.
Tenant’s Proportionate Share means that proportion, the numerator of which is the Rentable Area of the Premises and the denominator of which is the Rentable Area of the Building;