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
Unless Tenant objects to any such statement within thirty (30) days of receipt thereof, Tenant shall be deemed to have waived the right to make any objections to such statement or to the amount of Tenant’s Proportionate Share of Common Area Maintenance Charges for such calendar year.
Tenant shall pay Landlord an amount equal to Tenant’s Proportionate Share of the Expenses for each calendar year of the Term (the “Expense Payment”).
Tenant’s Proportionate Share shall be calculated by dividing the rentable square feet of the Premises by the square feet of the Property Area, which amounts are agreed to in Article 1.
Tenant shall pay to Landlord Tenant’s Proportionate Share of all Common Area Maintenance Charges (“Pass-Through Charges”), which shall be determined for each year by multiplying the total Common Area Maintenance Charges by Tenant’s Proportionate Share, expressed as a fraction.
In addition to Minimum Rent, Tenant shall be responsible for Tenant’s Proportionate Share of Additional Rent.
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. The term "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 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 for Tenant's reimbursement of Common Operating Costs and other expenses to be pro-rated hereunder means 11% which is the quotient obtained by dividing the total number of square feet of net rentable floor area in the Building into the total number of square feet of net rentable floor area within the Premises.
Tenant’s Proportionate Share means the rentable area of the Leased Premises divided by the rentable area of the Building on the last day of the calendar year for which "Operating Costs" (as defined in Section 4.4) are being determined. Except as provided expressly to the contrary herein, the rentable area of the Building shall include all rentable area of all space leased or suitable for lease in the Building, which Landlord may reasonably re-determine from time to time, to reflect any re-configurations, additions or modifications to the Building. If the Building, or any development of which it is a part, shall contain non-office uses, Landlord shall have the right to determine in accordance with sound accounting and management principles, Tenant's Proportionate Share or of such development, in which event, Tenant's Proportionate Share of the Building shall be based on the ratio of the rentable area of the Leased Premises to the rentable area of such office portion and/or other areas used or useable by Tenant. As and when the Building shall become part of or shall include a complex or group of buildings or structures collectively owned, leased or managed by or on behalf of Landlord or any of its affiliates, Landlord may allocate among the buildings within the complex or group of buildings those categories of Operating Costs which relate to any facilities which are for the common use or benefit of the complex or group of buildings, among such buildings in accordance with sound accounting and management principles. Such common use or benefit facilities shall include, but shall not necessarily be limited to, parking facilities and driveways, sidewalks, connecting bridges and corridors, lobbies, foyers and other public areas, maintained for the common benefit and use of buildings within the complex or group. For purposes of determining Tenant's Proportionate Share, but subject to Landlord's right to re-determine the rentable area of the Building from time to time pursuant to this Section 4.2, Landlord has calculated the rentable area in the Leased Premises and the Building in its reasonable discretion with respect to the layout of multi-tenant floors. The rentable area in the Leased Premises as set forth in Section 1.1 of this Lease is hereby stipulated to be the rentable area of the Leased Premises for all purposes under this Lease, whether the same should be more or less as a result of minor variations resulting from actual construction and completion of the Leased Premises and for actu...
Tenant’s Proportionate Share shall be the percentage as stated in Exhibit 1.
Tenant’s Proportionate Share means the percentage derived from the fraction, the numerator of which is the gross rentable square footage of the Leased Premises (22,310), the denominator of which is the gross rentable square footage of Building Two (105,068). In this Lease, Tenant’s Proportionate Share initially is 21.23%, subject to increase or decrease due to increases or decreases in the gross rentable square footage of the Leased Premises or in Building Two.