Definition of Tenant's Proportionate Share of Common Operating Expenses

  1. Tenant's Proportionate Share of Common Operating Expenses means, for each calendar year (or portion thereof), 14.09% of the Operating Expense Amount (defined below), which percentage is calculated by dividing the rentable area of the Premises (numerator) by the rentable area of the Building (denominator), and expressing the fraction as a percentage. As of the date hereof, the rentable area of the Building is 37,864 square feet. As used herein, the "Operating Expense Amount" shall mean, for each calendar year, or portion thereof, the amount by which the Common Operating Expenses exceeds the Base Year Common Operating Expenses.

Definition of Tenant's Proportionate Share of Common Operating Expenses in Lease

Tenant's Proportionate Share of Common Operating Expenses means, for each calendar year (or portion thereof), 14.09% of the Operating Expense Amount (defined below), which percentage is calculated by dividing the rentable area of the Premises (numerator) by the rentable area of the Building (denominator), and expressing the fraction as a percentage. As of the date hereof, the rentable area of the Building is 37,864 square feet. As used herein, the "Operating Expense Amount" shall mean, for each calendar year, or portion thereof, the amount by which the Common Operating Expenses exceeds the Base Year Common Operating Expenses.