Tenant's Proportionate Share of Increase definition

Tenant's Proportionate Share of Increase means 7.97% (which percentage may be adjusted as described above in Section 5.01(e), multiplied by the increase in Operating Expenses for the Operational Year over Operating Expenses for the Base Year. For purposes hereof, the Tenant's Proportionate Share of Increase has been computed based upon a total square footage of the Building equal to 304,000 square feet, and a total square footage of the Demised Premises equal to 24,238 square feet.

Tenant's Proportionate Share of Increase means 50% multiplied by the increase in Taxes in any Operational Year in excess of the Base Taxes. Tenant's Proportionate Share of Increase for the first Operational Year shall be prorated to reflect the actual occupancy by Tenant for said Operational Year.

Tenant's Proportionate Share of Increase means the percentage set forth in Section 3.01(h) multiplied by the increase in Operating Expenses for an Operating Year over Operating Expenses in the Base Year.

Examples of Tenant's Proportionate Share of Increase in a sentence

• Within thirty (30) days after receipt of such statement for any Operational Year setting forth Tenant's Proportionate Share of Increase, Tenant shall pay same to Landlord as Additional Rent, subject to the provisions of paragraph 7.2(c) hereof.

• The "amount of such excess" to be paid or credited to Tenant pursuant to the preceding sentence shall include interest at the Prime Rate from the date of such overpayment to the date paid to Tenant or the date credited to Tenant; provided, however, that with respect to that portion of the amount of such excess which shall exceed fifteen (15%) percent of the amount of Tenant's Proportionate Share of Increase, such interest shall be at the Interest Rate.

• If the statement furnished by Landlord to Tenant pursuant to Paragraph 7.2(b) at the end of the then Operational Year shall indicate that Tenant's Projected Share of Increase exceeded Tenant's Proportionate Share of Increase, Landlord shall credit the amount of such excess against Additional Rent next due Landlord pursuant to the provisions of this Lease.

• If such statement furnished by Landlord to Tenant hereunder shall indicate that the Tenant's Proportionate Share of Increase exceeded Tenant's Projected Share of Increase for the then Operational Year, Tenant shall forthwith pay the amount of such excess to Landlord.

More Definitions of Tenant's Proportionate Share of Increase

Tenant's Proportionate Share of Increase means Tenant’s Proportionate Share multiplied by the increase in Operating Expenses for an Operating Year over the Base Operating Expenses.

Tenant's Proportionate Share of Increase means 7.97% of the increase in Taxes in any Operational Year in excess of the Base Taxes. Tenant's Proportionate Share of Increase for the first Operational Year shall be prorated to reflect the actual occupancy by Tenant for said Operational Year. With respect to the calculation of Tenant's Proportionate Share, in the event the rentable square footage of the Building is physically increased or decreased, the Tenant's Proportionate Share shall equally be adjusted based upon the total rentable square footage of the Building as may be adjusted as compared to Tenant's rentable square footage.

Tenant's Proportionate Share of Increase means 50% multiplied by the increase in Operating Expenses for the Operational Year over Operating Expenses for the Base Year. For purposes hereof, the Tenant's Proportionate Share of Increase has been computed based upon a total square footage of the Building equal to 100,000 square feet, and a total square footage of the Demised Premises equal to 50,000 square feet. Landlord agrees that it shall not include as part of Operating Expenses in any Operational Year any line item that was not included in the Base Year Operating Expenses.

Tenant's Proportionate Share of Increase means Tenant’s Percentage multiplied by the increase in Taxes in any Operating Year in excess of the Base Taxes, subject to the “Tax Cap”, as hereafter defined.

Tenant's Proportionate Share of Increase means Tenant's Proportionate Share multiplied by the increase in Taxes for the Operational Year over the Base Tax Rate. "Tenant's Projected Share of Increase" shall mean Tenant's Proportionate Share of Increase for the prior Operational Year divided by twelve (12) and payable monthly by Tenant to Landlord as Additional Rent. (b) After the expiration of the Base Year and any Operational Year, Landlord shall furnish Tenant a written statement of the Taxes incurred for such Base Year or Operational Year, including any partial year. Within thirty (30) days after receipt of such statement for any Operational Year setting forth Tenant's Proportionate Share of Increase, Tenant shall pay same to Landlord as Additional Rent, subject to the provisions of paragraph 7.2(c) hereof. (c) Commencing with the first Operational Year after Landlord shall be entitled to receive Tenant's Proportionate Share of Increase, Tenant shall pay to Landlord as Additional Rent for the then Operational Year, Tenant's Projected Share of Increase. If the statement furnished by Landlord to Tenant pursuant to Paragraph 7.2(b) at the end of the then Operational Year shall indicate that Tenant's Projected Share of Increase exceeded Tenant's Proportionate Share of Increase, Landlord shall credit the amount of such excess against Additional Rent next due Landlord pursuant to the provisions of this Lease. If such statement furnished by Landlord to Tenant hereunder shall indicate that the Tenant's Proportionate Share of Increase exceeded Tenant's Projected Share of Increase for the then Operational Year, Tenant shall forthwith pay the amount of such excess to Landlord. (d) Landlord may take the benefit of the provisions of any statute or ordinance permitting any Taxes

Tenant's Proportionate Share of Increase means 8.4% of the increase in Operating Expenses for the Operational Year over Operating Expenses for the Base Year.

Tenant's Proportionate Share of Increase means Tenant's Proportionate Share multiplied by the increase in Operating Expenses for an Operating Year over the Base Operating Expenses, but in no event more than the sum of Sixteen Thousand and One Hundred Seventy ($16,170.00) Dollars for any Operating Year.