Tenant’s Proportionate Tax Share definition

Tenant’s Proportionate Tax Share means 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).

Tenant’s Proportionate Tax Share means 47.952 percent, which percentage is the ratio of the number of rentable square feet contained in the Premises (322,228) and the number of rentable square feet contained in the Building (671,982). The percentages set forth in this subsection 3.1(a)(v) shall not be subject to change for any reason whatsoever, except that such percentages may be subject to change (a) pursuant to Section 1.7, (b) by reason of any alteration or improvement being performed to the Premises or the Building which physically increases or decreases the rentable area of the Premises or the Building, (c) upon the expansion or reduction of the size of the Premises pursuant to and in accordance with Article 40 or 41 hereof and (d) as otherwise expressly set forth herein.

Tenant’s Proportionate Tax Share as set forth in Section 42(A)(iii) of the Lease for the Additional Premises shall be as follows:

Examples of Tenant’s Proportionate Tax Share in a sentence

• Tenant shall pay to Landlord or Landlord’s agent as Additional Rent, a sum (“Adjustment Amount”) equal to the sum of (i) Tenant’s 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) Tenant’s Proportionate Tax Share multiplied by the amount by which (a) Taxes payable with respect to each Calendar Year exceeds (b) Base Year Taxes.

• Commencing with the Rent Commencement Date, Tenant shall pay to Landlord an amount (“Tenant’s BID Payment”) equal to Tenant’s Proportionate Tax Share of the BID Assessment for the Tax Year in which the Rent Commencement Date occurs and each Tax Year thereafter.

• Tenant shall initially pay to Landlord as additional rental, simultaneously with the payment of minimum rental called for under Section 5(a), the estimated monthly amount of Tenant’s Proportionate Tax Share of real estate taxes as set forth in Section 5(e) of Two Dollars ($2.00) per square foot, payable in equal monthly installments of Three Thousand Nine Hundred Twenty-Six Dollars ($3,926.00) as the estimated amount of Tenant’s Proportionate Tax Share.

• If during the term of this Lease, the real estate taxes levied by the City of New York against the Land and Building shall be greater than the Base Tax, Tenant agrees to pay to Owner, as additional rent, the product of the following: (x) the amount of the excess of such real estate taxes over the Base Tax; and (y) Tenant’s Proportionate Tax Share.

• Tenant shall pay to Landlord an amount (“Tenant’s Tax Payment”) for each Tax Year commencing on the later of (a) the Rent Commencement Date or (b) the day of the first Tax Year after the expiration of the Tax Base Year (i.e., January 1, 2009), equal to Tenant’s Proportionate Tax Share of the increase, if any, in Taxes for such Tax Year over the Base Year Taxes.

More Definitions of Tenant’s Proportionate Tax Share

Tenant’s Proportionate Tax Share shall have the meaning set forth in Section 4.02A(ix) hereof.

Tenant’s Proportionate Tax Share shall be computed on the basis of a fraction, the numerator of which is the RSF area, from time to time, of the Premises, and the denominator of which is the total RSF area of the Unit, including, for the purposes of both the numerator and the denominator, the RSF of the 28th floor portion of the Unit (but not any square footage attributable to any mezzanine space or floor built therein) and the 51st Floor Space, but expressly excluding any square footage attributable to the Storage Space and Tenant’s Roof Top Space. As of the Execution Date, (A) the RSF for the Initial Office Space during the Initial Term shall be deemed to be 193,249 and (B) Tenant’s Proportionate Tax Share is deemed to be 27.466%, subject to further adjustment in the event Tenant leases the Short Term Expansion Space, the 51st Floor Space or any other space in the Unit (other than the lower level of the Building [unless such space is subject to Taxes]).

Tenant’s Proportionate Tax Share means 7.22

Tenant’s Proportionate Tax Share for the Initial Premises shall mean 29.221%.

Tenant’s Proportionate Tax Share means, at the time in question, the proportion that the number of rentable square feet of the Premises bears to the number of rentable square feet of the Building. Landlord and Tenant agree that, as of the Commencement Date, Tenant's Proportionate Tax Share shall be 12.319%.

Tenant’s Proportionate Tax Share for any tax year shall mean the product of (i) the number of square feet of Rentable Area of the Premises that is Non-Tax- Qualified Area for such tax year, times (ii) the excess, if any, of the Per Square Foot Amount of Real Estate Taxes for such tax year over the Per Square Foot Amount of Base Real Estate Taxes.

Tenant’s Proportionate Tax Share means 29.9777 percent; and