Definition of Tenant's Share of Computed Operating Expenses


Tenant's Share of Computed Operating Expenses means, with respect to any Calendar Year, the Computed Operating Expenses for such Calendar Year, which Computed Operating Expenses shall be (i) divided by the greater of ninety-five percent (95%) of the Rentable Area of office space leased or held for lease for general offices purposes in the Building or the average Rentable Area of office space actually leased in the Building, and (ii) multiplied times the number of square feet of Rentable Area contained within the Leased Premises. Landlord and Tenant hereby stipulate and agree for all purposes under this Lease that the aggregate Rentable Square Feet of office space within the Building is 186,231 square feet, subject to remeasurement, adjustment or modification pursuant to Section 1.2 of this Lease.
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Examples of Tenant's Share of Computed Operating Expenses in a sentence

However, if Tenant's Share of Computed Operating Expenses for such year is less than the projected amount theretofore paid by Tenant for such year, Landlord shall pay to Tenant within thirty (30) days after Tenant's receipt of the statement the amount of such overpayment.
Should this Lease commence or terminate at any time other than the first day of a Calendar Year, Tenant's Share of Computed Operating Expenses referred to in Section 4.A. above and this Section 4.B. shall be calculated, for the commencement and/or expiration or termination year only, by the following formula: Days Leased times Tenant's Share of Computed Operating Expenses divided by 365 equals pro-rated Tenant's Share of Computed Operating Expenses.
The foregoing process shall apply to Tenant's right to examine prior years' Operating Expenses, except that Tenant must object to prior years' Operating Expenses within sixty (60) days after the date on which the determination is made that Landlord overstated Tenant's Share of Computed Operating Expenses by more than three percent (3%) in the aggregate.
In addition to paying the Base Rent specified in Section 3.1 hereof, Tenant shall pay the amounts described in Section 6.1 and 6.2, including both Tenant's Share of Computed Operating Expenses and Management Fee Contribution (together, the "Additional Rent"), as adjustments to such Base Rent.
If Tenant's Share of Computed Operating Expenses and Management Fee Contribution for such year is greater than the projected amount theretofore paid by Tenant for such year, Tenant shall pay to Landlord within thirty (30) days after Tenant's receipt of the Operating Expense Statement the amount of such excess.