Definition of Tenant's Share of Excess Expenses Percentage


Tenant's Share of Excess Expenses Percentage means the percentage computed by (a) dividing the rentable square footage of the Premises by the total rentable square footage of the Building and (b) multiplying the quotient by 100.

Examples of Tenant's Share of Excess Expenses Percentage in a sentence

Landlord will, if necessary, equitably adjust Tenant's Share of Excess Expenses Percentage to account for any reduction in the rentable area of the Premises or Building resulting from a Casualty.
Landlord will also equitably adjust Tenant's Share of Excess Expenses Percentage for the same period to account for the reduction in the rentable area of the Premises or the Building resulting from the Taking.
Notwithstanding any contrary language in this Lease, Landlord may change Tenant's Share of Excess Expenses Percentage each calendar year to the percentage Landlord calculates by dividing the rentable area of the Premises by the greater of (a) 95% of the rentable area of the Building for such calendar year; or (b) the rentable area of the Building actually leased pursuant 4 7 to leases under which the terms have commenced for such calendar year.
In no event is Landlord Obligated to repair or restore any Alterations or Tenant'6 Improvements that are not covered by Landlord's insurance, any special equipment or improvements installed by Tenant, any personal property, or any other property of Tenant Landlord will, if necessary, equitably adjust Tenant's Share of Excess Expenses Percentage to account for any reduction in the rentable area of the Premises or Building resulting from a casualty.
Annual Amendment to Tenant's Share of Excess Expenses Percentage.