Definition of Tenants Share of Expenses

  1. Tenants Share of Expenses means the product obtained by multiplying the amount of Expenses for the period in question by the Tenant's Share of Expenses Percentage.

Examples of Tenants Share of Expenses in a sentence

  1. Tenants Share of Expenses and Tenants Share of Taxes for any partial Expense Year shall be prorated based on the number of days in such Expense Year.

Definition of Tenants Share of Expenses in Office Lease Agreement

Tenants Share of Expenses means, for each Adjustment Year, the sum of money equal to Tenants Pro Rata Share of an amount equal to the sum of (i) the Operating Expenses for such Adjustment Year, less the Operating Expenses for the Base Year; (ii) Taxes for such Adjustment Year, less the Taxes for the Base Year; and (iii) Landlords Insurance Expense for such Adjustment Year, less Landlords Insurance Expense for the Base Year in no event shall Tenants Share of Expenses or any individual item (i), (ii), or (iii) above be less than zero (0).


Definition of Tenants Share of Expenses in Lease Agreement

Tenants Share of Expenses means the product obtained by multiplying the amount of Expenses for the period in question by the Tenant's Share of Expenses Percentage.