Definition of Tenant's Share of Expenses


Tenant's Share of Expenses means Tenant's pro rata share of those Expenses relating to the day-to-day operation and maintenance of the Property as determined in good faith by the Landlord and Tenant on an on-going basis during the Term, if applicable. By way of illustration only, and not by way of limitation, Tenant's Share of Expenses shall include Tenant's pro rata share of insurance premiums, water, gas, heat, light, power, sewer, electricity, other metered services provided to the Property, maintenance and painting of interior walls and interior surfaces of exterior walls, routine maintenance and repair costs including with respect to air conditioning, heating, and exposed plumbing, electrical, sewage and other systems on the Property; provided, however, that in no event shall Landlord's Obligations (as set forth in Section 13.1 hereof) be included in the calculation of Tenant's Share of Expenses.

Examples of Tenant's Share of Expenses in a sentence

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.
In addition to Base Rent, Tenant shall pay, in accordance with Section 4.4, for each Expense Year (defined in Section 4.2.1), an amount equal to the sum of (a) Tenants Share of Expenses for such Expense Year, plus (b) Tenants Share of Taxes for such Expense Year.
In such event, this Lease shall remain in full force and effect, but there shall be an abatement of Base Monthly Rent and Tenant's Share of Expenses between the date of destruction and the date of completion of restoration, based on the extent to which destruction interferes with Tenant's use of the Premises.
As soon as practical following each calendar year, Landlord shall prepare an accounting of actual Expenses incurred during the prior calendar year and such accounting shall reflect Tenant's Share of Expenses.
Tenants obligation to pay Basic Rent and Tenants Share of Expenses will abate on a proportionate basis with respect to that portion of the Premises remaining after the Taking that Tenant is unable to use during Landlords restoration for the period of time that Tenant is unable to use such portion of the Premises.