Definition of Tenant's Share of Expenses Percentage


Tenant's Share of Expenses Percentage means the percentage specified in the Basic Terms, as such percentage may be adjusted in accordance with the terms and conditions of this Lease.

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

Landlord will also equitably adjust Tenant's Share of Expenses Percentage for the same period, subject to Section 3.7, 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 Expenses Percentage each calendar year to the percentage Landlord calculates by dividing the rentable area of the Premises by the rentable area of the Building for such calendar year.
Landlord will, if necessary, equitably adjust Tenant's Share of Expenses Percentage, subject to Section 3.7, to account for any reduction in the rentable area of the Premises or Building resulting from a casualty.
Landlord will deliver to Tenant a written estimate of the following for each calendar year of the Term: (a) Property Taxes, (b) Operating Expenses, (c) Tenant's Share of Expenses Percentage and (d) the annual and monthly Additional Rent attributable to Tenant's Share of Expenses.