Tenant’s Percentage. The ratio of the Rentable Floor Area of the Premises to the total rentable area of the Building, which shall initially be deemed to be 31.25%.
Tenant’s Percentage. 28.20%, which is the ratio that the rentable square footage of the Premises bears to the rentable square footage of the Building. Accordingly, as more particularly set forth in Sections 4.3 and 4.4 hereof, Tenant shall pay to Landlord 28.20% of the “Operating Expenses” (as defined in Section 4.4) in excess of “Landlord’s Contribution to Operating Expenses" as defined in Section 1.10 of the Summary below. Tenant’s Percentage is subject to adjustment in accordance with Section 1.3 of the Lease.
Tenant’s Percentage. The ratio of the Rentable Floor Area of the Premises to the total rentable area of the Building, which shall be 100%. Initial Estimate of Tenant’s Percentage of Taxes for the Tax Year: $60,000.00 Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year: $70,440.00 Permitted Uses: General business offices and light manufacturing and assembly. Public Liability Insurance Limits: Commercial General Liability: $3,000,000 per occurrence $5,000,000 general aggregate
Tenant’s Percentage. Notwithstanding the provision of Section 3.1, so long as the Tenant is the initially-named Tenant under this Lease or a Permitted Transferee thereof, Tenant may pay the Over-Allowance Amount in accordance with the following schedule: (a) an amount equal to 35% of the Over-Allowance Amount (the “Initial Construction Deposit”) shall by delivered to Landlord by the date that is the later of (i) Landlord’s execution of construction contract with the Contractor, or (ii) the date that is thirty (30) days after the receipt from Landlord of an invoice therefor together with reasonable supporting documentation; and (b) the remaining 65% of the Over-Allowance Amount shall be delivered to Landlord from time-to-time within ten (10) business days after written request of Landlord (each, a “Funding Request”) in amounts specified by Landlord in each such Funding Request. Landlord may give multiple Funding Requests. Landlord agrees that the amounts specified in each Funding Request shall be Landlord’s good faith estimate of Tenant’s Percentage (as defined below) of the amounts necessary to make payment to third parties for the cost of the Tenant Improvement that have been incurred or will be incurred within thirty (30) days after the date of the Funding Request. Any failure of Tenant to deliver to Landlord any portion of the Over-Allowance Amount in cash as and when due as provided above that it is not cured within three (3) business days after written notice from Landlord shall constitute an Event of Default under the Lease. The Initial Construction Deposit shall be applied to Tenant’s Percentage of the cost of the Tenant Improvements first coming due. For purposes of this Tenant Work Letter, “Tenant’s Percentage” shall be equal one (1) minus the fraction determined by dividing the amount of the Allowance by the estimated budget for the Tenant Improvements. Landlord may from time to time re-determine the Over-Allowance Amount based on any changes, change orders or modifications to the Approved Working Drawings (which Landlord approves pursuant to Section 2) which increase the cost to construct the Tenant Improvements and upon that re-determination modify Tenant’s Percentage and adjust the amount of any Funding Request (or make additional Funding Requests) such that Tenant shall pay the entire Over-Allowance Amount and Tenant’s funding of the Over-Allowance Amount at all times is equal to Tenant’s Percentage of the estimated budget for the Tenant Improvements that has bee...
Tenant’s Percentage. “Tenant’s Percentage” means the percentage set forth in Section 1.13; provided, however, that Landlord reserves the right from time to time during the Term of this Lease to recalculate Tenant’s Percentage, in which case Tenant’s Percentage shall mean that numeric figure obtained by dividing the Rentable Square Feet of the Premises, as adjusted pursuant to Section 2.2, by the total Rentable Square Feet of the Building.
Tenant’s Percentage. The portion of the Building occupied by Tenant pursuant to this Lease, which percentage is hereby set forth in Article 1.1.
Tenant’s Percentage. The Tenant’s Percentage shall be 11.135% (7,482 / 67,194 total rentable square feet)
Tenant’s Percentage. 12.62%, which is the ratio that the rentable square footage of the Premises bears to the rentable square footage of the Property.
Tenant’s Percentage. That portion of the Project occupied by Tenant ------------------- divided by the total rental square footage of the Project, which result is the following: 3.355%.
Tenant’s Percentage. “Tenant’s Project Percentage” and “Tenant’s Building Percentage” mean the percentages set forth in Section 1.12, respectively. Tenant’s Project Percentage and Tenant’s Building Percentage may collectively be referred to herein as “Tenant’s Percentage”.
