Tenant’s Proportionate Share is, subject to the provisions of this Paragraph 3, the percentage number described in Item 4 of the Basic Lease Provisions. Tenant's Proportionate Share represents a fraction, the numerator of which is the number of square feet of Rentable Area in the Premises and the denominator of which is the number of square feet of Rentable Area in the Project, as determined by Landlord pursuant to Subparagraph 2(d) above.
Tenant’s Proportionate Share shall be the result of the fraction, the numerator of which is the Rentable Floor Area of Tenant's Space (as it may be increased from time to time) and the denominator of which is the Total Rentable Floor Area of the Building. Not later than one hundred and twenty (120) days after the end of the first calendar year or fraction thereof ending December 31 and of each succeeding calendar year during the Term or fraction thereof at the end of the Term, Landlord shall render Tenant a statement in reasonable detail and according to usual accounting practices certified by a representative of Landlord, showing for the preceding calendar year or fraction thereof, as the case may be, the Cafeteria Operating Deficit, if any, and the calculation thereof and Tenant's Proportionate Share thereof. Said statement to be rendered to Tenant shall also show for the preceding year or fraction thereof as the case may be the amounts of the Cafeteria Operating Deficit already paid by Tenant as Additional Rent, and the amount of Cafeteria Operating Deficit remaining due from, or overpaid by, Tenant for the year or other period covered by the statement. Within thirty (30) days after the date of delivery of such statement, Tenant shall pay to Landlord the balance of the amounts, if any, required to be paid pursuant to the above provisions of this Section 8.21 with respect to the preceding year or fraction thereof, or Landlord shall credit any amounts due from it to Tenant pursuant to the above provisions of this Section 8.21 against (i) monthly installments of fixed rent next thereafter coming due or (ii) any sums then due from Tenant to Landlord under this Lease (or refund such portion of the overpayment as aforesaid if the Term has ended and Tenant has no further obligation to Landlord). In addition, Tenant shall make payments monthly on account of Tenant's share of the Cafeteria Operating Deficit anticipated for the then current year at the time and in the fashion herein provided for the payment of fixed rent. The amount to be paid to Landlord shall be an amount reasonably estimated annually by Landlord to be sufficient to cover, in the aggregate, a sum equal to Tenant's Proportionate Share of such Cafeteria Operating Deficit for each calendar year during the Term. Notwithstanding anything herein contained to the contrary, in no event shall Tenant's payment respecting Tenant's Proportionate Share of the Cafeteria Operating Deficit exceed $750.00 per calendar month.
Tenant’s Proportionate Share means the fraction, the denominator of which is the Building Area and the numerator of which is the Demised Premises Area.
Examples of Tenant’s Proportionate Share in a sentence
Unless Tenant objects to any such statement within thirty (30) days of receipt thereof, Tenant shall be deemed to have waived the right to make any objections to such statement or to the amount of Tenant’s Proportionate Share of Common Area Maintenance Charges for such calendar year.
Tenant shall pay Landlord an amount equal to Tenant’s Proportionate Share of the Expenses for each calendar year of the Term (the “Expense Payment”).
Tenant’s Proportionate Share shall be calculated by dividing the rentable square feet of the Premises by the square feet of the Property Area, which amounts are agreed to in Article 1.
Tenant shall pay to Landlord Tenant’s Proportionate Share of all Common Area Maintenance Charges (“Pass-Through Charges”), which shall be determined for each year by multiplying the total Common Area Maintenance Charges by Tenant’s Proportionate Share, expressed as a fraction.
In addition to Minimum Rent, Tenant shall be responsible for Tenant’s Proportionate Share of Additional Rent.
More Definitions of Tenant’s Proportionate Share
Tenant’s Proportionate Share means a fraction, the numerator of which is Tenant’s Portion and the denominator of which is the then-current Budget. Upon notice to Tenant, Landlord may equitably adjust Landlord’s Proportionate Share and Tenant’s Proportionate Share from time to time based on changes in the anticipated Tl Costs. After the end of each calendar month, beginning with the month in which Landlord obtains the Budget: (i) Landlord shall determine the Tl Costs incurred for the prior calendar month (and if applicable, for the period prior to Lease execution) (collectively, the “Total Monthly Costs”), (ii) Tenant shall reimburse Landlord within the time period set forth in Section 5(f) below for Tenant’s Proportionate Share of Total Monthly Costs, and (iii) Landlord shall pay Landlord’s Proportionate Share of Total Monthly Costs from the remaining amount of the Tl Allowance.
Tenant’s Proportionate Share or "Tenant's Share", as used with respect to an item pertaining to the Building, shall each mean that percentage obtained by dividing the leasable square footage contained within the Leased Premises (as set forth in Article 1) by the total leasable square footage contained within the Building as the same from time to time exists or, as used with respect to an item pertaining to the Project, shall each mean that percentage obtained by dividing the leasable square footage contained within the Leased Premises (as set forth in Article 1) by the total leasable square footage contained within the Project as the same from time to time exists, unless, as to any given item, such a percentage allocation unfairly burdens or benefits a given tenant(s), in which case Landlord shall have the exclusive right to equitably allocate such item so as to not unfairly burden or benefit any given tenant(s). Landlord's determination of any such special allocation shall be final and binding upon Tenant unless made in bad faith.
Tenant’s Proportionate Share means the percentage stipulated in the Schedule which is the percentage obtained by dividing the Rentable Area of the Premises by the Rentable Area of the Building.
Tenant’s Proportionate Share for Tenant's reimbursement of Common Operating Costs and other expenses to be pro-rated hereunder means 11% which is the quotient obtained by dividing the total number of square feet of net rentable floor area in the Building into the total number of square feet of net rentable floor area within the Premises.
Tenant’s Proportionate Share means the percentage which the Net Rentable Area in the Premises then leased by the Tenant in the Building bears to the total Net Rentable Area contained in the Building, subject to adjustment as set forth herein. For purposes of this Lease, Tenant’s Proportionate Share shall be the amount set forth in the Lease Summary, except as may be adjusted as set forth in this Lease. If the Net Rentable Area of the Premises changes due to the addition or subtraction of space under this Lease or by amendment, Landlord shall reasonably adjust Tenant's Proportionate Share to be based on the Net Rentable Area of the Premises as a percentage of the Net Rentable Area of the Building, subject to further adjustment hereunder. If the Building shall now or hereafter be part of or shall include a development or complex of two (2) or more buildings or structures collectively owned by Landlord or its affiliates, Landlord may allocate Operating Expenses and Taxes (or components thereof) within such complex or development, and between such buildings and structures and the parcels on which they are located, in accordance with sound accounting and management practices. In the alternative, Landlord may determine Tenant's Proportionate Share of Operating Expenses and Taxes (or components thereof) for all or any such buildings and structures, and any common areas and facilities operated or maintained in connection therewith and all parcels or tracts of land on which all or any portion of any of the other foregoing items are located (collectively, the “Land”), in accordance with sound accounting and management practices; provided, Landlord shall reasonably adjust Tenant's Proportionate Share to be based on the ratio of the Net Rentable Area of the Premises to the Net Rentable Area of all such buildings as to which such Operating Expenses and Taxes (or components thereof) are included. In addition, if the Building, or any development or complex of which it is a part, shall contain non-office uses during any period, Landlord may determine, in accordance with sound accounting and management practices, Tenant's Proportionate Share of Taxes and Operating Expenses for only the office portion of the Building or of such development or complex; in such event, Landlord shall reasonably adjust Tenant's Proportionate Share to be based on the ratio of the Net Rentable Area of the Premises to the Net Rentable Area of such office portion for such period.
Tenant’s Proportionate Share shall be the percentage as stated in Exhibit 1.
Tenant’s Proportionate Share means the percentage derived from the fraction, the numerator of which is the gross rentable square footage of the Leased Premises (22,310), the denominator of which is the gross rentable square footage of Building Two (105,068). In this Lease, Tenant’s Proportionate Share initially is 21.23%, subject to increase or decrease due to increases or decreases in the gross rentable square footage of the Leased Premises or in Building Two.