Examples of Proportionate Share in a sentence
In determining the Tenant’s Proportionate Share of Excess Operating Expenses and Taxes for the purpose of this Section, if less than 95% of the Building shall have been occupied by tenants and fully used by them, at any time during the year, Operating Expenses shall be adjusted to an amount equal to the operating expense that would normally be expected to be incurred, had such occupancy been 95% and had full utilization been made during the entire period.
Tenant will pay, as Additional Rent during the Term, in addition to Base Rent hereunder an amount equal to Xxxxxx’s Proportionate Share of the excess of Operating Expenses and Taxes for each calendar year over Tenant’s Proportionate Share of Operating Expenses and Taxes for the Base Year (collectively, “Excess Operating Expenses and Taxes”).