Less Than Full Occupancy. If the Building or the Project are less than ninety-five percent (95%) occupied during any year of the Term, Operating Expenses for each such calendar year shall be adjusted to equal Landlord’s reasonable estimate of Operating Expenses as though ninety-five percent (95%) of the total rentable area of the Building and/or the Project as applicable had been occupied.
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Samples: Full Service Lease (Cyan Inc), Full Service Lease (Cyan Inc)
Less Than Full Occupancy. If the Building or the Project Property are less than ninety-five ninetyfive percent (95%) occupied during any year of the Term, Operating Expenses for each such calendar year shall be adjusted to equal Landlord’s reasonable estimate of Operating Expenses as though ninety-five ninetyfive percent (95%) of the total rentable area of the Building and/or the Project Property as applicable had been occupied.
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Samples: Industrial Gross Lease (Gores Metropoulos II, Inc.)
Less Than Full Occupancy. If the Building or the Project are less than ninety-five percent (95%) occupied during any year of the Term, Operating Expenses for each such calendar year shall be adjusted to equal Landlord’s 's reasonable estimate of Operating Expenses as though ninety-five percent (95percent(95%) of the total rentable area of the Building and/or the Project as applicable had been occupied.
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Samples: Full Service Lease (Q Matrix Inc)
Less Than Full Occupancy. If the Building or the Project are less than ninety-five percent (95%) occupied during any year of the Term, Operating Expenses for each such calendar year shall be adjusted to equal Landlord’s 's reasonable estimate of Operating Expenses as though ninety-five percent (95%) of the total rentable area of the Building and/or the Project as applicable had been occupied.
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