LESSEE'S PROPORTIONATE SHARE. In addition to the Lessee's obligation to pay for all charges, expenses, costs and outlays related directly to the demised premises, the Lessee shall be responsible for payment of its proportionate share of all other charges, expenses, costs and outlays related to the maintenance, operation and management of the building as hereinafter set forth. The Lessee's proportionate share shall be determined by the relationship that the Gross Rentable Area of the demised premises bears to the Gross Rentable Area of the building excluding the floor area of the vehicle parking area or areas designated by the Lessor as for storage only, (hereinafter called the Lessee's proportionate share). Notwithstanding any other provisions of this lease the Lessors accountant may allocate any charges, expenses, costs and outlays to be borne exclusively by retail Lessees or exclusively by office Lessees and the decision of the Lessors accountant acting in accordance with generally accepted accounting principles shall be final and binding on the parties hereto.
LESSEE'S PROPORTIONATE SHARE. Six and Ninety-Six Hundredths Percent (6.96%) calculated based upon dividing the amount of rentable square feet allocated to the Leased Premises by the total rentable square footage of Rivertech Office Works.
LESSEE'S PROPORTIONATE SHARE subject to the final measurements as provided in Section 1.1 and to any ulterior modification to the total rentable area of the Building, the Lessee’s proportionate share is determined to be 5.18636 % and represents the fraction obtained by dividing the rentable area of the Premises by the total rentable area of the Building, including the area of the Premises, the common areas and the service areas but excluding the parking areas, that is, 509,471 square feet. At the commencement of the lease, the Lessor shall evaluate the amount of the Lessee’s proportionate share of the Operating Costs and Property Taxes for the current calendar year and shall remit to the Lessee an estimate of the amount payable in advance, in equal monthly instalments on the first day of each month. For the calendar year 2016, the Lessee’s proportionate share of the Property Taxes is estimated approximately at Eight Dollars and Fifteen Cents ($8.15) per square foot of the Premises and the Lessee’s proportionate share of the Operating Costs is Eleven Dollars and Forty-One Cents ($11.41) per square foot of the Premises. Management and/or administration fees or costs shall be reasonable and within industry standards, shall not exceed 15% of the Building’s operating costs during the Term and shall not be charged on Property Taxes. If the Lessor reasonably determines that such monthly instalments for the portion of the Property Taxes are not sufficient to pay such taxes when next due, the Lessee shall, on demand, pay the Lessor in advance a sufficient amount to make up the difference. The Lessor shall provide an audited statement of the Operating Costs and Property Taxes no later than ninety (90) days after the end of each year. Lessee, acting reasonably, shall have the right to examine the Building’s books and records from time to time with an auditor of Lessee’s choosing who is a National firm accountant, to confirm the operating costs and property taxes, the whole at Lessee’s cost. Should Lessee’s audit reveal that Lessee has been overcharged by more than 3%, then Lessor shall reimburse the Lessee for the overage carrying an annual compounded interest rate of prime charged by the National Bank plus 3% and the cost of the audit.
LESSEE'S PROPORTIONATE SHARE for all purposes of this Lease, it is agreed that LESSEE’S Proportionate Share shall be (i) 17.63% from the Effective Date for Stage 1 of the Demised Premises until the day immediately preceding the Effective Date for Stage 2 of the Demised Premises, (ii) 39.95% from the Effective Date for Stage 2 of the Demised Premises until the day immediately preceding the Effective Date for Stage 3 of the Demised Premises, (iii) 42.62% from the Effective Date for Stage 3 of the Demised Premises until the day immediately preceding the Effective Date for Stage 4 of the Demised Premises, (iv) 47.22% from the Effective Date for Stage 4 of the Demised Premises until the day immediately preceding the Effective Date for Stage 5 of the Demised Premises, and (v) 50.75% from the Effective Date for Stage 5 of the Demised Premises until the Termination Date.
LESSEE'S PROPORTIONATE SHARE. During the term of this Lease, Lessee agrees to pay Lessor, as additional rent, Lessee's proportionate share of (i) all real property taxes and assessments (including any changes or additions to any existing method of taxation) for the Land and Buildings,(ii) all premiums for fire, casualty and extended coverage (including, without limitation, rent insurance and VMM) and public liability insurance maintained by Lessor for the Land and Buildings, (iii) all Operating Expenses, as such term is hereinafter defined, incurred or expended by Lessor for the Industrial Park and (iv) all fees, levies, charges impositions, taxes or assessments imposed by Federal, State or local government upon the use or ownership of the Land and Buildings or receipts of rent for the Land and Buildings (hereafter collectively, "Pass-
LESSEE'S PROPORTIONATE SHARE. During each Operating Year the Lessee shall pay to the Lessor as Additional Rent the Lessee’s proportion of Apportionable Operating Expenses. In case the Lease Year does not coincide with an Operating Year, Lessee’s share of Apportionable Operating Expenses for the first and last Operating Year of the term hereof shall be pro rated on a per diem basis.
LESSEE'S PROPORTIONATE SHARE a. Throughout the Term, Lessee agrees to pay, as additional rent, its proportionate share of Operating Costs (as hereinafter defined) of the Building, as hereinafter defined (the "Lessee's Share").
LESSEE'S PROPORTIONATE SHARE. Notwithstanding that this First Amendment is being executed after June 1, 2010, the parties hereby agree that effective as of June 1, 2010, the Base Year (as defined in Section 27 of the Lease) shall be changed from calendar year 2008 to calendar year 2010.
LESSEE'S PROPORTIONATE SHARE. Lessee’s Proportionate Share (as such term is defined pursuant to the Lease) shall be increased to 76.60%.
LESSEE'S PROPORTIONATE SHARE. Effective as December 1, 2000, Lessee’s Proportionate Share for the then existing Premises (consisting of Suite 370) shall be equal to 2.61%, subject to adjustment as provided in the Lease.
