Common use of LESSEE'S PROPORTIONATE SHARE Clause in Contracts

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.

Appears in 4 contracts

Samples: Lease Agreement (Capital Reserve Canada LTD), Lease Agreement (Fact Corp), Lease Agreement (Capital Reserve Corp)

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