Common use of Tenant’s Percentage Share Clause in Contracts

Tenant’s Percentage Share. The ratio (expressed as a percentage) of the total Rentable Area of the Premises to the total Rentable Area of all of the buildings at the Project owned by Landlord from time to time, which as of the Commencement Date shall equal ________% (i.e., the Rentable Area of the Premises divided by the Rentable Area of the buildings at the Project owned by Landlord as of the date of this Lease). Tenant's Percentage Share shall be recalculated each and every time that the amount of Rentable Area contained in Premises is adjusted, or the Premises is expanded, buildings are added to or removed from the Project, or there is a change in the total Rentable Area of those buildings in the Project owned by Landlord, or Landlord sells, exchanges, or otherwise transfers any or all of the buildings situated in the Project (including without limitation the Building). The parties acknowledge and agree that the total Rentable Area of all of the buildings in the Project owned by Landlord may increase and/or decrease from time to time during the Term, since Landlord may elect in its sole discretion to sell a building or buildings or to make changes to the buildings it owns in the Project (so long as Landlord does not unreasonably interfere with ingress to or egress from the Premises).

Appears in 2 contracts

Samples: Build to Suit Lease (At Home Corp), Build to Suit Lease (At Home Corp)

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Tenant’s Percentage Share. The ratio (expressed as a percentage) of the total Rentable Area of the Premises to the total Rentable Area of all of the buildings at located on the Project Property owned by Landlord from time to time, which as of the Commencement Date date hereof shall equal ________51.92% (i.e., the Rentable Area of the Premises divided by the Rentable Area of the buildings at located on the Project Property owned by Landlord as of the date of this Leasehereof). Tenant's Percentage Share shall be recalculated each and every time that the amount of Rentable Area contained in Premises is adjusted, or the Premises is expanded, buildings are added to or removed from the ProjectProperty, or there is a change in the total Rentable Area of those buildings in located on the Project Property owned by Landlord, or Landlord sells, exchanges, or otherwise transfers any or all of the buildings situated in located on the Project Property (including without limitation the BuildingBuildings). The parties acknowledge and agree that the total Rentable Area of all of the buildings in located on the Project Property owned by Landlord may increase and/or decrease from time to time during the Term, since Landlord may elect in its sole discretion to sell a building or buildings or to make changes to the buildings it owns in the Project (so long as Landlord does not unreasonably interfere with ingress to or egress from the Premises)owns."

Appears in 1 contract

Samples: Lease (Ampex Corp /De/)

Tenant’s Percentage Share. The ratio (expressed as a percentage) ------------------------- of the total Rentable Area of the Premises to the total Rentable Area of all of the buildings at the Project owned by Landlord from time to time, which as of the Commencement Date shall equal ________47.3% (i.e., the Rentable Area of the Premises divided by the Rentable Area of the buildings at the Project owned by Landlord as of the date of this Lease). Tenant's Percentage Share shall be recalculated each and every time that the amount of Rentable Area contained in Premises is adjusted, or the Premises is expanded, buildings are added to or removed from the Project, or there is a change in the total Rentable Area of those buildings in the Project owned by Landlord, or Landlord sells, exchanges, or otherwise transfers any or all of the buildings situated in the Project (including without limitation the Building). The parties acknowledge and agree that the total Rentable Area of all of the buildings in the Project owned by Landlord may increase and/or decrease from time to time during the Term, since Landlord may elect in its sole discretion to sell a building or buildings or to make changes to the buildings it owns in the Project (so long as Landlord does not unreasonably interfere with ingress to or egress from the Premises).

Appears in 1 contract

Samples: Build to Suit Lease (At Home Corp)

Tenant’s Percentage Share. The ratio (expressed as a ------------------------- percentage) of the total Rentable Area of the Premises to the total Rentable Area of all of the buildings at located on the Project Property owned by Landlord from time to time, which as of the Commencement Date date hereof shall equal ________31.14% (i.e., the Rentable Area of the Premises divided by the Rentable Area of the buildings at located on the Project Property owned by Landlord as of the date of this Lease). hereof.) Tenant's Percentage Share shall be recalculated each and every time that the amount of Rentable Area contained in Premises is adjusted, or the Premises is expanded, buildings are added to or removed from the ProjectProperty, or there is a change in the total Rentable Area of those buildings in located on the Project Property owned by Landlord, or Landlord sells, exchanges, or otherwise transfers any or all of the buildings situated in located on the Project Property (including without limitation the Building). The parties acknowledge and agree that the total Rentable Area of all of the buildings in located on the Project Property owned by Landlord may increase and/or decrease from time to time during the Term, since Landlord may elect in its sole discretion to sell a building or buildings or to make changes to the buildings it owns in the Project (so long as Landlord does not unreasonably interfere with ingress to or egress from the Premises)owns."

Appears in 1 contract

Samples: Sublease Agreement (Fogdog Inc)

Tenant’s Percentage Share. The ratio (expressed as a percentage) of ------------------------- the total Rentable Area of the Premises to the total Rentable Area of all of the buildings at the Project owned by Landlord from time to time, which as of the Commencement Date shall equal ________52.7% (i.e., the Rentable Area of the Premises divided by the Rentable Area of the buildings at the Project owned by Landlord as of the date of this Lease). Tenant's Percentage Share shall be recalculated each and every time that the amount of Rentable Area contained in Premises is adjusted, or the Premises is expanded, buildings are added to or removed from the Project, or there is a change in the total Rentable Area of those buildings in the Project owned by Landlord, or Landlord sells, exchanges, or otherwise transfers any or all of the buildings situated in the Project (including without limitation the Building). The parties acknowledge and agree that the total Rentable Area of all of the buildings in the Project owned by Landlord may increase and/or decrease from time to time during the Term, since Landlord may elect in its sole discretion to sell a building or buildings or to make changes to the buildings it owns in the Project (so long as Landlord does not unreasonably interfere with ingress to or egress from the Premises).

Appears in 1 contract

Samples: Build to Suit Lease (At Home Corp)

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Tenant’s Percentage Share. The ratio (expressed as a percentage) ------------------------- of the total Rentable Area of the Premises to the total Rentable Area of all of the buildings at the Project owned by Landlord from time to time, which as of the Commencement Date shall equal ________16.6% (i.e., the Rentable Area of the Premises First Half Space divided by the Rentable Area of the buildings at the Project owned by Landlord as of the date of this Lease). Tenant's Percentage Share shall be recalculated each and every time that the amount of Rentable Area contained in Premises is adjusted, or the Premises is expanded, buildings are added to or removed from Tenant occupies the ProjectSecond Half Space, or there is a change in the total Rentable Area of those buildings in the Project owned by Landlord, or Landlord sells, exchanges, or otherwise transfers any or all of the buildings situated in the Project (including without limitation the Building). The parties acknowledge and agree that the total Rentable Area of all of the buildings in the Project owned by Landlord may increase and/or decrease from time to time during the Term, since Landlord may elect in its sole discretion to sell a building or buildings or to make changes to the buildings it owns in the Project (so long as Landlord does not unreasonably interfere with ingress to or egress from the Premises).

Appears in 1 contract

Samples: Lease (At Home Corp)

Tenant’s Percentage Share. The ratio (expressed as a percentage) of the total Rentable Area of the Premises to the total Rentable Area of all of the buildings at located on the Project Property owned by Landlord from time to time, which as of the Commencement Date date hereof shall equal ________16.67% (i.e., the Rentable Area of the Premises divided by the Rentable Area of the buildings at located on the Project Property owned by Landlord as of the date of this Leasehereof). Tenant's Percentage Share shall be recalculated each and every time that the amount of Rentable Area contained in Premises is adjusted, or the Premises is expanded, buildings are added to or removed from the ProjectProperty, or there is a change in the total Rentable Area of those buildings in located on the Project Property owned by Landlord, or Landlord sells, exchanges, or otherwise transfers any or all of the buildings situated in located on the Project Property (including without limitation the BuildingBuildings). The parties acknowledge and agree that the total Rentable Area of all of the buildings in located on the Project Property owned by Landlord may increase and/or decrease from time to time during the Term, since Landlord may elect in its sole discretion to sell a building or buildings or to make changes to the buildings it owns in the Project (so long as Landlord does not unreasonably interfere with ingress to or egress from the Premises)owns.

Appears in 1 contract

Samples: Lease (Ampex Corp /De/)

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