Common use of Tenant’s Pro Rata Share Clause in Contracts

Tenant’s Pro Rata Share. “Tenant’s Pro Rata Share” shall mean the percentage set forth in the Summary of Basic Lease Terms as Tenant’s Pro Rata Share, which is the percentage derived by dividing the approximate rentable floor area of the Demised Premises, as set forth in the Summary of Basic Lease Terms, by the approximate rentable floor area within the Building, as set forth in the Summary of Basic Lease Terms. The percentage set forth in the Summary of Basic Lease Terms shall be conclusive and not subject to adjustment for remeasurement of the area of the Demised Premises or the Building. Landlord may modify Tenant’s Pro Rata Share from time to time based upon any increase or reduction in the rentable floor area of the Building or of the Demised Premises.

Appears in 2 contracts

Samples: Lease (Insmed Inc), Lease (Insmed Inc)

AutoNDA by SimpleDocs

Tenant’s Pro Rata Share. Tenant’s 's Pro Rata Share" shall mean the ---------------------------- percentage set forth in the Summary of Basic Lease Terms as Tenant’s 's Pro Rata Share, Share which is the percentage derived by dividing the approximate rentable floor area of the Demised Premises, as set forth in the Summary of Basic Lease Terms, by the approximate rentable floor area within the Building, as set forth in the Summary of Basic Lease Terms. The percentage set forth in the Summary of Basic Lease Terms shall be conclusive and not subject to adjustment for remeasurement of the area of the Demised Premises or the Building. Landlord may modify Tenant’s 's Pro Rata Share from time to time based upon any increase or reduction in the rentable floor area of the Building or of the Demised Premises.

Appears in 1 contract

Samples: Lease (Carrier Access Corp)

Tenant’s Pro Rata Share. Tenant’s 's Pro Rata Share" shall mean the percentage set forth in the Summary of Basic Lease Terms as Tenant’s 's Pro Rata Share, Share which is the percentage derived by dividing the approximate rentable floor area of the Demised Premises, as set forth in the Summary of Basic Lease Terms, by the approximate rentable floor area within the Building, as set forth in the Summary of Basic Lease Terms. The percentage set forth in the Summary of Basic Lease Terms shall be conclusive and not subject to adjustment for remeasurement of the area of the Demised Premises or the Building. Landlord may modify Tenant’s 's Pro Rata Share from time to time based upon any increase or reduction in the rentable floor area of the Building or of the Demised Premises.

Appears in 1 contract

Samples: Lease (Spectralink Corp)

AutoNDA by SimpleDocs

Tenant’s Pro Rata Share. Tenant’s 's Pro Rata Share" shall mean the percentage set forth in the Summary of Basic Lease Terms as Tenant’s 's Pro Rata Share, Share which is the percentage derived by dividing the approximate rentable floor area square footage of the Demised Premises, as set forth in the Summary of Basic Lease Terms, by the approximate rentable floor area square footage within the Building, as set forth in the Summary of Basic Lease Terms. The percentage set forth in the Summary of Basic Lease Terms shall be conclusive and not subject to adjustment for remeasurement of the area of the Demised Premises or the Building. Landlord may shall modify Tenant’s 's Pro Rata Share from time to time based upon any material increase or reduction in the rentable floor area square footage of the Building or of the Demised Premises.

Appears in 1 contract

Samples: Lease (Pharmion Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!