Tenant’s Share. The term “Tenant’s Share” shall mean the percentage obtained by dividing Tenant’s Gross Leasable Area by the Building Gross Leasable Area, which as of the Effective Date is the percentage identified in Section G of the Summary.
Tenant’s Share. With respect to the Expansion Space during the Expansion Term, Tenant’s Share shall be 2.9399%.
Tenant’s Share. “Tenant’s Share” means a percentage which is calculated by multiplying the number of Rentable Square Feet of the Premises by 100 and dividing the product by the total Rentable Square Feet in the Project. If either the Premises, the Building, or the Project are expanded or reduced, Tenant’s Share shall be appropriately adjusted. Tenant’s Share for the Expense Year in which that change occurs shall be determined on the basis of the number of days during the Expense Year in which each such Tenant’s Share was in effect.
Tenant’s Share. If Operating Costs during any calendar year following the Base Year exceed the rentable square footage of the Complex multiplied by $11.80 (the “Expense Stop”), Tenant shall pay to Landlord a sum which is equal to “Tenant’s Share” of such excess (“Operating Cost Payment”). “Tenant’s Share” means 7.35%, which is calculated by dividing the rentable square footage of the Premises by the rentable square footage of the Complex as such rentable square footages are set forth in Paragraph 1, and multiplying such number by 100.
Tenant’s Share. 1.396%, representing a fraction, the numerator of which is the Net Rentable Area of the Premises and the denominator of which is the Net Rentable Area of the Building, subject to future adjustment pursuant to the provisions of Section 5.4 hereof.
Tenant’s Share. 4.29% (determined by dividing the Rentable Area of the Premises by the Rentable Area of the Building, multiplying the resulting quotient by 100, and rounding to the 3rd decimal place).
Tenant’s Share. “Tenant’s Share” shall mean a fraction, the numerator of which is the total rentable square footage of the Premises, and the denominator of which is the total rentable square footage of the Building. Tenant’s Share as of the date of execution of this Lease is Seventeen and 51/100 percent (17.51%), (calculated as 7,882/45,000). Tenant’s Share shall be adjusted for changes in the total rentable square footage of the Premises and/or Building, including without limitation changes which may result from any condemnation or other taking of a portion of the Building.
Tenant’s Share. The description of the “Tenant’s Percentage Share” set forth in the Basic Lease Information of the Lease is hereby deleted in its entirety and the following is hereby substituted in its place: “15.19% (Excludes Storage Space)”.
Tenant’s Share. (a) Until the Expansion Premises Commencement Date, Tenant shall pay Tenant’s Share of Excess Expenses and Excess Taxes in accordance with Section 5 of the Lease.
(b) From and after the Expansion Premises Commencement Date, notwithstanding anything to the contrary in the Lease, Tenant shall pay Tenant’s Share of Excess Expenses and Excess Taxes in accordance with the terms of Section 5 of the Lease, except that the terms Tenant’s Share, Base Expenses and Base Taxes shall be revised as provided below:
(i) Tenant’s Share as described in Lease Sections 1(k) and 5(a)(vii) shall mean, (A) with respect to the Existing Premises, a fraction that shall be derived by dividing the rentable square foot area of the Existing Premises by the rentable square foot area of the Building (excluding the Garage Retail and Addition) and (B) with respect to the Expansion Premises, a fraction that shall be derived by dividing the rentable square foot area of the Expansion Premises by the rentable square foot area of the Building (including the Addition but excluding the Garage Retail).
(ii) The Base Expenses as defined in Lease Section 1(i) shall mean (A) the actual expenses for the 2015 calendar year with respect to the Existing Premises (the “Existing Premises Base Expenses”), and; (B) the actual expenses (the “Expansion Premises Base Expenses”) for either (1) the calendar year within which the Expansion Premises Commencement Date occurs, if Expansion Premises Commencement Date occurs on or before June 30th of such calendar year, or (II) the calendar year following the calendar year within which the Expansion Premises Commencement Date occurs, if the Expansion Premises Commencement Date occurs oh or after July 1st of such calendar year, (as applicable, the “Expansion Premises Base Year”) with respect to the Expansion Premises. The Excess Expenses shall mean the total dollar increase in Expenses, if any, which are paid or incurred by Landlord in the respective calendar year, over (x) the Existing Premises Base Expenses with respect to the Existing Premises and (y) the Expansion Premises Base Expenses with respect to the Expansion Premises.
(iii) The Base Taxes as defined in Lease Section 1(j) shall mean (A) the Taxes for the 2015 calendar year (the 2015 Summer Taxes due July 1st and the 2015 Winter Taxes due December 1st) with respect to the Existing Premises (the “Existing Premises Base Taxes”) and (B) the Taxes for the Expansion Premises Base Year (the Summer Taxes due July 1st...
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