Common use of Tenant’s Share Clause in Contracts

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.

Appears in 3 contracts

Samples: Building Lease (Five9, Inc.), Building Lease (Five9, Inc.), Building Lease (Five9, Inc.)

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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 9.75 (the “Expense Stop”), Tenant shall pay to Landlord a sum which is equal to “Tenant’s Share” of multiplied by such excess (“Operating Cost PaymentPayments”). “Tenant’s Share” means 7.353.53%, 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 1I, and multiplying such number by 100.

Appears in 1 contract

Samples: Building Lease (Neonode, Inc)

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 12.82 (the “Expense Stop”), Tenant shall pay to Landlord a sum which is equal to “Tenant’s Share” of multiplied by such excess (“Operating Cost Payment”). “Tenant’s Share” means 7.353.37%, 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.

Appears in 1 contract

Samples: Building Lease (SteadyMed Ltd.)

Tenant’s Share. If Operating Costs during any calendar year following the Base Year exceed the rentable square footage of the Complex Building multiplied by $11.80 7.11 (the "Expense Stop"), Tenant shall pay to Landlord a sum which is equal to “"Tenant’s 's Share” of " multiplied by such excess ("Operating Cost Payment”Payments"). "Tenant’s 's Share" means 7.35%10.38% (assuming all Three Phases are completed in 1996), which is calculated by dividing the rentable square footage of the Premises by the rentable square footage of the Complex COMPLEX, as such rentable square footages are set forth in Paragraph 1, and multiplying such number by 100.

Appears in 1 contract

Samples: Sublease (Nextcard Inc)

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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 9.65 (the “Expense Stop”), Tenant shall pay to Landlord a sum which is equal to “Tenant’s Share” of multiplied by such excess (“Operating Cost PaymentPayments”). “Tenant’s Share” means 7.355.01%, 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.

Appears in 1 contract

Samples: Building Lease (Reply! Inc)

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 9.80 (the “Expense Stop”), Tenant shall pay to Landlord a sum which is equal to “Tenant’s Share” of multiplied by such excess (“Operating Cost PaymentPayments”). “Tenant’s Share” means 7.35.38%, 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.

Appears in 1 contract

Samples: Building Lease (Mirion Technologies, Inc.)

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