Building Proportionate Share definition

Building Proportionate Share means a percentage, the numerator of which shall be the number of rentable square feet of floor area of the Premises as set forth in Paragraph 1.2 above (37,500) and the denominator of which shall be the number of rentable square feet of floor area of Buildings on Lots Number 8 & 9 referred to in Paragraph 1.2 above of which the Premises are a part as it may be expanded or contracted from time to time, computed from the center line of all interior partition walls and from the exterior face of all exterior walls. At the time of the execution of this Lease that denominator number is Thirty Seven Thousand Five Hundred (37,500).
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Building Proportionate Share. A percentage which, when expressed as a fraction, has as a numerator the Total Rentable Area of the Premises, and as a denominator the Total Rentable Area of Building. Initially 22.70 %.
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Building Proportionate Share means a fraction, the numerator of which is the total square footage of the Building and the denominator of which is the rentable square footage of the Project. Operating Expenses shall not include the cost of providing tenant improvements or other specific costs incurred for the account of, separately billed to and paid by specific tenants of the Building or Project, the initial construction cost of the Building, or debt service on any mortgage or deed of trust recorded with respect to the Project other than pursuant to Paragraph 7.A.(3)(b) above. Notwithstanding anything herein to the contrary, in any instance wherein Tenant uses excessive services of the Project or otherwise creates a greater burden on the operations of the Project than other tenants (such determination to be adjusted based on relative square footage of the space leased by Tenant and other tenants) Landlord shall have the right to allocate any such additional cost in any manner Landlord deems reasonably appropriate. If any other tenant of the Building uses excessive services or otherwise creates a greater burden on the operations of the Building, Landlord shall allocate any such additional cost to such tenant as reasonably determined by Landlord. Notwithstanding anything in the definition of Operating Expenses in this Lease to the contrary, Operating Expenses shall not include the following, except to the extent specifically permitted by a specific exception to the following:
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Examples of Building Proportionate Share in a sentence

  • Notwithstanding the foregoing, Tenant shall reimburse Landlord Tenant's Building Proportionate Share of the cost to (i) repair and maintain the roof of the Building after the tenth (1Oth) Lease Year, excluding the gutters and down spouts, and (ii) the annual amortized cost of any roof replacements to the Building after the fifteenth (15th) Lease Year, such amortization to be based upon the useful life of the roof (based on generally accepted accounting principles).

  • Currently Landlord estimates the denominator of the fraction to be 31,341 Leasable Square Feet as of the Effective Date hereof, resulting in Tenant's Building Proportionate Share to be 79.6%.

  • Commencing on the Expansion Commencement Date, (i) the rentable square footage of the Expansion Premises shall be deemed to be 38,003 square feet; (ii) the rentable square footage of the entire Premises shall be deemed to be 82,346 square feet; (iii) Tenant’s Building Proportionate Share with respect to the entire Premises shall be deemed to be 19.73%; and (iv) Tenant’s Non-PO Proportionate Share with respect to the entire Premises shall be deemed to be 20.55%.

  • Notwithstanding anything to the contrary, Landlord may not recover more than 100% of the Tenant's Building Proportionate Share and Tenant's Site Proportionate Share of Operating Expenses from Tenant in any calendar year, subject to adjustment as provided in Paragraph 6.8 of the Original Lease.

  • In the event that the actual Building Operating Expenses in any Fiscal Year exceed the estimate of the Building Operating Expenses made by the Landlord for such Fiscal Year, the Tenant also agrees to pay within fourteen (14) days of written demand the Building Proportionate Share of such excess.

  • Commencing on the Expansion Commencement Date, (i) the rentable square footage of the Expansion Premises shallbe deemed to be 38,003 square feet; (ii) the rentable square footage of the entire Premises shall be deemed to be 82,346 square feet; (iii) Tenant’s Building Proportionate Share with respect to the entire Premises shall be deemed to be 19.73%; and (iv) Tenant’s Non-PO Proportionate Share with respect to the entire Premises shall be deemed to be 20.55%.

  • If any audit conducted by Tenant pursuant to Paragraph 6.7 of the Lease reveals fraud or that the amount of the Building Operating Expenses or the Site Operating Expenses billed to Tenant is more than 5% in excess of Tenant’s Building Proportionate Share of actual Building Operating Expenses or Tenant’s Site Proportionate Share of actual Site Operating Expenses, then Landlord shall pay the reasonable costs and expenses incurred by Tenant in connection with such audit, not to exceed $2,500.00.

  • Tenant shall pay as additional rent Tenant's Project Proportionate Share (as defined below) of all Project Expenses (as defined below), Tenant's Taxes Proportionate Share (as defined below) of all Taxes (as defined below), and Tenant's Building Proportionate Share (as defined below) of all Building Expenses (as defined below), which shall accrue and be due and payable from and after the Commencement Date as provided herein below.

  • During the Lease Term, Tenant shall continue to pay, as rent, the amounts and charges provided in Section 6 of the Original Lease, as amended by Section 7 of the Addendum, with respect to Tenant's Building Proportionate Share and Tenant's Site Proportionate Share, as the case may be, of the Operating Expenses, together with all other amounts and charges payable by Tenant to Landlord under the Lease, except that commencing on October 1, 2012, the Base Year shall be changed to 2013.

  • Tenant shall pay (i) Tenant's Building Proportionate Share of Operating Costs which are not incurred solely for the operation of Building Portion A, plus (ii) Tenant's Building Portion A Proportionate Share for Operating Costs which are incurred solely for the operation of Building Portion A, plus (iii) Tenant's Building Proportionate Share of Taxes.


More Definitions of Building Proportionate Share

Building Proportionate Share means a fraction, the numerator of which is the Total Rentable Area in the Building and the denominator of which is the Total Rentable Area in that part or those parts of the Project which share a Shared Common Facility, or such other fraction as the Landlord in its sole discretion acting reasonably determines is appropriate.
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Building Proportionate Share means 100% of the total;
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Related to Building Proportionate Share

  • Tenant’s Proportionate Share is, subject to the provisions of this Paragraph 3, the percentage number described in Item 4 of the Basic Lease Provisions. Tenant's Proportionate Share represents a fraction, the numerator of which is the number of square feet of Rentable Area in the Premises and the denominator of which is the number of square feet of Rentable Area in the Project, as determined by Landlord pursuant to Subparagraph 2(d) above.

  • Proportionate Share means, with respect to any Lender, the percentage obtained by dividing (a) the sum of the Commitment (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of such Lender then in effect by (b) the sum of the Commitments (or, if the Commitments are terminated, the outstanding principal amount of the Loans) of all Lenders then in effect.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following:

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Tenant’s Pro Rata Share are both subject to adjustment as provided in this Lease. Definition or Provision Means the Following (As of the Term Commencement Date} Approximate Rentable Area of Premises 11,173 square feet Approximate Rentable Area of Project 67,998 square feet Tenant’s Pro Rata Share of Project 16.43%

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Proportionate Percentage means, with respect to any Stockholder as of any date, the result (expressed as a percentage) obtained by dividing (i) the number of shares of Common Stock owned by such Stockholder as of such date by (ii) the total number of shares of Common Stock outstanding as of such date.

  • Rentable Area when applied to the Premises, is that area equal to the usable area of the Premises, plus an equitable allocation of Rentable Area within the Building that is not then utilized or expected to be utilized as usable area, including that portion of the Building devoted to corridors, equipment rooms, restrooms, elevator lobby, atrium and mailroom.

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).

  • Rentable Area of Premises on Page 1 of the Lease shall be deleted in their entirety and replaced with the following:

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • Tenant’s Percentage Share means the percentage specified in the Basic Lease Information.

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Net Rentable Area means with respect to any Project, the floor area of any buildings, structures or improvements available for leasing to tenants (excluding storage lockers and parking spaces), as reasonably determined by the Administrative Agent, the manner of such determination to be consistent for all Projects unless otherwise approved by the Administrative Agent.

  • Square Footage means the total gross horizontal areas of all floors, including usable basement and cellars, below the roof and within the outer surface of the main walls of buildings (or the center lines of party walls separating such buildings or portions thereof) or within lines drawn parallel to and two feet within the roof line of any building or portion thereof without walls (which includes, notwithstanding paragraph 3 below, the square footage of all porches), and including pedestrian access walkways or corridors, but excluding the following:

  • Footage means collectively all video, video tape recordings, film, photographs, digital photographs, and all other digital assets that depict or record the Event and/or Undersigned’s presence at the Event.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Operating Cost means the costs associated with operating a DCA funded property after it is placed in service.

  • Gross Floor Area means the total floor area, measured between the outside of exterior walls or between the outside of exterior walls and the centre line of party walls dividing the building from another building, of all floors above the average level of finished ground adjoining the building at its exterior walls;

  • Allocable Share means allocable share as that term is defined in the master settlement agreement.