Building Share definition
Building Share means, with respect to each Building, the Rentable Area in such Building, divided by the rentable area in the Project, as determined by Landlord in its reasonable discretion. Initially, the Building Share for each Building shall be as shown in the Basic Lease Information, which is calculated based on a total rentable area in the Project, inclusive of the rentable area contained within the Buildings, of 148,593 square feet.
Building Share means the Rentable Area in the Building divided by the total rentable area in the Project, as determined by Landlord, in its reasonable discretion, based on the same measurement methodology as is used to measure the Rentable Area of the Premises as specified in the Basic Lease Information.
Building Share means that portion of the operating expenses of the Common Areas which is allocated to the Building pursuant to the CC&R's or Parking CC&R's, or any amendment, modifications, supplements or replacements thereto or thereof, to the extent such amendments, modifications, supplements or replacements do not increase Tenant's rental obligations hereunder. Landlord and Tenant acknowledge that since the Building is part of a larger, integrated Development, in many instances a pure segregation between costs of operation of the Building and the remaining portions of the Development may not be available. Consequently, except for Operating Expenses attributable to the Common Areas which shall be allocated to the Building as provided in the immediately preceding paragraph, in those instances in which a pure segregation between costs of operation of the Building and other portions of the Development is not available, a fair and equitable allocation of such costs shall be made among the various buildings in the Development. Operating Expenses shall be "net" only and for that purpose shall be deemed reduced by the amounts of any insurance reimbursement, other reimbursement, recoupment, payment, discount, credit, reduction, allowance or the like received by Landlord from any source whatsoever in connection with such Operating Expenses. Notwithstanding anything to the contrary contained in this Paragraph 6(a) the following shall be excluded from the definition of Operating Expenses:
Examples of Building Share in a sentence
In the event the Project is developed in a manner which results in separate legal parcels comprising some or all of the Common Areas, then with respect to those Common Area parcels, Real Property Taxes shall be calculated using Tenant’s Project Share (as opposed to Tenant’s Building Share).
You can track the current Fletcher Building Share price through the Fletcher Building Investor Centre, www.fbu.com.
Your Shares will be registered in the name of a nominee on the Fletcher Building Share registry and held onyour behalf.
Includes all fees, charges (including parking charges), expenses, fines, assessments, interest or other sums payable by Tenant pursuant to this Lease other than (a) Tenant’s Project Share of (i) Project Taxes, (ii) Project Insurance Costs and (iii) Project Operating Costs, (b) Tenant’s Building Share of (i) Building Taxes, (ii) Building Insurance Costs and (iii) Building Operating Costs and (c) Tenant’s Utility Costs due under this Lease.
In the event of any taking of the Building or the land upon which it stands under circumstances whereby this Lease shall not terminate under the provisions of Article 20 then, Tenant’s Proportionate Building Share and Tenant’s Proportionate Common Share shall be adjusted appropriately to reflect the proportion of the Premises and/or the Building remaining after such taking.
More Definitions of Building Share
Building Share means, with respect to the calculation of “Operating Expenses” according to Section 1.3(i), the percentage obtained by dividing the Rentable Area of the Premises by the total Rentable Area of the Building and multiplying the resulting quotient by 100 and rounding to the second decimal place. As of the Date, the Building Share will be 87.72%.
Building Share has the meaning prescribed in Clause 2 of Part Two of this Schedule. Clause means a numbered subdivision of a Part of this Schedule. Commencement Date means the date so identified on Page 1 of this Lease. Common Areas means the Common Areas of the Building and Land, and the Common Areas of the Project. Common Areas of the Building and Land means at any time those portions of the Building and the Land which are not leased or designated for lease by Landlord to tenants but are provided (and which may be changed from time to time) to be used directly or indirectly in common by Landlord, Tenant, and other tenants of the Building (or by the subleasees, agents, employees, customers or licensees of Landlord, Tenant and such other tenants) whether or not the same are open to Tenant, such other tenants or the general public, and may, without limiting the generalities aforesaid, Include any improvements, fixtures, chattels, equipment, systems, decor, signs, facilities, utilities, landscaping, pedestrian and vehicular exits and entrances, roads, driveways, open-space areas, medians, islands, courtyards, passageways, hallways, stairways, public washrooms, elevators, and pedestrian walkways, that are contained in the Building or on the Land, excluding the Common Areas of the Project forming part of the Lands. Common Areas of the Project means at any time those portions of the Project (but not including Common Areas of the Building and Land) which are not leased or designated for lease by Landlord (or other owners of lands In the Project from time to time) to tenants but are provided (and which may be changed from time to time) to be used directly or indirectly in common by Landlord, such other owners, Tenant, and other tenants of the Project (or by the subleasees, agents, employees, customers or licensees of Landlord, such other owners, Tenant and such other tenants) whether or not the same are open to Tenant, such other tenants or the general public, and may, without limiting the generalities aforesaid, include any improvements, fixtures, systems, decor, signs, facilities, utilities, landscaping, pedestrian and vehicular exits and entrances, roads, driveways, park and open- space areas, medians, islands, boulevards, ponds, creeks and appurtenances relating thereto (including creek beds, creek crossings, creek culverts, Inlet and outlet structures, xxxxx-xxxxx, headwalls, bridges, flood devices, xxxxx and pumps), treatment plants, service centres, courtyards, stairways...
Building Share. (of Operating Expenses of Project) shall be the percentage set forth on the first page of this Lease as Building’s Share as reasonably adjusted by Landlord for changes in the physical size of the Building or the Project occurring thereafter. If Landlord has a reasonable basis for doing so, Landlord may equitably increase Tenant’s Share for any item of expense or cost reimbursable by Tenant that relates to a repair, replacement, or service that benefits only the Premises or only a portion of the Project that includes the Premises or that varies with occupancy or use. Base Rent, Tenant’s Share of Operating Expenses and all other amounts payable by Tenant to Landlord hereunder are collectively referred to herein as “Rent.”
Building Share means a fraction, the numerator of which is the number of rentable square feet within the Subleased Premises, and the denominator of which shall be the total number of rentable square feet within the Building. The parties agree that Subtenant's initial Building Share is equal to 52.70% and Subtenant's Building Share as determined herein shall be modified, based on any increase or decrease in the number of rentable square feet within the Subleased Premises as permitted under this Sublease. The parties also agree that, by way of example only and not of limitation, Exhibit "F" attached hereto shows the parties' initial estimate of Rent for the first year of the Term but such Exhibit shall not limit or define Rent, but is merely an illustration as to the calculation of Rent. If Sublandlord obtains a Replacement, Subtenant shall continue its occupancy of the Subleased Premises (pursuant to Section 2.3) for the period, which ends five (5) years after the Effective Date, and Subtenant shall be responsible for paying the newly calculated Rent, which shall include an additional amount equal to Subtenant's Building Share of the costs incurred in connection with the renegotiation, including, without limitation, interest on Sublandlord's equity investment in the Building, interest on any debt encumbering the campus, attorneys' fees, and any and all other costs and expenses incurred by Sublandlord in connection with such Replacement. Upon completion by Sublandlord of "Sublandlord's Work" described in Exhibit "E" hereto, Sublandlord shall determine the amount of depreciation permitted to be taken thereon monthly during the Term, which amount shall be added to the Rent payable hereunder. Sublandlord shall provide notice of such monthly increase in Rent, and thereafter Subtenant shall pay Rent in the amount set forth in Sublandlord's notice. In the event such notice is delivered after the Effective Date, Subtenant shall pay to Sublandlord, within thirty (30) days after receipt of such notice, such additional Rent due for any month prior to and including the month in which such notice is given. In all cases, Subtenant's obligations under this Section 5.1 shall not include any "accelerated" payments related to the amortized costs described herein.
Building Share means, during any period of time when the Project consists of more than Phase I, the Rentable Area in the Building, divided by the total rentable area in the Project, as determined by Landlord in its reasonable discretion.
Building Share that percentage obtained from time to time by dividing the Rentable Area of the Premises by the total Rentable Area of the Building. The Rentable Area of the Building will be subject to adjustment based on the actual measurements and calculations made by Landlord’s architect from time to time (as determined by Landlord) pursuant to standards set forth in Section 1.1(d). As of the Lease Date, the Building Share is estimated to be 3.00% [calculated at 3,552 / 118,505 x 100 = 3.00%].
Building Share. The percentage specified in Section 1.01(17), which represents the ratio of the Rentable Area of the Building to the Rentable Area of the Project.