Examples of Proportionate Share in a sentence
If Xxxxxx’s Proportionate Share of Operating Costs for any Calendar Year exceeds the payments received by Landlord towards Tenant’s Proportionate Share of Estimated Operating Costs for such year, Tenant shall pay to Landlord Tenant’s Proportionate Share of the Operating Costs Adjustment within thirty (30) days after delivery of the Cost Statement.
Tenant shall pay as Additional Rent Tenant’s Proportionate Share of Estimated Operating Costs in advance, on or before the first day of each calendar month, in the same manner as set forth above for Basic Rent.
The Participants’ representation on the Board shall be proportionate to their respective Proportionate Share with each Board seat representing a 20% Interest.
Where any Participant’s Interest is less than 20%, that Participant may pool its interest with any other Participant whose Interest is less than 20% such that the sum of their interests is equal to at least a 20% Interest entitling those Participants to collectively nominate their Proportionate Share of representatives for appointment to the Board.
As of the Commencement Date, Xxxxxx’s Proportionate Share is 9.31%.