Share of Operating Expenses definition

Share of Operating Expenses means that percentage of the Real Estate Taxes determined by dividing (i) the actual total square footage of the Premises by (ii) the actual total square footage of the Building for the applicable Lease Year. Notwithstanding the foregoing, the percentages for Lessee's Pro Rata Share of Operating Expenses and for Lessee's Pro Rata Share of Real Estate Taxes shall be amended each Lease Year to the greater of the following: (i) if the total rentable area leased in the Complex (pursuant to leases under which the term has commenced) is ninety-five percent (95%) or less than the total rentable area of the Complex, the percentages shall be that which the rentable area of the Premises bears to ninety-five percent (95%) of the total rentable area of the Complex for such Lease Year; or (ii) if the total rentable area leased in the Complex (pursuant to leases under which the term has commenced) is greater than ninety-five percent (95%), the percentages shall be that which the rentable area of the Premises bears to the actual rentable area of the Complex for such Lease Year. Rentable area shall in no event include basement storage space or garage space.

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Share of Operating Expenses. An amount equal to the Tenant's Percentage Share of the total rentable area in the Building, as defined in H above, multiplied by the total operating expenses of the Building during the applicable calendar year.

Share of Operating Expenses means twenty- five and fifty-nine one hundredths percent (25.59%) of the Operating Expenses for the applicable Lease Year. Said percentages have been agreed upon by the parties hereto after due consideration of the rentable area of the Premises compared to the rentable area of the Complex.

Examples of Share of Operating Expenses in a sentence

In any such case, Tenant shall contract with parties who are acceptable to Landlord, in Landlord’s reasonable discretion, for all such repairs and services, and Landlord shall, to the extent required, equitably adjust Tenant’s Share of Operating Expenses in respect of such repairs or services to reflect that Landlord is not providing such repairs or services to Tenant.
Tenant shall pay Tenant’s Share of Operating Expenses in accordance with Exhibit B of this Lease.
Lessee hereby acknowledges that late payment by Lessee to Lessor of Base Rent, Lessee's Share of Operating Expenses or other sums due hereunder will cause Lessor to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain.
If this Lease is not terminated, Basic Rent and Tenant’s Share of Operating Expenses shall be appropriately adjusted to account for any reduction in the square footage of the Building or Premises.
If any part of the Premises shall be taken, and this Lease shall not be so terminated, the Base Rent and Tenant’s Share of Operating Expenses, Tax Expenses and Utilities Costs shall be proportionately abated.
All monetary obligations of Lessee to Lessor under the terms of this Lease, including but not limited to Lessee's Share of Operating Expenses and insurance and tax expenses payable shall be deemed to be rent.
Regardless of Lessor's consent, no assignment shall release Lessee of Lessee's obligations hereunder or alter the primary liability of Lessee to pay the Base Rent and Lessee's Share of Operating Expenses, and to perform all other obligations to be performed by Lessee hereunder.
Amounts of Tenant’s Share of Operating Expenses and any other Additional Rent for any partial year at the beginning of the Term or at the end of what would have been the remainder of the Term shall be prorated.
In addition, Tenant acknowledges that the late payment by Tenant to Landlord of Basic Rent and Tenant’s Share of Operating Expenses will cause Landlord to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult and impracticable to ascertain.
In no event shall Landlord be obligated to apply the Security Deposit upon an Event of Default and Landlord’s rights and remedies resulting from an Event of Default, including without limitation, Tenant’s failure to pay Basic Rent, Tenant’s Share of Operating Expenses or any other amount due to Landlord pursuant to this Lease, shall not be diminished or altered in any respect due to the fact that Landlord is holding the Security Deposit.

More Definitions of Share of Operating Expenses

Share of Operating Expenses. One hundred percent (100%) of the Operating Expenses with respect to the Building plus the product of the Operating Expenses with respect to the Lot and a fraction the numerator of which is the rentable floor area contained within the building and the denominator of which is the rentable floor area contained within all of the buildings located upon the Lot and not separately maintained by the tenants thereof.

Share of Operating Expenses. (as defined in the Lease) is hereby amended and shall be increased to 89.43% (based on 47,814 rentable square feet for the Premises (excluding the Seventh Expansion Space) divided by 53,464 total rentable square feet of the Project); and (ii) effective as the Seventh Expansion Commencement Date, Tenant’s Share of Operating Expenses shall further be deemed amended and shall be increased to 100% (based on 53,464 rentable square feet for the Premises divided by 53,464 total rentable square feet of the Project).

Share of Operating Expenses means fifty-three and 97/100 percent (53.97%) of the Operating Expenses for the applicable Lease Year. Said percentages have been estimated based upon a ratio of $66,000 sq. ft. to 122,300 sq. ft. (i.e., the rentable area of the Premises to the rentable area of the Complex); however, each area amount shall be subject to adjustment, pursuant to Article XXIX of Exhibit C. Further, although said percentages shall be deemed to have been agreed upon by the parties hereto after due consideration of the rentable area of the Premises compared to the rentable area of the Complex; the percentages for Lessee's Pro Rata Share of Operating Expenses and for Lessee's Pro Rata Share of Real Estate Taxes shall be amended each Lease Year to the greater of the following: (i) if the total rentable area leased in the Complex (pursuant to leases under which the term has commenced) is ninety-five percent (95%) or less than the total rentable area of the Complex, the percentages shall be that which the rentable area of the Premises bears to ninety-five percent (95%) of the total rentable area of the Complex for such Lease Year; or (ii) if the total rentable area leased in the Complex (pursuant to leases under which the term has commenced) is greater than ninety-five percent (95%), the percentages shall be that which the rentable area of the Premises bears to the actual rentable area of the Complex for such Lease Year. Rentable area shall include the exterior wall of the building in which the Premises is to be located but shall in no event include basement storage space or garage space.