Tenant’s Pro Rata Share definition

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%

Tenant’s Pro Rata Share means nine and twenty-nine hundredths percent (9.29%), which is the sum derived by dividing the Rentable Area of the Premises by The Rentable Area of the Building and multiplying the result thereat by one hundred (100).

Tenant’s Pro Rata Share means the percentage calculated by dividing the rentable area of the Premises (numerator) by the rentable area of the Building (denominator), and expressing the fraction as a percentage.

Examples of Tenant’s Pro Rata Share in a sentence

• If this Lease is not terminated, Base Rent and Tenant’s Pro Rata Share shall be appropriately adjusted to account for any reduction in the square footage of the Building or Premises.

• Tenant’s Pro Rata Share shall be a fraction, the numerator of which is the number of rentable square feet in the Demised Premises, and the denominator of which is the number of rentable square feet in the Building of which the Demised Premises is a part.

• In the event that a portion of the Building is damaged or condemned or any other event occurs which alters the rentable area of the Premises or the rentable area of the Building, Landlord may adjust Tenant’s Pro Rata Share of the Building to properly reflect the proportion of the rentable area of the Building (as altered by such event) which is attributable to the rentable area of the Premises (as altered by such event).

• On or before the first day of each month, Tenant shall pay to Landlord a monthly installment equal to one-twelfth of Tenant’s Pro Rata Share of Landlord’s estimate of both the Expense Excess and Tax Excess.

• Tenant’s Pro Rata Share of Real Property Taxes during the Lease Term is paid through Rent, which is established in Article 1.

More Definitions of Tenant’s Pro Rata Share

Tenant’s Pro Rata Share. The percentage equal to the Rentable Square Footage of the Premises divided by the Rentable Square Footage of the Building.

Tenant’s Pro Rata Share means the percentage set forth in Section 1.5. If Tenant, at any time during the Term, leases additional space in the Building or if the Rentable Area is adjusted, Tenant's Pro Rata Share shall be recomputed by dividing the total rentable square footage of space then leased by Tenant (including any additional space) by the Rentable Area and the resulting figure shall become Tenant's Pro Rata Share.

Tenant’s Pro Rata Share. 7.55%. Tenant’s Pro Rata Share shall be adjusted for changes in the Rentable Square Footage of the Premises and/or the Rentable Square Footage of the Building, including, without limitation, changes which may result from any condemnation or other taking of a portion of the Building.

Tenant’s Pro Rata Share means Four and 03/100 percent (4.03%), representing the ratio that the rentable area of the Premises (6,901 square feet) bears to the total rentable area of the Building (152,501 square feet).

Tenant’s Pro Rata Share. 47.5620%.

Tenant’s Pro Rata Share means a fraction, expressed as a percentage, the numerator of which is the number of square feet of floor space contained in Tenant’s Premises and the denominator of which is the number of square feet of floor space contained in all of the Buildings located on the Parcel (i.e., 66.76% [36,900/55,271], subject to adjustment upon the completion of any measurement of the Premises described in Addendum One, Section 1).

Tenant’s Pro Rata Share is calculated by dividing the rentable square foot area of the Demised Premises by the rentable square foot area of the Building, as of the date of the computation. Tenant’s Pro Rata Share is initially 1.117% and is subject to adjustment if the rentable square footages of the Demised Premises changes on account of any amendment to the Lease or the Building changes on account of any reconstruction or expansion by Landlord. The Building, consists of approximately 448,071 rentable square feet.