Percentage Share Sample Clauses
The Percentage Share clause defines how certain amounts, such as profits, revenues, or costs, are divided between parties based on predetermined percentages. In practice, this clause specifies the exact percentage each party is entitled to or responsible for, and it may apply to net profits from a project, royalties from intellectual property, or shared expenses in a joint venture. Its core function is to ensure transparency and fairness in the allocation of financial interests, reducing the risk of disputes over how proceeds or liabilities are distributed.
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Percentage Share. Tenant shall also pay to Landlord an amount equal to Tenant’s Percentage Share of any increase in Assessments above the amount of Assessments levied or assessed against the Facility for the Base Tax Year. As used in this Section 6, the term “Assessments” shall mean all assessments, transit charges, housing charges, and levies assessed, charged, levied, confirmed, or imposed by any local government, any political subdivision, public corporation, district, or other local political or public entity or public authority thereof on or with respect to any of the items described in clauses (a) through (e) of Subsection 6.2.1 or with respect to the use, occupancy, management, maintenance, alteration, repair, or operation of the Facility (or any portion thereof) or any services or utilities furnished or consumed in connection with the use, occupancy, management, alteration, repair or operation of the Facility (or any portion thereof). Neither “Taxes” nor “Assessments” shall include any costs, taxes, fees, assessments, or impositions levied, charged, assessed, or imposed by public authorities in connection with any development or redevelopment of the Facility or expansion of the Building (other than those Assessments that are generally applicable to similarly situated property owners absent any such development or redevelopment or expansion), except to the extent such Assessments either arise from actions undertaken by Landlord in its reasonable efforts to comply with the requirements of this Lease or are legally mandated, as opposed to discretionary actions. Except to the extent otherwise expressly provided below, the amount of Assessments attributable to the Base Tax Year shall be reduced by the amount of any Assessment refund arising out of an appeal of an assessment levied or assessed against the Facility for the Base Tax Year.
Percentage Share. Commencing as of the Renewal Commencement Date, (i) Tenant’s percentage share of Property Taxes and Operating Expenses for the Premises shall be calculated based on 38,345 rentable square feet, (ii) Tenant’s percentage share of Operating Expenses allocated to the Building shall be sixty-one and 52/100ths percent (61.52%), and (iii) Tenant’s percentage share of Operating Expenses allocated to the Project shall be thirty-three and 5/100ths percent (33.05%).
Percentage Share. The Percentage Share for each Lessor Party shall be determined from time to time by the Agent in good faith, with such determination by the Agent being conclusive and binding on each Lessor Party and the Credit Parties, absent manifest error. The Agent shall maintain records regarding the Percentage Share (which may be set forth in the Register), and promptly upon any such change regarding the Percentage Share of any Lessor Party, the Agent shall provide a report to the Lessor Parties detailing the then current Percentage Shares of all the Lessor Parties.
Percentage Share. The term "Percentage Share" shall mean, with respect to any Lender (a) when used in Section 2.4, in any Request for Advance or when no Advances are outstanding hereunder, the percentage set forth opposite such Lender's name on the Lender Schedule attached hereto or any schedule delivered by Agent pursuant to Section 10.13(c)(ii), and (b) when used otherwise, the percentage obtained by dividing (i) the sum of the unpaid principal balance of such Lender's Advances at the time in question, by (ii) the sum of the aggregate unpaid principal balance of all Advances at such time.
Percentage Share. Subject to adjustment as provided in Section 2.3(b) below, each Member’s (i) name, (ii) Initial Capital Contributions, and (iii) Percentage Share are set forth in Schedule I attached hereto and made a part hereof.
Percentage Share. Tenant's percentage share of the costs described ---------------- above shall be the percentage stated in the Lease Summary, or, if no percentage is there stated, shall be determined by the square footage of the Premises divided by the square footage of the Building. However, if Tenant utilizes more than its proportionate share of the Common Area, for parking or other purposes, or more than a normal amount of any utility service, then Landlord may equitably increase Tenant's percentage share of costs associated with those items to account for such additional usage. Tenant's percentage share of property taxes may also be equitably adjusted by Landlord to take account of any disproportionate burden imposed by special improvements or valuations relating to other portions of the building or to other buildings on the tax parcel, which adjustment may raise or lower Tenant's percentage share; valuation data contained on the tax assessor's worksheets, if available, shall conclusively determine the manner in which any equitable adjustment is to be made. Tenant shall have the right to review the tax assessor's worksheets as a method of auditing Landlord's allocations of property taxes to be paid by Tenant.
Percentage Share. The definition of "Tenant's Percentage Share" set forth in the Basic Lease Information of the Lease is hereby amended to be 25.54%.
Percentage Share. If two or more primary beneficiaries are designated (or, where no primary beneficiary survives the last surviving account owner, if two or more secondary beneficiaries are designated), the account owner(s) may specify the percentage share to be received by each beneficiary. If percentage shares are not specified, the beneficiaries will receive equal shares.
Percentage Share. Final Advance for Punch List Items ................................................................................. 15 5.12 Limitation on Requested Lessor Advances regarding Available Lessor Parties Commitment ..................................................................................................................... 16 5.13 Limitation on Purchase Option under the Lease and the Agency Agreement .................. 16 5.14
Percentage Share. Effective September15, 2015, Lessee’s Percentage Share of Basic Costs for the Premises (which shall then include Additional Space) is a total of 11.59% (the ratio of 12,443 RSF of the Premises to the building total of 107,372 RSF). Effective upon the Substantial Completion of the Expansion Space Work (as such term is defined in the Lease), Lessee’s Percentage Share of Basic Costs for the Premises shall further increase to a total of 14.3% (the ratio of 15,380 RSF of the Premises to the building total of 107,372 RSF).