Tenant’s Allocable Share Clause Samples
The "Tenant’s Allocable Share" clause defines the proportion of certain building-wide or common area expenses that the tenant is responsible for paying under a lease. Typically, this share is calculated based on the ratio of the tenant’s leased space to the total leasable area of the property, and it is used to determine the tenant’s contribution to costs such as maintenance, utilities, or property taxes. By specifying the tenant’s allocable share, the clause ensures a fair and transparent method for distributing shared expenses among all tenants, preventing disputes and clarifying each party’s financial obligations.
Tenant’s Allocable Share. For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant's Allocable Share of Reimbursable Operating Costs shall be computed by multiplying the Reimbursable Operating Costs by a fraction, the numerator of which is the rentable square footage of the Premises and the denominator of which is either the total rentable square footage of the Building if the service or cost is allocable only to the Building, or the total square footage of the Project if the service or cost is allocable to the entire Project. Tenant's obligation to share in Reimbursable Operating Costs shall be adjusted to reflect the Lease Commencement and Expiration dates and is subject to recalculation in the event of expansion of the Building or Project.
Tenant’s Allocable Share. For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant’s Allocable Share of Reimbursable Operating Costs shall be computed by multiplying the Reimbursable Operating Costs by a fraction, the numerator of which is the rentable square footage of the Premises and the denominator of which is either (i) the total rentable square footage of the Building if the service or cost is allocable only to the Building, or (ii) the total rentable square footage of the buildings in the Project if the service or cost is allocable to the entire Project and there are other buildings in the Project, or (iii) the total rentable square footage of the premises of those tenants or occupants that Landlord determines to be benefiting from such service or facility. Tenant’s obligation to share in Reimbursable Operating Costs shall be adjusted to reflect the Lease Commencement Date and Expiration Date and is subject to recalculation in the event of expansion or contraction of the rentable square footage of the Premises, Building or Project.
Tenant’s Allocable Share. For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant’s Allocable Share of Reimbursable Operating Costs shall be computed by multiplying the Reimbursable Operating Costs by a fraction, the numerator of which is the rentable square footage of the Premises and the denominator of which is either the total rentable square footage of the Building if the service or cost is allocable only to the Building, or the total square footage of the buildings completed within the Project if the service or cost is allocable to the entire Project. Tenant’s obligation to share in Reimbursable Operating Costs shall be adjusted to reflect the Lease Commencement and Expiration dates and is subject to recalculation in the event of expansion of the Building or Project.
Tenant’s Allocable Share. For purposes of prorating Common Area Costs which Tenant shall pay, Tenant's Allocable Share of Building Costs is computed by multiplying the total Common Area Costs for services shared by the Building by a fraction, the numerator of which is the rentable square footage of the Building (excluding common areas). Tenant's Allocable Share of Project Costs shall be computed on a shared service by service basis, by multiplying the total Common Area Costs for services shared by the Building and one or more buildings in the Project by a fraction, the numerator of which is the rentable square footage of the Buildings in the Project which share the services. It is understood and agreed by Landlord and Tenant that Tenant's Allocable Share of Building Costs is 42.33% and of Project Costs is 10.12%. For all tax-related expenses, tenant's allocable share shall be 17.19% of the Parcel cost. It is understood and agreed that Tenant's obligation to share in Common Area Costs shall be adjusted to reflect the commencement and termination dates of the Lease Term and are subject to recalculation in the event of expansion of the Building or Project.
Tenant’s Allocable Share. For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant’s Allocable Share of Reimbursable Operating Costs shall be computed by multiplying the Reimbursable Operating Costs by a fraction, the numerator of which is the rentable square footage of the Premises and the denominator of which is either (i) the total rentable square footage of the Building if the service or cost is allocable only to the Building, or (ii) the total rentable square footage of the buildings in the Project if the service or cost is allocable to the entire Project, or (iii) the total rentable square footage of the premises of those tenant’s or occupants that Landlord determines to be benefiting from such service or facility. Tenant’s obligation to share in Reimbursable Operating Costs shall be adjusted to reflect the Lease Commencement and Expiration Dates and is subject to recalculation in the event of expansion or contraction of the rentable square footage of the Building or Project. Notwithstanding the foregoing or anything else to the contrary contained in the Lease, for purposes of calculating the Reimbursable Operating Costs, the rentable square footage of the Premises shall be deemed to be 55,440 for months 1-12 of the Lease Term (unless and until during such twelve (12) month period Tenant occupies more than 55,440 rentable square feet in the Building for the conduct of its business, in which event Tenant’s Allocable Share shall be based on 110,881 rentable square feet thereafter), and then 110,881 for the remainder of the Lease Term.
Tenant’s Allocable Share. For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant's Allocable Share of Reimbursable Operating Costs shall be computed by multiplying the Reimbursable Operating Costs by a fraction, the numerator of which is the rentable square footage of the Premises and the denominator of which is either the total rentable square footage of the Building if the service or cost is allocable only to the Building, or the total square footage of the Project if the service or cost is allocable to the entire Project. Tenant's obligation to share in Reimbursable Operating Costs shall be prorated for any partial months during the Lease Term, and is subject to recalculation in the event of expansion of the Project. Using the above formula, Tenant's Allocable Share for the Building is 100% and for the Project is 14.5%.
(i) property taxes; (ii) property insurance; (iii) roof maintenance; (iv) scheduled weekly landscape maintenance, (iv) parking lot sweeping; and (v) Common Area utilities. To the best of Landlord's knowledge, there are no significant increases foreseen in the above expenses for calendar year 2002.
Tenant’s Allocable Share. [for Phase 1 is: %] or [for the entirety of the Subleased Premises is: 100%]. Please acknowledge your acceptance of possession and agreement to the terms set forth above by signing all 3 counterparts of this Commencement Letter in the space provided and returning 2 fully executed counterparts to my attention. Sincerely, Sublandlord Authorized Signatory Agreed and Accepted: Subtenant: By: [EXHIBIT — DO NOT SIGN] Name: Title: Date: PHASE 1: PHASE 2: ▇▇▇▇▇▇▇▇▇▇▇▇: 153 Couch: 1 Conference Tables: 13 Chairs: 2 Conference Chairs: 96 Coffee Table: 1 Soft Seating: 36 Kitchen seating: ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇: 178 Tables: 11 Conference Tables: 10 Chairs: 38 Conference Chairs: 100 Soft Seating: 25 Kitchen seating: none ▇▇▇▇▇▇▇▇▇▇▇▇: 184 Couch: 4 Conference Tables: 8 Tables; 6 Conference Chairs: 62 Side Tables: 2 Smaller tables: 2 Coffee Table: 1 Soft Seating: 16 Chairs: 24 Kitchen seating: none Wicker Chairs: 8 Soft Seating: 4 EXHIBIT D IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER ISSUE DATE: ISSUING BANK: SILICON VALLEY BANK 3003 TASMAN DRIVE 2ND FLOOR, MAIL SORT HF210 ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ BENEFICIARY: NETFLIX, INC. ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ATTN: CHIEF FINANCIAL OFFICER APPLICANT: ROKU, INC. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇. ▇▇ ▇▇▇▇▇ EXPIRATION DATE: (ONE YEAR FROM ISSUANCE) LOCATION: SANTA CLARA, CALIFORNIA DEAR SIR/MADAM: WE HEREBY ESTABLISH OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. SVBSF IN YOUR FAVOR AVAILABLE BY YOUR DRAFTS DRAWN ON US AT SIGHT IN THE FORM OF EXHIBIT “A” ATTACHED AND ACCOMPANIED BY THE FOLLOWING DOCUMENTS:
1. THE ORIGINAL OF THIS LETTER OF CREDIT AND ALL AMENDMENT(S), IF ANY.
2. BENEFICIARY’S DATED STATEMENT SIGNED BY AN AUTHORIZED SIGNATORY STATING THAT BENEFICIARY IS ENTITLED TO DRAW ON THIS LETTER OF CREDIT PURSUANT TO THE SUBLEASE BETWEEN ROKU, INC. AND NETFLIX, INC., AS IT MAY BE AMENDED. THIS LETTER OF CREDIT CANNOT BE MODIFIED OR REVOKED WITHOUT THE WRITTEN CONSENT OF BENEFICIARY. PARTIAL DRAWS AND MULTIPLE PRESENTATIONS ARE ALLOWED. THIS ORIGINAL LETTER OF CREDIT MUST ACCOMPANY ANY DRAWINGS HEREUNDER FOR ENDORSEMENT OF THE DRAWING AMOUNT AND WILL BE RETURNED TO THE BENEFICIARY UNLESS IT IS FULLY UTILIZED. ALL THE DETAILS SET FORTH HEREIN IN THIS LETTER OF CREDIT DRAFT IS APPROVED BY APPLICANT IF THERE IS ANY DISCREPANCY BETWEEN THE DETAILS OF THIS LETTER OF CREDIT DRAFT AND THE LETTER OF CREDIT APPLICATION BETWEEN APPLICANT AND SILICON VALLEY BANK. THE DETAILS HEREOF SHALL PREVAIL T...
Tenant’s Allocable Share. Tenant’s Allocable Share of Common Area Expenses shall initially mean twelve and 3/10th percent (12.3%), provided, that if the Area of Premises increases pursuant to Section 1.3, then Tenant’s Allocable Share of Common Area Expenses shall thereafter be the percentage obtained by dividing the increased Area of Premises by the Area of the Building. Tenant’s Allocable Share of Taxes shall equal the percentage determined by dividing all Rent payable by Tenant for a given Lease Year by the total Rent received by Landlord from all tenants of the Building for such Lease Year, provided in no event shall Tenant's Allocable Share of Taxes be less than Tenant’s Allocable Share of Common Area Expenses (as the same may increase as provided above).
Tenant’s Allocable Share. For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant’s Allocable Share of Reimbursable Operating Costs shall be computed by multiplying the Reimbursable Operating Costs by a fraction, the numerator of which is the rentable square footage of the Premises and the denominator of which is either (i) the total rentable square footage of the Building if the service or cost is allocable only to the Building, or (ii) the total square footage of the Project if the service or cost is allocable to the entire Project, or (iii) the total rentable square footage of the premises of those tenants or occupants that Landlord determines to be benefitting from such service or facility. Tenant’s obligation to share in Reimbursable Operating Costs shall be adjusted to reflect the Lease Commencement and Expiration dates and is subject to recalculation in the event of expansion of the Building or Project.
Tenant’s Allocable Share. For purposes of prorating Common Area Costs which Tenant shall pay, Tenant's Allocable Share of Common Area Costs shall be computed by multiplying the total Common Area Costs by a fraction, the numerator of which is the Rentable Square Footage of the Building and the denominator of which is either the total Rentable Square Footage of the Building if the service is allocable only to the Building, or the total square footage of the Project if the service is allocable to the entire Project. Tenant's obligation to share in Common Area Costs shall be adjusted to reflect the Lease Commencement and Expiration dates and is subject to recalculation in the event of expansion of the Building or Project.