Common use of Tenant’s Allocable Share Clause in Contracts

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.

Appears in 1 contract

Sources: Lease Agreement (Cavium, Inc.)

Tenant’s Allocable Share. For purposes of prorating Reimbursable Operating Costs which Tenant shall pay, Tenant▇▇▇▇▇▇’s Allocable Share of (a) Reimbursable Operating Costs specific to the 2315 Building shall be computed by multiplying the Reimbursable Operating Costs specific to the 2315 Building by a fraction, the numerator of which is the rentable square footage of the 2315 Building Premises and the denominator of which is either (i) the total rentable square footage of the 2315 Building, or (ii) the total rentable square footage of the premises of those tenants or occupants that Landlord determines to be benefiting from such service or facility, and (b) Reimbursable Operating Expenses applicable to the entire Project shall be computed by multiplying the Reimbursable Operating Costs specific to the entire Project 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 BuildingProject, 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 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 Dates Date and is subject to recalculation in the event of expansion or contraction of the rentable square footage of the Building Premises 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.

Appears in 1 contract

Sources: Lease Agreement (Astera Labs, Inc.)

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 total deemed rentable square footage assigned to the Premises (i.e. the Deemed Buildings Square Footage and the portion of the Premises Amenities Building square footage assigned to the Buildings) and the denominator of which is either (i) the total deemed rentable square footage of assigned to the Building Premises if the service or cost is allocable only to the BuildingPremises, or (ii) the total deemed 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 assigned to the premises of those tenant’s tenants or occupants that Landlord reasonably 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 Dates Date and is subject to recalculation in the event of expansion or contraction of the rentable square footage of the Building Buildings 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.

Appears in 1 contract

Sources: Lease Agreement (ServiceNow, Inc.)