Operating Expenses and Real Estate Taxes. (a) Prior to the commencement of the Extension Term, additional rent payments on account of Operating Expenses and Real Estate Taxes shall continue to be due and payable in the amounts provided for in Section 6 of the Lease.
Operating Expenses and Real Estate Taxes. (a) For purposes of this Paragraph, the following definitions shall apply:
Operating Expenses and Real Estate Taxes. 8.1 Subject to the terms hereof, in addition to the Monthly Installments of Annual Base Rent, Tenant shall pay on a monthly basis as Additional Rent during the term hereof, Tenant’s Pro Rata Share of “
Operating Expenses and Real Estate Taxes. (a) From and after January 1, 2005 and continuing until the Second Phase Period Expiration Date, Subtenant shall pay to Sublessor as Additional Rent, in advance, without demand and without any setoff or deduction, the amount (“Expense Adjustment Amount”) by which the total of the Real Estate Taxes in a Lease Year (as such term is defined in Paragraph 3(a) of the Main Lease) and Operating Expenses (as such term is defined in Paragraph 3(a) of the Main Lease) in a Lease Year exceeds the total of Real Estate Taxes and Operating Expenses for the Base Year, respectively. The Expense Adjustment Amount with respect to each Lease Year shall be paid in equal monthly installments, in advance, on the first day of each month during such Lease Year in an amount estimated from time to time by Sublessor and communicated by written notice to Subtenant, together with the basis for such estimation. In the event that said estimate is delivered to Subtenant after the first day of January of the applicable Lease Year, said amount, so estimated, shall be payable as Additional Rent, in equal monthly installments, in advance, on the first day of each month over the balance of such Lease Year, with the number of installments being equal to the number of full calendar months remaining in such Lease Year. Subtenant shall continue to pay such estimated amount of Expense Adjustment Amount for each subsequent Lease Year thereafter on or before the first (1st) day of each month in advance without demand and without any setoff or deduction, but the aforesaid estimated amount of the Expense Adjustment Amount may be adjusted and revised by Sublessor after the end of each calendar year during the Term on the basis of the projected Operating Expenses and Real Estate Taxes for the subject lease year, which projection shall be given to Subtenant. Notwithstanding anything herein to the contrary, in event that the total of the Real Estate Taxes in a Lease Year and Operating Expenses in a Lease Year are equal to or less than the total of Real Estate Taxes and Operating Expenses for the Base Year, the Expense Adjustment Amount for such Lease Year shall be zero and Subtenant shall not be entitled to any credit or refund whatsoever for such Lease Year on account of Operating Expenses and Real Estate Taxes, except as provided in subparagraph (b) below.
Operating Expenses and Real Estate Taxes. Commencing on January 1, 2012, Tenant shall pay (in accordance with the process generally set forth in Section 5.1(e) of the Lease), as additional rent for the Fifth Floor Additional Space, (i) Tenant’s proportionate share (with respect to the Fifth Floor Additional Space only) of the amount by which Operating Expenses incurred by Landlord for each calendar year falling entirely or partly within the Fifth Floor Additional Space Lease Term exceed the Fifth Floor Additional Space Base Year Operating Expenses (hereinafter defined) incurred by Landlord during the twelve (12) month period commencing January 1, 2011, and ending December 31, 2011 (the “Fifth Floor Additional Space Base Year”), and (ii) Tenant’s proportionate share (with respect to the Fifth Floor Additional Space only) of the amount by which Real Estate Taxes for each calendar year falling entirely or partly within the Fifth Floor Additional Space Lease Term exceed the Fifth Floor Additional Space Base Year Real Estate Taxes (hereinafter defined) incurred by Landlord during the Fifth Floor Additional Space Base Year. For the purpose of this Third Amendment, the term “Fifth Floor Additional Space Base Year Operating Expenses” means the Operating expenses incurred by Landlord during the Fifth Floor Additional Space Base Year and the term “Fifth Floor Additional Space Base Year Real Estate Taxes” means the Real Estate Taxes incurred by Landlord during the Fifth Floor Additional Space Base Year. Landlord and Tenant acknowledge that the “Base Year” for the “Premises” under the Original Lease is different than the “Base Year” for the Fifth Floor Additional Space. To the extent that the aggregate of the Operating Expenses and Real Estate Taxes (for the Fifth Floor Additional Space only) for any calendar year are less than the aggregate of the Fifth Floor Additional Space Base Year Operating Expenses and Fifth Floor Additional Space Base Year Real Estate Taxes, then Tenant shall only be responsible for the net increase over the aggregate of the Fifth Floor Additional Space Base Year Operating Expenses and the Fifth Floor Additional Space Base Year Real Estate Taxes after deducting the amount of such reduction from the Fifth Floor Additional Space Base Year Operating Expenses and/or Fifth Floor Additional Space Base Year Real Estate Taxes (as applicable); provided, however, in no event will the netting-out of increase in taxes and expenses pursuant to this sentence result in a credit or reimbursement to T...
Operating Expenses and Real Estate Taxes. Notwithstanding anything contained herein to the contrary, Lessee shall not pay for, and operating expenses and real estate taxes shall not include, the following:
Operating Expenses and Real Estate Taxes. From and after the First Expense Year as hereinafter defined, in addition to the Monthly Rent, Tenant agrees to pay additional rent as and when provided in this Section 6.
Operating Expenses and Real Estate Taxes. 9.1GENERAL: In addition to Monthly Base Rent, beginning on the Lease Commencement Date, Tenant shall pay Tenant's Share of the Operating Expenses (defined below);
Operating Expenses and Real Estate Taxes. Tenant’s obligations under Section 4.2 of the Lease to pay Operating Expenses with respect to the Xxxxxxxx Space shall be computed using the calendar year ending December 31, 2009 as a base year; and Tenant’s obligations under Section 4.2 of the Lease to pay increases in Real Estate Taxes with respect to the Xxxxxxxx Space shall be computed using the fiscal year ending June 30, 2008 as the base year.
Operating Expenses and Real Estate Taxes. Base year to be 2013
