Common use of Accounting Policies Clause in Contracts

Accounting Policies. Manager shall use the accrual method of accounting with GAAP adjustments shown below (unless and until GAAP changes): (1) Straight-Line Rent Adjustment – Record straight-line rent over the entire Lease period on a Lease by Lease basis; (2) Free Rent Adjustment – Recognize any Free Rent as part of the straight-line rent calculation on a Lease by Lease basis; (3) Capitalization Policy – Capitalize any expenditure that replace, improve, or otherwise extend the economic life of an asset in excess of $5,000 for any given project. This includes tenant improvements and Lease acquisition costs (leasing commissions, space planning fees, legal fees, etc) that are in excess of $5,000; (4) Depreciation Expense – Record monthly depreciation expense on a straight-line basis over the estimated useful life of a given asset; (5) Amortization Expense – Record monthly amortization expense on a straight-line basis over the life of the Lease for which the cost was incurred; and (6) Other – Adopt such other accounting policies as Owner may direct from time to time with written notice to Manager.

Accounting Policies. Manager shall use the accrual method of accounting with GAAP adjustments shown below (unless and until GAAP changes): (1) Straight-Line Rent Adjustment – - Record straight-line rent over the entire Lease period on a Lease by Lease basis; (2) Free Rent Adjustment – - Recognize any Free Rent as part of the straight-line rent calculation on a Lease by Lease basis; (3) Capitalization Policy – - Capitalize any expenditure that replace, improve, or otherwise extend the economic life of an asset in excess of $5,000 for any given project. This includes tenant improvements and Lease acquisition costs (leasing commissions, space planning fees, legal fees, etc) that are in excess of $5,000; (4) Depreciation Expense – - Record monthly depreciation expense on a straight-line basis over the estimated useful life of a given asset; (5) Amortization Expense – - Record monthly amortization expense on a straight-line basis over the life of the Lease for which the cost was incurred; and (6) Other – - Adopt such other accounting policies as Owner may direct from time to time with written notice to Manager.

Accounting Policies. Manager shall use the accrual method of accounting with GAAP adjustments shown below (unless and until GAAP changes): (1) Straight-Line Rent Adjustment – Record straight-line rent over the entire Lease lease period on a Lease lease by Lease lease basis; (2) Free Rent Adjustment – Recognize any Free Rent as part of the straight-line rent calculation on a Lease lease by Lease lease basis; (3) Capitalization Policy – Capitalize any expenditure that replace, improve, or otherwise extend the economic life of an asset in excess of $5,000 for any given project. This includes tenant improvements and Lease lease acquisition costs (leasing commissions, space planning fees, legal fees, etc) that are in excess of $5,000; (4) Depreciation Expense – Record monthly depreciation expense on a straight-line basis over the estimated useful life of a given asset; (5) Amortization Expense – Record monthly amortization expense on a straight-line basis over the life of the Lease lease for which the cost was incurred; and (6) Other – Adopt such other accounting policies as Owner may direct from time to time with written notice to Manager.or as specified on Exhibit A.

Accounting Policies. Manager shall use the accrual method of accounting with GAAP adjustments shown below (unless and until GAAP changes): (1) Straight-Line Rent Adjustment – Adjustment- Record straight-line rent over the entire Lease lease period on a Lease lease by Lease lease basis; (2) Free Rent Adjustment – - Recognize any Free Rent as part of the straight-line rent calculation on a Lease lease by Lease lease basis; (3) Capitalization Policy – - Capitalize any expenditure that replace, improve, or otherwise extend the economic life of an asset in excess of $5,000 for any given project. This includes tenant improvements and Lease lease acquisition costs (leasing commissions, space planning fees, legal fees, etc) that are in excess of $5,000; (4) Depreciation Expense – - Record monthly depreciation expense on a straight-line basis over the estimated useful life of a given asset; (5) Amortization Expense – - Record monthly amortization expense on a straight-line basis over the life of the Lease lease for which the cost was incurred; and (6) Other – - Adopt such other accounting policies as Owner may direct from time to time with written notice to Manager.or as specified on Exhibit A.

Accounting Policies. Manager shall use the accrual method of accounting with GAAP adjustments shown below (unless and until GAAP changes): (1) Straight-Line Rent Adjustment – Adjustment- Record straight-line rent over the entire Lease lease period on a Lease lease by Lease lease basis; (2) Free Rent Adjustment – - Recognize any Free Rent as part of the straight-line 10 rent calculation on a Lease lease by Lease lease basis; (3) Capitalization Policy – - Capitalize any expenditure that replace, improve, or otherwise extend the economic life of an asset in excess of $5,000 for any given project. This includes tenant improvements and Lease lease acquisition costs (leasing commissions, space planning fees, legal fees, etc) that are in excess of $5,000; (4) Depreciation Expense – - Record monthly depreciation expense on a straight-line basis over the estimated useful life of a given asset; (5) Amortization Expense – - Record monthly amortization expense on a straight-line basis over the life of the Lease lease for which the cost was incurred; and (6) Other – - Adopt such other accounting policies as Owner may direct from time to time with written notice to Manager.or as specified on Exhibit A.