Common use of Adjustment When Landlord Adds Additional Buildings to the Project Clause in Contracts

Adjustment When Landlord Adds Additional Buildings to the Project. If Landlord adds additional buildings within the Project following the Base Year, Landlord shall make an appropriate adjustment to the Operating Expenses for the Base Year, as reasonably determined by Landlord using sound accounting and management principles, to determine the amount of Operating Expenses that would have been incurred for the Base Year if such additional building had been complete and 95% occupied during the Base Year.

Appears in 5 contracts

Samples: Office Lease Agreement (IDEAYA Biosciences, Inc.), Office Lease Agreement (Evoke Pharma Inc), Office Lease Agreement (Adamis Pharmaceuticals Corp)

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Adjustment When Landlord Adds Additional Buildings to the Project. If Landlord adds constructs additional buildings within the Project following the Base YearProject, Landlord shall make an appropriate adjustment to the Operating Expenses for the Base Year, as reasonably determined by Landlord using sound accounting and management principles, to determine the amount of Operating Expenses that would have been incurred for the Base Year if such additional building had been complete and 95% occupied (unless the actual percentage of occupancy is higher than 95%, in which case such higher percentage will be used) during the Base Year.

Appears in 2 contracts

Samples: Office Lease (Captiva Software Corp), Gross Office Lease (Bakbone Software Inc)

Adjustment When Landlord Adds Additional Buildings to the Project. If Landlord adds constructs additional buildings within the Project following the Base Year, Landlord shall make an appropriate adjustment to the Operating Expenses for the Base Year, as reasonably determined by Landlord using sound accounting and management principles, to determine the amount of Operating Expenses that would have been incurred for the Base Year if such additional building had been complete and 95100% occupied during the Base Year.

Appears in 2 contracts

Samples: www.sec.gov, Modified Gross Office Lease (Bakbone Software Inc)

Adjustment When Landlord Adds Additional Buildings to the Project. If Landlord adds constructs additional buildings within the Project following the Base during an Expense Year, Landlord shall make an appropriate adjustment to the Operating Expenses for such Expense Year and Tenant’s Share of the Base YearProject, as reasonably determined by Landlord using sound accounting and management principles, to determine the amount of Operating Expenses that would have been incurred for the Base Expense Year if such additional building had been complete and 95% occupied during the Base Expense Year.

Appears in 1 contract

Samples: Office Lease (Lionbridge Technologies Inc /De/)

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Adjustment When Landlord Adds Additional Buildings to the Project. If Landlord adds constructs additional buildings within the Project following the Base Year, Landlord shall make an appropriate adjustment to the Operating Expenses for the Base Year, as reasonably determined by Landlord in its sole discretion using sound accounting and management principles, to determine estimate the amount of Operating Expenses that would have been incurred for the Base Year if such additional building had been complete and 95% occupied during the Base Year.

Appears in 1 contract

Samples: Gross Office Lease (BeautyKind Holdings, Inc.)

Adjustment When Landlord Adds Additional Buildings to the Project. If Landlord adds constructs additional buildings within the Project following the Base Year, Landlord shall make an appropriate adjustment to the Operating Expenses for the Base Year, as reasonably determined by Landlord using sound accounting and management principles, to determine the amount of Operating Expenses that would have been incurred for the Base Year if such additional building had been complete and 95% occupied during the Base Year.

Appears in 1 contract

Samples: Bumble Bee Capital Corp.

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