Allocation of Operating Expenses. The parties acknowledge that the Building is a part of a multi-building project, and that the costs and expenses incurred in connection with the Complex (i.e., the Operating Expenses) shall be shared between the tenants of the Building and the tenants of the other buildings of the Complex. Accordingly, as set forth above, Operating Expenses are determined annually for the Complex as a whole, and a portion of the Operating Expenses, which portion shall be determined by Landlord on a reasonable and equitable basis, shall be allocated to the tenants of the Building (as opposed to the tenants of such other buildings), and such portion so allocated shall be the amount of Operating Expenses payable with respect to the Building upon which Tenant’s Share shall be calculated. Such portion of the Operating Expenses allocated to the tenants of the Building shall include all Operating Expenses which are attributable solely to the Building, and a reasonable and equitable portion of the Operating Expenses attributable to the Complex as a whole.
Allocation of Operating Expenses. Tenant shall pay as Additional Rent Tenant’s Percentage Share of Project Operating Expenses and Project Common Area Expenses. On an annual basis and from time to time, as described herein, Landlord shall advise Tenant of the estimated Tenant’s Percentage Share of Project Operating Expenses and Project Common Area Expenses for the next relative period. Tenant shall pay in advance in monthly installments the estimated Tenant’s Percentage Share of Operating Expenses and Common Area Expenses. Tenant shall also pay Tenant’s Percentage Share of adjustments to the actual Operating Expenses and actual Common Area Expenses on a quarterly or annual basis (as more fully described below) at Landlord’s option. At any time during the Lease Term, but no later than ten (10) days before the date a rental payment is due, Landlord may deliver to Tenant a written estimate of any increase in Tenant’s Percentage Share of Operating Expenses and Common Area Expenses which may be reasonably anticipated pursuant to this Section 5.1. Tenant shall pay to Landlord the amount of any such estimated increase in equal monthly installments no later than the first day of each month for such full or partial calendar year for which the estimate was made. Statements showing Tenant’s Percentage Share of the actual Operating Expenses and actual Common Area Expenses shall be prepared in reasonable detail and according to Generally Accepted Accounting Principles. Said statements shall be known as “Statements of Actual Adjustment”. Landlord shall deliver such a Statement of Actual Adjustment to Tenant within one hundred twenty (120) days after the end of any calendar year in which additional charges were paid by Tenant under the provisions of this Section 5.1 or, at the option of Landlord, within forty-five (45) days after the expiration of each calendar quarter. Any delays in notifying tenant of such charges shall not waive tenant’s obligation to pay any charges due. Within fifteen (15) days after Landlord delivers to Tenant such Statement of Actual Adjustment, Tenant shall pay to Landlord the amount of any additional charges shown as being due and unpaid on such Statement. If such Statement of Actual Adjustment shows that Tenant paid to Landlord an aggregate amount in excess of the additional charges due for the preceding calendar year, and Tenant is not then in default under this Lease, Landlord shall credit the amount of overpayment against subsequent obligations of Tenant, or shall pay such ex...
Allocation of Operating Expenses. If at any time during the Term -------------------------------- less than ninety-five percent (95%) of the then current Rentable Area of the Building is occupied by tenants, at Landlord's option those components of Operating Expenses which vary with occupancy shall be adjusted to reflect the Operating Expenses as though the Building had been 95% occupied during such period. Such adjustment shall be made on a pro rata basis over the occupied Rentable Area of the Building, based on both the comparative Rentable Areas of the occupied premises and the portion of such Calendar Year during which such premises were occupied. Operating Expenses which do not vary with occupancy, such as public liability insurance, lobby maintenance and heating and air conditioning costs, will continue to be allocated on a pro rata basis over the Rentable Area of the Building whether or not occupied and Tenant shall only be responsible for its Proportionate Share of such Operating Expenses.
Allocation of Operating Expenses. Notwithstanding the allocations set forth in Section 10.1 and 10.2, Operating Expenses for any fiscal year shall be specially allocated Pro Rata to the Partners; provided, however, that, if the General Partner waives any portion of the Management Fee attributable to the General Partner or its Affiliates pursuant to Section 5.2(c) hereof, the General Partner or its Affiliates, as the case may be, will not be allocated any portion of the Management Fee so waived.
Allocation of Operating Expenses. The operating costs (as defined in Appendix A) will be paid from the Operating Fund, which will be funded in the following priority order.
Allocation of Operating Expenses. On a monthly basis, RWS will invoice to London, Aylmer, and St. Xxxxxx for the regular reoccurring operational expenses paid by RWS on behalf of London, Aylmer, and St. Xxxxxx as authorized in Section 3.7. The regular reoccurring operational expenses shall be apportioned to each of London, Aylmer, and St. Xxxxxx proportionate to the respective occupancy and/or material utilization. For greater clarity, the allocation of common operating expenditures which have been authorized for payment are outlined in Schedule C of this Agreement.
Allocation of Operating Expenses. A proposed allocation of the first year seed funding among the Member Agencies is currently being discussed among the staffs. The proposed allocation of costs among the Member Agencies will be presented to the four boards when the boards consider approval of the JPA formation documents. After housing units have been secured by the JPA, operating costs shall be distributed in proportion to the total number of JPA housing units allocated to each Member Agency at the beginning of the prior fiscal year.
Allocation of Operating Expenses. Tenant acknowledges that, because the Project contains multiple buildings and both retail and office elements, Landlord shall equitably allocate some or all of the Operating Expenses for the Project among different portions or occupants of the Project (the "Cost Pools"), in Landlord's reasonable discretion, based on (i) those Project Operating Expenses which are attributable solely to the Building, and (ii) a portion of the Operating Expenses which are attributable to the common areas of the Project as a whole.
Allocation of Operating Expenses. .... 7 X. Xxxxxx's Right to Examine Landlord's Books and Records............... 7
Allocation of Operating Expenses. All rents, utility charges, common area maintenance charges, and other similar expenses with respect to the Purchased Assets, if any, shall be apportioned between the Buyer and Seller as of the Closing Date (with Seller being liable for that portion of the period up to and including the day before the Closing Date, and Buyer being liable for that portion of the period on and after the Closing Date). At the Closing, if Seller has prepaid for any portion of such expenses that are allocated to Buyer and were not included in Current Assets for purposes of determining Net Working Capital, Seller shall present a statement to Buyer setting forth the amount of reimbursement to which Seller is entitled under this Section 11.5, together with such supporting evidence as is reasonably necessary to calculate the proration amount, and the Closing Amount shall be adjusted upwards by the amount owed. Following the Closing, if a Party pays any portion of such expenses that are allocated to the other Party and were not included in Net Working Capital, such Party shall present a statement to the other Party setting forth the amount of reimbursement to which such Party is entitled under this Section 11.5, together with such supporting evidence as is reasonably necessary to calculate the proration amount, and the other Party shall pay the amount owed within ten (10) days after delivery of such statement.
