Building Common Area Charges Sample Clauses

Building Common Area Charges. (a) Commencing on the Commencement Date, Xxxxxx agrees to pay to Lessor Lessee’s Proportionate Share (as defined at Section 4.5(d) of Building Common Area Charges (as defined at Section 4.5(c)) on the first day of each Quarterly Period, in advance, during the Term, which quarterly installments represent Lessor’s estimate of the amount of Lessee’s Proportionate Share of said Building Common Area Charges on the Commencement Date. Lessor shall, prior to the beginning of each calendar year, estimate the expected Building Common Area Charges for such calendar year and Xxxxxx’s Proportionate Share thereof, one- quarter (1/4) of which shall constitute the quarterly installments for such year. Within one hundred eighty (180) days after the end of each calendar year, Lessor shall advise Lessee of the actual Building Common Area Charges paid or payable during the prior calendar year and thereupon there shall be an adjustment between Lessor and Lessee with payment to or repayment by Lessor, as the case may require, to the end that Lessor shall receive the entire amount, and only the entire amount, of Lessee’s annual Proportionate Share for said year. However, Lessor’s failure to provide such statement of Building Common Area Charges by the date provided herein shall in no way excuse Lessee from its obligation to pay its Proportionate Share of Building Common Area Charges, or constitute a waiver of Lessor’s right to bill and collect such Proportionate Share of Building Common Area Charges from Lessee in accordance with this Section 4.5(a). Any repayment that may be due by Lessor to Lessee may, at Xxxxxx’s option, take the form of a credit on Xxxxxx’s next succeeding quarterly installment(s) or Basic Rent and Additional Rent, or may be reimbursed separately by Xxxxxx. If Xxxxxx’s Proportionate Share is greater than the amount paid by Xxxxxx during said prior year, Lessee shall pay Lessor the difference between the amount paid by Xxxxxx and the amount actually due within thirty (30) days after Lessor billing Lessee for same. Xxxxxx agrees to keep, at its principal office, records relating to said Building Common Area Charges. Lessee shall have the right to audit said records for the sole purpose of ascertaining the correctness of said Building Common Area Charges. Such audit shall be made during normal business hours; shall not unreasonably interfere with Xxxxxx’s office operations; shall be performed only by a qualified financial officer of Lessee or Lessee’s managemen...
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Related to Building Common Area Charges

  • Building Maintenance The host facility provider shall maintain (in a state of good repair) all buildings used for the educational program. All damages made by the AGENCY’s program will be the responsibility of the AGENCY to repair.

  • Common Area (Check one)

  • Operating Expenses Unless modified in accordance with Exhibit D, Landlord maintenance addendum, attached hereto, it is the intention of the parties and they hereby agree that this shall be a triple net Lease, and the Landlord shall have no obligation to provide any services, perform any acts or pay any expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises, and Tenant hereby agrees to pay one hundred percent (100%) of any and all Operating Expenses as hereafter defined for the entire term of the Lease and any extensions thereof in accordance with specific provisions hereinafter set forth. The term Operating expenses shall include all costs to Landlord of operating and maintaining the Building and related parking areas, and shall include, without limitation, real estate and personal property taxes and assessments, management fee, heating, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Building and related parking areas, unless expressly excluded from operating expenses. Notwithstanding the foregoing, operating costs (and Tenant's obligations in relation thereto) shall not include (i) any expense chargeable to a capital account or capital improvement, ground leases; principal or interest payments on any mortgage or deed of trust on the premises; (ii) any amount for which Landlord is reimbursed through insurance, by third persons, or directly by other tenants of the premises, (iii) repair costs occasioned by fire, windstorm or other casualty, (iv) any construction, repair or maintenance expenses or obligations that are the sole responsibility of Landlord (not to be reimbursed by Tenant), (v) leasing commissions and other expenses incurred in connection with leasing any other area located on the premises to any other party, (vi) any expense representing an amount paid to an affiliate or subsidiary of Landlord which is in excess of the amount which would be paid in the absence of such relationship, and (vii) costs of items and services for which Tenant reimburses Landlord or pays third persons directly.

  • Building With respect to each parcel of Real Estate, all of the buildings, structures and improvements now or hereafter located thereon. Business Day. Any day on which banking institutions located in the same city and State as the Agent’s Head Office are located are open for the transaction of banking business and, in the case of LIBOR Rate Loans, which also is a LIBOR Business Day.

  • Utility Charges Tenant shall pay or cause to be paid all charges for electricity, power, gas, oil, water and other utilities used in connection with the Leased Property.

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • Common Areas Tenant shall have the non-exclusive right to use in common with other tenants in the Project, and subject to the Rules and Regulations referred to in Article 5 of this Lease, those portions of the Project which are provided, from time to time, for use in common by Landlord, Tenant and any other tenants of the Project (such areas, together with such other portions of the Project designated by Landlord, in its discretion, including certain areas designated for the exclusive use of certain tenants, or to be shared by Landlord and certain tenants, are collectively referred to herein as the “Common Areas”). The Common Areas shall consist of the “Project Common Areas” and the “Building Common Areas.” The term “Project Common Areas,” as used in this Lease, shall mean the portion of the Project designated as such by Landlord or areas within the Project that the occupants of the Building are permitted to utilize pursuant to a recorded declaration and which areas shall be maintained in accordance with the declaration. The term “Building Common Areas,” as used in this Lease, shall mean the portions of the Common Areas located within the Building reasonably designated as such by Landlord. The manner in which the Common Areas are maintained and operated shall be at the reasonable discretion of Landlord and the use thereof shall be subject to the Rules and Regulations as Landlord may make from time to time. Landlord reserves the right to close temporarily, make alterations or additions to, or change the location of elements of the Project and the Common Areas, provided that, in connection therewith, Landlord shall perform such closures, alterations, additions or changes in a commercially reasonable manner and, in connection therewith, shall use commercially reasonable efforts to minimize any material interference with Tenant’s use of and access to the Premises.

  • Real Estate Taxes and Special Assessments The 2022 calendar year real estate taxes due and payable in 2023 shall be paid by Seller. Seller shall credit Buyer(s) at closing for said 2022 real estate taxes payable in 2023 based on the most recent ascertainable tax figures. Xxxxx is responsible for all subsequent real estate taxes.

  • Building Codes The following Building Codes, in the latest editions approved by the Georgia Department of Community Affairs, shall be used. (See O.C.G.A. §8-2-20.) The Design Professional will designate any additional codes or special modifications in the Supplementary General Conditions. As of the year 2000, these codes are published jointly by the Southern Building Code Congress International, the International Code Council, the Building Officials and Code Administrators, International, and the International Conference of Building Officials, and are commonly referred to as the International Building Codes.

  • Installation Charges (a) We will charge you installation Charges as stated (or indicated by) in your Contract.

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