Common use of Calculation and Payment of Direct Expenses Clause in Contracts

Calculation and Payment of Direct Expenses. If for any Expense Year ending or commencing within the Lease Term, Tenant’s Share of Building Direct Expenses for such Expense Year exceeds Tenant’s Share of Building Direct Expenses applicable to the Base Year, then Tenant shall pay to Landlord, in the manner set forth in Section 4.4.1, below, and as Additional Rent, an amount equal to the excess (the “Excess”).

Appears in 1 contract

Samples: Office Lease (Akero Therapeutics, Inc.)

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Calculation and Payment of Direct Expenses. If Subject to the last sentence of Section 4.1 of the Lease, if for any Expense Year ending or commencing within the Lease Term, Tenant’s Share of Building Direct Expenses for such Expense Year exceeds Tenant’s Share of Building Direct Expenses applicable to the Base Year, then Tenant shall pay to Landlord, in the manner set forth in Section 4.4.11.3.1, below, and as Additional Rent, an amount equal to the excess (the “Excess”).

Appears in 1 contract

Samples: Office Lease (ServiceTitan, Inc.)

Calculation and Payment of Direct Expenses. If for any Expense Year ending or commencing within the Lease Term, Tenant’s 's Share of Building Direct Expenses for such Expense Year exceeds Tenant’s 's Share of Building Direct Expenses applicable to the Base Year, then Tenant shall pay to Landlord, in the manner set forth in Section 4.4.1, below, and as Additional Rent, an amount equal to the excess (the "Excess").

Appears in 1 contract

Samples: Office Lease (Atara Biotherapeutics, Inc.)

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Calculation and Payment of Direct Expenses. If for any Expense Year ending or commencing within the Lease Term, Tenant’s 's Share of Building Direct Expenses for such Expense Year exceeds Tenant’s 's Share of Building Direct Expenses applicable to the Base Year, then Tenant shall pay to Landlord, in the manner set forth in Section 4.4.11.3.1, below, and as Additional Rent, an amount equal to the excess (the "Excess").

Appears in 1 contract

Samples: Office Lease (Kite Pharma, Inc.)

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