We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Common Area Charge Clause in Contracts

Common Area Charge. All Taxes which are levied or assessed or which become a lien upon any portion of the Project or which become due or accrue during the Lease Term shall be a Common Area Charge, and Tenant shall pay as Additional Rent each month during the Lease Term 1/12th of its annual share of such Taxes, based on Landlord’s estimate thereof, pursuant to Paragraph 12 below. Tenant’s share of Taxes during any partial tax fiscal year(s) within the Lease Term shall be prorated according to the ratio which the number of days during the Lease Term or of actual occupancy of the Premises by Tenant, whichever is greater, during such year bears to 365.

Appears in 1 contract

Samples: Net Lease Agreement (Trident Microsystems Inc)

AutoNDA by SimpleDocs

Common Area Charge. All Taxes which are levied or assessed ------------------ or which become a lien upon any portion of the Project or which become due or accrue during the Lease Term shall be a Common Area Charge, and Tenant shall pay as Additional Rent each month during the Lease Term 1/12th of its annual share of such Taxes, based on Landlord’s 's estimate thereof, pursuant to Paragraph 12 below. Tenant’s 's share of Taxes during any partial tax fiscal year(s) within the Lease Term shall be prorated according to the ratio which the number of days during the Lease Term or of actual occupancy of the Premises premises by Tenant, whichever is greater, during such year bears to 365.

Appears in 1 contract

Samples: Net Lease Agreement (Navisite Inc)

Common Area Charge. All Taxes which are levied or assessed or which become a lien upon any portion of the Project or which become due or accrue during the Lease Term shall be a Common Area Charge, and Tenant shall pay (or reimburse Landlord if Landlord is assessed), as Additional Rent each month during the Lease Term 1/12th Rent, prior to delinquency or within fifteen (15) days after receipt of its annual Landlord’s statement thereof, Tenant’s percentage share of such Taxes, based on Landlord’s estimate thereof, pursuant to Paragraph 12 below. Tenant’s share of Taxes during any partial tax fiscal year(s) within the Lease Term shall be prorated according to the ratio which the number of days during the Lease Term or of actual occupancy of the Premises by Tenant, whichever is greater, during such year bears to 365.

Appears in 1 contract

Samples: Net Lease Agreement (Rackable Systems, Inc.)

Common Area Charge. All Taxes which are levied or assessed ------------------ or which become a lien upon any portion of the Project or which become due or accrue during the Lease Term shall be a Common Area Charge, and Tenant shall pay as Additional Rent each month during the Lease Lease, Term 1/12th of its annual Tenant's percentage share of such Taxes, based on Landlord’s 's estimate thereof, pursuant to Paragraph 12 below. Tenant’s 's share of Taxes during any partial tax fiscal year(s) within the Lease Term shall be prorated according to the ratio which the number of days during the Lease Term or of actual occupancy of the Premises by Tenant, whichever is greater, during such year bears to 365.

Appears in 1 contract

Samples: Net Lease Agreement (Symphonix Devices Inc)

AutoNDA by SimpleDocs

Common Area Charge. All Taxes which are levied or assessed or which become a lien upon any portion of the Project or which become due or accrue during the Lease Term shall be a Common Area Charge, and Tenant shall pay as Additional Rent each month during the Lease Term 1/12th of its annual share of such Taxes, based on Landlord’s 's estimate thereof, pursuant to Paragraph 12 below. Tenant’s 's share of Taxes during any partial tax fiscal year(s) within the Lease Term shall be prorated according to the ratio which the number of days during the Lease Term or of actual occupancy of the Premises by Tenant, whichever is greater, during such year bears to 365.

Appears in 1 contract

Samples: Net Lease Agreement (Laserscope)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!