Common Area Maintenance Costs Sample Clauses
Common Area Maintenance Costs. Tenant shall pay all “Common Area Maintenance Costs”, which shall consist of all expenses and disbursements (subject to the limitations set forth below) that Landlord incurs in connection with the ownership, operation, and maintenance of the Project, the Building, and the Building’s Systems, as applicable, determined in accordance with sound accounting principles consistently applied, including the following costs: (a) wages and salaries of all on-site employees at or below the grade of senior building manager engaged in the operation, maintenance, repair or security of the Project, the Building, and the Building’s Systems, including taxes, insurance and benefits relating thereto (together with Landlord’s reasonable allocation of expenses of off-site employees at or below the grade of senior building manager who perform a portion of their services in connection with the operation, maintenance or security of the Project, the Building, and the Building’s Systems; provided, that if any such employees of Landlord provide services for more than one building of Landlord, then a prorated portion of such employees’ wages, benefits and taxes shall be included in Common Area Maintenance Costs based on the portion of their working time devoted to the Project); (b) all supplies, and materials used in the operation, maintenance, repair, replacement, and security of the Project, the Building, and the Building’s Systems; (c) service, maintenance and management contracts with independent contractors for the operation, maintenance, management, repair, replacement, or security of the Project, the Building, and the Building’s Systems; (d) repair, maintenance, replacement and supply of the Building Systems; (e) landscaping and gardening of the Common Area; (f) lighting, repaving, restriping, repairing, and maintaining the Common Areas, including the parking areas and sidewalks; (g) janitorial services, exterior building cleaning and window washing, trash removal, and any other similar work performed on the Project, and all supplies, tools and equipment required in connection therewith; (h) dedicated employee shuttle services or other services that Tenant requests the Landlord to provide for the Project and Landlord agrees to provide in its sole discretion; (i) costs for improvements made following the Commencement Date to the Project, the Building, and the Building’s Systems which, although capital in nature, are (i) expected to result in a net reduction of the normal Common ...
Common Area Maintenance Costs. (a) Commencing on the Commencement Date and continuing throughout the Term,Tenant shall pay to Landlord,as Additional Rent hereunder,6.99%percent(the"CAM Share")of all Common Area Maintenance Costs (hereinafter defined)of the Buildings incurred during each calendar year. Tenant shall make monthly payments of Tenant's CAM Share of Common Area Maintenance Costs on an estimated basis, based on Landlord's reasonable estimate of Common Area Maintenance Costs for such calendar year. Prior to the commencement of each calendar year,Landlord shall use reasonable efforts to furnish Tenant a statement showing Landlord's reasonable estimate of Tenant's CAM Share of Common Area Maintenance Costs for the upcoming calendar year. Commencing on the Commencement Date,and continuing on the first day of each calendar month thereafter during the Term,Tenant shall pay to Landlord one-twelfth(1/12th)of Landlord's estimate of Tenant's CAM Share of Common Area Maintenance Costs for the then-current calendar year. Within one hundred twenty(120)days after the end of each calendar year, Landlord shall provide to Tenant a statement(the"CAM Statement")setting forth the total Common Area Maintenance Costs for such calendar year and Tenant's CAM Share thereof,calculated according to the formula set forth above. Within thirty(30)days after the delivery of such CAM Statement,Tenant shall pay to Landlord any deficiency between the amount shown as on Tenant's CAM Statement as the CAM Share of Common Area Maintenance Costs for such year and the estimated payments made by Tenant toward such amount in accordance herewith. In the event Tenant shall have made excess estimated payments,the excess shall be applied against estimated payments of Common Area Maintenance Costs for the then-current calendar year,unless the Term shall have expired,in which event Landlord shall refund such excess to Tenant with the delivery of the CAM Statement. Tenant's CAM Share of Common Area Maintenance Costs for any partial calendar year during the Term shall be determined by multiplying Tenant's CAM Share with respect to the entire calendar year by a fraction,the numerator of which is the number of days during such calendar year fulling within the Term and the denominator of which is three hundred sixty-five(365). (b) For purposes of this Section 6,the term"Common Area Maintenance Costs"shall mean any and all expenses incurred by Landlord in connection with the operation,management,maintenance and repair of the Buil...
Common Area Maintenance Costs. The term “Common Area Maintenance Costs” shall mean all costs and disbursements (subject to the limitations set forth below) that Landlord incurs in connection with the ownership, operation, maintenance, repair and replacement of the Complex determined in accordance with sound accounting principles consistently applied, including the following costs: (a) wages and salaries of all on-site employees at or below the grade of senior building manager engaged in the management, operation, maintenance or repair of the Complex or the control of access thereto (in each case together with Landlord’s reasonable allocation of expenses of off-site employees at or below the grade of senior building manager who perform a portion of their services in connection with the operation, maintenance or repair of the Complex or the control of access thereto), including taxes, insurance and benefits relating thereto; (b) all supplies and materials used in the operation, maintenance, repair or replacement of the Complex or the control of access thereto (including the Loading Dock, if used in common by tenants of the Building, and the Common Areas); (c) costs for improvements made to the Complex, whether prior to or during Tenant’s tenancy in the Premises, which, although capital in nature, are (i) expected to reduce the normal Common Area Maintenance Costs (including all utility costs) of the Complex as amortized using a commercially reasonable interest rate over the time period reasonably estimated by Landlord to recover the costs thereof taking into consideration the anticipated cost savings, as determined by Landlord using its good faith, commercially reasonable judgment, as well as (ii) improvements made in order to comply with any Law hereafter promulgated by any governmental authority or any interpretation hereafter rendered with respect to any existing Law, as amortized using a commercially reasonable interest rate over the useful economic life of such improvements as determined by Landlord in its reasonable discretion, as well as (iii) improvements made to improve the health, safety and welfare of the Building and its occupants, as amortized using a commercially reasonable interest rate over the useful economic life of such improvements as determined by Landlord in its reasonable discretion, as well as (iv) property repairs or replacements which provide a functional benefit for Tenant and the other tenants of the Complex for the duration of their respective lease terms, as ...
Common Area Maintenance Costs. Tenant shall pay, as Rent, Common Area Maintenance charges as specified in the REA or any lesser amount specified in a separate agreement thereunder. Tenant shall pay Common Area Maintenance charges as referenced herein within thirty (30) days after Tenant has received a xxxx therefor.
Common Area Maintenance Costs. The total of all costs and expenses paid or incurred by Landlord in connection with the operation, maintenance, ownership, repair, and replacement of the Common Area and Useable Open Space. Without limiting the generality of the foregoing, Common Area Maintenance Costs include the Management Fee and all costs of and expenses for:
(i) The maintenance of all paved surfaces and curbs in a smooth and evenly covered condition which maintenance shall include, without limitation, cleaning, sweeping, restriping, repairing, resealing and resurfacing. For the purposes of this Section, any overlay of the drive and parking area shall be considered a repair or maintenance item.
(ii) The periodic removal of all papers, debris, filth, refuse, ice and snow, including sweeping as necessary to keep the Common Area and Useable Open Space in a first-class, clean and orderly condition. All sweeping shall be conducted at appropriate intervals and during such times so as to minimize
(iii) The placing, cleaning, keeping in repair, replacing and repainting any and all appropriate directional signs or markers, including any handicapped parking signs.
(iv) The operation, repair, cleaning and replacing when necessary of Common Area lighting facilities as may be reasonably required.
(v) The cleaning and maintaining of all landscaped areas, including landscaping and planters adjacent to exterior walls of buildings; repairing automatic sprinkler systems or water lines in the Common Area and Useable Open Space; irrigating, weeding, pruning, fertilizing and replacing shrubs, planting outside flowers and other landscaping as necessary.
(vi) The maintaining, cleaning, and repairing of any and all common storm drains, utility lines, sewers and other utility systems and services located in the Common Area and Useable Open Space which are necessary for the operation of the Common Area and Useable Open Space, and the maintenance and replacement of the trunk line portion of utility lines serving the Building Areas in the Shopping Center.
(vii) The cleaning (including washing and/or steam cleaning), maintenance and repair of all sidewalks, including those adjacent and contiguous to buildings located within the Shopping Center and Useable Open Space. Sidewalks shall be cleaned at appropriate intervals during such times so to minimize interference with the conduct of business or use of the Common Area and Useable Open Space by Tenant and other occupants of the Shopping Center.
(viii) The obtaining ...
Common Area Maintenance Costs. The total of all costs and expenses paid or incurred by Landlord in connection with the operation, maintenance, ownership and repair of the Common Area, and the performance of Landlord's obligations under Paragraphs 17.A and 17.E. Without limiting the generality of the foregoing, Common Area Maintenance
Common Area Maintenance Costs. In addition to Annual Base Rent, Tenant shall pay to Landlord in each year, as additional rent, an amount equal to Tenant's Proportionate Share multiplied by the annual total cost incurred by Landlord in operating, maintaining, repairing and replacing the Common Areas, as defined below, (the "CAM Costs") to the extent the Tenant's proportionate allocation of CAM Costs exceed the Base Year costs (such annual amount is hereinafter referred to as the "CAM Payment"). The CAM Costs are estimated at $2.50 sq. ft. annually or $10,280 total, and shall not exceed $3.50 sq. ft. annually during the term of this agreement without written justification to and acceptance by PGW. The CAM Costs shall include, without limitation: all costs and expenses of every kind and nature paid or incurred by Landlord during the Term in operating, equipping, policing (if and to the extent provided by Landlord) protecting, repairing, replacing, maintaining, and insuring the Shopping Center and the Common Areas; the cost of premiums for bodily injury, public liability and property damage insurance; water supply charges; repairs, restriping, patching, paving and repaving the parking area, service area, planted areas and other Common Areas, parking lot lights and signs, and appurtenant structures, supply pipes for utilities, drainage pipes, and access roads in good working order, repair and condition; the costs of keeping the parking area, service area and access roads clean and free and clear of snow, ice and debris, clearly striped and properly lighted; capital expenditures and equipment rentals relating to the Common Areas; utility services for the Common Areas; and an amount equal to fifteen percent (15%) of all of the foregoing costs to cover Landlord's administrative and overhead costs. Tenant shall pay the CAM Payment in equal monthly installments with each installment of Annual Base Rent in an amount equal to 1/12th of Landlord's estimate of the CAM Payment for the current year. Within a reasonable time after the end of each year, Landlord shall deliver a statement to Tenant setting forth the actual CAM Costs for the previous year and the actual CAM Payment due from Tenant. If Tenant has overpaid the CAM Payment for such year, Tenant shall receive a credit against the next CAM Payments falling due, and if Tenant has underpaid the CAM Payment, Tenant shall pay any amounts due within ten (10) days after receipt of Landlord's statement. If any tenant of any part of the Shopping Center...
Common Area Maintenance Costs. The total of all costs and ----------------------------- expenses paid or incurred by Landlord in connection with the operation, maintenance, ownership and repair of the Common Area, and the performance of Landlord's obligations under Paragraphs 17.A and 17.E. Without limiting the --------------- ---- generality of the foregoing, Common Area Maintenance Costs include all costs of and expense for: (i) maintenance and repairs of the Common Area; (ii) resurfacing, resealing, remarking, painting, repainting, striping or restriping the Parking Area; (iii) maintenance and repair of all public or common facilities; (iv) maintenance, repair and replacement of sidewalks, curbs, paving, walkways, Parking Area, Project signs, landscaping, planting and irrigation systems, trash facilities, loading and delivery areas, lighting, drainage and common utility facilities, directional or other signs, markers and bumpers, and any fixtures, equipment and personal property located on the Common Area; (v) wages, salaries, benefits, payroll burden fees and charges of personnel employed by Landlord and the charges of all independent contractors retained by Landlord (to the extent that such personnel and contractors are utilized by Landlord) for the maintenance, repair, management and/or supervision of the Project, and of any security personnel retained by Landlord in connection with the operation and maintenance of the Common Area (although Landlord shall not be required to obtain security services); (vi) maintenance, repair and replacement of security systems and alarms installed by Landlord (if any); (vii) depreciation or amortization (or in lieu thereof, rental payments) on all tools, equipment and machinery used in the operation and maintenance of the Common Area; (viii) premiums for Comprehensive General Liability Insurance or Commercial General Liability Insurance, casualty insurance, workers compensation insurance or other insurance on the Common Area, or any portion thereof or interest therein, and any deductibles payable with respect to such insurance policies; (ix) all personal property or real property taxes and assessments levied or assessed on the Project, or any portion thereof or interest therein, including without limitation the Real Property Taxes for the Project, if applicable under Paragraph 15.A; (x) cleaning, collection, -------------- storage and removal of trash, rubbish, dirt and debris, and sweeping and cleaning the Common Area; (xi) legal, accounting and ...
Common Area Maintenance Costs. Subtenant will also pay to Sublandlord, as additional rent, in payment for the cost of providing snow removal and landscaping services the sum of $910.21 per month, with such amount being increased on January 1, 2000 and on January 1 of each subsequent year by an amount equal to 3% of the monthly amount to be paid in the previous calendar year.
Common Area Maintenance Costs. 2 F. HVAC .............................................................................................. 4 G. Impositions........................................................................................ 4 H. Improvements....................................................................................... 5 I. Index.............................................................................................. 5 J.