Common Area Rent Sample Clauses

Common Area Rent. TENANT shall pay to County on the first of each month forty-eight cents ($0.48) per month per square foot for its use of the portion of Common Area assigned to tenant in accordance of the provisions of Section 1.10 (LEASED PREMISES).
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Common Area Rent. In the manner hereinafter described, Tenant shall pay its share of "Yearly Common Area Costs" (hereinafter defined). On the first day of each month in advance, Tenant shall pay to Landlord, as additional Rent (herein called "Common Area Rent") one-twelfth (1/12th) of Tenant's annual share of Landlord's estimated Yearly Common Area Costs, based on Landlord's estimates. Tenant's annual share shall be determined by multiplying the Yearly Common Area Costs by Tenant's Fraction (defined in Article 5(B)). For a portion of a calendar month at the beginning of the Lease Term, Tenant's Common Area Rent shall be prorated for that month.
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Common Area Rent. (a) Landlord agrees to keep and maintain the Common Areas in a manner consistent with “Class A” medical office properties in a comparable metropolitan area (“Class A Medical Office Properties”), provided, however, if Tenant fails to participate in any Proposed CA Project, then such Proposed CA Project shall not be necessary to maintain the Common Areas in a manner consistent with a Class A Medical Office Property. In addition to the Net Rent, Capital Costs and Additional Rent, Tenant shall pay the Tenant’s Share (as defined herein)
Sample 1
Common Area Rent. (a) Landlord agrees to keep and maintain the Common Areas in a manner consistent with “Class A” medical office properties in a comparable metropolitan area (“Class A Medical Office Properties”), provided, however, if Tenant fails to participate in any Proposed CA Project, then such Proposed CA Project shall not be necessary to maintain the Common Areas in a manner consistent with a Class A Medical Office Property. In addition to the Net Rent, Capital Costs and Additional Rent, Tenant shall pay the Tenant’s Share (as defined herein) of the Operating Costs (as defined herein) of the Common Areas (to the extent such Common Areas are utilized or available to be utilized by Tenant or Tenant’s Occupants in connection with the use or operations of the Property, and/or to the extent such Common Areas provide benefit to the Property, as the same may be determined from time to time by the Landlord, in its commercially reasonable discretion to be exercised in a commercially reasonable manner as applicable to similar properties in a comparable metropolitan market) computed as set forth in this Section 3.3(a) (the “Common Area Rent”). Landlord and Tenant acknowledge, in addition to other Common Areas that benefit the Property as described above, the Required Common Areas are always deemed to benefit the Property. The term “
Sample 1
Common Area Rent. A. Tenant shall pay to Landlord as Additional Rent, an amount equal to the product obtained by multiplying Common Area Operating Costs for each fiscal year adopted by Landlord by a fraction, the numerator of which shall be the Floor Space of the Premises excluding basement space, if any, not used as retail sales area, and the denominator of which shall be the aggregate of all leased and occupied Floor Space in the Shopping Center, excluding the Floor Space of stores whose public entrances do not front on the enclosed mall, basement space, if any, and any buildings or areas occupied by Department Stores; provided, however, that the denominator of said fraction shall never be less than seventy (70%) percent of the Gross Leaseable Area of the Shopping Center, exclusive of Department Stores. Tenant shall pay, with each monthly installment of Fixed Rent, one twelfth (1/12) of the annual amount estimated by Landlord to be due hereunder, subject to adjustment.
Sample 1
Common Area Rent. A. Tenant shall pay to Landlord as Additional Rent, an amount equal to the product obtained by multiplying Common Area Operating Costs for each fiscal year adopted by Landlord by a fraction, the numerator of which shall be the Floor Space of the Premises excluding basement space, if any, not used as retail sales area, and the denominator of which shall be the aggregate of all leased and occupied Floor Space in the Shopping Center, excluding the Floor Space of stores whose public entrances do not front on the enclosed mall, basement space, if any, not used as retail sales area and any buildings or areas occupied by Department Stores; provided, however, that the denominator of said fraction shall never be less than seventy (70%) percent of the Gross Leaseable Area of the Shopping Center, exclusive of Department Stores and stores whose public entrances do not front on the enclosed mall. Tenant shall pay, with each monthly installment of Fixed Rent, one-twelfth (1/12) of the annual amount estimated by Landlord to be due hereunder, subject to adjustment.
Sample 1
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Common Area Rent 
Sample 1

Related to Common Area Rent

  • Additional Rent Landlord shall, within one hundred twenty (120) days after the end of each Operating Period (or as soon thereafter as it is reasonably able to do so), furnish Tenant with a statement of the Operating Expenses and Taxes during such year and a computation of the Additional Rent owed by Tenant for such Operating Period (“Expense Statement”). Failure of Landlord to provide an Expense Statement within such time period shall not be a waiver of Landlord’s right to collect any Additional Rent. If the Expense Statement shows that the actual amount Tenant owes for such Operating Period is more than the estimated Additional Rent paid by Tenant for such Operating Period, Tenant shall pay the difference within thirty (30) days after Tenant’s receipt of the Expense Statement. If the Expense Statement shows that Tenant paid more in estimated Additional Rent than the actual amount of Additional Rent owed by Tenant for such Operating Period, Tenant shall receive a credit therefor. The credit shall be applied to future monthly payments attributable to the Additional Rent, or if this Lease has expired, such amount shall be refunded to Tenant. Unless adjusted as a result of an audit by Tenant conducted pursuant to the express terms of Section 7(c) of this Lease, the Operating Expenses, Taxes and Additional Rent set forth in the Expense Statement shall be binding upon Tenant. Provided, however, that in the event that the Term of this Lease expires, or is terminated pursuant to the terms of this Lease, on a date other than December 31, then, at the option of Landlord, Landlord may, either prior to the date on which the Term expires, or within thirty (30) days thereafter, elect to provide Tenant with a revised estimate of the Operating Expenses and Taxes for the Operating Period in which such expiration or termination date occurs and the Additional Rent that will be due from Tenant for such Operating Period, which estimated Additional Rent shall be prorated to reflect the portion of such Operating Period that is contained within the Term (the “Final Expense Estimate”). In the event that Landlord elects to deliver a Final Expense Estimate to Tenant, then (i) Tenant shall pay the prorated Additional Rent reflected in the Final Expense Estimate within thirty (30) days after Tenant’s receipt of such Final Expense Estimate; (ii) the estimated amount of the Additional Rent for the final Operating Period shall be binding upon Landlord and Tenant; and (iii) Landlord shall not thereafter seek from Tenant any additional payment of Additional Rent if the actual Operating Expenses and Taxes for such Operating Period are greater than those reflected in the Final Expense Estimate, nor shall Landlord have any obligation to refund to Tenant any excess funds paid by Tenant to Landlord should the actual Operating Expenses and Taxes for such Operating Period be less than those reflected in the Final Expense Statement. In the event that Landlord elects not to provide Tenant with a Final Expense Estimate, then it shall be presumed that Landlord will provide Tenant with an Expense Statement within one hundred twenty (120) days after the end of the final Operating Period contained in the Term, as provided above, and the Additional Rent shown in such Expense Statement shall be due from Tenant to Landlord within thirty (30) days after Tenant’s receipt of such statement.

  • Basic Rent The periodic rent payable for the Aircraft throughout the Basic Term pursuant to Section 3.02 of the Lease, adjusted pursuant to Article 3 of the Lease. Basic Term. The period commencing at the beginning of the day on the Delivery Date and ending at the end of the day on July 15, 2023, or such earlier date on which the Lease shall be terminated as provided therein.

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