Common Operating Expenses. The term “Common Operating Expenses” is defined in Section 8.2.
Common Operating Expenses. 8 -------------------------------------
8.1 Tenant's Obligation to Reimburse 8 8.2 Common Operating Expenses Defined 8 8.3 Real Property Taxes Defined 9 ARTICLE 9 - INSURANCE 9 ---------------------
9.1 Tenant's Insurance 9 9.2 Landlord's Insurance 10 9.3 Tenant's Obligation to Reimburse 10 9.4 Release and Waiver of Subrogation 10
Common Operating Expenses. As Additional Rent (defined in Section 3.4, below), Tenant shall pay Tenant’s Share (specified in Item 17 of the Basic Lease Information) of all Common Operating Expenses (defined in Schedule “1”); provided, however, Tenant shall pay Tenant’s Building Share (specified in Item 17 of the Basic Lease Information) of all Common Operating Expenses fairly allocable to the Tenant Space and paid with respect to the maintenance, repair and replacement of the Tenant Space. Tenant shall pay such share of the actual Common Operating Expenses incurred or paid by Landlord but not theretofore billed to Tenant within forty-five (45) days after receipt of a detailed, itemized written statement therefor from Landlord, on such periodic basis as Landlord shall designate, but in no event more frequently than once a month. Alternatively, Landlord may from time to time require that Tenant pay Tenant’s Share of Common Operating Expenses in advance in estimated monthly installments, in accordance with the following: (i) Landlord shall deliver to Tenant, Landlord’s reasonable estimate of the Common Operating Expenses it anticipates will be paid or incurred for the Landlord’s fiscal year in question (Landlord may adjust such estimate periodically if necessary but not more frequently than twice per calendar year); (ii) during such Landlord’s fiscal year Tenant shall pay such share of the estimated Common Operating Expenses in advance in monthly installments as required by Landlord due with the installments of monthly Base Rent; and (iii) within 90 days after the end of each Landlord’s fiscal year, Landlord shall furnish to Tenant a statement in reasonable detail of the actual Common Operating Expenses paid or incurred by Landlord during the just ended Landlord’s fiscal year and thereupon there shall be an adjustment between Landlord and Tenant, with payment to Landlord or Tenant as the case may require, within forty-five (45) days after delivery by Landlord to Tenant of said statement, so that Landlord shall receive the entire amount of Tenant’s Share of all Common Operating Expenses for such Landlord’s fiscal year and no more. Tenant shall have the right at its expense, exercisable upon reasonable prior written notice to Landlord, to inspect and audit Landlord’s books and records as they relate to Common Operating Expenses. Such inspection must be within one (1) year after Tenant’s receipt of Landlord’s annual statement for the same, and shall be limited to verification of the charg...
Common Operating Expenses. 12 ARTICLE 9 INSURANCE.......................................................................14 ARTICLE 10 LIMITATION ON LANDLORD'S LIABILITY AND INDEMNITY ...............................16
Common Operating Expenses. The term "Common Operating Expenses" is defined in §8.2. 1.11 Consumer Price Index: The term "Consumer Price Index" shall refer to the Consumer Price Index, All Urban Consumers, subgroup "All Items", for the San Francisco-Oakland-San Jxxx metropolitan area (base year 1982-84 equals 100), which is presently being published monthly by the United States Department of Labor, Bureau of Labor Statistics. However, if this Consumer Price Index is changed so that the base year is altered from that used as of the commencement of the initial term of this Lease, the Consumer Price Index shall be converted in accordance with the conversion factor published by the United States Department of Labor, Bureau of Labor Statistics to obtain the same results that would have been obtained had the base year not been changed. If no conversion factor is available, or if the Consumer Price Index is otherwise changed, revised or discontinued for any reason, there shall be substituted in lieu thereof and the term "Consumer Price Index" shall thereafter refer to the most nearly comparable official price index of the United States government in order to obtain substantially the same result as would have been obtained had the original Consumer Price Index not been discontinued, revised or changed, which alternative index shall be selected by Landlord and shall be subject to Tenant's written approval.
Common Operating Expenses. For purposes of this Lease, the term “
Common Operating Expenses. The term "Common Operating Expenses" is defined in PARA 8.2.
Common Operating Expenses. 14 8.1 Tenant's Obligations to Reimburse........................14 8.2 Common Operating Expenses Defined........................16 8.3
Common Operating Expenses. Tenant's Obligation to Reimburse 12 8.2 Common Operating Expenses Defined 12 8.3 Real Property Taxes Defined 13
Common Operating Expenses. In addition to monthly base rent, Lessee shall pay Lessor a proportionate share of the cost of operating and maintaining the building, (including, but not by way of limitation, the amounts expended for property taxes, insurance, electricity, water, sewage, trash removal, cleaning, security and repairs excluding depreciation). Lessee's proportionate share of these common operating expenses shall be the percentage determined by dividing the sq ft of Lessee's office indicated above by 32,000, the approximate sq ft of leasable space in Renar Centre. These common operating expenses shall be billed and paid monthly along with monthly base rent. For mutual convenience, Lessor may bill xx an estimated average monthly basis so as to minimize fluctuations in these charges.
