CONTRIBUTION TO OPERATING COSTS Sample Clauses

CONTRIBUTION TO OPERATING COSTS. 5.1. Tenant shall, for the entire Term of this Lease, and, except as provided otherwise herein, without any abatement, set-off or deduction therefrom, pay to Landlord as additional rent its Pro Rata Share, as hereinafter defined, of all costs which Landlord may incur in maintaining and operating the entire Property. Said costs shall be referred to herein as “Operating Costs” and are hereby defined with respect to any calendar year to include but not be limited to the following costs incurred by Landlord in such calendar year with respect to the Property: all real estate taxes and installments of special assessments which shall accrue or become a lien against, or are payable in respect of, any part of the Property during the Term of this Lease; all other governmental impositions, including but not limited to amounts payable under assessment agreements, gross receipts taxes and taxes on rentals (other than income taxes) relating to the Property; the costs of heat, cooling, utilities, insurance (including but not limited to liability insurance and fire and casualty insurance with rental abatement endorsement, boiler and pressure vessel insurance, builders risk insurance, and owners protective liability insurance), security, landscaping, janitorial and cleaning services; all employment costs including salaries, wages and fringe benefits; all management fees, including expenses reimbursable to any manager and rental of property management office; fees for professional services; charges under maintenance and service contracts; all supplies purchased for use in the Property; all maintenance and repair costs; any equipment rental; depreciation of the cost of capital improvements made to (i) reduce Operating Costs or limit increases therein, or (ii) required by Landlord’s insurance carrier or (iii) required by any law, rule, regulation or order of any governmental or quasi-governmental authority having jurisdiction; all costs, charges, and expenses incurred by Landlord in connection with any change of any company providing electricity service, including, without limitation, maintenance, repair, installation, and service costs associated therewith; and any and all other costs of operation, whether ordinary or extraordinary. Operating Costs shall not include direct out-of-pocket costs of the following: leasing commissions and costs of marketing; the cost of constructing leasehold improvements; payments of principal and interest on any mortgages, deeds of trust or oth...
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CONTRIBUTION TO OPERATING COSTS. The Base Rent is predicated in part upon Base Operating Costs on a per square foot basis of Eight and 55/100 Dollars ($8.55) (hereinafter “Base Operating Cost”) consisting of two components $3.07 for real estate taxes and $5.48 for other operating expenses. Prior to March 1, 2005, and prior to the first day of each calendar year thereafter, Lessor shall furnish Tenant with an Estimate ofthe Operating Costs for the ensuing calendar year. The monthly installments of the Base Rent shall be increased or decreased by one-twelfth of the product of the number of square feet of net rentable area in the Leased Premises multiplied by the excess, if any, of such Estimate over the Base Operating Costs. After the expiration of each calendar year, Lessor shall furnish Tenant with a statement of the actual per square foot Operating Costs for the preceding calendar year, and if the actual per square foot Operating Costs for such preceding calendar year are more or less than the Estimate, a proper adjustment shall be made; however, neither component of Operating Costs shall be less than the respective figures stated above. Provisions to the contrary hereinabove contained notwithstanding, the Base Rent shall in no event be less than the amount statedin Paragraph 4.
Sample 1
CONTRIBUTION TO OPERATING COSTS. The Base Rent is predicated in part upon Base Operation Costs on a per square foot basis of five dollars and 75/100 ($5.75) (hereinafter “Base Operating Cost”) consisting of two components $1.90 for real estate taxes and $3.85 for other operating expenses. Prior to March 1, 1995, and prior to the first day of each calendar year thereafter, Lessor shall furnish Tenant with an Estimate of the Operating Costs for the ensuing calendar year. The monthly installments of the Base Rent shall be increased or decreased by one-twelfth of the product of the number of square feet of net rentable area in the Leased Premises multiplied by the excess, if any, of such Estimate over the Base Operating
Sample 1
CONTRIBUTION TO OPERATING COSTS. Tenant shall pay to Landlord Tenant's Pro Rata Share of the Operating Costs of the Building and the Property during the Term of this Lease, including any extension and renewal periods. For the purposes of this Lease, "Operating Costs" shall include all costs and expenses for the following services as they relate to the common areas of the Property and the Building, if and to the extent provided by Landlord: operating, equipping, controlling traffic, policing, lighting, cleaning, maintaining, repairing, and restoring the common areas of the Property, including all utility lines, pipes and conduits, and drainage, septic and sewage systems serving the Property; repairing and maintaining the heating and air conditioning system servicing the Property, sweeping, snow plowing, sanding, refuse removal and wages, unemployment taxes, social security taxes and workmen's compensation insurance premiums for employees directly involved in the Building's maintenance and management, fees for required licenses and permits, and supplies. To the extent that Tenant contracts directly for such services, the cost for such services shall not be included in the definition of Operating Costs. Furthermore, notwithstanding anything to the contrary contained in this Section 7.3, Operating Costs shall not include: any expenses for which Landlord actually receives reimbursement from insurance, condemnation awards, other tenants or any other source; costs incurred to correct defects in the initial design or construction of the base Building and Building systems; costs of a capital nature, including but not limited to, capital improvements, capital repairs, and the purchase or leasing of capital equipment and capital tools; any fines or penalties incurred in connection due to violations by Landlord of any applicable governmental rule, law or regulation not occasioned by Tenant or any of its employees or agents; amounts paid to any person, firm, or corporation related to or otherwise affiliated with Landlord which are in excess of arm's-length competitive prices paid in Lawrence, Massachusetts, for the services or goods provided; payments of principal or interest on any mortgages or ground leases; leasing commissions; and costs incurred to correct defects in the initial design and construction of the Building and Building systems, or any taxes including without limitation income, excise or franchise taxes assessed against Landlord which are not connected to Tenant's use of the Premises, L...
Sample 1
CONTRIBUTION TO OPERATING COSTS. 7.1 Tenant shall pay to Landlord on the first day of each month throughout the Lease Term an amount equal to one-twelfth of Tenant's Additional Rent (based on Estimated Operating Costs in accordance with Section 7.5 below). Tenant's Additional Rent shall be paid to Landlord without deduction, set-off, counterclaim or abatement except as expressly provided herein and shall be prorated for any partial month during the Lease Term.
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CONTRIBUTION TO OPERATING COSTS. Tenant shall pay to Landlord Tenant's Prorata Share of the Operating Costs. This contribution to Operating Costs shall be prorated should this Lease be in effect with respect to only a portion of any calendar year. For the purposes of this Lease, the term "Operating Costs" shall mean the items listed in Exhibit OC attached hereto and made a part hereof.
Sample 1
CONTRIBUTION TO OPERATING COSTS. (a) Until January 1, 2036, Teck shall be solely responsible for and shall pay all costs associated with operating and maintaining the Line 71 Assets, including, without limitation, all sustaining and non-sustaining capital, operating and maintenance costs.
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CONTRIBUTION TO OPERATING COSTS. 4.1 Amount The Transferee agrees to pay to the Joint Venture $255,000.00 being a contribution to the operating costs of the Joint Venture in the nature of a cash call payable by the Transferee only and calculated by reference to past costs as follows: 4.1.1 in respect of the Ealing-1 well, $175,000.00, being 10% of "Past Ealing Costs"; and
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Related to CONTRIBUTION TO OPERATING COSTS

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Common Area Operating Expenses Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, Lessee's Share (as specified in Paragraph 1.6(b)) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:

  • Operating Costs Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs, such monthly amounts to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs, as reasonably estimated by Landlord from time to time. The initial monthly estimated payments shall be in an amount equal to 1/12th of the Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year. If, at the expiration of the year in respect of which monthly installments of Operating Costs shall have been made as aforesaid, the total of such monthly remittances is greater than the actual Operating Costs for such year, Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such remittances is less than the Operating Costs for such year, Tenant shall pay the difference to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement of the Operating Costs, prepared, allocated and computed in accordance with generally accepted accounting principles. Any reimbursement for Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Operating Expenses During the term of this Lease Tenant shall pay to Landlord as additional rent all ad valorem taxes and operating expenses and other charges of every kind and nature (“Operating Expenses”) incurred or paid by Landlord in connection with the maintenance, repair, operation, management, or ownership of the Premises. If requested, Tenant agrees to pay Landlord on the first day of each calendar month, together with the payment of rent, such amount as Landlord estimates from time to time as necessary to pay such expenses. Landlord shall xxxx Tenant annually after the end of each year for such expenses. In the event the aggregate of Tenant’s installments during the year shall be less than the amount of Operating Expenses due from Tenant, such deficiency shall be paid to Landlord within ten (10) days after demand therefore. In the event the aggregate of Tenant’s installments during the year shall be more than the amount of Operating Expenses due from Tenant, such overpayment shall be applied to Tenant’s next monthly installment of Operating Expenses and Rent. As used herein, the term “Operating Expenses” shall include the cost of maintaining casualty and public liability insurance covering the Premises, real estate ad valorem taxes and all costs of managing, operating and maintaining the Premises, including but not limited to: costs of constructing, maintaining and repairing on site and off-site traffic controls; decorating, painting, lighting, sanitary control, and removal of trash, garbage and other refuse; maintenance, repair and replacement of utility systems serving any common areas, including water, sanitary sewer and storm water lines and other utility lines, pipes and conduits; costs of utilities, including water, sewer, electricity, and gas; janitorial, sweeping and cleaning services, trash bin rentals, trash pickup fees, licenses, permits and inspection fees; parking lot painting and restriping; planting, irrigating, gardening and landscaping; signs and markers; parking control and security guards and fire protection or detection service; all general maintenance and repair; other general operation and maintenance costs and expenses; all labor and supplies required by the foregoing; and administrative costs directly attributable thereto.

  • Exclusions from Operating Expenses Operating Expenses exclude the following expenditures:

  • Taxes and Operating Expenses All real estate taxes, charges and assessments affecting the Property (“Taxes”), all charges for water, electricity, sewer rental, gas, telephone, fuel oil and all other utilities (“Operating Expenses”), to the extent not paid directly by tenants, and all common area maintenance charges billed to tenants on an estimated basis (“CAM Charges”) shall be prorated on a per diem basis as of the date of Closing. Buyer shall be entitled to all income and responsible for all expenses for the period beginning at 12:01 a.m. (Central Time Zone (U.S.A.)) on the date of Closing, except as set forth herein. If any Taxes have not been finally assessed as of the date of Closing for the current fiscal year of the taxing authority, then the same shall be adjusted at Closing based upon the most recently issued bills therefor, and shall be re-adjusted when and if final bills are issued. If any Operating Expenses or CAM Charges cannot conclusively be determined as of the date of Closing, then the same shall be adjusted at Closing based upon the most recently issued bills thus far, and readjusted within 120 days after the end of the calendar year in which the Closing occurs or as soon thereafter as final adjustment figures are available. Buyer hereby agrees to assume all non-delinquent assessments affecting the Property, whether special or general, subject to proration on a per diem basis as of the Closing Date. If Seller is presently prosecuting tax abatement proceedings, after the Closing, Seller shall continue to be authorized to prosecute such proceedings, and shall be entitled to its pro rata share of any such abatement proceeds. Buyer agrees after the Closing, to the extent reasonably necessary for Seller to continue to prosecute such proceedings, to reasonably cooperate with Seller, to pay its pro rata share of any costs attributable to such proceedings and also agrees to promptly endorse or pay over to Seller any abatement amounts for such years received by Buyer, less applicable costs incurred by Buyer. To the extent that such refunds are paid to Seller and are due to tenants, Seller does hereby covenant and agree that it shall, upon receipt thereof, reimburse tenants for their applicable share of such refunds. Notwithstanding anything to the contrary contained herein, all reimbursable expenses shall be reconciled at Closing, such that if Seller has collected sums in excess of its reimbursable expenses under the Leases, Seller shall pay such excess to Buyer. In the event that such reconciliation shows that Seller has collected less than its incurred reimbursable expenses under the Leases, Buyer shall remit the shortfall to Seller, when and to the extent actually collected from tenants (with such collections applied first to amounts due with respect to the month in which Closing occurs, and then to any amounts due Buyer with respect to the period of time following the Closing, and then to Seller with respect to any amounts due to Seller with respect to the period of time prior to the Closing) not later than the expiration of one hundred twenty (120) days after the calendar year in which the Closing occurs with respect to the budgeting of such expenses under the Leases.

  • Operating Expenses and Taxes Lessee and Lessor acknowledge and agree that commencing with the Second Extended Lease Term and continuing with any Extended Lease Term validly exercised thereafter, (x) the Lease provisions relating to payment of Taxes and Operating Expenses shall be converted from a Base Year computation to a straight net basis computation, and (y) Lessee shall be assuming the obligation of maintenance and repair described in Paragraph 11 below. In connection with the conversion from a Base Year to a net lease and Lessee’s assumption of the maintenance and repair obligations described in Paragraph 11 below, Lessee and Lessor wish to modify the terms and provisions of the Lease relating to Operating Expenses to account for such modifications and Lessee’s assumption of such obligations. In connection with the foregoing, Lessee and Lessor hereby acknowledge and agree that commencing on January 1, 2013, (i) the MOU shall have no further force or effect with respect to all periods from and after January 1, 2013 (the MOU shall remain in effect with respect to periods on or before December 31, 2012, except as modified by Xxxxxxxxxx 00 xxx 00 xxxxx), (xx) notwithstanding anything to the contrary contained in the Lease, Lessee’s obligations with respect to the payment of Lessee’s Percentage of Taxes and Lessee’s Percentage of Operating Expenses shall be computed without reference to a Base Year, with the effect that Lessee’s obligation for payment of Taxes during any Tax Year shall be payment of Lessee’s Percentage of the Taxes incurred with respect to such Tax Year and Lessee’s obligation for payment of Operating Expenses during any Lease Year for Operating Expenses shall be payment of Lessee’s Percentage of the Operating Expenses incurred with respect to such Lease Year for Operating Expenses, and (iii) Article 5 of the Original Lease shall be deleted in its entirety with respect to all periods from and after January 1, 2013 and replaced with the provisions of this Paragraph 10.

  • Tax Expenses Tenant shall pay to Landlord Tenant's Share of all real property taxes applicable to the Project. Prior to delinquency, Tenant shall pay any and all taxes and assessments levied upon Tenant's Property (defined below in Section 10) located or installed in or about the Premises by, or on behalf of Tenant. To the extent any such taxes or assessments are not separately assessed or billed to Tenant, then Tenant shall pay the amount thereof as invoiced by Landlord. Tenant shall also reimburse and pay Landlord, as Additional Rent, within twenty (20) days after demand therefor, one hundred percent (100%) of (i) any increase in real property taxes attributable to any and all Alterations (defined below in Section 10), Tenant Improvements, fixtures, equipment or other improvements of any kind whatsoever placed in, on or about the Premises for the benefit of, at the request of, or by Tenant, and (ii) taxes and assessments levied or assessed upon or with respect to the possession, operation, use or occupancy by Tenant of the Premises or any other portion of the Project. The term "Tax Expenses" shall mean and include, without limitation, any form of tax and assessment (general, special, supplemental, ordinary or extraordinary), commercial rental tax, payments under any improvement bond or bonds, license fees, license tax, business license fee, rental tax, transaction tax or levy imposed by any authority having the direct or indirect power of tax (including any city, county, state or federal government, or any school, agricultural, lighting, drainage or other improvement district thereof) as against any legal or equitable interest of Landlord in the Premises or any other portion of the Project or any other tax, fee, or excise, however described, including, but not limited to, any value added tax, or any tax imposed in substitution (partially or totally) of any tax previously included within the definition of real property taxes, or any additional tax the nature of which was previously included within the definition of real property taxes. The term "Tax Expenses" shall not include any franchise, estate, inheritance, net income, or excess profits tax imposed upon Landlord, or a penalty fee imposed as a result of Landlord's failure to pay Tax Expenses when due.

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