Costs of Operation - Adjustments Sample Clauses

Costs of Operation - Adjustments. If less than 100% of the Rentable Area of the Building is occupied and fully serviced during any period in a Lease Year, then the Costs of Operation for such Lease Year shall be adjusted to what the Costs of Operation would have been as if 100% of the Rentable Area of the Building had been occupied and fully serviced throughout such Lease Year.
Sample 1
AutoNDA by SimpleDocs
Costs of Operation - Adjustments. If during any period in the Base Year or a Comparison Year less than ninety-five percent of the rentable area of the Building is occupied and fully serviced, the Costs of Operation for such period shall be adjusted to what the Costs of Operation would have been if ninety-five percent of the Rentable Area of the Building had been occupied and fully serviced throughout the Base Year or the Comparison Year.
Sample 1
Costs of Operation - Adjustments. Costs of Operation shall be calculated in accordance with GAAP, consistently applied. If during any period in the Base Year or a Comparison Year the Building is not both ninety-five percent (95%) occupied and fully serviced by Landlord, the Costs of Operation which vary with occupancy for such year shall be adjusted to what they would have been if ninety-five percent (95%) of the Building had been occupied and fully serviced throughout such year, as estimated in good faith by Landlord. Further, Landlord shall not collect from Tenants of the Building more than one hundred percent (100%) of the actual Costs of Operation or Taxes incurred by Landlord during any Comparison Year. Xxxxxxxx further agrees to calculate the management fee for the Building in the Base Year assuming that the Building is 95% leased, with all tenants paying rent.
Sample 1
Costs of Operation - Adjustments. Costs of Operation shall be calculated in accordance with Generally Accepted Accounting Principles (GAAP), consistently applied. If during any period in the Base Year or a Comparison Year the Building is not 95% occupied, the Costs of Operation which vary with occupancy for such year shall be adjusted to what they would have been if 95% of the Building had been occupied throughout such year, as estimated in good faith by Sublandlord. Sublandlord further agrees to calculate the management fee for the Building in the Base Year assuming that the Building is 95% leased, with all tenants paying rent.
Sample 1

Related to Costs of Operation - Adjustments

  • 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.

  • Definition of Operating Expenses (a) Subject to the exclusions and provisions hereinafter contained, the term "

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the investment advisory fees waived or reduced and other payments remitted by the Adviser to the Fund or Funds with respect to the previous fiscal year shall equal the Excess Amount.

  • Tenant’s Share of Operating Expenses Tenant shall pay Tenant’s Share of Operating Expenses in the respective shares of the respective categories of Operating Expenses as set forth below.

  • Hours of Operation Account Processing Services will be available for use by Client during standard Fiserv business hours, excluding holidays, as specified in Exhibit A - 3. Account Processing Services may be available during additional hours, during which time Client may use Services at its option and subject to additional charges.

  • Adjustments Resulting in Underpayments In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax due with respect to such Tax Return required to be paid as a result of such adjustment pursuant to a Final Determination. The Responsible Company shall compute the amount attributable to the AAMC Group in accordance with Article II and AAMC shall pay to Altisource any amount due Altisource (or Altisource shall pay AAMC any amount due AAMC) under Article II within 30 days from the later of (i) the date the additional Tax was paid by the Responsible Company or (ii) the date of receipt of a written notice and demand from the Responsible Company for payment of the amount due, accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. Any payments required under this Section 4.01(c) shall include interest computed at the Base Rate based on the number of days from the date the additional Tax was paid by the Responsible Company to the date of the payment under this Section 4.01(c).

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

Time is Money Join Law Insider Premium to draft better contracts faster.