Expense Share Adjustments Sample Clauses

Expense Share Adjustments. The initial Annual Fixed Rent for the Term is based, in part, on the Operating Expense Share and Tax Expense Share. In the event that either the actual Operating Expense Share or actual Tax Expense Share is less than the amounts paid in any year during the term of the Lease (e.g., if real estate taxes applicable to the property decrease below the Tax Expense Share paid), then the difference will be abated to Tenant for that year and the Operating Expense Share or the Tax Expense Share, as the case may be, will be reduced for the next year. The amount of any reduction due Tenant shall be determined at the end of each semi-annual or annual adjustment period, and Landlord shall promptly thereafter either: (i) refund the excess Annual Fixed Rent paid by Tenant for the immediately preceding adjustment period, or (ii) credit to Tenant the excess already paid and apply it to the next installment of Annual Fixed Rent due from Tenant.
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Expense Share Adjustments. The initial Annual Fixed Rent for the Term is based, in part, on the Operating Expense Share and Tax Expense Share. In the event that either the actual Operating Expense Share or actual Tax Expense Share is less than the amounts paid in any year during the term of the Lease (e.g., if real estate taxes applicable to the property decrease below the Tax Expense Share paid), then the difference will be abated to Tenant for that year and the Operating Expense Share or the Tax Expense Share, as the case may be, will be reduced for the next year. The amount of any reduction due Tenant shall be determined at the end of each semiannual or annual adjustment period, and the Landlord shall promptly thereafter either: (i) refund the excess Annual Fixed Rent paid by Tenant for the immediately preceding adjustment period, or (ii) credit to Tenant the excess already paid and apply it to the next installment of Annual Fixed Rent due from Tenant. Amendment No. 4 -- Exhibit D, Renewal Option A new Exhibit D, Renewal Option is attached hereto and any prior Renewal Options are hereby deleted. This Amendment is subject to the receipt of $850,000.00 from the Landlord which represents reimbursement for Tenant finish work done at 12A Xxxxx Xxxxxxx, Xxxxx, XX. Xxceipt of which will be done in writing and attached hereto. All other provisions of the Lease are hereby ratified and confirmed.
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Related to Expense Share Adjustments

  • Share Adjustments If the Company's outstanding shares of Common Stock are increased or decreased or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of any recapitalization, reclassification, stock split, combination of shares, stock dividend, or transaction having similar effect, the Board shall proportionately and appropriately adjust the number and kind of shares that are subject to this Option and the Exercise Price Per Share, without any change in the aggregate price to be paid therefor upon exercise of this Option.

  • Stock Adjustments In the event that during the term of the pledge any stock dividend, reclassification, readjustment or other changes are declared or made in the capital structure of Pledgee, all new, substituted and additional shares or other securities issued by reason of any such change shall be delivered to and held by the Pledgee under the terms of this Security Agreement in the same manner as the Shares originally pledged hereunder. In the event of substitution of such securities, Pledgor, Pledgee and Pledgeholder shall cooperate and execute such documents as are reasonable so as to provide for the substitution of such Collateral and, upon such substitution, references to "Shares" in this Security Agreement shall include the substituted shares of capital stock of Pledgor as a result thereof.

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Conversion Price Adjustments The conversion price shall be subject to adjustment (without duplication) from time to time as follows:

  • No Adjustment of Conversion Price No adjustment in the Conversion Price of a particular series of Preferred Stock shall be made in respect of the issuance of Additional Shares of Common unless the consideration per share (as determined pursuant to Section 4(d)(vii)) for an Additional Share of Common issued or deemed to be issued by the Corporation is less than the Conversion Price in effect on the date of, and immediately prior to such issue, for such series of Preferred Stock.

  • Fee Adjustments The fixed fees and other fees expressed as stated dollar amounts in this Schedule C and in this Agreement are subject to annual increases, commencing on the one-year anniversary date of the date of this Agreement, in an amount equal to the percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter,” or a similar index should such index no longer be published, since such one-year anniversary or since the date of the last fee increase, as applicable. SCHEDULE D SPECIAL DISTRIBUTION SERVICES AND FEES Services Fees

  • Conversion Price Adjustment In the event the Company, shall, at any time following the issuance of the Series A-1 Preference Shares, issue additional Common Shares in a financing transaction the sole purpose of which is to raise capital, at a price per share less than the Conversion Price then in effect, then the Conversion Price upon each such issuance shall be reduced to a price equal to the consideration paid for such additional Common Shares.

  • Warrant Price Adjustment Except as otherwise provided herein, whenever the number of shares of Warrant Stock purchasable upon exercise of this Warrant is adjusted, as herein provided, the Warrant Price payable upon the exercise of this Warrant shall be adjusted to that price determined by multiplying the Warrant Price immediately prior to such adjustment by a fraction (i) the numerator of which shall be the number of shares of Warrant Stock purchasable upon exercise of this Warrant immediately prior to such adjustment, and (ii) the denominator of which shall be the number of shares of Warrant Stock purchasable upon exercise of this Warrant immediately thereafter.

  • Purchase Price Adjustments In case at any time and from time to time the Company shall issue any shares of Common Stock or Derivative Securities convertible or exercisable for shares of Common Stock (the number of shares so issued, or issuable upon conversion or exercise of such Derivative Securities, as applicable, being referred to as "Additional Shares of Common Stock") for consideration less than the then Market Price at the date of issuance of such shares of Common Stock or such Derivative Securities, in each such case the Conversion Price shall, concurrently with such issuance, be adjusted by multiplying the Conversion Price immediately prior to such event by a fraction: (i) the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to the issuance of such Additional Shares of Common Stock plus the number of shares of Common Stock that the aggregate consideration received by the Company for the total number of such Additional Shares of Common Stock so issued would purchase at the Market Price and (ii) the denominator of which shall be the number of shares of Common Stock outstanding immediately prior to the issuance of Additional Shares of Common Stock plus the number of such Additional Shares of Common Stock so issued or sold.

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