Common use of Further Adjustment Clause in Contracts

Further Adjustment. In the event the average occupancy level of the Building in any Lease Year was not ninety-five percent (95%) or more of full occupancy, then in making the calculations in 8.3 and 8.4 the Estimated Costs and Actual Costs for such year shall be proportioned among the Tenants by the Landlord to reflect those costs which would have occurred had the Building been ninety-five percent (95%) occupied during such year.

Appears in 2 contracts

Samples: Lease Agreement (Maxxis Group Inc), Lease Agreement (Maxxis Group Inc)

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Further Adjustment. In the event the average occupancy level of the Building in for any Lease Year was or is not ninety-five percent (95%) or more of full occupancy, then in making the calculations in 8.3 Actual Expenses and 8.4 the Estimated Costs and Actual Costs Landlord's estimate thereof for such year Lease Year shall be proportioned among the Tenants proportionately adjusted by the Landlord to reflect those costs which that would have occurred had the Building been ninety-five percent (95%) occupied during such yearLease Year.

Appears in 2 contracts

Samples: Office Lease Agreement (Edgar Online Inc), Office Lease Agreement (Edgar Online Inc)

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Further Adjustment. In the event the average occupancy level of the Building in for any Lease Year was or is not ninety-five ninety percent (9590%) or more of full occupancy, then in making the calculations in 8.3 and 8.4 the Estimated Costs and Actual Costs for such year shall be proportioned among the Tenants proportionately adjusted by the Landlord Lessor to reflect those costs which would have occurred had the Building been ninety-five ninety percent (9590%) occupied during such year. Additionally, the Net Rentable Area of Building shall be similarly adjusted.

Appears in 1 contract

Samples: Lease Agreement (Asymetrix Learning Systems Inc)

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