General Costs Per Calendar Year Sample Clauses

General Costs Per Calendar Year i. LESSEE shall, beginning with its occupancy and throughout the term hereof, and any holdover periods, pay to LESSOR a proportionate share of the Operating Costs of the Common Facilities defined in paragraph 6, along with a proportionate share of all Taxes and insurance paid for by LESSOR relating to the operation of the building. LESSEE’s share of all the Common Facilities contribution, Taxes and insurance, shall be determined by totaling all of those costs and multiplying it by a fraction, the numerator of which shall be the number of square feet in the demised Premises and the denominator shall be the total number of gross leaseable square feet in the building.That figure is currently 61.7% and will remain the same unless the building area is expanded by LESSOR. LESSOR shall estimate the total yearly charge for Taxes, insurance and Common Facilities contribution charges and, based on one-twelfth of that estimated charge, LESSOR shall xxxx LESSEE for its estimated monthly charge upon commencement of the lease and at the end of each calendar year thereafter. The estimated monthly charge shall be paid by LESSEE in advance, when its rent is due, on a monthly basis. Within 90 days of the end of each calendar year LESSOR shall determine and provide an itemized accounting to LESSEE of the actual cost for Taxes, insurance and Common Facilities contribution and if LESSEE has paid more than its prorata share, it shall receive a credit. If LESSEE has underpaid, it shall pay said charge within thirty (30) days of billing by LESSOR. All Taxes and other charges will be for the calendar year in which they are incurred by LESSOR. LESSEE will pay its proportionate share of any increases over its share of the Base Year Building Operating Expenses of $34,297.00. At no time will LESSEE’S share of any of the Building Operating Expenses be less than the base year figures.
Sample 1
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Related to General Costs Per Calendar Year

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  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Limitation Year The Limitation Year is: (Choose (c) or (d)) [ x ] (c) The Plan Year. [ ] (d) The 12 consecutive month period ending every _____.

  • Fiscal Year; Fiscal Quarter The Borrower shall not change its fiscal year or any of its fiscal quarters, without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

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