Common use of Increase in Direct Costs Clause in Contracts

Increase in Direct Costs. Tenant shall pay an additional sum for each such subsequent calendar year equal to the product of the amount set forth in Section 1G of the Basic Lease Provisions multiplied by the amount of “Direct Costs” for such year. In the event either the Premises and/or the Project is expanded or reduced, then Tenant’s Proportionate Share shall be appropriately adjusted, and as to the calendar year in which such change occurs, Tenant’s Proportionate Share for such calendar year shall be determined on the basis of the number of days during that particular calendar year that such Tenant’s Proportionate Share was in effect. In the event this Lease shall terminate on any date other than the last day of a calendar year, the additional sum payable hereunder by Tenant during the calendar year in which this Lease terminates shall be prorated on the basis of the relationship which the number of days which have elapsed from the commencement of said calendar year to and including said date on which this Lease terminates bears to three hundred sixty five (365). Any and all amounts due and payable by Tenant pursuant to this Lease (other than Basic Rental) shall be deemed “Additional Rent” and Landlord shall be entitled to exercise the same rights and remedies upon default in these payments as Landlord is entitled to exercise with respect to defaults in monthly Basic Rental payments.

Increase in Direct Costs. Tenant shall pay an additional sum for each such ------------------------ subsequent calendar year equal to the product of the amount set forth in Section 1G Article 1.E. of the Basic Lease Provisions multiplied by the amount of “"Direct Costs” for such year. ." In the event either the Premises and/or the Project is expanded or reduced, then Tenant’s 's Proportionate Share shall be appropriately adjusted, and as to the calendar year in which such change occurs, Tenant’s 's Proportionate Share for such calendar year shall be determined on the basis of the number of days during that particular calendar year that such Tenant’s 's Proportionate Share was in effect. In the event this Lease shall terminate on any date other than the last day of a calendar year, the additional sum payable hereunder by Tenant during the calendar year in which this Lease terminates shall be prorated on the basis of the relationship which the number of days which have elapsed from the commencement of said calendar year to and including said date on which this Lease terminates bears to three hundred sixty five (365360). Any and all amounts due and payable by Tenant pursuant to this Lease Article 3(b),(c) and (other than Basic Rentald) hereof shall be deemed “"Additional Rent” " and Landlord shall be entitled to exercise the same rights and remedies upon default in these payments as Landlord is entitled to exercise with respect to defaults in monthly Basic Rental payments.

Increase in Direct Costs. Tenant shall pay an additional sum for each such ------------------------ subsequent calendar year equal to the product of the amount set forth in Section 1G Article 1.E. of the Basic Lease Provisions multiplied by the amount of “"Direct Costs” for such year. ." In the event either the Premises and/or the Project is expanded or reduced, then Tenant’s 's Proportionate Share shall be appropriately adjusted, and as to the calendar year in which such change occurs, Tenant’s 's Proportionate Share for such calendar year shall be determined on the basis of the number of days during that particular calendar year that such Tenant’s 's Proportionate Share was in effect. In the event this Lease shall terminate on any date other than the last day of a calendar year, the additional sum payable hereunder by Tenant during the calendar year in which this Lease terminates shall be prorated on the basis of the relationship which the number of days which have elapsed from the commencement of said calendar year to and including said date on which this Lease terminates bears to three hundred sixty five (365360). Any and all amounts due and payable by Tenant pursuant to this Lease Article 3(b),(c) and (other than Basic Rentald) hereof shall be deemed “Additional Rent” "ADDITIONAL RENT" and Landlord shall be entitled to exercise the same rights and remedies upon default in these payments as Landlord is entitled to exercise with respect to defaults in monthly Basic Rental payments.

Increase in Direct Costs. The term “Base Year” means the calendar year set forth in Article 1.D. of the Basic Lease Provisions. If, in any calendar year during the Term of this Lease, the “Direct Costs” (as hereinafter defined) paid or incurred by Landlord shall be higher than the Direct Costs for the Base Year, Tenant shall pay an additional sum for such and each such subsequent calendar year equal to the product of the amount set forth in Section 1G Article 1.E. of the Basic Lease Provisions multiplied by the such increased amount of “Direct Costs.” for such year. In the event either the Premises and/or the Project is expanded or reduced, then Tenant’s Proportionate Share shall be appropriately adjusted, and as to the calendar year in which such change occurs, Tenant’s Proportionate Share for such calendar year shall be determined on the basis of the number of days during that particular calendar year that such Tenant’s Proportionate Share was in effect. In the event this Lease shall terminate on any date other than the last day of a calendar year, the additional sum payable hereunder by Tenant during the calendar year in which this Lease terminates shall be prorated on the basis of the relationship which the number of days which have elapsed from the commencement of said calendar year to and including said date on which this Lease terminates bears to three hundred sixty sixty-five (365). Any Any-and all amounts due and payable by Tenant pursuant to this Lease (other than Basic Rental) shall be deemed “Additional Rent” and Landlord shall be entitled to exercise the same rights and remedies upon default in these payments as Landlord is entitled to exercise with respect to defaults in monthly Basic Rental payments.

Increase in Direct Costs. The term "Base Year" means the calendar year set forth in Article 1.D. of the Basic Lease Provisions. If, in any calendar year during the Term of this Lease, the "Direct Costs" (as hereinafter defined) paid or incurred by Landlord shall be higher than the Direct Costs for the Base Year, Tenant shall pay an additional sum for each such subsequent calendar year equal to the product of the amount set forth in Section 1G Article 1.E. of the Basic Lease Provisions multiplied by the such increased amount of “Direct Costs” for such year. In the event either the Premises and/or the Project is expanded or reduced, then Tenant’s 's Proportionate Share shall be appropriately adjusted, and as to the calendar year in which such change occurs, Tenant’s 's Proportionate Share for such calendar year shall be determined on the basis of the number of days during that particular calendar year that such Tenant’s 's Proportionate Share was in effect. In the event this Lease shall terminate on any date other than the last day of a calendar year, the additional sum payable hereunder by Tenant during the calendar year in which this Lease terminates shall be prorated on the basis of the relationship which the number of days which have elapsed from the commencement of said calendar year to and including said date on which this Lease terminates bears to three hundred sixty five (365). Any and all amounts due and payable by Tenant pursuant to this Lease (other than Basic Rental) shall be deemed “"Additional Rent” " and Landlord shall be entitled to exercise the same rights and remedies upon default in these payments as Landlord is entitled to exercise with respect to defaults in monthly Basic Rental payments.