Operating Expense. TENANT shall pay to LANDLORD as “
Operating Expense. Tenant shall pay to Landlord the Operating Expense Allowance in equal monthly installments, the first of which shall be payable upon execution of this Lease. If the term commences other than ont he first day of the calendar month, then the Operating expense Allowance for the first calendar month of the Term shall be adjusted to the succeeding month. Tenant's Proportionate Share of Operating Expense If Landlord's Operating Expense for any Operating Year shall be greater than the Operating Expense Allowance, Tenant shall pay to Landlord as additional rent an amount equal to Tenant's Proportionate Share of the difference (the amount of Tenant's Proportionate Share of such difference is hereinafter referred to as the "Operating Expense Adjustment"). If Tenant occupies the Premises or portion thereof for less than a full Operating Year, the Operating Expense Adjustment will be calculated in proportion to the amount of time in such Operating Year that Tenant occupied the Premises. Such Additional Rent shall be paid in the following manner: within 120 days following the end of the first and each succeeding Operating Year, Landlord shall furnish Tenant an Operating Expense Statement certified as true and correct setting forth (i) the Operating Expense for the preceding Operating Year, (ii) the Operating Expense Allowance and (iii) Tenant's Operating Expense Adjustment for such Operating Year. Within 10 days following the receipt of such Operating Expense Statement (the "Expense Adjustment Date") Tenant shall pay to Landlord as Additional Rent the Operating Expense Adjustment for such Operating Year. Commencing with the first month of the second Operating Year, Tenant shall pay to Landlord, in addition to the Operating Expense Allowance, on account of the Operating Expense Adjustment for such Operating Year, monthly installments in advance equal to one-twelfth (1/12) of the estimated Operating Expense Adjustment for such Operating Year. As used in this Section 6(A) and Section 1 where applicable, the following words and terms shall be defined as hereinafter set forth:
Operating Expense. Utilities, janitorial, building management, building maintenance and property taxes are included in the Rent above. The Rent is inclusive of all operating expenses and there will be no operating expense pass throughs over the Term of the Sublease. Normal operating hours and HVAC hours for the Premises are from 7:00 am to 6:00 pm, Monday through Friday, and from 8:00 am to 1:00 pm on Saturdays. If Sublessee requires after hours HVAC, there will not be a charge for after hour HVAC through the entire Term.
Operating Expense. Parent and its Subsidiaries shall not permit the Operating Expenses, calculated on a trailing four-quarter basis as of the last day of the most recent fiscal quarter of Parent for which financial statements were required to have been furnished to Lender pursuant to Section 7.02(b), to exceed the amounts set forth in the Closing Date Budget by more than [***] (the “Operating Expense Cap”); provided, that the Operating Expense Cap for any calculation period may be increased (without duplication of any increase to the NAC Cap pursuant to clause (b) above) by an amount (calculated on a percentage basis) equal to the percentage amount by which Gross Revenue exceeds the projected gross revenue of Parent and its Subsidiaries as set forth in the Closing Date Budget; provided, further, that Parent and its Subsidiaries shall not incur any Operating Expenses of the type which are not consistent with those specified in the consolidated statements of income of Parent and its Subsidiaries delivered to Lender prior to the Closing Date; and
Operating Expense. The LESSEE will pay for all water, gas, heat, light, power, telephone service, and other public utilities furnished to the Leased Space and used by the LESSEE throughout the Initial Term or Renewal Term hereof, and all other costs and expenses of every kind whatsoever in connection with the use, operation, and maintenance of the Leased Space and all activities conducted thereon.
Operating Expense. “Operating Expense” and/or NNN shall mean the total costs and expenses incurred in operating, managing and maintaining the Shopping Center, including without limitation, such maintenance and repair as shall be required in Landlord’s judgment to preserve the Shopping Center in the same condition and status as it was at the time of completion of the original construction and installation; costs and expenses of planting, maintaining and replacing landscaping; water and sewer charges; ventilating; interior and exterior painting; required licenses and permits; costs of exterior lighting; installation, maintenance and replacement of exterior signs; maintenance, repair and cleaning of Common Area floors; removal of snow, trash, rubbish, garbage and other refuse; parking lot maintenance and line striping; all costs and expenses of fire protection and sprinkler maintenance; security costs, traffic control and policing; acquisition costs of replacement and/or rents for the leasing of any machinery, equipment, including lighting, used in connection with operation, management or maintenance; repair and/or replacement of the roof and of on-site water lines, sanitary and storm sewer lines; the cost and expense of leasing all or any part of the Common Area; the cost of management personnel and supervision (including compensation and benefit costs of such personnel); special assessments; Real Estate Taxes and any and all governmental impositions and surcharges; administrative charges equal to fifteen percent (15%) of the total costs of operating, managing and maintaining the Shopping Center; and any costs incurred by the Landlord in making capital improvements or other modifications to the Shopping Center or any part thereof, and any installation of equipment or materials or makes other improvements required to comply with applicable laws, orders or regulations of governmental authorities enacted after the date hereof, the costs of such improvements, equipment, materials or modifications shall be amortized over the useful life of such improvement or modification amount, in accordance with such reasonable life and amortization schedules and shall be determined by Landlord in accordance with generally accepted accounting principles; and costs incurred in engaging experts or other consultants to assist Landlord in making any of the computations required under this Lease. In addition to the above, Operating Expense shall be deemed to include all premiums paid for all insuranc...
Operating Expense. As used in this Lease, "Building Operating ----------------- Expenses" means all of the Building Service Expenses and an allocable portion of the Project Expenses as follows:
Operating Expense. Except as otherwise specifically provided herein, Lessee shall bear at its own expense all costs of operating and maintaining the Rental Car Concession. Lessee shall promptly pay all expenses incurred in the operation of its Rental Car Concession.
Operating Expense. Utilities, janitorial, building management, building maintenance and property taxes are included in the Rent above per the Lease. The Rent is inclusive of all operating expenses and there will be no operating expense pass throughs over the Term of the Sub-Sublease outside those allowed within the Lease. Normal operating hours and HVAC hours for the Premises are from 7:00 am to 6:00 pm, Monday through Friday, and from 8:00 am to 1:00 pm on Saturdays. If Sub-Sublessee requires after hours HVAC, -charges for after hour HVAC through the entire Term will be passed through as charged to the Sub-Sublessor per the Lease.
Operating Expense. All Taxes which are levied or assessed or which become a lien upon any portion of the Project or which become due or accrue during the Lease Term shall be an Operating Expense, and Tenant shall pay as Additional Rent each month during the Lease Term 1/12th of its annual share of such Taxes, based on Landlord’s estimate thereof, pursuant to Paragraph 12 below. Tenant’s share of Taxes during any partial tax fiscal year(s) within the Lease Term shall be prorated according to the ratio which the number of days during the Lease Term or of actual occupancy of the Premises by Tenant, whichever is greater, during such year bears to 365.