Operating Expense Escalation. 50.01 Tenant shall pay to Landlord, as Additional Rent, operating expense escalations in accordance with this Article.
Operating Expense Escalation. During the Base Term, the annual Base Rent shall be adjusted for increases in Operating Expenses, (as hereinafter defined), in the following manner:
Operating Expense Escalation. In order to adjust, during the term of this lease, for increases in the expenses of the Landlord in operating the building, the Tenant shall pay to the Landlord, as additional rent, commencing on April 1, 2001 and on each April 1 thereafter, the amount indicated in Schedule 1 as the Operating Expense Payment, such amount to be paid (in addition to the annual fixed rent) in twelve equal monthly installments.
Operating Expense Escalation. Tenant shall be responsible to pay its Proportionate Share, as hereinafter defined, of the increase in Operating Expenses attributable to the Building that are in excess of Calendar Year 2023 Operating Expenses (the “Operating Expense Base Year”), any such excess, which amount shall be known as the “Operating Expenses Excess”. The projected Operating Expenses for the Operating Expense Base Year are depicted on Exhibit C, which is attached hereto and made a part hereof. Tenant’s Proportionate Share is computed as follows: the numerator is Tenant’s rentable square feet (10,356) and the denominator is the Building’s total rentable square feet (30,456). Initially, Tenant’s Proportionate Share is 34.00%. With respect to any Base Year or any subsequent year in which the Building is not occupied to the extent of 95% of the rentable area thereof, the Operating Expenses for such period which vary with the occupancy of the Building, for the purposes hereof, be increased to the amount which would have been incurred had the Building been occupied to the extent of 95% of the rentable area thereof, as reasonably determined by Landlord, provided, however, that in no event shall Tenant be responsible for any amount which is grossed up in excess of those amounts actually paid by Landlord. Landlord shall provide its calculations to Tenant upon Txxxxx’s request. Within ninety (90) days following the end of each calendar year during the term of this Lease, Landlord shall furnish to Tenant a statement of Landlord’s actual Operating Expenses for the previous calendar year and a determination of the amount of Operating Expenses Excess which is due for such calendar year. Tenant shall pay such amount to Landlord within thirty (30) days of its receipt of such statement. If Landlord fails to furnish Tenant with such statement within twelve (12) months of the end of the applicable calendar year, Landlord shall be deemed to have waived all rights to any reconciliation for Operating Expenses. Operating Expenses shall be defined as all actual costs and expenses incurred by Landlord, its agents, and/or designees in connect ion with operating, lighting, cleaning, maintaining, equipping, repairing, insuring, managing and/or replacing all or any part of the Building’s common areas (and any installations therein, thereon, thereunder or thereover), and all electrical, plumbing, and other systems of the Building not exclusively serving and paid for by particular tenants, which costs and expen...
Operating Expense Escalation. 7.1 For purposes of this Lease:
Operating Expense Escalation. (A) For all purposes of this lease, "
Operating Expense Escalation. Commencing twelve (12) months following the Commencement Date, Subtenant shall pay Sublandlord an Operating Expense Escalation equal to two and one half percent (2.5%) per annum of the prior year’s Fixed Rent in lieu of any other payment on account of escalations in operating expenses for the Building, the Prime Lease Premises or the Premises, pursuant to the Prime Lease or otherwise (the “Operating Expense Escalation Payment”). For purposes of illustration, the Fixed Rent plus Operating Expense Escalation commencing twelve (12) months following the Commencement Date shall be as follows on a monthly and annual basis (it being understood that (i) the dates set forth below are based upon a Commencement Date of June 1, 2007 and in the event that the Commencement Date varies from that date, the dates set forth below shall vary accordingly) and (ii) if the final period is less than twelve (12) months, then the per annum sum of Fixed Rent plus Operating Expense Escalation for such period shall be prorated). June 1, 2007 – May 31, 2008 $ 2,626,920.00/annum $ 218,910.00/month June 1, 2008 – May 31, 2009 $ 2,692,593.00/annum $ 224,382.75/month June 1, 2009 – May 31, 2010 $ 2,759,907.80/annum $ 229,992.31/month June 1, 2010 – May 31, 2011 $ 2,828,905.52/annum $ 235,742.13/month June 1, 2011 – May 31, 2012 $ 2,899,628.47/annum $ 241,635.71/month June 1, 2012 – May 31, 2013 $ 2,972,119.18/annum $ 247,676.60/month June 1, 2013 – May 31, 2014 $ 3,046,422.16/annum $ 253,868.51/month June 1, 2014 – Expiration Date $ 3,122,582.71/annum $ 260,215.22/month
Operating Expense Escalation. 49.01 Tenant covenants to pay, directly to the Condominium Board (as such term is defined in the Declaration) before any fine, penalty, interest or cost may be added thereto for the nonpayment thereof, as Additional Rent, all Common Charges accruing during the Term in respect of the Premises.
Operating Expense Escalation. 10. In the event that the operating expenses (as hereinafter defined) incurred by lessor during any lease year or part thereof pro rated for the number of months that Lessee has occupied the Leased Premises shall be greater than the operating expenses incurred by Lessor during the calendar year 1997, then Lessee shall pay to Lessor as additional rent for the lease year in question, within 15 days after being billed therefore, an amount equal to 34.0% of the warehouse, office-warehouse share of such increase. For the purposes of this paragraph "
Operating Expense Escalation. Lessee shall pay Lessor, as additional rent, Lessee's Share of Operating Expense, multiplied by the amount, if any, by which the Operating Expenses increase over the Operating Expense Base. The amount due Lessor hereunder if any shall be estimated by Lessor annually and such estimate shall be payable to Lessor in monthly installments over such year. At year end, the actual Operating Expenses incurred during that year shall be determined by Lessor, and any adjustment in such estimate shall be made, with additional payments by or refunds to Lessee, as appropriate. "Operating Expense" shall include reasonable and necessary expenses incurred by Lessor for the insurance of the Building and the , maintenance and insurance of the Land Common Area. 3.5
