OPERATING EXPENSE REIMBURSEMENT Sample Clauses

OPERATING EXPENSE REIMBURSEMENT. In addition to the Base Rent Tenant shall pay to Landlord its proportionate share of the Operating Expenses. Tenant's proportionate share is agreed to be 3.27% ("Tenant's Pro Rata Share"). Landlord will provide to Tenant an estimate of the amount of Operating Expenses for the upcoming year (“Estimated Operating Expense”). In addition to the Base Rent, Tenant shall pay in advance on the first day of each calendar month during the Term, installments equal to 1/12th of Tenant’s Pro Rata Share of the Estimated Operating Expense, except that the first such monthly installment is due upon the Commencement Date. Within one hundred fifty (150) days after the end of each calendar year during the Term, Landlord shall furnish to Tenant a statement certified by Landlord of the Actual Operating Expenses (hereinafter defined) for the immediately preceding calendar year, which statement shall specify the various types of Operating Expenses and set forth Landlord's calculations of Tenant’s Pro Rata Share of the Actual Operating Expense. If Xxxxxx’s Pro Rata Share of the Estimated Operating Expense paid to Landlord during the previous calendar year exceeds Tenant’s Pro Rata Share of the Actual Operating Expense, then Landlord shall, at its option, either refund the difference to Tenant at the time Landlord furnishes the statement of the Actual Operating Expense or credit the amount overpaid by Tenant to Tenant’s Pro Rata Share of the Estimated Operating Expense for the next calendar year. Otherwise, within fifteen (15) days after Landlord furnishes such statement to Tenant, Tenant shall make a lump sum payment to Landlord equal to Tenant’s Pro Rata Share of the positive difference between the Actual Operating Expense and the Estimated Operating Expense previously paid by Xxxxxx. The Estimated Operating Expense shall equal Landlord's estimate of Operating Expenses for the applicable calendar year Xxxxxxxx's statement of the Estimated Operating Expense shall control for the year specified in such statement and for each succeeding year during the Term until Landlord provides a new statement of the Estimated Operating Expense. The "Actual Operating Expense" shall equal the actual Operating Expenses for the applicable calendar year.
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OPERATING EXPENSE REIMBURSEMENT. The Joint Operator will pay all costs and expenses connected with the Parking Facilities when due. The Joint Operator will submit a written report to the State by the tenth (10th) day of each month, listing all expenses previously authorized in accordance with Sections C and D of this Article that were incurred and paid in the operation of the Parking Facilities and Shuttle Bus Service for the preceding month. The State will process reimbursements and pay approved costs on or before the fifteenth (15th) day after the State receives the Joint Operator's monthly activity report.
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OPERATING EXPENSE REIMBURSEMENT. The Base Rent payable under Section 4.01 of this Lease includes an annual allocation for operating expenses equal to the Base Operating Expense (defined below) per square foot of Rentable Area of the Premises. As used herein, “Base Operating Expense” shall mean Operating Expenses (defined in Section 5.02 hereof) for the calendar year 1999 determined in accordance with this Article 5, which calendar year 1999 shall be referred to herein as the “Base Year.” In the event that Operating Expenses (defined in Section 5.02A hereof) of the Project during any calendar year of the Term shall exceed the Base Operating Expense, Tenant shall pay to Landlord Tenant’s Pro Rata Share of the increase in such Operating Expenses over the Base Operating Expense in accordance with the procedures below (“Additional Rent”). Notwithstanding the foregoing, in no event is Tenant obligated to pay any Additional Rent with respect to calendar year 1999. On or before January 1, 2000 and on or before the first day of each calendar year thereafter during the Term, Landlord shall provide to Tenant the Estimated Operating Expense Increase (defined below) for the upcoming year. In addition to the Base Rent, Tenant shall pay in advance on the first day of each calendar month during the Term, installments equal to 1/12th of Tenant’s Pro Rata Share of the Estimated Operating Expense Increase, if any. Within one hundred twenty (120) days after the end of each calendar year during the Term, Landlord shall furnish to Tenant a written detailed statement, certified by Landlord’s group controller or other Project officer knowledgeable of the facts that the statement has been prepared in accordance with this Lease, of the Actual Operating Expense Increase (hereinafter defined) for the immediately preceding calendar year, which statement shall itemize each category of Operating Expenses and set forth Landlord’s calculations of Tenant’s Pro Rata Share of the Actual Operating Expense Increase. If Tenant’s Pro Rata Share of the Estimated Operating Expense Increase paid to Landlord during the previous calendar year exceeds Tenant’s Pro Rata Share of the Actual Operating Expense Increase, then Landlord shall refund the difference to Tenant at the time Landlord furnishes the statement of the Actual Operating Expense Increase. If Tenant’s Pro Rata Share of Estimated operating Expense Increase paid to Landlord during the previous calendar year is less than Tenant’s Pro Rata Share of the Actual Operating Expen...
Sample 1
OPERATING EXPENSE REIMBURSEMENT. (a) In addition to the Base Rent required to be paid under Section 3.0 hereof and any other amounts required to be paid hereunder, Tenant shall pay to Landlord an amount equal to the sum of the payments which Tenant is obligated to make to Landlord on account of operating expenses ("Operating Expenses") pursuant to the provisions of Sections 3.1(b), 4.0 (Impositions), 5.2 (Landlord's Insurance), and 12.0 (Utilities) (each as hereinafter defined) hereof.
Sample 1
OPERATING EXPENSE REIMBURSEMENT. As reimbursement for the services that Sublandlord is obligated to provide pursuant to Section 5 hereof, beginning on the Rent Commencement Date and continuing throughout the Term, Subtenant shall pay the following amounts (the "Operating Expense Reimbursement") to Sublandlord as additional monthly rent for the Subleased Premises: Months Amount Per Month ------ ---------------- 4/1/1997-3/31/1998 $14,400 4/1/1998-3/31/1999 $14,880 4/1/1999-3/31/2000 $15,360
Sample 1
OPERATING EXPENSE REIMBURSEMENT. It is understood and agreed that the additional charges described in Article 1 and the Operating Expense Addendum (Exhibit "A") of the Lease remain in full force and effect; shall be adjusted by the total number of square feet added in the Expansion Space hereunder; and shall be readjusted when the term of the Initial Space expires. Effective September 1, 1997, the MONTHLY PAYMENT for Operating Expense Reimbursement for the Initial Space and the Expansion Space shall be Two Thousand Two Hundred Fifty Nine and 45/100 Dollars ($2,259.45) and One Thousand Four Hundred Thirty Six And 49/100 Dollars ($1,436.49), respectively.
Sample 1
OPERATING EXPENSE REIMBURSEMENT. Effective on January 1, 1998, the Tenant Percentage (as defined in the Lease) shall be decreased by subtracting therefrom the amount of three and twenty-two hundredths percent (3.22%) (i.e., the amount equivalent to Tenant's proportionate share of Operating Expenses for the Extension Space). Commencing on January 1, 1998, and continuing as long as Tenant leases the Extension Space pursuant to this Fourth Amendment or any renewal thereof, in addition to the amounts otherwise due under Paragraph 3.03 of the Lease, Tenant shall pay Landlord an Operating Expense Reimbursement (as defined in the Lease) for the Extension Space at a Tenant Percentage of three and twenty-two hundredth percent (3.22%), but such payment of the Tenant Percentage for the Extension Space shall be based on
Sample 1
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OPERATING EXPENSE REIMBURSEMENT. Pursuant to Sections 8 and 10 of the Lease agreement and Sections 3b and 3c of this Addendum to Lease in no event shall these expenses, which are to be paid by Lessee to Lessor, exceed $.20 per square foot per month during the first year of the lease term. The expenses to be paid by Lessee outlined herein will be adjusted and capped each year thereafter pursuant to the change in the Consumer Price Index per Section 2a herein with the following exception; the taxing authority assessing Lessee's lease equipment, fixtures or improvements to the Premises, other than the initial Tenant Improvements, that would be added to Lessor's property tax xxxx, or any substantial changes to the current governmental proposition 13 property tax structure which currently caps increases in property taxes at 2 % per annum for which Lessee shall be responsible for said increases above the current 2% cap.
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OPERATING EXPENSE REIMBURSEMENT payments to Seller under this Section 12.10 within ten (10) days of receiving appropriate written documentation of the underlying reimbursable expenses.
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Related to OPERATING EXPENSE REIMBURSEMENT

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

  • Operating Expenses Unless modified in accordance with Exhibit D, Landlord maintenance addendum, attached hereto, it is the intention of the parties and they hereby agree that this shall be a triple net Lease, and the Landlord shall have no obligation to provide any services, perform any acts or pay any expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises, and Tenant hereby agrees to pay one hundred percent (100%) of any and all Operating Expenses as hereafter defined for the entire term of the Lease and any extensions thereof in accordance with specific provisions hereinafter set forth. The term Operating expenses shall include all costs to Landlord of operating and maintaining the Building and related parking areas, and shall include, without limitation, real estate and personal property taxes and assessments, management fee, heating, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Building and related parking areas, unless expressly excluded from operating expenses. Notwithstanding the foregoing, operating costs (and Tenant's obligations in relation thereto) shall not include (i) any expense chargeable to a capital account or capital improvement, ground leases; principal or interest payments on any mortgage or deed of trust on the premises; (ii) any amount for which Landlord is reimbursed through insurance, by third persons, or directly by other tenants of the premises, (iii) repair costs occasioned by fire, windstorm or other casualty, (iv) any construction, repair or maintenance expenses or obligations that are the sole responsibility of Landlord (not to be reimbursed by Tenant), (v) leasing commissions and other expenses incurred in connection with leasing any other area located on the premises to any other party, (vi) any expense representing an amount paid to an affiliate or subsidiary of Landlord which is in excess of the amount which would be paid in the absence of such relationship, and (vii) costs of items and services for which Tenant reimburses Landlord or pays third persons directly.

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