Operating Expense Rent. For purposes of this Lease:
Operating Expense Rent. Commencing on the first day of the calendar year following the Base Year, Tenant shall pay Tenant's Percentage Share, as defined in the Schedule, of the Operating Expenses ("Operating Expense Rent") paid or incurred by Landlord in each calendar year of the Lease Term in excess of the Operating Expenses of the Base Year as set forth in the Schedule of Terms. Operating Expense Rent, except Real Estate Taxes and insurance premiums, shall be limited to an increase of five percent (5%) annually.
Operating Expense Rent. In addition to Basic Rent, Percentage Rent (if any) and Additional Rent, Tenant shall pay Tenant's "Percentage Share" (defined at Paragraph 51.5 below), of the Operating Expenses paid or incurred by Landlord in such year (110perating Expense Rent"). In addition to Operating Expense Rent, 'renant shall also pay to Landlord an achninistrative charge equal to 15% of the Operating Expense Rent, to be paid concurrently with Tenant1s payment of Operating Expense Rent. The Operating Expense Rent, as set fo11h in the Building Lease, excluding any costs incurred by the Landlord fOr real estate taxes and insurance for the Building, security, electricity and other non controllable expenses shall be referred to as "Capped Operating Expense Rent". In the event the Capped Operating Expense Rent shall increase by an amount greater than five percent (5%) ctunulative in any given lease year, Tenant shall not be obligated to pay for the additional amount in excess of five percent (5%). l'enant shall be liable for all increases in real estate taxes and insurance, security, electricity and other non-conh ollable costs regardless of whether or not they increase by more than five percent (5o/o}.
Operating Expense Rent. This is a triple-net lease. Subject to the provision below concerning expenses on parking lots, roof and structure in excess of $10,000, in addition to the payment of Annual Base Rent, Tenant shall pay any and all property and maintenance costs and all operating expenses, taxes, and insurance attributable to the Premises ("Operating Expense Rent"), whether directly under Section 3 or under Section 4 or by reimbursing Landlord or some combination thereof.
Operating Expense Rent. Tenant shall pay Operating Expense Rent as provided in Article 8.
Operating Expense Rent. Notwithstanding anything to the contrary, the intent of the parties is that no additional Operating Expense Rent will apply to the Lessee during the Lease Term or the Extension Term as defined and subject to the terms and conditions in Rider I, if applicable. Operating Expense Rent is not applicable during the Initial Lease Term or the Extension Term, during which Lessee shall be responsible only for Base Rent. For purposes of determining the fair market rental value for the Extension Term in accordance with Rider I, however, Lessee and Lessor agree to take into account the Operating Expense Rent that would be attributable to the Premises. For each calendar year following the Base Year, an amount (“Expense Rent”) equal to the product of
(i) the difference (but not less than zero) between (A) the Basic Costs per square foot of Rentable Area of the Building for such year, less (B) Basic Costs per square foot of Rentable Area of the Building for the Base Year, and
(ii) the Rentable Area of the Premises.
Operating Expense Rent. Tenant ’ s Percentage Share of Operating Expenses. The estimated monthly charge for Operating Expense Rent during calendar year 2014 is S4.50 per rentable square foot (which estimated amount excludes utility charges since all utilities to the Premises are separately metered). Operating Expense Rent is due as of the Rent Commencement Date of this Lease. See Paragraph 5.
Operating Expense Rent. From and after the Expansion Premises Commencement Date and continuing during the Extension Term, Lessee’s obligation to pay Operating Expense Rent in accordance with Section 3b of the Lease shall include the square footage of both the Existing Premises and the Expansion Premises, and shall otherwise be payable in accordance with Section 3b of the Lease.
Operating Expense Rent. (i) "Appropriate Expense Information" shall mean the actual operating expenses (other than ad valorem taxes) of the applicable Office Building for the period October 1, 1996 through September 30, 1997 and the actual ad valorem taxes which are assessed against said Office Building for 1997; (ii) "Operating Expense Rent" means sums paid by a tenant based upon its share of the operating expenses of a Property or the estimated share of operating expenses (including taxes); and (iii) "Seller's Share" shall be a fraction, the numerator of which shall be number of days from and after January 1, 1997 through the Closing Date and the denominator of which shall be 365. If based upon the Appropriate Expense Information, Purchaser reasonably determines that the Operating Expense Rent paid by any tenants of an Office Building will exceed the operating expenses to be passed through to the tenants of that Office Building (as of the Closing Date, hereafter called "Affected Tenants") for the calendar year 1997 and will require a refund or credit to the Affected Tenants of the excess Operating Expense Rent, Purchaser shall deliver written notice ("Adjustment Notice") to Seller on or before October 31, 1997 ("Operating Expense Adjustment Deadline") together with such information as may be reasonably required to substantiate Purchaser's position. Unless Seller delivers written notice ("Operating Expense Objection") to Purchaser within ten (10) days after delivery of the Adjustment Notice, Seller shall promptly pay
Operating Expense Rent. The estimated Operating Expense Rent shall initially be $8.57 per RSF per year, which is equivalent to $1156.24 per month for the Premises, plus any applicable taxes. The Operating Expense Rent is subject to adjustment from time to time as hereinafter set forth.
