Operating Expenses and Property Taxes. Tenant shall continue to pay Tenant’s Percentage Share of Operating Expenses and Property Taxes for the First Floor Expansion Premises as provided in the Amended Lease.
Operating Expenses and Property Taxes. In addition to the Base Rental, Tenant, as additional rental, shall pay, for each calendar year during the Lease Term, Tenant's Percentage Share of the total increase, if any, in Operating Expenses for the calendar year in question over the Operating
(a) During each December of the Lease Term beginning with December 2000, or as soon thereafter as practicable, Landlord shall give Tenant written notice of its estimate of Additional Rental payable under this Section 3.3 for the ensuing calendar year. On or before the first day of each month during the ensuing calendar year, Tenant shall pay to Landlord 1/12 of such estimated amounts together with the Base Rental, provided that if such notice is not given in December Tenant shall continue to pay during the ensuing calendar year on the basis of the amounts payable during the calendar year just ended, until the month after such notice is given. If at any time or times it appears to Landlord that the actual amount payable under this Section 3.3 for the current calendar year will vary from Landlord's estimate by more than 5%, Landlord may revise, by notice to Tenant, its estimate for such year, and subsequent payments by Tenant for such year shall be based upon such revised estimate. Failure to make a revision contemplated by the immediately preceding sentence shall not prejudice Landlord's right to collect the full amounts of Additional Rental payable under this Section 3.3.
(b) Within one-hundred and twenty (120) days after the close of each calendar year during the Lease Term beginning with calendar year 2000, or as soon after such 120-day period as practicable, Landlord shall deliver to Tenant a statement of the adjustments to be made pursuant to this Section 3.3 for the calendar year just ended certified by certified public accountants designated by Landlord, and such statement shall be final and binding upon Landlord and Tenant absent manifest error. If on the basis of such statement Tenant owes an amount that is less than the estimated payments for the calendar year just ended previously made by Tenant, Landlord shall credit such excess to the next payments of Additional Rental coming due pursuant to this Section 3.3 or, if the term of this Lease is about to expire, refund such excess to Tenant if Tenant is not in default under this Lease (in the instance of an event of default such excess shall be held as additional security for Tenant's performance, may be applied by Landlord to cure any such event of def...
Operating Expenses and Property Taxes. (a) Landlord shall pay for ------------------------------------- the cost of insurance for the Building, water and sewer, elevator, maintenance management, scavenger and other services and expenses related to the Premises and the Building. Landlord shall also pay for PG&E, scavenger and janitorial for the common areas of the Building.
(b) Tenant shall be responsible for paying its proportionate share of increases in actual operating expenses and real property taxes for the Premises above a Base Year of 1996. Said increases shall not exceed ten percent (10%) in any given year. Tenant shall not be required to pay for any capital repairs or alterations other than those which may be required by applicable codes, law or regulations which become effective after lease commencement, and only then depreciated over the useful life of the repair or alteration. Tenant shall not pay operating expense and real estate tax increases until after the first anniversary of the Commencement Date of the lease. Tenant shall be entitled to review the documentation for such expenses.
Operating Expenses and Property Taxes. (a) Prior to the Expansion Premises Commencement Date, Tenant shall continue paying Tenant’s Percentage Share of Operating Expenses and Property Taxes for the Premises in accordance with Article 3 of the Lease. Effective as of the Expansion Premises Commencement Date, Tenant’s Percentage Share shall be 100%, and the definition of Operating Expenses set forth in Section 4.1(a) of the Lease shall be modified as set forth below; provided, however, during the period commencing as of the Expansion Premises Commencement Date and ending on the earlier to occur of (i) the day immediately prior to the Expansion Premises Rent Commencement Date or (ii) the date Tenant first commences business operations in any portion of the Expansion Premises, Tenant shall not be required to pay for any Operating Expenses or Property Taxes with respect to the Expansion Premises other than costs for utilities consumed and janitorial services (which shall be contracted for directly by Tenant).
(b) Effective as of the earlier to occur of (i) the Expansion Premises Rent Commencement Date, or (ii) the day Tenant first commences business operations in any portion of the Expansion Premises, and continuing throughout the Lease Term (as extended hereby), (A) Tenant shall be required to pay 100% of all Operating Expenses, Taxes and utilities serving the Premises, and (B) the definition of Operating Expenses set forth in Section 4.1(a) of the Lease is hereby deleted in its entirety and replaced with the following:
Operating Expenses and Property Taxes. 4.1 As used in this Lease, "Tenant's Percentage Share" shall mean the percentage specified in the Basic Lease Information.
Operating Expenses and Property Taxes. The Sublease shall be full service in nature. Subtenant shall be responsible for its Pro-Rata Share of building operating expenses without xxxx-up, including real estate taxes and real estate tax increases over and above the 2007 Base Year, but only to the extent such expenses apply to the term of the Sublease, are chargeable to Subtenant and the Premises pursuant to Section 4.2 of the Master Lease Agreement, as incorporated herein, and are equitably allocable to Subtenant (excluding, by way of example, charges caused solely by Sublandlord or its employees). Prior to Sublease execution, Sublandlord will provide Subtenant with the last three years’ Operating Expenses and with the 2006 projected operating expenses. For purposes of this Sublease, “Operating Expenses” shall have the same meaning as that described in the Master Lease Agreement. For purposes of this Sublease, Pro-Rata Share shall mean %.
Operating Expenses and Property Taxes. Beginning January 1, 2010, Sublessee shall pay its proportionate share of Operating Costs (which includes all real estate taxes and increases) with respect to the Subleased Premises, pursuant to the terms of the Master Lease. Such amounts shall be payable monthly to Sublessor along with Base Rent, subject to the terms of the Master Lease.
Operating Expenses and Property Taxes. Notwithstanding anything in this Termination Agreement to the contrary, Tenant shall remain liable for its obligations under the Lease arising or accruing prior to the Effective Termination Date regarding year-end adjustments with respect to Tenant’s Share of Operating Expenses (including Property Taxes) for that portion of the calendar year up to and including the Effective Termination Date but only to the extent such obligations exceed $5,000. Such amount (if owed by Tenant hereunder) shall be paid by Tenant at the time, in the manner and otherwise in accordance with the terms of the Lease, specifically Sections 4.2 and 10 of the Original Lease, unless otherwise specified herein. If, however, Tenant is owed a credit for such obligations, Landlord shall have no obligation to pay such amounts to Tenant if the Lease is terminated as provided herein unless and only to the extent such amount exceeds $5,000. At Landlord’s option, any such amounts owed to Tenant may be paid by offset against the Additional Option Consideration (as defined in the Option Agreement).
Operating Expenses and Property Taxes. The Sublease shall be full service in nature. Subtenant shall be responsible for its Pro-Rata Share of Operating Expenses without mxxx-up, increases in Real Estate Taxes over and above the 2007 Base Year, and charges for utilities, but only to the extent that such amounts (i) apply to the Sublease Term; (ii) are chargeable to Subtenant and the Premises pursuant to Section 4.2 of the Master Lease Agreement, as incorporated herein; and (iii) are equitably allocable to Subtenant (excluding, by way of example, charges caused solely by Sublandlord or its employees, and including, by way of example, one hundred percent (100%) of all charges caused solely by Subtenant or its employees). Prior to Sublease execution, Sublandlord will provide Subtenant with (i) a summary of Operating Expenses paid by Sublandlord since January 1, 2005; and (ii) the summary of 2006 projected operating expenses that Sublandlord received from Master Landlord. For purposes of this Sublease, the Pro-Rata Share of Subtenant shall mean 6.608% of the Building and 3.311% of the Complex.
Operating Expenses and Property Taxes. Lessor and Lessee acknowledge and agree that Lessee is responsible for its prorata share of all Operating Expenses, Property Taxes, Property Insurance, and all common area charges. These charges will commence June 2, 2000, and are to be paid monthly by Lessee along with the Base Rent. Lessor shall repair and maintain in good working order the roof, roof membrane, and all structural portions of the Premises and the building, the heating, ventilation, air-conditioning equipment servicing the Premises (exclusive of routine maintenance). Lessor shall provide five (5) day janitorial service.
