Operating Expenses; Taxes. (a) Tenant agrees to reimburse Landlord throughout the Term, as “Additional Rent” hereunder, for Tenant’s Share (as defined below) of: (i) the annual Operating Expenses (as defined below) for each calendar year, or portion thereof, during the Term; and (ii) the annual Taxes (as defined below) for each calendar year, or portion thereof, during the Term. The term “Tenant’s Share” as used in this Lease shall mean the percentage determined by dividing the rentable square footage of the Premises by the rentable square footage of the Building. Landlord and Tenant hereby agree that Tenant’s Share with respect to the Premises initially demised by this Lease is the percentage amount set forth in Paragraph 7 of the Basic Lease Provisions. Tenant’s Share of Operating Expenses and Taxes for any calendar year shall be appropriately prorated for any partial year occurring during the Term.
Operating Expenses; Taxes. During the Extension Term, Tenant shall continue to pay Tenant’s Proportionate Share of Operating Expenses and Taxes, as set forth in the Lease.
Operating Expenses; Taxes. (a) This Lease is a net, net, net lease, it being the intention of the parties that Tenant shall pay as Additional Rent without offset, all costs of maintenance, taxes and other charges that are assessed or levied against the Demised Premises, including without limitation, the costs, taxes and charges set forth in this Lease during the Term. All taxes, charges, costs, municipal water and sewer charges and expenses which Tenant assumes or agrees to pay under this Lease, together with all interest and penalties that may accrue thereon in the event of Tenant’s failure to pay the same as provided herein, all other damages, costs and expenses which Landlord may suffer or incur and all other sums which may become due, by reason of any default of Tenant or failure on Tenant’s part to comply with the covenants, agreements, terms and conditions of this Lease shall be deemed to be Additional Rent.
(b) Following the submission to Tenant of an invoice that Additional Rent is due from Tenant, Tenant shall have the right to request, within thirty (30) days after Tenant’s receipt of such invoice, that Landlord provide Tenant with all documentation reasonably acceptable to Tenant to support Landlord’s notice to Tenant that Additional Rent is due from Tenant, which Landlord shall provide within thirty (30) days of Tenant’s request. Following Tenant’s receipt of such documentation, Tenant shall have the right, within thirty (30) days of receipt of such additional documentation, to conduct an inspection of Landlord’s books and records relating to same provided that such inspection shall occur at the location where Landlord maintains such books and records.
7.2. Following the Rent Commencement Date, Landlord shall be responsible to pay directly to the taxing or other municipal authority, all real estate taxes and assessments and other governmental levies and charges, general and special, ordinary and extraordinary, foreseen and unforeseen, of any kind or nature whatsoever, which are or may be assessed or imposed upon the Business or Demised Premises or any part thereof; or may become payable at any time during the term of this Lease (collectively “Taxes”). Tenant shall reimburse Landlord for the cost of Taxes pursuant to Section 7.1(b) above. If at any time during the term of this Lease, the present method of taxation shall be changed so that in lieu of the whole or any part of any taxes levied, assessed or imposed on real estate and the improvements thereon, there shall be l...
Operating Expenses; Taxes. As the Hospital Lease is a triple net lease, Buyer and Seller hereby agree and acknowledge that Hospital Tenant is liable for all expenses of the Hospital, including the payment of real and personal property taxes and assessments, and there shall be no credits or prorations at the Close of Escrow with respect to the costs and expenses associated with owning or operating the Hospital. If any such expense is not the responsibility of Hospital Tenant under the Hospital Lease, such expense shall be prorated in the same manner as provided in the preceding Section 6(a).
Operating Expenses; Taxes. (a) Tenant shall pay to the Landlord the Tenant’s Proportionate Share of the Operating Expenses (as hereinafter defined) and Taxes (as hereinafter defined) for each calendar year of the Term, plus all sales tax due thereon for each applicable portion of the Project. Tenant’s obligation to pay its Tenant’s Proportionate Share of Operating Expenses and Taxes shall commence as of the Commencement Date. Any unallocated Operating Expenses of the Project shall be allocated to Tenant and paid by Tenant in accordance with Tenant’s Proportionate Share.
Operating Expenses; Taxes. 13.1 During the first eleven (11) months of the Sublease Term consisting of the period from February 1, 1996, through and including December 31, 1996, Subtenant shall have no separate obligation to reimburse Sublandlord for any portion of the "Operating Expenses" (as defined in the Overxxxxx) xx "Property Taxes" (as defined in the Overxxxxx) xx the Base Rent during that period includes a component for such charges. The parties hereby estimate that the component charge for Operating Expenses and Property Taxes is $.65 per square foot. At the expiration of the 1996 calendar year (the "Base Year"), Sublandlord shall provide Subtenant with a statement of the Operating Expenses and Property Taxes paid by Sublandlord under the Overxxxxx xxxing the Base Year.
13.2 As used in this Sublease, the term "Calendar Year" means each period of January 1st through the following December 31st after the Base Year. Commencing with the first Calendar Year after the Base Year and continuing each Calendar Year thereafter, Subtenant shall reimburse Sublandlord for "Subtenant's Proportionate Share" (as that term is defined in Section 1.1[p] hereof) of that portion of the aggregate Operating Expenses and Property Taxes paid by Sublandlord (as tenant) to Overlandlord for that particular Calendar Year that exceeds the aggregate Operating Expenses and Property Taxes paid by Sublandlord (as tenant) to Overlandlord during the Base Year, which amount to be reimbursed to Sublandlord by Subtenant is hereinafter referred to as "Subtenant's Share of Expenses.
Operating Expenses; Taxes. Tenant will pay, as Additional Rent during the Term, in addition to Base Rent hereunder an amount equal to Tenant’s Proportionate Share of the excess of Operating Expenses and Taxes for each calendar year over Tenant’s Proportionate Share of Operating Expenses and Taxes for the Base Year (collectively, “Excess Operating Expenses and Taxes”). As used herein the terms:
Operating Expenses; Taxes. At all times after the Expansion Commencement Date, Tenant shall pay its Proportionate Share of Operating Expenses and Taxes as set forth in the Lease, but on the entire Premises.
Operating Expenses; Taxes. Until the Extension Period, Tenant shall pay its Proportionate Share of Operating Expenses and Taxes on the entire Current Premises as set forth in the Lease. During the Extension Period, Tenant shall pay its Proportionate Share of Operating Expenses and Taxes on Suite 340 as set forth in the Lease. Tenant’s Proportionate Share with respect to Suite 340 shall be 4.261% (2,728 RSF divided by the 64,016 RSF of the Building).
Operating Expenses; Taxes. At all times, Tenant shall continue to pay its Proportionate Share of Operating Expenses and Taxes on the Premises as set forth in the Lease.
