Common use of Overage Rents Clause in Contracts

Overage Rents. (a) With respect to any Lease that provides for the payment of (i) additional rents which are calculated as a percentage of the tenant's sales or gross sales (net of certain agreed-upon deductions), (ii) so-called common area maintenance or "cam" charges, (ii) so-called "escalation rent" or additional rent based upon increases in real estate taxes or operating expenses or labor costs or cost of living or xxxxxx'x wages or otherwise (such percentage rent, cam charges, escalation rent and additional rent being collectively called "OVERAGE RENTS"), such Overage Rents shall be adjusted and prorated on an if, as and when collected basis.

Appears in 1 contract

Samples: Sale Purchase Agreement (Wellsford Real Properties Inc)

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Overage Rents. (a) With respect to any Space Lease that provides for (i) the payment of (i) additional rents which are calculated as rent based upon a percentage of the tenant's sales business during a specified annual or gross sales other period (net of certain agreed-upon deductionssometimes referred to as "percentage rent"), (ii) so-called common area maintenance or "camCAM" charges, charges or (iiiii) so-called "escalation rent" or additional rent based upon increases in real estate taxes or operating expenses or labor costs or cost of living or xxxxxx'x porter's wages or otherwise otherwisx (such xxxx percentage rent, cam CAM charges, escalation rent and additional rent being collectively called "OVERAGE RENTSOverage Rent"), such Overage Rents Rent shall be adjusted and prorated on an if, as and when collected basis.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (HRPT Properties Trust)

Overage Rents. (a1) With respect to any Lease that provides for (i) the payment of (i) additional rents which are calculated as rent based upon a percentage of the tenant's sales business during a specified annual or gross sales other period (net of certain agreed-upon deductionssometimes referred to as "percentage rent"), (ii) so-called common area maintenance or "cam" charges, charges or (iiiii) so-called "escalation rent" or additional rent based upon increases in real estate taxes or operating expenses or labor costs or cost of living or xxxxxx'x porter's wages or otherwise (such sxxx percentage rent, cam charges, escalation rent and additional rent being collectively called "OVERAGE RENTS"), such Overage Rents shall be adjusted and prorated on an if, as and when collected basis.

Appears in 1 contract

Samples: Sale Purchase Agreement (Wellsford Real Properties Inc)

Overage Rents. (a) With respect to any Space Lease that provides for (i) the payment of (i) additional rents which are calculated as rent based upon a percentage of the tenant's sales business during a specified annual or gross sales other period (net of certain agreed-upon deductionssometimes referred to as "percentage rent"), (ii) so-called common area maintenance or "camCAM" charges, charges or (iiiii) so-called "escalation rent" or additional rent based upon increases in real estate taxes or operating expenses or labor costs or cost of living or xxxxxx'x wages or otherwise (such percentage rent, cam CAM charges, escalation rent and additional rent being collectively called "OVERAGE RENTSOverage Rent"), such Overage Rents Rent shall be adjusted and prorated on an if, as and when collected basis.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Shopco Regional Malls Lp)

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Overage Rents. (a) With respect to any Lease that provides for (i) the payment of (i) additional rents which are calculated as rent based upon a percentage of the tenant's sales business during a specified annual or gross sales other period (net of certain agreed-upon deductionssometimes referred to as "percentage rent"), (ii) so-called common area maintenance or "cam" charges, charges or (iiiii) so-called "escalation rent" or additional rent based upon increases in real estate taxes or operating expenses or labor costs or cost of living or xxxxxx'x wages or otherwise (such percentage rent, cam charges, escalation rent and additional rent being collectively called "OVERAGE RENTS"), such Overage Rents shall be adjusted and prorated on an if, as and when collected basis.

Appears in 1 contract

Samples: Sale Purchase Agreement (Wellsford Real Properties Inc)

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