Pro Rata Adjustment Sample Clauses
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Pro Rata Adjustment. Tenant shall pay to Landlord its pro rata share of the total amount of Landlord's insurance premiums, ad valorem taxes, common area maintenance charges, and/or operating expenses for any calendar year during the term hereof and during any extension of this lease. Tenant's pro rata share of such amount shall be based on the square footage contained in the Demised Premises in proportion to the square footage of the leasable area of the Property.
Pro Rata Adjustment. Tenant shall pay to Landlord as additional Rent Tenant's Pro Rata Share of the total amount of Landlord's Ad Valorem Taxes, Insurance Premiums, CAM, Operating Expenses, and/or Roof and Structural Maintenance Expenses, whichever are applicable, for every calendar year during the Lease Term and during any extension of this Lease.
Pro Rata Adjustment. If the total value of all Approved Claims exceeds the funds available for distribution to Class Members, then the amounts of the cash payments will be reduced pro rata as necessary.
Pro Rata Adjustment. If the total value of all Approved Claims exceeds the Net Settlement Amount, then the amount paid on an Approved Claim will be reduced pro rata as necessary.
Pro Rata Adjustment. If any taxation year during the Term of this Lease is less than 12 calendar months, the Tenant's Proportionate Share of Real Property Taxes shall be subject to a per diem pro-rata adjustment.
Pro Rata Adjustment a. If the Cash Payment total exceeds the Net Settlement Fund, then the Cash Payment amounts will be proportionally reduced on a pro rata basis to all Approved Claims, so that the Net Settlement Fund is not exceeded.
b. If the Net Settlement Fund is greater than the Cash Payment total, then each Cash Payment shall be proportionally increased on a pro rata basis until the Net Settlement Fund is exhausted, provided however that the Cash Payment shall not be increased to more than three times the amount of the Cash Payment amount prior to the pro rata increase (i.e., under no circumstances shall the Cash Payment for a Claim with Valid Proof of Purchase exceed ninety dollars ($90 USD) total, and under no circumstances shall a Cash Payment for a Claim without Valid Proof of Purchase exceed thirty dollars ($30 USD) total).
c. If there is still a Net Settlement Fund after reaching these maximum Cash Payment amounts for all Approved Claims, then the remaining Net Settlement Fund shall become part of the Cy Pres Contribution Amount.
Pro Rata Adjustment. If for any reason it shall become necessary to calculate any amount due under this Lease (excepting those amounts excluded from Rent pursuant to Section 3.4(b)) for an irregular period of less than one (1) year or one (1) calendar month, as the case may be, then an appropriate pro rata adjustment of such amount shall be made based on the number of days of the calendar year or the calendar month, as the case may be, in such irregular period.
Pro Rata Adjustment. Subject to the terms of this Agreement, Class Members will receive a pro rata adjustment upward or downward depending on the number of Valid Claims submitted, and the amount that remains in the Settlement Fund after payment of any Court- approved Notice and Administration Costs, Attorneys’ Fee and Expense Award, and Plaintiff’s Service Award.
Pro Rata Adjustment. On the date the amendments to the Credit Agreement set forth in Section 2 above shall become effective, the Company, without regard to the provisions of Section 4.02 of the Credit Agreement, shall have borrowed and prepaid Loans from the Banks in such amounts (and made such other adjustments, including reallocating Letter of Credit Interests held by them) as shall be necessary, so that after giving effect to such borrowing and prepayments (and adjustments), the Loans and Letter of Credit Interests shall be held by the Banks pro rata in accordance with the respective amounts of their Commitments (as increased hereby). In such connection, the company shall make any payments required to be made under Section 5.05 of the Credit Agreement as a result of any such prepayments.
Pro Rata Adjustment. Tenant shall pay to Landlord its pro rata share of the total amount of Landlord's insurance premiums, ad valorem taxes, common area maintenance charges, and/or operating expenses for any calendar year during the term hereof and during any extension of this lease. Tenant's pro rata share of such amount shall be based on the square footage contained in the Demised Premises in proportion to the square footage of the leasable area of the Property. Estimated Expenses per month: Ad Valorem Taxes $3,000.00 per month -------- Insurance Premiums $ 350.00 per month ------ Common Area Maintenance Charges $ 650.00 per month ------ Operating Expenses $4,000.00 per month -------- The above listed expenses are estimates only and the actual expenses may vary from such amounts. Tenant shall pay to Landlord its pro rata share of the actual expenses pursuant to Section 4.F. above.
