Pro Rata Share and Payment Sample Clauses

Pro Rata Share and Payment. The Basic Rent shall be increased or decreased by a pro rata portion of the amount by which the budgeted cost (as grossed up to 100% occupancy) determined pursuant to paragraph 3.02 above shall have increased or decreased relative to the maximum amount of costs of operation and maintenance of the Building to be borne by Landlord for the base year as set forth in paragraph 1.07 of this Lease, but in no event shall the rent be less than the Basic Rent. Tenant’s share of the increase or decrease in the budgeted costs of operation and maintenance is set forth in paragraph 1.09 and shall be a sum which bears the same ratio to the amount of such increase or decrease in the budgeted cost of operation and maintenance that the rentable square feet in the Premises bears to the total rentable square feet in the Building, excluding the parking structure. Landlord shall, within ninety (90) days after the end of each calendar year notify Tenant in writing of the actual increase or decrease in the costs of operation and maintenance for the preceding calendar year. In the event that budgeted costs are less than the actual costs of operation and maintenance set forth in paragraph 1.07, Landlord shall xxxx Tenant for its pro rata share of the deficiency, and Tenant shall pay the entire deficiency amount within thirty (30) days. In the event the actual costs are less than the budgeted costs of operation and maintenance, Landlord shall credit Tenant for its share of the overcharged amount on the next rental due date. At least thirty (30) days prior to the beginning of each calendar year, Landlord shall prepare an operating and maintenance budget for the coming year. In the event the budgeted operating and maintenance costs, as determined in accordance with paragraph 3.02, exceed the actual costs incurred in the base year as defined in Section 1.07, Tenant shall be billed, on a monthly basis, its pro rata share of the amount by which the budgeted operating and maintenance costs exceed the actual costs incurred in the base year, and the adjustment to the rent shall become effective as of the first day of the calendar year for which the budgeted costs are applicable. Tenant shall pay to Landlord on the first day of the month following such notice, and thereafter for the remainder of the calendar year the rent payments including the amount required to reimburse Landlord for Tenants share of the budgeted costs of operation and maintenance for the calendar year. If this Lease termi...
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Related to Pro Rata Share and Payment

  • Pro Rata Payments Payments to the Holders shall be pro rata with other Holders who purchased Notes in the same offering, based on the Principal Amount of each such Note. If a Holder receives a payment in excess of his, her, or its pro rata share, the excess shall be deemed to be held in trust for the benefit of other Holders.

  • Pro Rata Share A Participation Rights Holder’s “Pro Rata Share” for purposes of the Right of Participation is the ratio of (a) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such Participation Rights Holder, to (b) the total number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) then outstanding immediately prior to the issuance of New Securities giving rise to the Right of Participation.

  • Measurement and Payment Temporary traffic control work, including, but not limited to installation and removal of portable signs, cones, drums, skinny drums, flaggers, AFAD’s, changeable message boards, truck mounted attenuators, flashing arrow boards, and pilot vehicles will be paid at the contract lump sum price for

  • Rent and Payment Rent is due and payable in advance on the first day of each Rent Interval at the address specified in Lessor's invoice. Interim Rent is due and payable when invoiced. If any payment is not made when due, Lessee will pay a Late Charge on the overdue amount. Upon Lessee's execution of each Schedule, Lessee will pay Lessor the Advance specified on the Schedule. The Advance will be credited towards the final Rent payment if Lessee is not then in default. No interest will be paid on the Advance.

  • Consideration and Payment The purchase price for the sale of the Purchased Assets sold to the Purchaser on the Closing Date shall equal the estimated fair market value of the Purchased Assets. Such purchase price shall be paid in cash to Santander Consumer in an amount agreed to between Santander Consumer and the Purchaser, and, to the extent not paid in cash by the Purchaser, shall be paid by a capital contribution by Santander Consumer of an undivided interest in such Purchased Assets that increases its equity interest in the Purchaser in an amount equal to the excess of the estimated fair market value of the Purchased Assets over the amount of cash paid by the Purchaser to Santander Consumer.

  • Notice and Payment A. Any notice required to be given under this Agreement shall be in writing and delivered personally to the other designated party at the above stated address or mailed by certified, registered or Express mail, return receipt requested or by Federal Express. B. Either party may change the address to which notice or payment is to be sent by written notice to the other under any provision of this paragraph.

  • Purchase Price and Payment The total Purchase Price for the Property is the amount of the successful bid for the Cabin/Home Site at public auction plus the Maximum Value of the Personal Property.

  • Costs and Payments During the period that Sprint PCS is curing a breach or operating the Service Area Network under this Section 11.6.3, Sprint PCS and Manager will continue to make any and all payments due to the other party and to third parties under this agreement, the Services Agreement and any other agreements to which such party is bound, except that Sprint PCS may deduct from its payments to Manager all reasonable costs and expenses incurred by Sprint PCS in connection with the exercise of its right under this Section 11.6.3. Sprint PCS' operation of the Service Area Network pursuant to this Section 11.6.3 is not a substitution for Manager's performance of its obligations under this agreement and does not relieve Manager of its other obligations under this agreement.

  • Pro Rata Shares All Loans shall be made, and all participations purchased, by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby nor shall any Term Loan Commitment or any Revolving Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby.

  • Sale and Payment Under this agreement, the following provisions shall apply with respect to the sale of and payment for Series shares: (a) The Distributor shall have the right, as principal, to purchase Series shares from the Trust at their net asset value and to sell such shares to the public against orders therefor at the applicable public offering price, as defined in Section 4 hereof. The Distributor shall also have the right, as principal, to sell shares to dealers against orders therefor at the public offering price less a concession determined by the Distributor. (b) Prior to the time of delivery of any shares by the Trust to, or on the order of, the Distributor, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in Boston or New York clearing house funds equal to the applicable net asset value of such shares. The Distributor shall retain so much of any sales charge or underwriting discount as is not allowed by it as a concession to dealers.

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