Real Estate Taxes and Operating Costs Sample Clauses

Real Estate Taxes and Operating Costs. (a) Tenant shall pay to the Landlord as Additional Rent both a pro rata portion of the “Real Estate Taxes”, as said term is hereinafter defined, and a portion of the Operating Costs as said term is hereinafter defined. In determining the Tenant’s share of any such Additional Rent, such amount shall be a fraction, the numerator of which shall be the area of the Leased Premises and the denominator of which shall be the total rentable space in the Building. For purposes of this Lease, and unless and until there is physical change in the size of the Leased Premises and/or the rentable space in the Building, the Tenant’s proportional share shall be deemed to be 22% +/- (“Tenants Proportional Share”). Tenant accepts the figures used by the Landlord for the area of the Leased Premises, the total rentable space in the Building, and Tenant’s proportional share, and waives any right to dispute these figures in the future.
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Real Estate Taxes and Operating Costs. ​ For each calendar year after the Base Year, Tenant shall pay to Landlord Tenant’s Share of the amount (if any) by which the Real Estate Taxes (as defined below) for such calendar year exceed the Real Estate Taxes for the Base Year. In addition, for each calendar year after the Base Year, Tenant shall pay to Landlord Xxxxxx’s Share of the amount (if any) by which the Operating Costs (as defined below) for such calendar year exceed the Operating Costs for the Base Year. ​ If taxes for any calendar year after the Base Year are less than the Real Estate Taxes for the Base Year, Tenant shall not receive any refunds or payments from Landlord or be entitled to any reductions of any other amounts due from Tenant under this Lease (including, without limitation, any reduction of any Operating Costs contribution due from Tenant). Likewise, if Operating Costs for any calendar year after the Base Year are less than the Operating Costs for the Base Year, Tenant shall not receive any refunds or payments from Landlord or be entitled to any reductions of any other amounts due from Tenant under this Lease (including, without limitation, any reduction of any Real Estate Taxes contribution due from Tenant). ​
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Real Estate Taxes and Operating Costs. (a) Tenant shall pay to the Landlord as Additional Rent both a pro rata portion of the "Real Estate Taxes", as said term is hereinafter defined, and a portion of the Operating Costs as said term is hereinafter defined. For purposes of this Lease, and unless and until there is physical change in the size of the Leased Premises and/or the rentable space in the Building, the Tenant's proportional share shall be deemed to be N/A ("Tenants Proportional Share"). (b) Real Estate Taxes
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Real Estate Taxes and Operating Costs. (a) Tenant shall pay to the Landlord as Additional Rent both a pro rata portion of the "Real Estate Taxes", as said term is hereinafter defined, and a portion of the Operating Costs as said term is hereinafter defined. In determining the Tenant's share of any such Additional Rent, such amount shall be a fraction, the numerator of which shall be the area of the Leased Premises and the denominator of
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Real Estate Taxes and Operating Costs. (a) Tenant will pay to the Landlord as Additional Rent, a portion of the Real Estate Taxes and a portion of the Operating Costs, both of which are to be determined as follows: (b) (i) “Real Estate Taxes” will mean and include all general and special taxes, assessments, duties and levies, charged and levied upon or assessed against the Building, the Real Property, any improvements situated on the Real Property, whether owned by Landlord or Tenant, not paid directly by the Tenant. Further, if at any time during the Term of this Lease the method of taxation of real estate prevailing at the time of execution hereof will be, or has been, altered so as to cause the whole or any part of the taxes now or hereafter levied, assessed or imposed upon real estate to be levied, assessed or imposed upon Landlord, wholly or partially, as a capital levy or otherwise, or on or measured by the rents received therefrom then such new or altered taxes attributable to the Leased Premises will be deemed to be included within the term Real Estate Taxes for purposes of this Section, save and except that such will not be deemed to include any increase in said tax not attributable to the Building.
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Real Estate Taxes and Operating Costs. 5.1 An integral part of Landlord's leasing program for the Building involves the requirement that tenants bear the administrative, operating and maintenance costs and expenses incurred each calendar year in the ownership and the operation of the Building.
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Real Estate Taxes and Operating Costs. Sublessee agrees to pay Sublessor, as Additional Rent under this Sublease, Sublessee's pro rata share, of (i) the amount by which the actual real estate taxes for the applicable fiscal year exceed the real estate taxes for the base year and (ii) the amount by which the operating expenses for the applicable operating year exceed the operating expenses for the base year. The base year shall be fiscal year 1997 for purposes of computing any increase in real estate taxes and calendar year 1997 for purposes of computing any increase in operating expenses. Sublessee's pro rata share shall equal the square footage of the Sublet Premises divided by the aggregate of all the rentable square footage (whether or not rented or improved) within the building. Sublessee shall be responsible for paying all utility charges in respect of the Sublet Premises, including without limitation any charges for electricity related to the Sublet Premises. Sublessee shall also pay to Sublessor, as Additional Rent, all charges for any additional services requested by and provided to Sublessee, including, without limitation, charges and fees for after-hours heating and air-conditioning services pursuant to Section 12 of the Lease, or as may otherwise be agreed between Sublessee and Landlord. Any Additional Rent which may be payable to Sublessor shall be apportioned during the year in which the term of this Sublease commences and during the year in which such term shall end, such that Sublessee shall be obligated to pay a proportionate share of such Additional Rent which is attributable to the number of days of their term hereof which are included in the period for which such Additional Rent is payable by Sublessor under the Lease. Sublessee shall pay Additional Rent within thirty (30) days of receipt of this statement. Sublessee's obligations to pay Additional Rent shall survive the termination of this Sublease.
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Real Estate Taxes and Operating Costs 
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Related to Real Estate Taxes and Operating Costs

  • Real Estate Taxes Real estate or ad valorem real property taxes, assessments (including installments of business improvement district charges and principal and interest installments due on any local improvement district liens, if any) and personal property taxes with respect to the Property (collectively, "Real Estate Taxes") shall be prorated based upon the latest available tax bill, such that Contributors shall be responsible for all Real Esxxxx Taxes levied against the Property for the period prior to the Adjustment Time and CBL/OP shall be responsible for all Real Estate Taxes levied against the Property for the period from and after the Adjustment Time. If the latest available tax bill is not the bill for the current tax year, then Real Estate Txxxx shall be prxxxxed based upon the latest tax information then available (including previous tax bills, current assessments and other information available from the taxing authorities) and CBL/OP and Contributors shall re-prorate the Real Estate Taxes following the Closing as soon as the current tax bill or other current information becomes available. Any increase xx Real Estate Taxes which is assessed following the Closing arising out of the sale of the Real Property to CBL/OP or a subsequent sale or change in ownership thereafter, and/or arising out of any construction or improvements to the Real Property prior to or following the Closing, shall be paid by CBL/OP when assessed. Refunds of Real Estate Taxes for the Real Estate Tax year in which the Closing occurs, net of the costs of pursuing any tax contest or protest proceedings and collecting such refunds, shall be prorated in proportion to the respective shares of such Real Estate Taxes borne by Contributors and CBL/OP hereunder. The rights of Contributors and CBL/OP to their respective shares of any refund of Real Estate Taxes shall be subject to the rights of the Tenants under the Tenant Leases in regard to Overage Rents, and any portion of any refund to which any Tenant is entitled shall be paid to CBL/OP (even if the refund pertains to a period prior to Closing) and CBL/OP covenants to promptly refund (or, in CBL/OP's case, credit) to the Tenants any refund of Real Estate Taxes due the Tenants. Notwithstanding any statement herein to the contrary, the parties agree that taxes shall be prorated on the basis that Property Owner/Contributors is/are responsible for taxes and assessments relating to periods prior to the Closing and CBL/OP is responsible for taxes and assessments relating to periods from the Closing and thereafter, and the parties further agree that this tax proration shall apply regardless of whether the taxing authority assesses taxes in arrears, currently or prospectively.

  • Operating Costs Tenant shall pay to Landlord, as Additional Rent, Tenant's Percentage of Operating Costs (as hereinafter defined) paid or incurred by Landlord with respect to the Property in any twelve-month period established by Landlord (an "Operating Year") during the term of this Lease. Except as otherwise provided in the immediately following paragraph Tenant shall pay Tenant's Percentage of Operating Costs ("Tenant's Operating Cost Obligation") to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement thereof, prepared, allocated and computed in accordance with then prevailing customs and practices of the real estate industry, consistently applied. Any year-end statement by Landlord relating to Operating Costs (other than an invoice for a monthly estimate) shall be final and binding upon Tenant unless it shall within thirty (30) days after receipt thereof, contest any item therein by giving notice to Landlord specifying each item contested and the reasons therefor. Tenant shall pay to Landlord, as Additional Rent on the first day of each calendar month during the term but otherwise in the manner provided for the payment of Annual Fixed Rent, estimated payments on account of Tenant's Operating Cost Obligation, such monthly amounts to be sufficient to provide to Landlord, by the end of each Operating Year, a sum equal to the Tenant's Operating Cost Obligation for such Operating Year, as reasonably estimated by Landlord from time to time during such Operating Year. If, at the expiration of each Operating Year in respect of which monthly installments of Operating Cost Obligation shall have been made as aforesaid, the total of such monthly remittances is greater than the Tenant's Operating Cost Obligation for such Operating Year, Landlord shall credit such overpayment against Tenant's subsequent obligations on account of Operating Costs (or promptly refund such overpayment if the term of this Lease has ended and Tenant has no further obligation to Landlord); if the total of such remittances is less than the Operating Cost Obligation for such Operating Year, Tenant shall pay the difference to Landlord within ten (10) days after being so notified by Landlord. In the event that the Commencement Date shall occur or the term of this Lease shall expire or be terminated during any Operating Year or Tenant's Percentage shall be modified during any Operating Year due to a change in the rentable area of the Building and/or the Premises or otherwise, as the case may be, then the amount of Tenant's Operating Cost Obligation which may be payable by Tenant as provided in this subsection 4.2.2 shall be pro-rated on a daily basis based on a 365 day Operating Year.

  • Operating Expenses Unless modified in accordance with Exhibit D, Landlord maintenance addendum, attached hereto, it is the intention of the parties and they hereby agree that this shall be a triple net Lease, and the Landlord shall have no obligation to provide any services, perform any acts or pay any expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises, and Tenant hereby agrees to pay one hundred percent (100%) of any and all Operating Expenses as hereafter defined for the entire term of the Lease and any extensions thereof in accordance with specific provisions hereinafter set forth. The term Operating expenses shall include all costs to Landlord of operating and maintaining the Building and related parking areas, and shall include, without limitation, real estate and personal property taxes and assessments, management fee, heating, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Building and related parking areas, unless expressly excluded from operating expenses. Notwithstanding the foregoing, operating costs (and Tenant's obligations in relation thereto) shall not include (i) any expense chargeable to a capital account or capital improvement, ground leases; principal or interest payments on any mortgage or deed of trust on the premises; (ii) any amount for which Landlord is reimbursed through insurance, by third persons, or directly by other tenants of the premises, (iii) repair costs occasioned by fire, windstorm or other casualty, (iv) any construction, repair or maintenance expenses or obligations that are the sole responsibility of Landlord (not to be reimbursed by Tenant), (v) leasing commissions and other expenses incurred in connection with leasing any other area located on the premises to any other party, (vi) any expense representing an amount paid to an affiliate or subsidiary of Landlord which is in excess of the amount which would be paid in the absence of such relationship, and (vii) costs of items and services for which Tenant reimburses Landlord or pays third persons directly.

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