STATEMENT OF OPERATING EXPENSES Sample Clauses

STATEMENT OF OPERATING EXPENSES. (1) Prior to December 1st of a particular calendar year, Landlord shall make a reasonable estimate of the Operating Expenses for the next calendar year (the “Expense Estimate”), and will furnish Tenant a written statement setting forth in reasonable detail the estimate of those Operating Expenses (the “Expense Notice”). For each calendar month of that next calendar year (beginning with January 1st after the date of the Expense Notice), Tenant shall pay to Landlord, as Additional Rent hereunder, one-twelfth (1/12th) of Tenant’s Pro Rata Share of the Expense Estimate (the “Tenant’s Monthly Share”) in advance, without deduction, set off or demand on the 1st day of each calendar month with Tenant’s payment of Basic Monthly Rental.
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STATEMENT OF OPERATING EXPENSES. (1) Prior to December 1st of a particular calendar year, Landlord shall make a reasonable estimate of the Operating Expenses for the next calendar year (the “Expense Estimate”), and will furnish Tenant a written statement setting forth in reasonable detail the estimate of those Operating Expenses (the “Expense Notice”). As of the execution date of this Lease, Landlord’s estimate of Operating Expenses are as set forth in Exhibit “G”, _____ attached hereto and made a part hereof. For each calendar month of that next calendar year (beginning with January 1st after the date of the Expense Notice), Tenant shall pay to Landlord, as Additional Rent hereunder, one-twelfth (l/12th) of Tenant’s Pro Rata Share of the Expense Estimate (the “Tenant’s Monthly Share”) in advance, without deduction, set off or demand on the 1st day of each calendar month with Tenant’s payment of Basic Monthly Rental.
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STATEMENT OF OPERATING EXPENSES. Landlord shall submit to Tenant a statement setting forth Landlord's determination of (i) the actual Operating Expenses; (ii) Tenant's proportionate share of such amounts; (iii) Tenant's net obligation for such Operating Expenses for the calendar year ("Tenant's Net Obligation") which reflects the credit of Tenant's Estimated Payments during the prior calendar year ("Tenant's Net Credit"), and (iv) the amount, if any, that the Tenant's Net Credit exceeds the Tenant's Net Obligation. Within thirty (30) days after the delivery of such statement (including any statement delivered after the expiration or earlier termination of this Lease or the early termination of Tenant's right to occupy the Premises), Tenant shall pay Landlord the full stated amount of Tenant's Net Obligation. Tenant's obligation to pay the full stated amount of Tenant's Net Obligation shall survive the expiration or earlier termination of this Lease or the early termination of Tenant's right to occupy the Premises. If the aggregate amount of Tenant's Estimated Payments. during the prior calendar year exceeds Tenant's proportionate share of the actual Operating Expenses for that calendar year, the excess shall, at Landlord's option, either be refunded to Tenant or credited to Tenant's next payment of Rent, until such-excess is fully refunded or credited to Tenant.
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STATEMENT OF OPERATING EXPENSES. Landlord shall have available for inspection by Tenant during normal business hours a written statement showing in reasonable detail Landlord's actual Operating Expenses for the previous twelve (12) month period which shall be retained for a period of twenty-four (24) months after the calendar year in question pursuant to which the notice referred to in Section 3.02 (c) has been given. Xxxxxxxx agrees that Tenant, its accountants and authorized representatives at Tenant's expense shall have the right within two (2) years after the close of each calendar year to audit all of the books and records of Landlord relating to Operating Expenses for the calendar year in question. Any such audit shall be performed in Xxxxxxxx's office during Landlord's normal business hours. If such audit shows that Operating Expenses attributable to Tenant for the calendar year were overstated by more than five percent (5%), then Landlord shall reimburse Tenant for its Proportionate Share of such overstated amount and the reasonable costs of the audit. If the overstatement is five percent (5%) or less, Landlord shall reimburse Tenant for its Proportionate Share of such overstated amount.
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STATEMENT OF OPERATING EXPENSES. On or before the end of the ------------------------------- ninety (90) day period following January 1 of each calendar year or portion thereof for which Tenant has made estimated payments of or is liable for any Operating Expenses, Landlord shall furnish Tenant a statement with respect to such year showing Tenant's Share of Operating Expenses, and the total payments made by Tenant. Unless Tenant raises any objections to Landlord's statement within two (2) years after receipt of the same, such statement shall conclusively be deemed correct and Tenant shall have no right thereafter to dispute such statement or any item therein or the computation of Operating Expenses or Tenant's Share of Operating Expenses in such statement. Any amounts due Landlord or Tenant shall be paid in the manner set forth below. Landlord shall keep at Landlord's headquarters or at its property manager's office accurate and separate books of account and records for Operating Expenses. Tenant may, upon ten (10) days advance notice to Landlord, and no more than twice each calendar year during business hours and on the day(s) specified by Landlord, inspect such books and records at Tenant's sole cost.
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STATEMENT OF OPERATING EXPENSES 
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Related to STATEMENT OF OPERATING EXPENSES

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Definition of Operating Expenses (a) Subject to the exclusions and provisions hereinafter contained, the term "

  • Tenant’s Share of Operating Expenses Tenant shall pay Tenant’s Share of Operating Expenses in the respective shares of the respective categories of Operating Expenses as set forth below.

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Ordinary Operating Expenses For purposes of this Agreement, Ordinary Operating Expenses means all expenses of the Funds other than extraordinary expenses, such as litigation, taxes and brokerage commissions.

  • Total Operating Expenses All costs and expenses paid or incurred by the Company, as determined under GAAP, that are in any way related to the operation of the Company or its business, including the Advisory Fee, but excluding (i) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and taxes incurred in connection with the issuance, distribution, transfer and registration of securities, (ii) interest payments, (iii) taxes, (iv) non-cash expenditures such as depreciation, amortization and bad debt reserves, (v) incentive fees paid in compliance with the NASAA REIT Guidelines; (vi) acquisition fees and Acquisition Expenses, (vii) real estate commissions on the sale of Real Property, and (viii) other fees and expenses connected with the acquisition, disposition, management and ownership of real estate interests, mortgages or other property (including the costs of foreclosure, insurance premiums, legal services, maintenance, repair, and improvement of property). The definition of “Total Operating Expenses” set forth above is intended to encompass only those expenses which are required to be treated as Total Operating Expenses under the NASAA REIT Guidelines. As a result, and notwithstanding the definition set forth above, any expense of the Company which is not part of Total Operating Expenses under the NASAA REIT Guidelines shall not be treated as part of Total Operating Expenses for purposes hereof. 2%/25% Guidelines. 2%/25% Guidelines shall have the meaning set forth in Section 14.

  • Statement of Estimated Direct Expenses In addition, Landlord shall give Tenant a yearly expense estimate statement (the “Estimate Statement”) which shall set forth Landlord’s reasonable estimate (the “Estimate”) of what the total amount of Direct Expenses for the then-current Expense Year shall be and the estimated Tenant’s Share of Direct Expenses (the “Estimated Direct Expenses”). The failure of Landlord to timely furnish the Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect any Estimated Direct Expenses under this Article 4, nor shall Landlord be prohibited from revising any Estimate Statement or Estimated Direct Expenses theretofore delivered to the extent necessary. Thereafter, Tenant shall pay, with its next installment of Base Rent due that is at least thirty (30) days thereafter, a fraction of the Estimated Direct Expenses for the then-current Expense Year (reduced by any amounts paid pursuant to the last sentence of this Section 4.4.2). Such fraction shall have as its numerator the number of months which have elapsed in such current Expense Year, including the month of such payment, and twelve (12) as its denominator. Until a new Estimate Statement is furnished (which Landlord shall have the right to deliver to Tenant at any time), Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to one-twelfth (1/12) of the total Estimated Direct Expenses set forth in the previous Estimate Statement delivered by Landlord to Tenant.

  • Expense Statements The Contractor may incur expenses in the name of the Company as agreed in advance in writing by the Company, provided that such expenses relate solely to the carrying out of the Services. The Contractor will immediately forward all invoices for expenses incurred on behalf of and in the name of the Company and the Company agrees to pay said invoices directly on a timely basis. The Contractor agrees to obtain approval from the Company in writing for any individual expense of $1,000 or greater or any aggregate expense in excess of $1,000 incurred in any given month by the Contractor in connection with the carrying out of the Services.

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