Tenant Payments. Commencing on the Commencement Date and continuing until the expiration of the first Lease Year, Tenant shall pay to Landlord a fee (which Landlord estimates, without warranty, to be $1.66 per square foot of ground-floor gross leasable area in the Building per annum), payable in equal monthly installments, as its share of CAM Charges. Thereafter, the annual charge shall be computed on the basis of periods of twelve (12) consecutive calendar months, as designated by Landlord (each such period is a "CAM Year"), and shall be paid by Tenant in equal monthly installments, in advance, on the first day of each month during such CAM Year. For any period within the Term which is less than a full CAM Year, the annual charge shall be appropriately prorated. Within sixty (60) days after the end of the first CAM Year and each CAM Year thereafter, Landlord will furnish to Tenant a statement showing in detail (with such substantiating documentation as Tenant may reasonably request) the amount of the CAM Charges for the preceding CAM Year and the then-current number of square feet of ground-floor gross leasable area in the Shopping Center. Any necessary adjustment with respect to amounts owed by either party for such preceding CAM Year shall thereupon be made; and the monthly payments to be made by Tenant for the ensuing year shall be estimated according to the Common Area maintenance budget prepared by Landlord and delivered to Tenant. Subject to adjustments as herein contemplated, Tenant's share of CAM Charges shall always be the product of the CAM Charges multiplied by a fraction (such fraction being referred to herein as "Tenant's Pro Rata Share"), the numerator of which is the number of square feet of the ground-floor gross leasable area in the Building and the denominator of which is the number of square feet of the ground-floor gross leasable area (excluding the area of any outside sales area exclusive to a single occupant, except to the extent said sales area is included in the calculation of such occupant's pro rata share of CAM Charges) in the Shopping Center. Notwithstanding the foregoing, as of the date hereof, Tenant acknowledges that Landlord is obligated, for purposes of calculating "proportionate share" hereunder, to use 103,904 square feet as the gross leasable area for Building "H", should Landlord be able to modify the lease pertaining to said Building "H" or otherwise collect rent based upon the actual square footage of said building (e.g., 112,904 squ...
Tenant Payments. If for any reason (such as change orders to the TI Construction Contract arising from changes under Paragraph 16 below or the costs of the TI Work) the Cash Allowance and Construction Payment are not adequate to make all required payments, Tenant shall deposit with Landlord within fifteen (15) days after billing by Landlord such additional required amount. If for any reason the Construction Payment is not fully utilized to make all required payments, Landlord shall, upon completion of the TI Work, refund to Tenant any unused portion of the Construction Payment. Landlord shall be entitled to suspend or terminate construction of the TI Work and to declare Tenant in default in accordance with the terms of the Lease if payment by Tenant of any undisputed amounts required to be paid by Tenant under this Exhibit C are not paid when due and such failure continues for a period of five (5) days after Tenant received written notice of the alleged default. Tenant shall provide to Landlord copies of each draw request submitted by the TI Contractor, together with any back-up information provided therewith. Tenant shall also provide to Landlord on a continuous basis copies of any progress reports submitted by the TI Contractor, showing costs incurred to date, percentage completion, retainage amounts and similar matters. Tenant in good faith shall take into account and consideration any concerns and objections to status, quality, percentage completion and similar matters raised by Landlord and communicated to Tenant in writing. The Tenant’s Architect shall be responsible for timely completing and delivering to Landlord and the TI Contractor all completion certificates required for payments under the TI Construction Contract and Tenant’s contract with the Tenant’s Architect shall so provide.
Tenant Payments. All such insurance described in this Article X shall be kept in full force throughout the Term of this Lease, and any amounts paid therefor by Landlord (hereinafter referred to as, the "Insurance Premiums") shall be payable by Tenant as Additional Rent in accordance with Sections 6.4. and 6.6. hereof.
Tenant Payments. If Landlord estimates that the total cost of the Refurbishment Work (the “Estimated Total Cost”) will exceed the Landlord’s Contribution, Landlord shall notify Tenant in writing of Landlord’s good faith estimate of such excess (the “Estimated Excess Cost”). Tenant shall pay to Landlord within five (5) business days of receipt of an invoice describing in reasonable detail the actual cost of the Refurbishment Work incurred in respect of the period for which such invoice is delivered (the “Periodic Invoice Cost”), its Percentage Share of such Periodic Invoice Cost. As used herein, the term “Percentage Share” shall mean the percentage determined by: (i) dividing the Estimated Excess Cost by the Estimated Total Cost; and (ii) multiplying such number by one hundred (100). The failure by Tenant to make such payment within such five (5) business day period shall constitute a Default under the Lease without the requirement of notice. Such payments by Tenant shall be applied by Landlord towards such Period Invoice Cost. Following substantial completion of the Refurbishment Work, if the total cost of the Refurbishment Work exceed the sum of Landlord’s Contribution actually disbursed or required to be disbursed by Landlord and the amounts previously paid by Tenant towards all such Periodic Invoice Costs, then Tenant shall pay to Landlord such excess within fifteen (15) days after billing by Landlord. All other amounts payable by Tenant pursuant to the provisions of this Paragraph 8, if any, shall be paid by Tenant within fifteen (15) days after billing by Landlord.
Tenant Payments. Tenant shall pay to Landlord monthly fifty percent (50%) of the total amount of Tenant Improvements Costs invoices approved by Tenant for payment for such month until such time as Tenant has paid a total of Thirty-Five Dollars ($35.00) per square foot. Tenant shall have no further obligation to make payments for Tenant Improvements Costs unless and until the total amount of Tenant Improvements Costs invoices approved by Landlord for payment exceed One Hundred Five Dollars ($105.00) per square foot. In such event, Tenant shall pay Landlord monthly one hundred percent (100%) of the total amount of Tenant Improvements Costs invoices approved by Tenant for payment for such month after the total Tenant Improvements Costs exceed One Hundred Five Dollars ($105.00) per square foot. Each month, Landlord shall deliver to Tenant a copy of Landlord’s check evidencing payment to the Contractor, together with a statement from Landlord setting forth the amount of such invoices which is due from Tenant. Landlord may deliver such documents to Tenant by telecopy. Tenant shall pay to Landlord the amount shown on Landlord’s statement not later than the tenth (10th) business day following Tenant’s receipt of the statement. Statements sent by telecopy shall be deemed to be received on the date upon which such statements are sent to Tenant.
Tenant Payments. On the Final Closing Date or as soon as reasonably practicable thereafter, Seller shall deliver to Purchaser billing information for the following charges payable by tenants of the Property or the operator of the Parking Improvements, as applicable:
(a) charges for water, sewer, electricity, gas, fuel and other utility charges, which shall be read on January 31, 2013 by Seller;
(b) parking charges for the month of January, 2013 owed to Seller by the operator of the Parking Improvements; and
(c) any charges billed to tenants for any tenant work orders during the month of January, 2013. Purchaser will (i) promptly xxxx tenants for such charges, and (ii) promptly following receipt of payments for any of such charges, promptly remit such payments to Seller.
Tenant Payments. Landlord and Tenant shall make progress payments --------------- on a pro rata basis (in the proportion that the Landlord's Contribution and the Construction Payment bear to the total cost for constructing the Tenant Improvements) from time to time as the Tenant Improvements are constructed or as other cost related to the Tenant Improvements are incurred. Tenant shall pay to Landlord its pro rata share within 10 days after billing by Landlord of any progress payment, and Landlord shall pay its pro rata share and Tenant's share of any progress payments directly to the general contractor or subcontractors, as appropriate. Landlord shall be entitled to suspend or terminate construction of the Tenant Improvements and to declare Tenant in default in accordance with the terms of the Lease, if payment by Tenant of its pro rata share of any progress payment has not been received by Landlord within the timeframe specified above.
Tenant Payments. Upon the occurrence of an Event of Default by Tenant with respect to which Landlord elects to either terminate this Lease or terminate Tenant's possession of the Project without terminating this Lease (and without limiting Tenant's obligations provided elsewhere in this Lease, including under SUBSECTION 16.2(D) below) and until Landlord relets the Project, Tenant shall pay to Landlord, by the first day of each calendar month, the amount owed by Tenant under this Lease. After the Project has been relet by Landlord, Tenant shall pay to Landlord, on the 20th day of each calendar month, the difference between the amount owed by Tenant under this Lease and the amount actually collected by Landlord for that month. If Landlord brings suit to collect a deficiency, Landlord may allow the deficiency to accumulate and may bring an action on several or all of the accrued deficiencies at one time. No suit shall prejudice Xxxxxxxx's right to bring a similar action for any deficiency or deficiencies that arise later. Any amount collected by Landlord for any calendar month from subsequent tenants which exceeds the amounts owed by Xxxxxx shall be credited to reduce Tenant's future liability in a calendar month for which the amount collected by Landlord is less than the amount owed by Xxxxxx, as Xxxxxx's sole right to that excess.
Tenant Payments. All such insurance described in Section 9.5 shall be kept in full force throughout the Term of this Lease, and any amounts paid therefor by Landlord (hereinafter collectively referred to as "Insurance Premiums") shall be payable by Tenant, as Additional Rent, in accordance with Sections 6.4. and 6.6. hereof.
Tenant Payments. Tenant covenants and agrees to pay Landlord as rental for the Premises Rent In accordance with the provisions set forth hereinbelow. Tenant further covenants and agrees to pay, as hereinafter set forth, common area costs and expenses, taxes, insurance costs, promotional costs, late charges, and other charges required to be paid by Tenant by the provisions of this Lease, all of which are hereinafter sometimes collectively referred to as "Common Area Costs" and shall not be deemed a part of Rent hereunder. Common Area Costs shall for the purposes of the default provisions hereof, be deemed Additional Rent due from Tenant and any default in the prompt payment thereof shall entitle Landlord to exercise any or all of the remedies provided for herein and at law or at equity, on account of Tenant's failure to pay Rent. It is further agreed that Common Area Costs shall not be deemed Rent as that term is construed relative to government wage, price and rent control or analogous governmental actions affecting the amount of Rent which Landlord may charge Tenant. For the purposes of this Lease, the term Tenant's Proportionate Share shall mean (for each calendar year during the Term of this Lease during which Tenant Is required to make a specified payment of Common Area Costs, taxes, or Insurance costs) that fraction the numerator of which is the Area of the Premises and the denominator of Which Is the total rentable areas of all buildings forming the Shopping Center.
