Tenant’s Additional Rental. For purposes of this Lease, “Tenant’s Additional Rental” shall, subject to Article 6, mean for each calendar year, the Operating Expenses multiplied by a fraction, the numerator of which is the Net Rentable Area within the Demised Premises and the denominator of which is the Net Rentable Area of the Building.
Tenant’s Additional Rental. Tenant shall pay to Landlord Tenant's Additional Rental as to the Expansion Space in accordance with the provisions of Section 2.3 of the Lease. As provided in the Lease, the Base Operating Expenses Amount as to the Expansion Space shall be the Operating Expenses Amount for the calendar year 1998.
Tenant’s Additional Rental. As of the Effective Date, clauses (i) and (ii) of Article 8(b) of the Lease are hereby deleted and the following clauses (i) and (ii) are substituted in lieu thereof:
Tenant’s Additional Rental. Tenant's Additional Rental" for each calendar year means the Operating Expenses Increase for such year multiplied by the Net Rentable Area within the Leased Premises. "Operating Expenses Increase" means the positive difference, if any, between the Operating Expenses Amount (as defined below) and the Base Operating Expenses Amount (as defined below). "Operating Expenses Amount" means an amount equal to the amount of Operating Expenses (as defined below) for such year divided by the greater of ninety-five percent (95%) of the total Net Rentable Area of the Building or the total Net Rentable Area of space actually leased in the Building for the applicable year. "Base Operating Expenses Amount" means the Operating Expenses Amount for the calendar year 1998.
Tenant’s Additional Rental. Section 7(b) of the Lease is hereby amended so that Tenant’s Share of Operating Expenses shall be defined as Tenant’s Share of the total dollar increase, if any, in Operating Expenses paid or incurred by Landlord in each calendar year over the Operating Expenses paid or incurred by Landlord in the calendar year 2005 (the “Base Year”). Notwithstanding the foregoing, Landlord shall limit the Operating Expenses effective 9/1/2004 through 12/31/2005 at an annual rate of $7.00/square foot, and for subsequent years during the term of the lease, Landlord shall limit annual increases to Operating Expenses to 3%, except as provided herein. Landlord’s limit of Operating Expenses shall not include electrical costs, real estate taxes or insurance expense and any other expenses outside the reasonable control of Landlord (the “Excluded Operating Expenses”), however, such Excluded Operating Expenses shall be limited to actual expenses as reasonably incurred by the Landlord in the normal operation of the Building and the Property.
Tenant’s Additional Rental. Landlord shall have the right to estimate in good faith and collect monthly in advance from Tenant the escalations of Base Operating Expense Amount owed or to be owed by Tenant, said monthly payments (the "Monthly Escalation Payments") to be in such amounts as are estimated in good faith by Landlord in its sole discretion. The Monthly Escalation Payments shall be due and payable at the same time as the Base Rental is due and payable. Landlord shall, within the period of one hundred twenty (120) days after the close of each calendar year and after the termination of this Lease (Landlord and Tenant agree that the provisions of this Section 2.3 shall survive the termination of this Lease), for which Additional Rent may be due, give written notice thereof to Tenant, which notice shall also contain or be accompanied by a statement of the actual operating cost of Landlord's operation of the Project during the preceding calendar year and by a computation of such Additional Rent. Failure of Landlord to give Tenant said notice within such time period shall not constitute a waiver of Landlord's right to collect said Additional Rent; provided, however, that failure of Landlord to give Tenant said notice within two hundred seventy (270) days after the close of the calendar year in question shall constitute a waiver of Landlord's right to collect such Additional Rent. When Landlord presents Tenant with the statements of amounts due from Tenant for any escalation, Tenant shall pay Landlord within sixty (60) days the difference between proportionate share of Tenant's such escalation and the amount of Monthly Escalation Payments actually made by Tenant during the preceding calendar year, attributable to said escalation; or Tenant shall receive a credit therefor if Tenant's proportionate share is less than the amount of Monthly Escalation Payments actually collected by Landlord during the preceding calendar year, said credit to be applied to future Monthly Escalations Payments. If Tenant is due a credit under the preceding sentence for the last year of the Term, Landlord shall, within sixty (60) days after the amount of actual Operating Expenses are known or readily ascertainable, deliver a sum of money equal to such credit to Tenant in lieu of such credit. Tenant's Additional Rental for each calendar year shall equal the product of the Excess Operating Expense Amount (as defined below) for such year multiplied by the Useable Area within the Leased Premises.
Tenant’s Additional Rental. The Base Rental and Tenant's Estimated Additional Rental shall be due and payable in twelve (12) equal installments on the first day of each calendar month during each year of the initial term of this Lease and any extensions or renewals hereof, and Tenant hereby agrees to so pay such rentals to Landlord at Landlord's address as provided herein (or such other address as may be designated by Landlord in writing from time to time) monthly in advance. Provided Tenant's payment by Tenant shall be received by Landlord by on or before the fifth day of each calendar month during which the same become due, no late charge or interest shall be charged to Tenant for such payment.
Tenant’s Additional Rental. 5 Tenant's Estimated Additional Rental........................................ 5
Tenant’s Additional Rental. TENANT'S ADDITIONAL RENTAL" for each calendar year means the Operating Expenses Increase for such year multiplied by the Net Rentable Area within the Leased Premises. "OPERATING EXPENSES INCREASE" means the positive difference, if any, between the Operating Expenses Amount (as defined below) and the Base Operating Expenses Amount (as defined below). "OPERATING EXPENSES AMOUNT" means an amount equal to the amount of Operating Expenses (as defined below) for such year divided by the greater of ninety-five percent (95%) of the total Net Rentable Area of the Building or the total Net Rentable Area of space actually leased in the Building for the applicable year. "BASE OPERATING EXPENSES AMOUNT" means the Operating Expenses Amount for the calendar year 1998.
Tenant’s Additional Rental
