Common use of Tenant’s Payment of Operating Expenses Clause in Contracts

Tenant’s Payment of Operating Expenses. (a) In the event that for any Operating Year Operating Expenses shall exceed Base Operating Expenses, Tenant shall pay to Landlord, as an Escalation Charge, an amount equal to (i) such excess Operating Expenses multiplied by (ii) Tenant’s Proportionate Share, such amount to be apportioned for any portion of an Operating Year in which the Commencement Date falls or the Term of this Lease ends.

Appears in 2 contracts

Samples: Lease (Arsanis, Inc.), Lease (Howard Bancorp Inc)

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Tenant’s Payment of Operating Expenses. (a) In the event that for any Operating Year Operating Expenses shall exceed Base Operating Expenses, Tenant shall pay to Landlord, as an Escalation Charge, Additional Rent an amount equal to (i) such excess Operating Expenses multiplied by (ii) Tenant’s 's Proportionate Share, such amount to be apportioned for any portion of an Operating Year in which the Commencement Date falls or the Term of this Lease ends.

Appears in 1 contract

Samples: Lease (Telehublink Corp)

Tenant’s Payment of Operating Expenses. (a) In the event that for any Operating Year Operating Expenses shall exceed Base Operating Expenses, Tenant shall pay to Landlord, as an Escalation ChargeAdditional Rent, an amount equal to (i) such excess Operating Expenses multiplied by (ii) Tenant’s 's Proportionate Share, such amount to be apportioned for any portion of an Operating Year in which the Commencement Date falls or the Term of this Lease ends.

Appears in 1 contract

Samples: Lease (PSW Technologies Inc)

Tenant’s Payment of Operating Expenses. (a) In the event that for any Operating Year Operating Expenses shall exceed Base Operating Expenses, Tenant shall pay to Landlord, as an Escalation ChargeAdditional Rent, an amount equal to (i) such excess Operating Expenses multiplied by (ii) Tenant’s Proportionate Share, such amount to be apportioned for any portion of an Operating Year in which the Commencement Date falls or the Term of this Lease ends.

Appears in 1 contract

Samples: Lease (Ameresco, Inc.)

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Tenant’s Payment of Operating Expenses. (a) In the event that Operating Expenses for any Operating Year Operating Expenses shall exceed Base Operating Expenses, Tenant shall pay to Landlord, as an Escalation ChargeAdditional Rent, an amount equal to (i) such excess Operating Expenses multiplied by (ii) Tenant’s Proportionate ShareShare attributable to each Operating Year, such amount to be apportioned for any portion of an Operating Year in which the Term Commencement Date falls or the Term of this Lease endsexpires.

Appears in 1 contract

Samples: Lease (Replimune Group, Inc.)

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