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

Tenant’s Payment of Operating Expenses. (a) Tenant shall pay to Landlord, as Additional Rent, an amount equal to (i) Operating Expenses multiplied by (ii) Tenant’s Proportionate Share, 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 ends.

Appears in 1 contract

Samples: Lease Modification and Extension Agreement (Tpi Composites, Inc)

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Tenant’s Payment of Operating Expenses. (a) Tenant shall pay to Landlord, as Additional Rent, an amount equal to (i) Operating Expenses in excess of Operating Expenses for calendar year 2018 (the “Operating Expense Base Year”) multiplied by (ii) Tenant’s Proportionate Share, 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 (Apellis Pharmaceuticals, Inc.)

Tenant’s Payment of Operating Expenses. (a) Tenant shall pay to Landlord, as Additional Rent, an amount equal to (i) Operating Expenses for each Operating Year (or portion thereof falling within the Term) multiplied by (ii) Tenant’s 's Proportionate Share, 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 ends.

Appears in 1 contract

Samples: Expansion Agreement (Sonus Networks Inc)

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Tenant’s Payment of Operating Expenses. (a) Tenant shall pay to Landlord, as Additional Rent, an amount equal to (i) Operating Expenses over and above Operating Expenses for calendar year 2018 multiplied by (ii) Tenant’s Proportionate Share, 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 (Chiasma, Inc)

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