Tenant’s Percentage Share of Operating Expenses. As of the Expansion Area IV Effective Date, Section 1.8 of the Original Lease is amended as follows: Tenant’s Percentage Share of Operating Expenses less Expansion Area IV: 58.09 % Tenant’s Percentage Share of Operating Expenses for Expansion Area IV: 4.53 % Landlord and Tenant hereby stipulate and agree for all purposes under this Lease, the square footage of the Premises on December 1, 2002 shall be Sixty-six Thousand Four Hundred Twenty-seven (66,427) rentable square feet. The Lease (including without limitation, Section 1.3 and 1.8 of the Original Lease as amended) are hereby amended accordingly.
Tenant’s Percentage Share of Operating Expenses. In addition to the Base Rent, Tenant, as additional consideration for this Lease, agrees to pay to Landlord Tenant's Percentage Share (defined in Section 3.03 hereof) of Operating Expenses (defined in Section 3.04 hereof) annualized for each calendar year during the Term, which exceeds $7.50 per rentable square foot per year ("Expense Stop"). On or before the Commencement Date and thereafter on or before the first day of each calendar year of the Term, Landlord shall provide to Tenant the Estimated Operating Expense (defined in Section 3.03 hereof) for the upcoming calendar year. Tenant shall pay in advance on the first day of each calendar month during the Term, installments equal to one-twelfth (1/12) of Tenant's Percentage Share of Estimated Operating Expenses annualized for each calendar year which exceeds the Expense Stop. Within one hundred fifty (150) days after the end of each calendar year during the Term, Landlord shall furnish to Tenant a statement certified by Landlord of the Actual Operating Expenses for the immediately preceding calendar year. If Tenant's Percentage Share of Estimated Operating Expenses which exceeds the Expense Stop paid to Landlord during the previous calendar year exceeds Tenant's Percentage Share of Actual Operating Expense which exceeds the Expense Stop
Tenant’s Percentage Share of Operating Expenses. As of the Expansion Area II Effective Date, Section 1.8 of the Original Lease is amended as follows: Tenant’s Percentage Share of Operating Expenses: 57.90%
Tenant’s Percentage Share of Operating Expenses. Landlord and Tenant hereby stipulate and agree that for all purposes under this Lease, Tenant’s Percentage of Operating Expenses for the Extended Term shall be Fifty-seven Point Ninety Percent (57.90%). Landlord and Tenant hereby stipulate and agree for all purposes under this Lease, the square footage of the Premises shall be Sixty-one Thousand Four Hundred Nineteen (61,419) rentable square feet, and the square footage of the Building shall be One Hundred Six Thousand Eighty-four (106,084) rentable square feet. Effective March 1, 2002, Suite 605 will be released from the Lease. Landlord and Tenant hereby stipulate and agree that for all purposes under this Lease, Tenant’s Percentage of Operating Expenses beginning March 1, 2002 shall be Fifty-five Point Fifty-eight Percent (55.58%). Landlord and Tenant hereby stipulate and agree for all purposes under this Lease, the square footage of the Premises on March 1, 2002 shall be Fifty-Eight Thousand Nine Hundred Fifty-eight (58,958) rentable square feet. The Lease (including without limitation, Section 1.3 and 1.8 of the Original Lease as amended) are hereby amended accordingly.
Tenant’s Percentage Share of Operating Expenses. As of the Expansion Area III Effective Date, Section 1.8 of the Original Lease is amended as follows: Tenant’s Percentage Share of Operating Expenses: 60.41% Effective March 1, 2002, Suite 605 will be released from the Lease. Landlord and Tenant hereby stipulate and agree that for all purposes under this Lease, Tenant’s Percentage of Operating Expenses beginning March 1, 2002 shall be Fifty-eight Point Zero Nine Percent (58.09%). Landlord and Tenant hereby stipulate and agree for all purposes under this Lease, the square footage of the Premises on March 1, 2002 shall be Sixty-one Thousand Six Hundred Nineteen (61,619) rentable square feet. The Lease (including without limitation, Section 1.3 and 1.8 of the Original Lease as amended) are hereby amended accordingly.
Tenant’s Percentage Share of Operating Expenses. In addition to the Base Rent, Tenant, as additional consideration for this Lease, agrees to pay to Landlord as Additional Rent, Tenant's Percentage Share of any increases in Operating Expenses (defined in Section 3.04 hereof) for the applicable year which exceed the Operating Expenses during calendar year 2005 ("Base Year") annualized for each calendar year during the Term after calendar year 2005. Increases in such Operating Expenses shall be capped at 5% per year, with the exception of those increases in Operating Expenses that are not controllable by Landlord. Operating Expenses that are not controllable by Landlord shall mean property taxes, insurance expenses, electricity and utility expenses. On or before January 1, 2006, and thereafter on or before the first day of each calendar year of the Term, Landlord shall provide to Tenant Landlord's good faith estimate of the Additional Rent for that year (the "Estimated Additional Rent"). Tenant shall pay in advance on the first day of each calendar month during the Term, installments equal to one twelfth (1/12) of the Estimated Additional Rent. Within one hundred twenty (120) days after the end of each calendar year during the Term after calendar year 2006 (or within one hundred and twenty (120) days after the Expiration Date, as applicable), Landlord shall furnish to Tenant a statement certified by Landlord of the actual Additional Rent for the immediately preceding calendar year. If Tenant's Estimated Additional Rent paid to Landlord during the previous calendar year exceeds Tenant's actual Additional Rent for such year, then Landlord shall refund the difference to Tenant within thirty (30) days after Landlord furnishes the statement of the actual Additional Rent. Otherwise, within thirty (30) days after Landlord furnishes such statement to Tenant, Tenant shall make a lump sum payment to Landlord equal to the positive difference between Tenant's Additional Rent for the preceding calendar year over the Estimated Additional Rent paid by Tenant for the preceding calendar year. As used in this Lease the term "Rent" shall refer collectively to the Base Rent and the Additional Rent. If the Commencement Date is on a day other than the first day of the month, then Tenant shall be required to pay only a pro-rata portion of the installment of Rent due for such month. The provisions of this Section 3.02 shall survive the expiration or termination of this Lease. Landlord will cause adequate books and records to be ma...
Tenant’s Percentage Share of Operating Expenses. Approximate percentage based upon the Rentable Area of the Premises and the Rentable area of the Building which is 42,264 square feet is as follows: Suite 250 – 8.28%: Suite 401 – 3.19%: and Suite 201 – 6.53%
Tenant’s Percentage Share of Operating Expenses. Tenant’s Percentage Share shall be adjusted upon the final determination of the Rentable Area of the Premises to equal a fraction, the numerator of which is the Rentable Area of the Premises and the denominator is the Rentable Area of the Building all as determined by Landlord’s space planner in accordance with the BOMA Standard.
Tenant’s Percentage Share of Operating Expenses. Operating Expenses shall be determined and calculated on a calendar year basis. If Tenant’s Percentage Share of Operating Expenses paid or incurred by Landlord for any calendar year during the Term, exceeds Tenant’s Annual Operating Expense Allowance, then Tenant shall pay such excess as Additional Rent in the manner specified in subparagraphs 3.2.1.2, 3.2.1.3 and 3.
Tenant’s Percentage Share of Operating Expenses forty-nine and sixty-seven one hundredths percent (49.67%) with respect to the Building and eight and seven one hundredths percent (8.07%) with respect to the Project generally and not specifically allocable to any other building located on the Land (Paragraph 12). As an illustrative example of the foregoing, Landlord’s casualty and commercial general liability insurance premiums are allocated on a Project basis and not on a per Building basis and therefore Tenant’s percentage share of such insurance premiums and other Operating Costs allocated on a Project basis would be 8.07% of such Operating Costs. Ad valorem real property taxes and assessments levied or assessed against the Land (as defined in Section 2.1) and the buildings and improvements constructed thereon, including, without limitation, the Building, similarly are allocated on a Project basis and not on a per building basis.
