TENANT'S PROPORTIONATE SHARE OF BASIC COST Sample Clauses

TENANT'S PROPORTIONATE SHARE OF BASIC COST. All increases in Basic Cost shall be paid by Tenant in the proportion which Tenant's Net Rentable Area bears to ninety-five percent (95%) of the total Net Rentable Area in the Building or to the total Net Rentable Area leased in the Building (if such total is greater than ninety-five percent (95%) of the total Building area). Notwithstanding any other provision herein to the contrary, in the event the Building is less than ninety-five percent (95%) occupied during any year of any Term, an adjustment shall be made in computing certain components of Basic Cost for such year as though the Building had been ninety-five percent (95%) occupied during the year and as though ninety-five percent (95%) of the Net Rentable Area of the Building had been provided with the Building services described in Article 7 of this Lease. Such "gross up" adjustment shall be made to components of Basic Cost that fluctuate with the occupancy level of the Building. The following components of Basic Cost shall be conclusively deemed to fluctuate with the occupancy level of the Building: janitorial services, janitorial supplies, trash hauling, Complex repairs, maintenance and supplies, and Complex contract services other than those specifically excluded hereinbelow, utilities (including without limitation, water, sewer and electricity), property taxes and assessments and costs associated with the operation or maintenance of the parking area(s) used directly for the Complex. The following components of Basic Cost shall be conclusively deemed not to fluctuate with the occupancy level of the Building: amortized capital improvement costs, insurance and insurance premiums, pest control, landscaping services, and security services. As to all other components of Basic Cost, Landlord shall be entitled to include any or all of them in the "gross up" adjustment if the Landlord reasonably determines that such inclusion is appropriate based on the relationship of such component to the occupancy level of the Building and on generally accepted accounting principles consistently applied.
Sample 1
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TENANT'S PROPORTIONATE SHARE OF BASIC COST. All increases in Basic Cost shall be paid by Tenant in the proportion which Tenant's Net Rentable Area bears to ninety-five percent (95%) of the total Net Rentable Area in the Building or to the total Net Rentable Area leased in the Building (if such total is greater than ninety-five percent (95%) of the total Building area). Notwithstanding any other provision herein to the contrary, it is agreed that in the event the Building is not substantially occupied during any year of the lease term, an adjustment shall be made in computing the Basic Cost for such year so that the Basic Cost shall be computed for such year as though the Building had been substantially occupied during such year. The Building shall be deemed substantially occupied if ninety-five (95%) percent of the total Net Rentable Area is leased.
Sample 1

Related to TENANT'S PROPORTIONATE SHARE OF BASIC COST

  • Tenant’s Proportionate Share [15%]. Such share is a fraction, the numerator of which is the Rentable Area of the Premises, and the denominator of which is the Rentable Area of the Project, as determined by Landlord from time to time. The Project consists of one building containing a total Rentable Area of 30,000 square feet.

  • Tenant’s Pro Rata Share For the period commencing with the Expansion Effective Date and ending on the Termination Date, Tenant’s Pro Rata Share for the Expansion Space is one point one five percent (1.15%).

  • Tenant’s Percentage Share The term "Tenant's Percentage Share" shall mean 46.67% and shall be used to calculate increases in Property Taxes and Operating Expenses (as such terms are hereinafter defined) payable by Tenant. Landlord may reasonably redetermine Tenant's Percentage Share from time to time to reflect reconfigurations, additions or modifications to the Building.

  • Direct Expenses 1. Fees and expenses of its directors (except the fees of those directors who are deemed to be "interested persons" of the Fund as that term is defined in the Investment Company Act of 1940) and the meetings thereof;

  • Operating Expenses During the term of this Lease Tenant shall pay to Landlord as additional rent all ad valorem taxes and operating expenses and other charges of every kind and nature (“Operating Expenses”) incurred or paid by Landlord in connection with the maintenance, repair, operation, management, or ownership of the Premises. If requested, Tenant agrees to pay Landlord on the first day of each calendar month, together with the payment of rent, such amount as Landlord estimates from time to time as necessary to pay such expenses. Landlord shall xxxx Tenant annually after the end of each year for such expenses. In the event the aggregate of Tenant’s installments during the year shall be less than the amount of Operating Expenses due from Tenant, such deficiency shall be paid to Landlord within ten (10) days after demand therefore. In the event the aggregate of Tenant’s installments during the year shall be more than the amount of Operating Expenses due from Tenant, such overpayment shall be applied to Tenant’s next monthly installment of Operating Expenses and Rent. As used herein, the term “Operating Expenses” shall include the cost of maintaining casualty and public liability insurance covering the Premises, real estate ad valorem taxes and all costs of managing, operating and maintaining the Premises, including but not limited to: costs of constructing, maintaining and repairing on site and off-site traffic controls; decorating, painting, lighting, sanitary control, and removal of trash, garbage and other refuse; maintenance, repair and replacement of utility systems serving any common areas, including water, sanitary sewer and storm water lines and other utility lines, pipes and conduits; costs of utilities, including water, sewer, electricity, and gas; janitorial, sweeping and cleaning services, trash bin rentals, trash pickup fees, licenses, permits and inspection fees; parking lot painting and restriping; planting, irrigating, gardening and landscaping; signs and markers; parking control and security guards and fire protection or detection service; all general maintenance and repair; other general operation and maintenance costs and expenses; all labor and supplies required by the foregoing; and administrative costs directly attributable thereto.

  • Landlord’s Expenses In the event Tenant shall assign this Lease or sublet the Premises or request the consent of Landlord to any Transfer, then Tenant shall pay Landlord's reasonable costs and expenses incurred in connection therewith, including, but not limited to, attorneys', architects', accountants', engineers' or other consultants' fees.

  • Common Area Operating Expenses Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, Lessee's Share (as specified in Paragraph 1.6(b)) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Common Area Expenses In the event the demised premises are situated in a shopping center or in a commercial building in which there are common areas, Lessee agrees to pay his pro-rata share of maintenance, taxes, and insurance for the common area.

  • Tenant’s Percentage The ratio of the Rentable Floor Area of the Premises to the total rentable area of the Building, which shall initially be deemed to be one hundred 100% percent.

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