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, 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
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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, 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

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%).

  • 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 The Lessor shall have no obligation to provide any services, perform any acts, or pay expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises. The Lessee hereby agrees to pay one-hundred percent (100%) of any and all Operating Expenses as hereafter defined for the entire term of the Lease and any extensions thereof in accordance with specific provisions hereinafter set forth. The term “Operating Expenses” shall include all costs to the Lessor of operating and maintaining the Premises, and shall include, without limitation, real estate and personal property taxes and assessments, management fee(s), heating, air conditioning, HVAC, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Premises and related parking areas, unless expressly excluded from operating expenses.

  • 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.

  • Proportionate Share If the Premises are a part of a multiple tenancy complex, the responsibility of the Lessee for costs are determined by taking a percentage of the total cost of the expenses based upon the rentable floor space in said complex occupied by the Lessee. It is agreed that the Premises is [%] ("Proportionate Share") of the total floor space in the building. The Lessor may, with notice to the Lessee, elect to perform and provide certain maintenance and services pertaining to the entire building or area of which the Premises are a part, including, but not limited to, landscaping, trash removal, lawn maintenance, common area lighting, watering, paving maintenance, and snow removal. In such event, the Lessee shall reimburse the Lessor for its Proportionate Share of such maintenance services. Within ninety (90) days following the end of each year during the Term, the Lessor shall furnish the Lessee with a written statement covering the lease year just expired (measured from the Commencement Date), showing in reasonable detail a general breakdown of the total operating costs, the amount of the Lessee's obligation relating thereto, and the total payments made by the Lessee. The Lessee agrees to conduct its business in a lawful and legal manner, and in a way that provides quiet enjoyment to the rest of the Lessees in the complex, including, but not limited to, mitigation and limitation of noise, vibration, odor, trash, or fumes. In the event the Lessor receives complaints from other Lessees in the building or complex and determines, in its sole reasonable judgment, that the Lessee is conducting its operations in a manner so as to be objectionable to other Lessees, the Lessee shall, upon notice from the Lessor, promptly modify its operations to eliminate such objections.

  • Tenant’s Share The term “Tenant’s Share” shall mean the percentage obtained by dividing Tenant’s Gross Leasable Area by the Building Gross Leasable Area, which as of the Effective Date is the percentage identified in Section G of the Summary.

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