Tenant’s Share of Costs Sample Clauses

Tenant’s Share of Costs. Payment. Commencing on the date the minimum monthly rent payable is due for the first calendar month of the term, Tenant shall pay to Landlord a monthly sum (“monthly common area payment”) at the time minimum monthly rent is due, which common area payment shall be applied toward Tenant’s share of common area costs as herein provided. The amount of the monthly common area payment shall be the sum set forth in Paragraph 6(e) of the Fundamental Lease Provisions. Tenant’s proportionate share of common area costs shall be the ratio of the total common area costs that the gross floor area located in the Premises (as indicated in Paragraph 4(b) of the Fundamental Lease Provisions) bears to the total gross leasable floor area of the project; provided, however, for the purpose of determining Tenants proportionate share of common area costs as provided in this Section 3.4(a), the gross floor area located in the Premises shall be the greater of the number of square feet set forth in Paragraph 4(b) of the Fundamental Lease Provisions, or 1,000 square feet. Gross leasable floor area of the project refers to buildings that are occupied by other tenants, or buildings which are completed and available for occupancy by tenants, and shall not refer to buildings that are under construction and not substantially completed. Common area costs that cover a period not within the term of this Lease, shall be prorated. Landlord shall have the right to adjust the monthly common area payment at any time during the term on the basis of Landlord’s reasonably anticipated changes in common area costs. Landlord shall furnish to Tenant a statement (the “Statement”) showing the total common area costs. Tenants share of common area costs for each Lease year, and the payments made by Tenant with respect to the Lease year in question, within ninety (90) days after the end of each Lease year. The Statements shall be prepared, signed and certified to be correct by Landlord. If Tenants share of common area costs for the Lease year exceeds the payments made by Tenant, Tenant shall pay Landlord the deficiency within thirty (30) days after receipt of the Statement. If Tenant’s payments made during the Lease year exceed tenants share of common area costs, Landlord shall pay Tenant such excess within thirty (30) days of the delivery of the Statement. Within ninety (90) days after receipt of the Statement, Tenant shall have the right to audit at Landlord’s local offices, at Tenant’s expense, Landlord’s...
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Tenant’s Share of Costs. (a) During the Term, Tenant shall pay to Landlord as Additional Charges Tenant's Share of all Taxes and Expenses. (b) During the last month of each Expense Computation Year and each Tax Computation Year, as the case may be, or as soon thereafter as practicable, Landlord shall give to Tenant notice of Landlord's estimate of the amounts payable by Tenant under Section 4.2(a) for the following Expense Computation Year or Tax Computation Year, as the case may be. On or before the first day of each month during the following Expense Computation or Tax Computation Year, as the case may be, Tenant shall pay to Landlord one-twelfth (1/12th) of such estimated amounts; provided, however, that if Landlord fails to give such notice in the last month of the prior Expense Computation Year or Tax Computation Year, as the case may be, then Tenant shall continue to pay on the basis of the prior year's estimate until the first day of the calendar month next succeeding the date such notice is given by Landlord. If at any time or times Landlord determines that the amounts payable under Section 4.2(a) for the current Expense or Tax Computation Year, or both, will vary from its estimate given to Tenant, Landlord, by notice to Tenant, may revise its estimate for such Expense or Tax Computation Year, or both, and subsequent payments by Tenant for such Expense Computation Year, or both, shall be based upon such revised estimate. (c) Following the end of each Expense Computation Year or Tax Computation Year, Landlord shall deliver to Tenant a statement of amounts payable under Section 4.2(a) for such Expense Computation Year and Tax Computation Year, accompanied by ledgers and/or copies of paid invoices should Tenant specifically request these items from Landlord. If such statement shows an amount owing by Tenant that is less than the payments for such Expense Computation Year or Tax Computation Year, or both, previously made by Tenant, and if no Event of Default (as defined below) is outstanding at the time such statement is delivered, Landlord shall credit such amount to the next payments of Rent falling due under this Lease, or with respect to the final Expense Computation Year or Tax Computation Year of the Term, as the case may be, refund such amount to Tenant. If such statement shows an amount owing by Tenant that is more than the estimated payments for such Expense Computation Year or Tax Computation Year, or both, previously made by Tenant, Tenant shall pay the deficiency t...
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Tenant’s Share of Costs. If Tenant elects to lease some but not all of the Building: (a) Tenant shall be responsible for Tenant's Proportionate Share of all Common Area Costs (as described in subparagraph 2.03.
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Tenant’s Share of Costs. RELATED TO MAINTENANCE AND REPAIR OF COMMON AREAS. Landlord shall maintain and repair the Common Areas and keep them in sufficient condition for operation of the Tenant's business. Tenant shall pay to Landlord upon demand sixty-six and two-thirds percent (66 2/3%) of the direct cost of operating and maintaining all Common Areas, including, without limitation, all parking areas, access roads, sidewalks, landscaped space, and other space contained in the Common Areas. Tenant shall make such payment within thirty (30) days of Landlord's delivery to Tenant of an invoice therefor. The "direct cost of operating and maintaining all Common Areas" shall not include expenses that are capital in nature ("Capital Expenses"), and shall not include any management fees ("Management Fees"; Capital Expenses and Management Fees, together, "Excluded Expenses"). Excluded Expenses shall be the sole responsibility of Landlord.
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Tenant’s Share of Costs. Tenant shall pay as "Additional Rent" Tenant's proportionate share ("Tenant's Building Share") of the Building Operating Expenses (as defined below), plus Tenant's proportionate share ("Tenant's Phase Share") of Phase Operating Expenses (as defined below), plus Tenant's proportionate share ("Tenant's Project Share") of Project Operating Expenses (as defined below). Tenant's Building Share shall be the percentage obtained by dividing the rentable square footage of the Premises by the total rentable square footage of the Building and Tenant's Phase Share shall be the percentage obtained by dividing the rentable square footage of the Premises by the total rentable square footage of the Phase. Tenant's Project Share shall be the percentage obtained by dividing the rentable square footage of the Premises by the total rentable square footage of the Project. Tenant'
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Tenant’s Share of Costs. Tenant shall be liable and pay for all Construction Costs except to the extent of the Tenant Improvement Allowance which shall be paid by Landlord. Upon approval of the Plans and Specifications, Landlord shall obtain estimates of the Construction Costs from the Contractor and furnish copies to Tenant. In the event such estimates exceed the Tenant Improvement Allowance, Tenant shall pay the excess to Landlord within N/A (___) days of the notice from Landlord of the estimate costs and, in any event, before the commencement of construction. If Tenant fails to tender the excess timely, Landlord shall not proceed with construction, and such delay shall constitute a Tenant Delay for each day until the excess is paid. Upon receipt of the excess, Landlord shall cause the Contractor to commence construction. Upon completion of the construction, Landlord shall provide to Tenant an accounting of the final costs, crediting Tenant for the Tenant Improvement Allowance and any excess previously paid to Landlord. If any additional amounts are due and owing for payment of Construction Costs beyond those amounts previously tendered to Landlord, Tenant shall pay same to Landlord within N/A (___) days after the date such accounting was provided to Tenant.
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Tenant’s Share of Costs. See Section 7: Tenant Proportionate Share of Operating Cost and Real Property Taxes ( collectively CAM Charges) is equal to 7.585%
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Tenant’s Share of Costs. Landlord shall be liable and pay for all construction costs of the Leasehold Improvements, except as otherwise noted herein. Tenant shall pay the portion of construction costs due to a change requested by Tenant under Section 2.05. Landlord shall forward to Tenant invoices from the Project Contractor detailing the actual cost of the change (less any applicable credit) and showing that same has been paid by Landlord (less statutory retainage withheld by Landlord). Upon receipt of such invoice, Tenant shall reimburse Landlord the cost of the change within twenty (20) days. Landlord shall withhold the applicable retainage amount out of such sum paid to the Project Contractor until completion of the work involving such change and expiration of the applicable period for filing mechanic's liens with respect to such work. General Description of Work: [describe work] [Architect/Engineer] Preparing Plans: [name] [Architect/Engineer]'s Address: [address] Contractor: [name] Contractor's Address: [address] Contractor's Insurance Death/bodily injury: Property/Builder's risk:
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Related to Tenant’s Share of Costs

  • 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.

  • 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.

  • Operating Expenses Unless modified in accordance with Exhibit D, Landlord maintenance addendum, attached hereto, it is the intention of the parties and they hereby agree that this shall be a triple net Lease, and the Landlord shall have no obligation to provide any services, perform any acts or pay any expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises, and Tenant 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 Landlord of operating and maintaining the Building and related parking areas, and shall include, without limitation, real estate and personal property taxes and assessments, management fee, heating, 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 Building and related parking areas, unless expressly excluded from operating expenses. Notwithstanding the foregoing, operating costs (and Tenant's obligations in relation thereto) shall not include (i) any expense chargeable to a capital account or capital improvement, ground leases; principal or interest payments on any mortgage or deed of trust on the premises; (ii) any amount for which Landlord is reimbursed through insurance, by third persons, or directly by other tenants of the premises, (iii) repair costs occasioned by fire, windstorm or other casualty, (iv) any construction, repair or maintenance expenses or obligations that are the sole responsibility of Landlord (not to be reimbursed by Tenant), (v) leasing commissions and other expenses incurred in connection with leasing any other area located on the premises to any other party, (vi) any expense representing an amount paid to an affiliate or subsidiary of Landlord which is in excess of the amount which would be paid in the absence of such relationship, and (vii) costs of items and services for which Tenant reimburses Landlord or pays third persons directly.

  • 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 Costs Within 60 days after the Commencement Date, and within 60 days after the beginning of each calendar year, Landlord shall give Tenant a written estimate, for such calendar year, of Tenant’s share of the cost of utilities, if not separately metered, taxes and insurance provided by Landlord (“Tenant Costs”). Tenant shall pay such estimated amount to Landlord in equal monthly installments, in advance. Within 90 days after the end of each calendar year, Landlord shall furnish to Tenant a statement showing in reasonable detail the costs incurred by Landlord for the operation and maintenance of the Premises during such year (the “Annual Statement”), and Tenant shall pay to Landlord Tenant’s proportionate share of the cost incurred in excess of the payments made by Tenant within 10 days of receipt of such statement. In the event that the payments made by Tenant for the operation and maintenance of the Premises exceed Tenant’s share of the cost of same, such amount shall be credited by Landlord to the Rent or other charges next due and owing, provided that, if the Lease term has expired, Landlord shall accompany said statement with the amount due Tenant. Tenant shall have the right, by giving written notice thereof to Landlord within sixty (60) days after Tenant’s receipt of each Annual Statement, to contest all or any item comprising Tenant Costs and in connection therewith audit Landlord’s books and records relating to Tenant Cost covered by the Annual Statement. Landlord shall promptly provide Tenant with copies of all bills and records supporting the Tenant Costs or any particular item of Tenant Costs specified by Tenant in writing. If Tenant fails to deliver a notice of audit/contest to Landlord within the aforesaid sixty (60) day period, Tenant shall be deemed to have accepted the Annual Statement for the applicable calendar year.

  • 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:

  • 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;

  • Tax Expenses Tenant shall pay to Landlord Tenant’s Share of all Tax Expenses applicable to the Project. Prior to delinquency, Tenant shall pay any and all taxes and assessments levied upon Tenant’s Property (defined below in Section 10) located or installed in or about the Premises by, or on behalf of Tenant. To the extent any such taxes or assessments are not separately assessed or billed to Tenant, then Tenant shall pay the amount thereof as invoiced by Landlord. Tenant shall also reimburse and pay Landlord, as Additional Rent, within ten (10) days after demand therefor, one hundred percent (100%) of (i) any increase in real property taxes attributable to any and all Alterations (defined below in Section 10), Tenant Improvements, fixtures, equipment or other improvements of any kind whatsoever placed in, on or about the Premises for the benefit of, at the request of, or by Tenant, and (ii) taxes and assessments levied or assessed upon or with respect to the possession, operation, use or occupancy by Tenant of the Premises or any other portion of the Project. “Tax Expenses” means, without limitation, any form of tax and assessment (general, special, supplemental, ordinary or extraordinary), commercial rental tax, payments under any improvement bond or bonds, license fees, license tax, business license fee, rental tax, transaction tax or levy imposed by any authority having the direct or indirect power of tax (including any governmental, school, agricultural, lighting or other improvement district) as against any legal or equitable interest of Landlord in the Premises, Project or Park or any other tax, fee, or excise, however described, including, but not limited to, any tax resulting from the recordation of any parcel or subdivision map with respect to the Park and/or any tax imposed in substitution (partially or totally) of any tax previously included within the definition of Tax Expenses. “Tax Expenses” shall not include (a) any franchise, estate, inheritance, net income, or excess profits tax imposed upon Landlord, (b) any penalty or fee imposed solely as a result of Landlord’s failure to pay Tax Expenses when due, and (c) any items included as Operating Expenses. In the event that a parcel or subdivision map with respect to the Park or a portion of the Park is recorded by Landlord, Tenant’s Share of Tax Expenses shall be commensurately revised to reflect any increases or decreases that may result from the impact of such parcel or subdivision map.

  • Operating Costs (a) Tenant shall maintain the Premises in their condition on the Effective Date at Tenant’s sole cost and expense. Landlord may inspect the Premises and, if Landlord reasonably determines that Tenant is not maintaining the Premises in their condition on the Effective Date, Landlord may provide Tenant with written notice of any such maintenance concern, and Tenant shall promptly make such repairs. If Tenant fails to complete such repairs within thirty (30) days of receipt of such notice, Landlord may undertake such repairs and Tenant shall be obligated to reimburse Landlord for its costs within ten (10) days of receipt of an invoice therefore. Landlord represents and warrants to Tenant that the exterior walls, foundation and roof of the Premises are in good working order on the Effective Date. Landlord will, at its cost, replace, restore, repair or maintain (as necessary) the roof until the first anniversary of the Commencement Date. Landlord will, at its cost, replace, restore, repair or maintain (as necessary) the exterior walls and foundation of the Premises until the fifth anniversary of the Commencement Date. Tenant shall be fully responsible for the replacement, restoration, repair and maintenance of the roof, exterior walls and foundation of the Premises thereafter. If Landlord fails to commence such repairs within thirty (30) days of receipt of any notice from Tenant, Tenant may undertake such repairs and Landlord shall be obligated to reimburse Tenant for its costs within ten (10) days of receipt of an invoice therefore; provided, however, that Tenant shall have no rights to offset or set off any such amounts against the Rent to be paid hereunder. If Landlord does not reimburse Tenant within ten (10) days from the date of notice, such charge shall bear interest at the rate of eighteen percent (18%) per annum until paid. Notwithstanding anything to the contrary herein contained (except for the provisions of paragraph 32 below), if Tenant makes any changes, additions or alterations to the roof of the Premises which involves penetration of the roof (other than those for telecommunications installations so long as the installation contractor has Landlord’s prior written approval which will not be unreasonably conditioned, delayed or denied), Landlord’s obligations to replace, restore, repair or maintain the roof shall cease. If Tenant undertakes any structural repairs in the Premises which impact, affect, or alter the walls or foundation of the Premises, Landlord’s obligation to replace, restore, repair or maintain that portion of the exterior walls and foundation of the Premises shall cease as of the date of such action by Tenant. Any Operating Costs that pertain to a period prior to or after the Lease Term will be pro rated between Landlord and Tenant in the proportion of the amount of the Lease Term that falls within the period to which the Operating Costs pertain. (b) Tenant shall pay all Operating Costs during the Lease Term.

  • Landlord’s Costs Tenant shall, within thirty (30) days after receipt of an invoice from Landlord, pay the reasonable costs, expenses, and fees of any architect or engineer employed by Landlord to review any plans and specifications and to supervise and approve any construction, or for any services rendered by such architect or engineer to Landlord as contemplated by any of the provisions of this Agreement, or for any services performed by Landlord's attorneys in connection therewith; provided, however, that Landlord will consult with Tenant and notify Tenant of the estimated amount of such expenses.

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