Tenant’s Share of Taxes. Insurance Costs, and Operating Expenses. Tenant shall pay Landlord each Lease Year during the term of this Lease, on account as Additional Rent, Tenant's Share of Taxes, Tenant's Share of Insurance Costs, and Tenant's Share of Operating Expenses. Tenant's Share of Taxes shall be calculated by multiplying the amount of Taxes by a fraction, the numerator of which shall be Tenant's Floor Area and the denominator of which shall be Landlord's Total Floor Area. Tenant's Share of Insurance Costs shall be calculated by multiplying the amount of Insurance Costs by a fraction, the numerator of which shall be Tenant's Floor Area and the denominator of which shall be Landlord's Total Floor Area. Tenant's Share of Operating Expenses shall be calculated by multiplying the amount of Operating Expenses by a fraction, the numerator of which shall be Tenant's Floor Area and the denominator of which shall be Landlord's Commercial Floor Area. For the Lease Year in which the term hereof commences or terminates, the provisions of this Section shall apply, but Tenant's Share of Taxes, Insurance Costs, and Operating Expenses for such year shall be subject to a pro rata adjustment based upon the number of days of such Lease Year falling within the Term.
Appears in 4 contracts
Samples: Office Lease (Infinity Property & Casualty Corp), Office Lease (Infinity Property & Casualty Corp), Office Lease (Infinity Property & Casualty Corp)
