Triple Net Rent. It is the intent of the Parties that all Rent shall be absolutely net to County and that, except as otherwise provided herein, Tenant will pay all costs, charges, insurance premiums, taxes, utilities, expenses and assessments of every kind and nature incurred for, against or in connection with the Premises which arise or become due during the Term as a result of Tenant’s use and occupancy of the Premises. Under no circumstances or conditions, whether now existing or hereafter arising, or whether beyond the present contemplation of the Parties, shall County be obligated or required to make any payment of any kind whatsoever or be under any other obligation or liability under this Lease except as expressly provided herein.
Triple Net Rent. All Base Annual Rent payable hereunder shall be paid as “triple net” rent without deduction or offset. It is the intent of the parties, except as is otherwise provided in this Lease, that Base Annual Rent provided to Landlord shall be absolutely net to Landlord, and Tenant shall pay all costs, charges, insurance premiums, taxes, utilities, expenses and assessments of every kind and nature incurred for, against, or in connection with the Ground Leased Premises, including without limitation all assessments, both regular and special, which may be due to any property associations by virtue of recorded declarations, covenants and restrictions affecting the Ground Leased Premises, as same may be amended from time to time, from and after the Commencement Date, except as expressly stated herein. All such costs, charges, insurance premiums, taxes, utilities, expenses and assessments covering the Ground Leased Premises shall be prorated upon the Commencement Date and upon the expiration of this Lease, except for any expenses such as insurance premiums which are not being assumed by or transferred for the benefit of Landlord.
Triple Net Rent. In addition to the Basic Rent hereinbefore reserved, except as otherwise provided in the Lease, Tenant shall pay any and all of the charges, costs and expenses arising out of its use or occupation of the demised premises of whatsoever nature, kind or description as additional rent. In the event of non-payment, Landlord shall have all the rights and remedies herein provided and as provided by law in the case of non-payment of rent or of breach of condition. If the Tenant shall default in making any payment required to be made by the Tenant, or shall be in default in performing any terms, covenants, or conditions of this Lease on the part of the Tenant to be performed, which shall involve the expenditure of money by Tenant, Landlord, at its option, may after ten (10) days written notice to Tenant, expend such sums as may be necessary to perform and fulfill such terms, covenants or conditions, and any and all sums so expended by Landlord, with interest thereon at the rate of 15% per annum from the date of such expenditure shall be and be deemed to be additional rent, and shall be repaid by Tenant to Landlord on demand, and in the case of non-payment of any other additional rent. However, no such payment or expenditure by Landlord shall be deemed a waiver of Tenant's default nor shall it affect any of the remedies of Landlord by reason of such default. It is the intention of the parties that the rent specified herein shall be triple net to the Landlord and the Landlord shall be indemnified by the Tenant against all the costs, expenses and charges arising out of Tenant's use or occupation of the demised premises or any part thereof during the term of this Lease Agreement except as otherwise provided in Lease Agreement. In the event that the tenant vacates the premises prior to the expiration of the lease, without the express written permission of the landlord or, in the event the tenant abandons the premises and fails to maintain occupancy and removes property from the demised premises, the rent for the balance of the unexpired term shall, at once, become fully due and payable at the option of the landlord.
Triple Net Rent. It is the intention of the parties that, except as otherwise provided herein, this Lease shall be a so-called “triple net” lease, and that Tenant shall pay as they become due and payable and before they become delinquent and as herein provided, all taxes, insurance, assessments, utilities (specifically including, but not limited to, all charges for water, gas, telephone, Internet access and electricity), costs, expenses, liabilities, deductions or other charges whatsoever with respect to the Leased Premises and/or the ownership, leasing, operation, maintenance, repair, use or occupation thereof during the Term hereof, including, without limitation, the costs, charges and assessments set forth in this Lease.
Triple Net Rent. Rent payable under this Lease shall be “Net, Net, Net”. Commencing on the Rent Commencement Date with respect to property taxes, and Delivery Date with respect to insurance premiums and all other items that constitute Additional Rent, Tenant shall pay, as Additional Rent, all costs and expenses of every kind and nature whatsoever, ordinary and extraordinary, arising out of or in connection with the operation, maintenance, repair, replacement, use and occupancy of the Premises during the Term of this Lease, including, without limitation, all real estate taxes, insurance premiums and utilities. Additional Rent shall include any amount of Base Rent that would have otherwise been payable by Tenant during a period of time that the achievement of Substantial Completion of the Improvement under the Design-Build Agreement was delayed as a result of a Tenant's Retained Obligation, as such period of delay is documented in a Change Order under the Design-Build Agreement; and any such Additional Rent shall be invoiced by Landlord on a monthly basis and shall be payable by Tenant to Landlord within thirty (30) days thereafter by Tenant. Notwithstanding the foregoing, except for Tenant’s Retained Obligations (as hereinafter defined), Tenant shall not be obligated to pay any costs or amounts payable or incurred in connection with installation, construction, repair or other work under the Design-Build Agreement. The following, to the extent that they result in an increase in the cost of the Work under the Design-Build Agreement, shall constitute “Tenant’s Retained Obligations”:
Triple Net Rent. It is the intent of the parties that all Rent shall be absolutely net to District and that, except as otherwise provided herein, Tenant will pay all costs, charges, insurance premiums, Taxes (as defined below), utilities, expenses and assessments of every kind and nature incurred for, against or in connection with the Premises which arise or become due during the Term or any extension thereof as a result of Tenant’s use and occupancy of the Premises, including all “Taxes, “Operating Costs” and “Utility Costs,” as defined below. Under no circumstances or conditions, whether now existing or hereafter arising, or whether beyond the present contemplation of the parties, shall District be obligated or required to make any payment of any kind whatsoever for Taxes, Operating Costs and Utility Costs or be under any other obligation or liability under this Lease except as expressly provided in this Lease.
Triple Net Rent. It is agreed between the Parties that this Lease is a “Triple Net Lease” and that the payments of the Base Rent and/or Additional Rent and of all other payments to the Landlord hereunder are to be absolutely net to Landlord and that, except as expressly provided to the contrary herein, all costs and expenses of whatever kind, whether general or special, ordinary or extraordinary, that may be necessary in connection with the use, occupancy or operation of the Premises shall be paid by Tenant. All provisions of this Lease are to be construed in light of the intent that this be a “Triple Net Lease”; provided, however, that Tenant shall not be obligated to pay any net income or franchise taxes which may be levied against Landlord.
Triple Net Rent. (Intentionally Deleted.)
Triple Net Rent. It is intended by Landlord and Tenant that this Lease be a "triple net lease." Tenant's Pro Rata Share of the costs and expenses described in this Section 8 and all other sums, charges, costs and expenses specified in this Lease (other than Base Rent) are to be paid by Tenant to Landlord as additional rent (collectively, "Additional Rent"). As used herein "Tenant's Pro Rata Share" shall mean (i) 100% of all Operating Expenses attributable only to the Building or any of Tenant's Property therein, (ii) 19% of that portion of the Operating Expenses attributable to the Common Areas and (iii) 100% of Tax Expenses attributable to the Building and the Lot. Notwithstanding the other provisions of this Section 8, at any time prior to the time the Lot is created as a separate legal tax parcel, Tenant's Pro Rata Share of Tax Expenses shall be 100% of the Tax Expenses attributable to the Building and 32% of the taxes imposed on the land comprising Assessor's Parcel No. 441- 0065-005-01.
Triple Net Rent. Commencing as of the Commencement Date, Rent under this Lease shall be “Net, Net, Net”. Other than any costs and expenses arising out of the Warranties (as set forth in Section 7.4 of this Lease), Tenant agrees to pay, as Additional Rent, all costs and expenses of every kind and nature whatsoever, ordinary and extraordinary, arising out of or in connection with the ownership, maintenance, repair, replacement, use and occupancy of the Premises during the Term of this Lease, together with all other amounts to be paid by Tenant pursuant to this Lease. Except for the Warranties, Landlord shall have no liability for costs of any nature with regard to such items.
