CAM Charges means common area maintenance charges, and shall be @10% of the applicable Space Rent for the area under their occupation.
CAM Charges means the proportionate share of common area maintenance and service charges to be paid by the Purchasers inter alia for the maintenance of the Unit/Building/Property, costs of insurances and supervisory expenses but shall not include property taxes payable in respect of the various units but will include property taxes payable for the common parts and portions. The proportionate amount agreed to be paid by the Purchasers on account of the service and maintenance charges shall be determined by the Developer and/or Seller and/or the Association in their absolute discretion.
CAM Charges means all reasonable third party expenses incurred by Landlord in providing Project Services, for ad valorem real property taxes and assessments levied against the Leased Premises and the Building by governmental authority, for the share of any assessments levied against the Building or the Leased Premises pursuant to any recorded instrument or otherwise applicable to the Project but only as to the amount thereof allocable to the Leased Premises or the Building and for any insurance premiums Landlord is required to pay with respect to the Building or Leased Premises pursuant to this Lease. Notwithstanding anything contained herein to the contrary, CAM Charges shall exclude or have deducted from them, the expenses listed on Exhibit F, attached hereto and made a part hereof. Prior to the beginning of each calendar year, and from time to time thereafter, Landlord shall deliver to Tenant its estimate of the CAM Charges to be incurred during the next calendar year. Landlord may adjust the estimate from time to time during the year to which it relates. On the first day of each month during the Lease Term, Tenant shall pay to Landlord, as additional rent, without offset or deduction, an amount equal to one-twelfth (1/12) of the estimated annual CAM Charges as calculated by Landlord. Within ninety (90) days following the end of each calendar year, Landlord shall furnish to Tenant a statement showing the total actual CAM Charges for the calendar year just expired and payments made by Tenant during such calendar year. If the actual CAM Charges for such calendar year exceed the aggregate of Tenant’s monthly payments made during the calendar year just expired, Tenant shall pay to Landlord the deficiency within thirty (30) days after receipt of said statement. If Tenant’s payments exceed the actual CAM Charges as shown on such statement, Landlord shall pay to Tenant the overage within thirty (30) days after receipt of said statement. Promptly following the delivery by Landlord to Tenant of the aforementioned statement, the estimated CAM Charges shall be adjusted accordingly for the ensuing calendar year. Upon computation of the CAM Charges and the corresponding adjustment of the estimated CAM Charges for the current calendar year and the communication of that adjustment by Landlord to Tenant, Tenant shall pay, with the monthly installment of Base Rent and the adjusted amount of CAM Charges next due following communication of such adjustments, the difference, if any, be...
Examples of CAM Charges in a sentence
As used herein, the term “CAM Lease Year” means the twelve (12) month period as to which annual CAM Charges are owed under each Lease.
As used herein, the term “CAM Lease Year” means the twelve (12) month period as to which annual CAM Charges are owed under each Tenant Lease.
Buyer shall be responsible for the CAM Charges reconciliation on a lease-by-lease basis for their ownership period within the CAM Lease Year including the Closing Date.
Seller shall be responsible for the CAM Charges reconciliation on a lease-by-lease basis for their ownership period within the CAM Lease Year up to, but not including, the Closing Date.
Each party will be responsible for any CAM Charges “true up” necessary to the extent that any Tenant Lease provides for a “true up”.
More Definitions of CAM Charges
CAM Charges. Means the amount of the CAM that is required to be paid to the Developer by every tenant and property owner in the Property.
CAM Charges means the maintenance charges payable by the Purchaser inter alia for the maintenance of the Common Areas and Amenities of Project and other common areas of the said Property and for the provision of common amenities and facilities available to the Purchaser in the Project/said Property.
CAM Charges is defined in Section 5.5(b).
CAM Charges means all expenses, costs, and amounts (other than Real Estate Taxes) of every kind and nature which Landlord shall pay during any Adjustment Period of which any portion occurs during the Terra, because of or in connection with the ownership, management, repair, maintenance, restoration, and / or operation of the common areas of the Development, including
CAM Charges shall have the meaning assigned thereto in Section 10.1(c).
CAM Charges shall have the meaning ascribed to it in Clause 15.5.
CAM Charges shall have the meaning ascribed thereto in SECTION 4.8.2 hereof.