Operating Expense Base Amount definition
Examples of Operating Expense Base Amount in a sentence
As Additional Rent, Tenant shall pay Tenant’s Share (specified in Section G of the Summary) of the amount (if any) by which Operating Expenses paid or incurred in any calendar year during the Lease Term exceeds the Operating Expense Base Amount identified in Section P of the Summary (which excess is referred to herein as the “Excess Expenses”) for any annual period or portion hereof.
Commencing January 1, 2014, Tenant will pay as "additional rent" for Suite 700, Tenant's Proportionate Share of the increases, in Operating Expenses and Taxes, per rentable square foot of Suite 700, in excess of the Suite 700 Operating Expense Base Amount and Suite 700 Tax Base Amount, respectively.
Landlord, at its sole cost and expense as a capital item and not to be included in the Operating Expense Base Amount, shall make upgrades to the Building pursuant generally to the plans titled “Granite Tower Design Package” dated October 29, 2018, by DLR Group, a copy of which is attached hereto as Exhibit D.
Tenant’s proportionate share of the amount determined by Landlord and payable by Tenant as the estimated increase in Operating Expenses for the ensuing calendar year over the Operating Expense Base Amount, which amount is payable in twelve (12) equal monthly installments.
As Additional Rent, Tenant shall pay Tenant’s share (specified in Section G of the Summary) of the amount (if any) by which Common Operating Expenses paid or incurred in any Landlord’s fiscal year during the Lease Term exceeds the Common Operating Expense Base Amount defined in Section O of the Summary (which excess is referred to herein as the “Excess Expenses”) for any annual period or portion thereof.
Commencing January 1, 2012, Tenant will pay as "additional rent'' for Suite 1900 and Suite 2000, Tenant's Proportionate Share of the increases, in Operating Expenses and Taxes, per rentable square foot of Suite 1900 and Suite 2000, in excess of the Suite 1900 Operating Expense Base Amount, Suite 1900 Tax Base Amount, Suite 2000 Operating Expense Base Amount and Suite 2000 Tax Base Amount, respectively.
As Additional Rent, Tenant shall pay Tenant's Share (specified in Section G of the Summary) of the amount (if any) by which Common Operating Expenses paid or incurred in any calendar year during the Lease Term exceeds the Common Operating Expense Base Amount identified in Section P of the Summary (which excess is referred to herein as the "Excess Expense") for any annual period or portion hereof.
As Additional Rent, Tenant shall pay Tenant’s Share (specified in Section G of the Summary) of the amount (if any) by which Common Operating Expenses paid or incurred in any calendar year during the Lease Term exceeds the Common Operating Expense Base Amount identified in Section P of the Summary (which excess is referred to herein as the “Excess Expenses”) for any annual period or portion hereof.
As of January 1, 2014, the "Suite 500 Operating Expense Base Amount", "Suite 500 Tax Base Amount", for Suite 500 only will be the dollar amounts of Operating Expenses and Taxes, respectively, per rentable square foot calculated by Landlord for the calendar year 2014, as they may be adjusted pursuant to subparagraph 4(a)(vii)(A) of the Original Lease.
Upon any such partial taking, Landlord shall have the right to reduce the Operating Expense Base Amount by an amount equal to the product of (x) the amount of property tax savings to Landlord arising from such partial taking, as determined by Landlord in its sole but reasonable discretion, divided by the number of square feet of Rentable Office Floor Area of the Building, multiplied by (y) the number of square feet of Rentable Floor Area of the Premises.