Premises Expenses definition

Premises Expenses means Landlord's Cost incurred or paid in connection with 10 services provided by Landlord to Tenant at Tenant's expense under Article 6, Article 7 or Section 12.01 11 hereof including without limitation the costs and expenses identified as Premises Expenses on Exhibit L.

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Premises Expenses means the sum of the Operating Expenses Allocable to the Premises and the Tax Expenses Allocable to the Premises.

Premises Expenses shall have the meaning set forth in Section 4.02H hereof.

Examples of Premises Expenses in a sentence

All monies other than Base Rent required to be paid by Sublessee under this Agreement, including, without limitation, Operating Expenses and Additional Premises Expenses, shall be deemed additional rent ("Additional Rent").
After the first year of the term of this Lease Tenant shall pay actual Premises Expenses as defined above in 4(a), 4(b) and 4(c).
Within ninety (90) days following the end of each Lease Year, Lessor shall give to Lessee a statement (a “Statement”) which shall state the actual Premises Expenses incurred during such Lease Year.
Lessee’s obligation shall include, without limitation, restorations, replacements (except to the extent the Premises Expenses paid by Lessee include a reserve for a particular item) or renewals when necessary to keep the Premises and all improvements thereon or any part thereof in good order, condition and state of repair.
On the first day of each calendar month included in the first Lease Year of the Term, Lessee shall pay one-twelfth (l/12th) of the amount of Lessor’s estimated Premises Expenses for such first Lease Year (such estimated amount [the “Initial Estimated Amount”] is $102,400.00 and one-twelfth (1/12th) of such amount is $8,533.00), as additional rent.
An adjustment shall be made between the aggregate total of Tenant’s share of estimated Premises Expenses actually paid by Tenant during the prior Lease year, and Tenant’s share of Premises Expenses actually incurred during the prior Lease year, so that Landlord shall reimburse Tenant for any excess paid by Tenant, and Tenant shall pay any deficiency to Landlord within ten (10) days of demand.
Tenant shall pay on the RCD and the first day of each month thereafter, as additional 26 rent, together with the payment of Fixed Rent and the Fixed Expense Payment, an "Estimated Tenant's 27 Expense Payment," which shall be equal to one-twelfth (1/12th) of the entire amount of such projected 28 Premises Expenses.
Within ten (10) days of its receipt of any Statement, Lessee shall pay to Lessor the amount, if any, by which the actual Premises Expenses exceed the aggregate estimated payments made by Lessee during the period included in such Statement.
All monies other than Base Rent required to be paid by Sublessee under this Sublease, including, without limitation, Operating Expenses and Additional Premises Expenses, shall be deemed additional rent (“Additional Rent”).
Notwithstanding any provision to the contrary in this Lease, provided Lessee makes the payments of Premises Expenses pursuant to this Article, Lessee shall have no further responsibility for any part of the cost of replacement of any item for which Lessor has reserved pursuant to the foregoing, unless the need for replacement is caused by the damage or abuse by Lessee or any of Lessee’s Agents.

More Definitions of Premises Expenses

Premises Expenses means one hundred (100%) percent of Landlord's Operating Costs attributable to the Building and the Lot,

Premises Expenses means expenses incurred in connection with the premises or their development; the construction, reconstruction, alteration of buildings, structures, and improvements to the Premises; allowances, which may be paid to subtenants, concessionaires, or licensees required by their respective agreements; development costs, including site preparation, site investigation, off-site improvements, temporary improvements, maintenance of off-site improvements, test borings, oiling, filling, compacting, dredging, excavation, and demolition; bringing utilities to the demised premises; customary and reasonable related professional fees and disbursements, including those of attorneys, architects, brokers, surveyors, and engineers; contractors’ overhead and profit; fees, charges, and expenses of the applicable Fee Mortgage lender or of any Leasehold Mortgage lender (see section 8); commitment fees and other charges with respect to all mortgage loans; interest charges with respect to construction loans; real estate taxes; and insurance premiums incurred before the consummation of the loan secured by the first permanent Fee Mortgage executed by the Landlord.

Premises Expenses means one hundred (100%) percent of Landlord's Operating Costs attributable to the Building and the Lot; provided, however, that in any calendar year in which the average annual occupancy of the Building is less than 95%, Landlord's Operating Costs as defined herein shall also include such additional costs as would reasonably have been incurred by Landlord with respect to the operating, administration, cleaning, repair, maintenance and management of the Property with 95% average annual occupancy.