Common use of EXPENSES OF OPERATION Clause in Contracts

EXPENSES OF OPERATION. MANAGEMENT, AND MAINTENANCE OF THE COMMON AREAS ---------------------------------------------------------------------- OF THE COMPLEX. As Additional Rent and in accordance with Paragraph 4D of this -------------- Lease, Tenant shall pay to Landlord Tenant's proportionate share (calculated on a square footage or other equitable basis as calculated by Landlord) of all expenses of operation, management, maintenance and repair of the Common Areas of the Complex including, but not limited to, license, permit, and inspection fees; security; utility charges associated with exterior landscaping and lighting (including water and sewer charges); all charges incurred in the maintenance and replacement of landscaped areas, lakes, parking lots and paved areas (including repair, replacement, resealing and restriping), sidewalks, driveways; maintenance, repair, and replacement of all fixtures and electrical, mechanical and plumbing systems; structural elements and exterior surfaces of the buildings; salaries and employees benefits of personnel and payroll taxes applicable thereto; supplies, materials, equipment and tools; the cost of capital expenditures which have the effect of reducing operating expenses, provided, however, that in the event Landlord makes such capital improvements, Landlord may amortize its investment in said improvements (together with interest at the rate of fifteen percent (15%) per annum on the unamortized balance) as an operating expense in accordance with standard accounting practices, provided, that such amortization is not at a rate greater than the anticipated savings in the operating expenses.

Appears in 1 contract

Sources: Lease Agreement (Opti Inc)

EXPENSES OF OPERATION. MANAGEMENT, MAINTENANCE AND MAINTENANCE REPAIR OF THE COMMON AREAS ---------------------------------------------------------------------- OF THE COMPLEXPARCEL AND BUILDING IN WHICH THE PREMISES ARE LOCATED. A. Maintenance of the Common Areas of the Parcel. Landlord shall operate, manage and maintain the Common Areas of the Parcel. As Additional Rent and in accordance with Paragraph 4D 4.D of this -------------- Lease, Tenant shall pay to Landlord Tenant's proportionate share (calculated on a square footage or other equitable basis as calculated by Landlord) ’s Proportionate Share of all expenses of operation, management, maintenance and repair of the Common Areas of the Complex Parcel including, but not limited to, license, permit, and inspection fees; security; utility charges associated with exterior landscaping and lighting (including water and sewer charges); all charges incurred in the maintenance and replacement of landscaped areas, lakes, parking lots and paved areas (including repairrepairs’, replacement, resealing and restriping), sidewalks, driveways; , maintenance, repair, repair and replacement of all fixtures and electrical, mechanical and plumbing systems; structural elements and exterior surfaces of the buildings; salaries and employees benefits of personnel and payroll taxes applicable thereto; supplies, materials, equipment and tools; the cost of capital expenditures which have the effect of reducing operating expenses, provided, however, that in the event Landlord makes such capital improvements, Landlord may shall amortize its investment in said improvements (together with interest at the rate of fifteen percent (15%) percent per annum on the unamortized balancebalance if Landlord elects to allocate payment to Tenant monthly over the Term of the Lease, rather than requiring Tenant to pay such amortized costs in one lump sum) (“Amortized Cost”) as an operating expense in accordance with standard accounting practices, provided, that such amortization is not at a rate greater than the anticipated savings in the operating expenses.

Appears in 1 contract

Sources: Lease Agreement (Sonics, Inc.)

EXPENSES OF OPERATION. MANAGEMENT, AND MAINTENANCE OF THE COMMON AREAS ---------------------------------------------------------------------- OF ------------------------------------------------------------------------- THE COMPLEX. PARCEL AND BUILDING IN WHICH THE PREMISES ARE LOCATED: As Additional Rent --------------------------------------------------------- and in accordance with Paragraph 4D of this -------------- Lease, Tenant shall pay to Landlord Tenant's proportionate share (calculated on a square footage or other equitable basis as calculated by Landlordlandlord) of all expenses of operation, management, maintenance and repair of the Common Areas of the Complex Parcel/Building including, but not limited to, license, permit, and inspection fees; security; utility charges associated with exterior landscaping and lighting (including water and sewer charges); all charges incurred in the maintenance and replacement of landscaped areas, lakes, parking lots and paved areas (including repair, replacement, resealing and restriping)lots, sidewalks, driveways; , maintenance, repair, repair and replacement of all fixtures and electrical, mechanical and plumbing systems; structural elements and exterior surfaces of the buildings; salaries and employees employee benefits of personnel and payroll taxes applicable thereto; supplies, materials, equipment and tools; the cost of capital expenditures which have the effect of reducing operating expenses, provided, however, that in the event Landlord makes such capital improvements, Landlord may amortize its investment in said improvements (together with interest at the rate of fifteen percent (15%) percent per annum on the unamortized balance) as an operating expense in accordance with standard accounting practices, provided, that such amortization is not at a rate greater than the anticipated savings in the operating expenses.

Appears in 1 contract

Sources: Lease Agreement (Scios Inc)