Increased Operating Costs Clause Samples

Increased Operating Costs. Tenant’s Share of Increased Operating Costs shall be based on the Operating Costs, defined in Section 4.2(b)(iii), attributable to the Real Property, defined in Section 1.2, and maintenance and repair of the Common Areas, as defined in Section 2.1, and the parking areas as defined in Article 7. Landlord shall have the flexibility and discretion to determine how best to allocate the Operating Costs, taking into account the efficient operation of the Real Property, so long as Landlord makes good-faith efforts to ensure that Tenant pays its equitable share of Increased Operating Costs.
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Increased Operating Costs. On or before April 1 of each calendar year, Landlord shall deliver to Tenant a reasonably detailed written statement of the actual Taxes and Operating Costs for the preceding calendar year, together with reasonable supporting documentation to permit Tenant to confirm the accuracy of all charges and calculations. If total payments made by Tenant based upon such estimates exceed Tenant's Prorata Share of actual Increased Taxes and Increased Operating Costs as finally determined for the Lease Year in question, then any overpayment shall be credited in full to such payments next coming due under this Lease. If total payments based upon such estimates are less than the actual amounts required to pay in full Tenant's Prorata Share of actual Increased Taxes and Increased Operating Costs for the year in question, then Tenant shall pay to Landlord the full amount of the deficiency within thirty (30) days after receiving written notice from Landlord of the amount of such deficiency. The Additional Rent payment for any fractional month at the commencement, termination or expiration of the Term shall be prorated accordingly. Payments of Additional Rent shall be made by Tenant without offset, deduction, demand, or abatement whatsoever (except as otherwise expressly provided in this Lease), in lawful money of the United States.
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Increased Operating Costs. Before the start of each calendar year during the Term, or as soon thereafter as practicable, Landlord shall furnish Tenant with a statement of its estimate of the Increased Operating Costs for the following calendar year ("Landlord's Estimate"). On the first day of each calendar month during such calendar year, Tenant shall pay to Landlord one-twelfth (1/12th) of the amount in Landlord's Estimate, together with the Monthly Base Rent.
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Increased Operating Costs. If Landlord's costs, as determined by its auditors, of owning and maintaining the Building, including the parking garage and other facilities maintained for the benefit of the Building or its tenants, during any calendar month of the lease term, exceeds the average monthly cost for the first twelve (12) months of the term, Tenant will pay to Landlord each month thereafter an amount representing Tenant's proportionate share of the increased cost. This amount is referred to as "additional rent" under this lease.
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Increased Operating Costs. If the Newmark Report is no longer published, the parties agree to use a similar report that will accurately describe the market conditions of Somerset County, New Jersey for similar leased space.
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Related to Increased Operating Costs

  • Operating Costs Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs, such monthly amounts to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs, as reasonably estimated by Landlord from time to time. The initial monthly estimated payments shall be in an amount equal to 1/12th of the Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year. If, at the expiration of the year in respect of which monthly installments of Operating Costs shall have been made as aforesaid, the total of such monthly remittances is greater than the actual Operating Costs for such year, Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such remittances is less than the Operating Costs for such year, Tenant shall pay the difference to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement of the Operating Costs, prepared, allocated and computed in accordance with generally accepted accounting principles. Any reimbursement for Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Rent and Operating Expenses Section 4.1 Basic Rent Section 4.2 Operating Expenses Section 4.3

  • Operating Expenses During the term of this Lease Tenant shall pay to Landlord as additional rent all ad valorem taxes and operating expenses and other charges of every kind and nature (“Operating Expenses”) incurred or paid by Landlord in connection with the maintenance, repair, operation, management, or ownership of the Premises. If requested, Tenant agrees to pay Landlord on the first day of each calendar month, together with the payment of rent, such amount as Landlord estimates from time to time as necessary to pay such expenses. Landlord shall ▇▇▇▇ Tenant annually after the end of each year for such expenses. In the event the aggregate of Tenant’s installments during the year shall be less than the amount of Operating Expenses due from Tenant, such deficiency shall be paid to Landlord within ten (10) days after demand therefore. In the event the aggregate of Tenant’s installments during the year shall be more than the amount of Operating Expenses due from Tenant, such overpayment shall be applied to Tenant’s next monthly installment of Operating Expenses and Rent. As used herein, the term “Operating Expenses” shall include the cost of maintaining casualty and public liability insurance covering the Premises, real estate ad valorem taxes and all costs of managing, operating and maintaining the Premises, including but not limited to: costs of constructing, maintaining and repairing on site and off-site traffic controls; decorating, painting, lighting, sanitary control, and removal of trash, garbage and other refuse; maintenance, repair and replacement of utility systems serving any common areas, including water, sanitary sewer and storm water lines and other utility lines, pipes and conduits; costs of utilities, including water, sewer, electricity, and gas; janitorial, sweeping and cleaning services, trash bin rentals, trash pickup fees, licenses, permits and inspection fees; parking lot painting and restriping; planting, irrigating, gardening and landscaping; signs and markers; parking control and security guards and fire protection or detection service; all general maintenance and repair; other general operation and maintenance costs and expenses; all labor and supplies required by the foregoing; and administrative costs directly attributable thereto.

  • Projected Operating Budget Furnish Agent, no later than thirty (30) days prior to the beginning of Borrower’s fiscal years commencing with fiscal year 2010, a month by month projected operating budget and cash flow of Borrower on a condolidated and consolidating basis for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.