Common use of OPERATING COSTS ADJUSTMENT Clause in Contracts

OPERATING COSTS ADJUSTMENT. The Base Rent payable pursuant to Section 1 of the Sixth Amendment to Lease is predicated, in part, upon an operating cost "stop" for the Building of $5.79 per rentable square foot. Tenant shall pay to Landlord as additional rent for the Existing Space the amount derived by multiplying 51,872 (being the rentable area of the Existing Space)by the amount by which the total annual operating costs of the Building exceed $5.79 per rentable square foot.

Appears in 1 contract

Sources: Lease (Health Risk Management Inc /Mn/)

OPERATING COSTS ADJUSTMENT. The Base Rent payable pursuant to Section 1 of the Sixth Fourth Amendment to Lease is predicated, in part, upon an operating cost "stop" for the Building of $5.79 per rentable square foot. Tenant shall pay to Landlord as additional rent for the Existing Space the amount derived by multiplying 51,872 51,393 (being the rentable area of the Existing Space)by the amount by which the total annual operating costs of the Building exceed $5.79 per rentable square foot.

Appears in 1 contract

Sources: Lease Agreement (Health Risk Management Inc /Mn/)