Operating Expense Contribution Clause Samples

The Operating Expense Contribution clause defines the obligation of one party, typically a tenant, to pay a share of the ongoing costs associated with operating and maintaining a property. This clause outlines which expenses are included—such as utilities, maintenance, insurance, and property taxes—and specifies how the contribution is calculated, often as a proportion of the total expenses based on leased space. Its core function is to ensure that the costs of property upkeep are fairly distributed among occupants, preventing disputes and clarifying financial responsibilities.
Operating Expense Contribution. In order to defray a portion of the costs incurred by Licensor to operate the Property, Licensee shall pay to Licensor each month in advance on or before the first day of each month a fixed monthly Operating Expense Contribution in the amount set forth in Section 1(i) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the Converted CPR Ag Lot (defined in Addendum A.2), Licensor may provide Licensee with written notice thereof and thereafter the monthly Operating Expense Contribution shall be adjusted to equal the actual amount of common expenses assessed by the CPR Association against the Converted CPR Ag Lot.
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Operating Expense Contribution. Tenant shall pay Operating Expense Contribution equal to Tenant's proportionate share of the annual Operating Expenses, estimated at $7.54 per rentable square foot per annum including utilities (excluding electric), real estate taxes and insurance for year 2004 & 2005, subject to adjustment at the beginning of each calendar year for remainder of lease. Operating Expense Contribution shall be paid in equal monthly installments along with the Base Rent andf electric.
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Operating Expense Contribution. In order to defray a portion of the costs incurred by Licensor to operate the Project and/or the Property, Licensee shall pay to Licensor each month in advance on or before the first day of each month a fixed monthly Operating Expense Contribution in the amount set forth in Section 1(g) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the CPR Ag Lots within the Project, Licensor, upon thirty (30) days advance written notice to Licensee, may adjust the amount of the monthly Operating Expense Contribution so that it equals the Licensee’s proportionate share (defined in Section 3.b) of the common expenses assessed by the CPR Association against all the CPR Ag Lots owned by Licensor; provided, however, once the Converted CPR Ag Lot is assessed separately from any of the other CPR Ag Lots, the monthly Operating Expense Contribution shall be adjusted to equal the actual amount of common expenses assessed by the CPR Association against the Converted CPR Ag Lot.
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Operating Expense Contribution. Tenant shall pay Operating Expense Contribution equal to Tenant’s pro-rata proportionate share of the annual Operating Expenses on a calendar year basis, (excluding electric), including real estate taxes and insurance, for the calendar year of Lease Commencement, subject to adjustment at the beginning of each calendar year for the remainder of the Lease. Operating Expense Contribution shall be paid in equal monthly installments along with the Base Rent and Common Area electric. Landlord shall estimate the Operating Expenses to be paid on a monthly basis for each calendar year.
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Operating Expense Contribution. In order to defray a portion of the costs incurred by Licensor to operate the Property, Licensee shall pay to Licensor each month in advance on or before the first day of each month a fixed monthly Operating Expense Contribution in the amount set forth in Section 1(g) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the Converted CPR Ag Lot, Licensor may provide Licensee with written notice thereof and thereafter the monthly Operating Expense Contribution shall be adjusted to equal the actual amount of common expenses assessed by the CPR Association against the Converted CPR Ag Lot.
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Related to Operating Expense Contribution

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • 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.

  • Tax Expenses Tenant shall pay to Landlord Tenant’s Share of all Tax Expenses applicable to the Project. Prior to delinquency, Tenant shall pay any and all taxes and assessments levied upon Tenant’s Property (defined below in Section 10) located or installed in or about the Premises by, or on behalf of Tenant. To the extent any such taxes or assessments are not separately assessed or billed to Tenant, then Tenant shall pay the amount thereof as invoiced by Landlord. Tenant shall also reimburse and pay Landlord, as Additional Rent, within ten (10) days after demand therefor, one hundred percent (100%) of (i) any increase in real property taxes attributable to any and all Alterations (defined below in Section 10), Tenant Improvements, fixtures, equipment or other improvements of any kind whatsoever placed in, on or about the Premises for the benefit of, at the request of, or by Tenant, and (ii) taxes and assessments levied or assessed upon or with respect to the possession, operation, use or occupancy by Tenant of the Premises or any other portion of the Project. “Tax Expenses” means, without limitation, any form of tax and assessment (general, special, supplemental, ordinary or extraordinary), commercial rental tax, payments under any improvement bond or bonds, license fees, license tax, business license fee, rental tax, transaction tax or levy imposed by any authority having the direct or indirect power of tax (including any governmental, school, agricultural, lighting or other improvement district) as against any legal or equitable interest of Landlord in the Premises, Project or Park or any other tax, fee, or excise, however described, including, but not limited to, any tax resulting from the recordation of any parcel or subdivision map with respect to the Park and/or any tax imposed in substitution (partially or totally) of any tax previously included within the definition of Tax Expenses. “Tax Expenses” shall not include (a) any franchise, estate, inheritance, net income, or excess profits tax imposed upon Landlord, (b) any penalty or fee imposed solely as a result of Landlord’s failure to pay Tax Expenses when due, and (c) any items included as Operating Expenses. In the event that a parcel or subdivision map with respect to the Park or a portion of the Park is recorded by Landlord, Tenant’s Share of Tax Expenses shall be commensurately revised to reflect any increases or decreases that may result from the impact of such parcel or subdivision map.

  • Common Area Operating Expenses Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, Lessee's Share (as specified in Paragraph 1.6(b)) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:

  • 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”).