Operating Expense Payments. During each month of the Lease Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12 of the annual cost, as estimated by Landlord from time to time, of Tenant’s Proportionate Share (hereinafter defined) of Operating Expenses for the Property and Building. Payments thereof for any fractional calendar month shall be prorated.
Appears in 2 contracts
Sources: Lease Agreement (MetaMorphix Inc.), Sublease (MetaMorphix Inc.)
Operating Expense Payments. During (a) Beginning in 2008, during each subsequent month of the Lease Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12 of the annual cost, as estimated by Landlord from time to time, of Tenant’s Proportionate Share (hereinafter defined) of Excess Operating Expenses for the Property and BuildingProject. Payments thereof for any fractional calendar month shall be prorated.
Appears in 1 contract
Operating Expense Payments. (a) During each month of the Lease Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12 one-twelfth (1/12) of the annual cost, as estimated by Landlord from time to time, of Tenant’s Proportionate Share (hereinafter defined) of Operating Expenses for the Property and Building. Payments thereof for any fractional calendar month shall be proratedProject.
Appears in 1 contract
Sources: Commercial Lease Agreement (Grown Rogue International Inc.)
Operating Expense Payments. During each month of the Lease Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12 of the annual cost, as estimated by Landlord from time to time, of Tenant’s 's Proportionate Share (hereinafter defined) of Operating Expenses for the Property and BuildingProject. Payments thereof for any fractional calendar month shall be prorated.Payments
Appears in 1 contract
Operating Expense Payments. (a) During each month of the Lease Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12 of the annual cost, as estimated by Landlord from time to time, of Tenant’s Proportionate Share (hereinafter defined) of Operating Expenses for the Property and BuildingProject. Payments thereof for any fractional calendar month shall be prorated.
Appears in 1 contract
Sources: Lease Agreement (Phunware, Inc.)
Operating Expense Payments. During each month of the Lease Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12 of the annual cost, as estimated by Landlord from time to time, of Tenant’s 's Proportionate Share (hereinafter defined) of Operating Expenses for the Property and Building. Payments thereof for any fractional calendar month shall be prorated.Share
Appears in 1 contract
Operating Expense Payments. During each month of the Lease TermTerm subsequent to the Base Year, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12 of the annual cost, as estimated by Landlord from time to time, of Tenant’s Proportionate Share (hereinafter defined) of Excess Operating Expenses for the Property and BuildingProject. Payments thereof for any fractional calendar month shall be prorated.be
Appears in 1 contract
Operating Expense Payments. (a) During each month of the Lease Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12 of the annual cost, as estimated by Landlord from time to time, of Tenant’s 's Proportionate Share (hereinafter definedas defined ON THE FIRST PAGE OF THIS LEASE) of Operating Expenses for the Property and BuildingProject. Payments thereof for any fractional calendar month shall be prorated.
Appears in 1 contract
Sources: Lease Agreement (Interphase Corp)
Operating Expense Payments. (a) During each month of the Lease Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12 of the annual cost, as estimated by Landlord from time to time, but not more than twice per year, of Tenant’s Proportionate Share (hereinafter defined) of Operating Expenses for the Property and Building. Project Payments thereof for any fractional calendar month shall be prorated.
Appears in 1 contract
Sources: Assignment of Lease (Rackspace Inc)
Operating Expense Payments. During each month of the Lease Term, on the -------------------------- same date that Base Basic Rent is due, Tenant shall pay Landlord an amount equal to 1/12 of the annual cost, as estimated by Landlord from time to timeon an annual basis, of Tenant’s 's Proportionate Share (hereinafter defined) of Operating Expenses for the Property and Building. Payments thereof for any fractional calendar month shall be prorated.Share
Appears in 1 contract