Common Area Charges. Lessee shall pay to Lessor, as additional Rent, an amount equal to Lessee's pro-rate share of the total common area charges of the Premises as defined below (the common area charges for the Premises is referred to herein as ("CAC")). Lessee shall pay to Lessor as Rent, on or before the first day of each calendar month during the Lease Term, subject to adjustment and reconciliation as provided herein below, the sum of Fourteen Thousand Four Hundred Seventy-Two Dollars ($14,472), said sum representing Lessee's estimated monthly payment of Lessee's percentage share of CAC. It is understood and agreed that Lessee's obligation under this paragraph shall be prorated to reflect the Commencement Date and the end of the Lease Term. Upon execution of this Lease, Lessee shall deposit with Lessor the first month's estimated CAC. Lessee's estimated monthly payment of CAC payable by Lessee during the calendar year in which the Lease commences is set forth above. At or prior to the commencement of each succeeding calendar year term (or as soon as practical thereafter), Lessor shall provide Lessee with Lessee's estimated monthly payment for CAC which Lessee shall pay to Lessor as Rent. Within 120 days of the end of the calendar year and the end of the Lease Term, Lessor shall provide Lessee a statement of actual CAC incurred including capital reserved for the preceding year or other applicable period in the case of a termination year. If such statement shows that Lessee has paid less than its actual percentage, then Lessee shall within thirty (30) days after demand pay to Lessor the amount of such deficiency. If such statement shows that Lessee has paid more than its actual percentage, then Lessor shall, at its option, promptly refund such excess to Lessee or credit the amount thereof to the Rent next becoming due from Lessee. Lessor reserves the right to revise any estimate of CAC if the actual or projected CAC show an increase or decrease in excess of 10% from an earlier estimate for the same period. In such event, Lessor shall provide a revised estimate to Lessee, together with an explanation of the reasons therefor, and Lessee shall revise its monthly payments accordingly. Lessor's and Lessee's obligation with respect to adjustments at the end of the Lease Term or earlier expiration of this Lease shall survive the Lease Term or earlier expiration.
Common Area Charges shall be an amount equal to Tenant's share of the costs, if any, incurred by Landlord in the exercise of its reasonable discretion, for the operation, repair and maintenance of the Common Areas as described in Section 1.01(c) herein, provided however, Landlord shall be solely responsible for all costs, expenses and taxes related to the construction of any additional buildings or similar capital improvements to the Common Areas or any maintenance thereto subsequent to the execution date of this Lease.
Common Area Charges means all of Landlord’s expenses for management, operation, repair, replacement and maintenance to keep the Leased Premises in good order, condition and repair, including, but not limited to: management fees; common area utilities; stormwater discharge fees; license, permit, inspection and other fees; fees and assessments imposed by any covenants or owners’ association; professional fees; security services; costs in complying with any governmental laws or ordinances; and maintenance, repair and replacement of the driveways, parking and loading areas (including snow removal), exterior lighting, landscaped areas, walkways, curbs, drainage strips, sewer lines, exterior walls, foundation, structural frame, roof and gutters. The cost of any capital improvement shall be amortized over the useful life of such improvement (as reasonably determined by Landlord), and only the amortized portion shall be included in Common Area Charges. Notwithstanding the foregoing, Tenant shall not be responsible for the cost of replacing the roof, exterior walls, foundation and/or structural frame of the Building.
Examples of Common Area Charges in a sentence
It therefore came as no surprise that the global response to the financial crisis in 2008 has not been channelled through the G8 (or even the G8+5 in the so-called Heiligendamm process), but through a broader grouping, the G20, which includes a number of the new actors, as defined in Section 1.24 Finally, it has become increasingly evident that within the United Nations, the EU is being challenged by these new actors.
Leasee shall pay to Lessor, without notice, except as may be required in this Lease, and without abatement, deduction or set-off, its Pro-Rata share of Common Area Charges.
Notwithstanding the foregoing, in no event shall the Common Area Charges include any of the following items: (i) general overhead costs of Lessor, (ii) at any time when there is more than one tenant of the Airpark, the cost of any specific items that are specifically intended to benefit specific tenants other than Leasee, (iii) any costs paid from another source (such as insurance proceeds), and (iv) any costs arising from the gross negligence or willful misconduct of Lessor.
Where it is obvious that neither of the parties to the marriage is genuinely interested in the welfare and upbringing of the child.2. Where neither parties to the marriage has applied for the custody.3. Where in the opinion of the court neither parents is fit to have custody of the child.
If the Owner(s) fail(s) to pay the monthly Common Area Charges or any portion thereof and said failure to pay exists for a period exceeding 30 days, the Association may notify the Owner(s) of said deficient payment and demand immediate payment to bring the Unit account current.
More Definitions of Common Area Charges
Common Area Charges means and include (a) all sums incurred in a manner deemed by Lessor to be reasonable and appropriate and for the best interest of the Office Building in connection with the operation, maintenance and repair of the Common Areas and Office Building, including costs incurred for the equipping, policing, protecting, advertising, promoting, lighting, heating, air conditioning, providing sanitation and other services for, snow removal, window cleaning, water, sewage, gas and electricity (subject to Lessee's responsibility under Article 14 hereof ), insuring (including any self-insurance and payment of deductible amounts under insurance policies), repairing, replacing and maintaining the (i) Common Areas, (ii) the Office Building and roof; and all other areas and facilities used in the maintenance or operation and utilization of the Office Building, and whether located within or outside of the Office Building, including operation and illumination of signage, service, hookup, connection fees and charges related to any of the foregoing, and also including the depreciation of maintenance equipment used in the operation and maintenance of the Common Areas and the Office Building, the total compensation and benefits (including premiums for worker's compensation and other insurance) paid to or on behalf of employees involved in the performance of work relating to any of the foregoing, the administrative costs, the management fees; and (b) any business privilege tax, any license fees, tax measured by or imposed upon the operations of the Office Building, but shall not include any federal or state income tax or any franchise, capital stock, estate or inheritance taxes. •
Common Area Charges. As defined in Section 9.1.
Common Area Charges means all of Landlord’s expenses for management, operation, repair, replacement and maintenance to keep the Building and common areas in good order, condition and repair (including all additional direct costs and expenses of operation and maintenance of the Building which Landlord reasonably determines it would have paid or incurred during such year if the Building had been fully occupied), including, but not limited to: management or administrative fees; common area utilities; stormwater discharge fees; license, permit, inspection and other fees; fees and assessments imposed by any covenants, trust indenture or owners’ association; professional fees; security services; costs in complying with any governmental laws or ordinances; and maintenance, repair and replacement of the driveways, parking and loading areas (including snow removal), exterior lighting, landscaped areas, walkways, curbs, drainage strips, sewer lines, exterior walls, foundation, structural frame, roof and gutters. The cost of any capital improvement shall be amortized over the useful life of such improvement (as reasonably determined by Landlord), and only the amortized portion shall be included in Common Area Charges. Common Area Charges shall include the cost of capital improvements only to the extent such capital improvements are made for the purpose of reducing Common Area Charges and only to the extent of such reduction, or for the purpose of complying with any law, code, ordinance, rule, regulation or order applicable to the Building or common areas that is not in effect on the date of this Lease.
Common Area Charges means all costs and expenses and other charges incurred in connection with the ownership, operation, insurance, maintenance and repair of the common area, and shall include, but not be limited to, the costs and expenses of the following:
Common Area Charges mean the fees, costs and other charges allocated to the respective Parcels by Tenant and paid by the respective Subtenants for the maintenance, repair, Restoration, Alteration and other upkeep of the Common Facilities (as defined in each Sublease).
Common Area Charges or “CAC” shall mean the charges payable by the Concessionaire for the purposes of provisioning of electricity in the common area and the charges towards, maintenance and provision of housekeeping, cleanliness, repair and solid waste management services, etc. in the common area.
Common Area Charges. When the individual or individuals responsible cannot be determined for dam- ages in public/common areas of the residence halls, an equal portion of the charges will be assessed against each student in the building and/or floor sharing the space. Each resident agrees to pay his/her portion of such charges.