Common use of ADDITIONAL RENT - GENERAL COVENANT Clause in Contracts

ADDITIONAL RENT - GENERAL COVENANT. Tenant covenants and agrees to pay to Landlord, as “Additional Rent”, (i) an amount equal to the product of (a) the Rentable Floor Area of the Premises and (b) the excess (if any) of Landlord’s Operating Expenses per square foot of Rentable Floor Area of the Building over Base Operating Expenses per Square Foot of Rentable Floor Area of the Building, (ii) an amount equal to the product of (a) the Rentable Floor Area of the Premises and (b) the excess (if any) of Landlord’s Taxes per square foot of Rentable Floor Area of the Building over Base Taxes Per Square Foot of Rentable Floor Area of the Building provided that if less than the Total Rentable Floor Area of the Building is occupied at any time during such period (including the applicable Base Year), Landlord may extrapolate components of Landlord’s Operating Expenses that vary with occupancy as though the Total Rentable Floor Area of the Building had been ninety-five percent (95%) occupied at all times during such period, and (iii) any other charges payable by Tenant to Landlord under this Lease. The term “Rent” as used in this Lease shall mean Annual Fixed Rent and Additional Rent as set forth in this Lease. Appropriate adjustments shall be made for any portion of a year at the beginning or end of the Term.

Appears in 2 contracts

Samples: IntraLinks Holdings, Inc., IntraLinks Holdings, Inc.

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ADDITIONAL RENT - GENERAL COVENANT. Tenant covenants and agrees to pay to Landlord, as “Additional Rent”, (i) an amount equal to the product of (a) the Rentable Floor Area of the Premises and (b) the excess (if any) of Landlord’s Operating Expenses per square foot of Rentable Floor Area of the Building over Base Operating Expenses per Square Foot of Rentable Floor Area of the Building, (ii) an amount equal to the product of (a) the Rentable Floor Area of the Premises and (b) the excess (if any) of Landlord’s Taxes per square foot of Rentable Floor Area of the Building over Base Taxes Per Square Foot of Rentable Floor Area of the Building provided that if less than the Total Rentable Floor Area of the Building is occupied at any time during such period (including the applicable Base Year)period, Landlord may extrapolate components of Landlord’s Operating Expenses that vary with occupancy and Landlord’s Taxes as though the Total Rentable Floor Area of the Building had been ninety-five percent (95%) occupied at all times during such period, and (iii) any other charges payable by Tenant to Landlord under this Lease. The term “Rent” as used in this Lease shall mean Annual Fixed Rent and Additional Rent as set forth in this Lease. Appropriate adjustments shall be made for any portion of a year at the beginning or end of the Term.

Appears in 2 contracts

Samples: Sublease Agreement (Biofrontera AG), Sublease Agreement (Biofrontera AG)

ADDITIONAL RENT - GENERAL COVENANT. Tenant covenants and agrees to pay to Landlord, as "Additional Rent", (i) an amount equal to the product of (a) the Rentable Floor Area of the Premises and (b) the excess (if any) of Landlord’s 's Operating Expenses per square foot of Rentable Floor Area of the Building over Base Operating Expenses per Square Foot of Rentable Floor Area of the Building, (ii) an amount equal to the product of (a) the Rentable Floor Area of the Premises and (b) the excess (if any) of Landlord’s 's Taxes per square foot of Rentable Floor Area of the Building over Base Taxes Per Square Foot of Rentable Floor Area of the Building Building, provided that if less than the Total Rentable Floor Area of the Building is occupied at any time during such period (including without limitation the applicable Base Year"base year" of calendar year 2005), Landlord may shall reasonably extrapolate any components of Landlord’s 's Operating Expenses that vary with based upon occupancy of the Building (e.g., janitorial costs) as though the Total Rentable Floor Area of the Building had been ninety-five percent (95%) occupied at all times during such period, and (iii) any other charges payable by Tenant to Landlord under this Lease. The term "Rent" as used in this Lease shall mean Annual Fixed Rent and Additional Rent as set forth in this Lease. Appropriate adjustments shall be made for any portion of a year at the beginning or end of the Term. Landlord agrees, upon request of Tenant, to provide Tenant with a description of the method and calculations used by Landlord to perform such extrapolation.

Appears in 1 contract

Samples: Office Lease (Mac-Gray Corp)

ADDITIONAL RENT - GENERAL COVENANT. Tenant covenants and agrees to pay to Landlord, as “Additional Rent”additional rent in accordance with the method set forth in Section 2.6.2, (i) an amount equal to the product of (a) the Rentable Floor Area of the Premises and (b) the excess (if any) of Landlord’s 's Operating Expenses per square foot of Rentable Floor Area of the Building allocable to Tenant over Base Operating Expenses per Per Square Foot (as specified in Section 1.1). Except as provided in the next sentence, Landlord's Operating Expenses per square foot allocable to Tenant for any period shall be the total amount of Rentable Floor Area Landlord's Operating Expenses for such period (actual or extrapolated, as described herein) divided by the greater of (i) the actual percentage of rentable floor area of the Building, Building actually occupied during such period or (ii) an amount equal to the product of (a) the Rentable Floor Area 95% of the Premises and (b) the excess (if any) of Landlord’s Taxes per square foot of Rentable Floor Area of the Building over Base Taxes Per Square Foot of Total Rentable Floor Area of the Building provided that if less than 95% of the Total Rentable Floor Area of the Building is occupied at any time during such period (including and any components of Landlord's Operating Expenses vary based on the applicable Base Year)degree of occupancy in the Building, Landlord may extrapolate such components of Landlord’s 's Operating Expenses that vary with occupancy as though the Total Rentable Floor Area of the Building had been ninety-five percent (95%) occupied at all times during such period. If Landlord is not obligated to furnish electricity, cleaning and janitorial services, or any other item services, the costs of which are included in Landlord's Operating Expenses, to all rentable areas of the Building or if Landlord furnishes amounts of any such item services to the Premises in return for direct reimbursement of the cost thereof (any such item not furnished to all rentable areas or furnished to any rentable areas on a direct reimbursement basis is referred to as a "restricted item"), Landlord's Operating Expenses per square foot allocable to Tenant for any period shall be the sum of the following amounts (x) and (iii) any other charges payable by Tenant to Landlord under this Lease. The term “Rent” as used in this Lease shall mean Annual Fixed Rent and Additional Rent as set forth in this Lease. Appropriate adjustments shall be made for any portion of a year at the beginning or end of the Term.y):

Appears in 1 contract

Samples: Pure Atria Corp

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ADDITIONAL RENT - GENERAL COVENANT. Commencing on the first anniversary of the Term Commencement Date, Tenant covenants and agrees to pay to Landlord, as “Additional Rent”, (i) an amount equal to the product of (a) the Rentable Floor Area of the Premises and (b) the excess (if any) of Landlord’s Operating Expenses per square foot of Rentable Floor Area of the Building over Base Operating Expenses per Square Foot square foot of Rentable Floor Area of the Building, (ii) an amount equal to the product of (a) the Rentable Floor Area of the Premises and (b) the excess (if any) of Landlord’s Taxes per square foot of Rentable Floor Area of the Building over Base Taxes Per Square Foot per square foot of Rentable Floor Area of the Building Building, provided that if less than the Total Rentable Floor Area of the Building is occupied at any time during such period (including the applicable Base Year)period, Landlord may extrapolate those variable components of Landlord’s Operating Expenses (i.e., those components that vary with based on the level of occupancy of the Building) and Landlord’s Taxes as though the Total Rentable Floor Area of the Building had been ninety-five percent (95%) occupied at all times during such period, and (iii) any other charges payable by Tenant to Landlord under this Lease. The term “Rent” as used in this Lease shall mean Annual Fixed Rent and Additional Rent as set forth in this Lease. Appropriate adjustments shall be made for any portion of a year at the beginning or end of the Term.

Appears in 1 contract

Samples: Edgewater Office (Alliance Data Systems Corp)

ADDITIONAL RENT - GENERAL COVENANT. Tenant covenants and agrees to pay to Landlord, as "Additional Rent”, (iRent",(i) an amount equal to the product of (a) the Rentable Floor Area of the Premises and (b) the excess (if any) of Landlord’s 's Operating Expenses per square foot of Rentable Floor Area of the Building over Base Operating Expenses per Square Foot square foot of Rentable Floor Area of the Building, (ii) an amount equal to the product of (a) the Rentable Floor Area of the Premises and (b) the excess (if any) of Landlord’s 's Taxes per square foot of Rentable Floor Area of the Building over Base Taxes Per Square Foot of Rentable Floor Area of the Building provided that if less than the Total Rentable Floor Area of the Building is occupied at any time during such period (including the applicable Base Year)period, Landlord may extrapolate those variable components of Landlord’s 's Operating Expenses (i.e., those components that vary with based on the level of occupancy of the Building) and Landlord's Taxes as though the Total Rentable Floor Area of the Building had been ninety-five percent (95%) occupied at all times during such period, and (iii) any other charges payable by Tenant to Landlord under this Lease. The term "Rent" as used in this Lease shall mean Annual Fixed Rent and Additional Rent as set forth in this Lease. Appropriate adjustments shall be made for any portion of a year at the beginning or end of the Term.

Appears in 1 contract

Samples: Edgewater Office (Alliance Data Systems Corp)

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