Increased Operating Costs Clause Samples
Increased Operating Costs. Tenant’s Share of Increased Operating Costs shall be based on the Operating Costs, defined in Section 4.2(b)(iii), attributable to the Real Property, defined in Section 1.2, and maintenance and repair of the Common Areas, as defined in Section 2.1, and the parking areas as defined in Article 7. Landlord shall have the flexibility and discretion to determine how best to allocate the Operating Costs, taking into account the efficient operation of the Real Property, so long as Landlord makes good-faith efforts to ensure that Tenant pays its equitable share of Increased Operating Costs.
Increased Operating Costs. On or before April 1 of each calendar year, Landlord shall deliver to Tenant a reasonably detailed written statement of the actual Taxes and Operating Costs for the preceding calendar year, together with reasonable supporting documentation to permit Tenant to confirm the accuracy of all charges and calculations. If total payments made by Tenant based upon such estimates exceed Tenant's Prorata Share of actual Increased Taxes and Increased Operating Costs as finally determined for the Lease Year in question, then any overpayment shall be credited in full to such payments next coming due under this Lease. If total payments based upon such estimates are less than the actual amounts required to pay in full Tenant's Prorata Share of actual Increased Taxes and Increased Operating Costs for the year in question, then Tenant shall pay to Landlord the full amount of the deficiency within thirty (30) days after receiving written notice from Landlord of the amount of such deficiency. The Additional Rent payment for any fractional month at the commencement, termination or expiration of the Term shall be prorated accordingly. Payments of Additional Rent shall be made by Tenant without offset, deduction, demand, or abatement whatsoever (except as otherwise expressly provided in this Lease), in lawful money of the United States.
Increased Operating Costs. Before the start of each calendar year during the Term, or as soon thereafter as practicable, Landlord shall furnish Tenant with a statement of its estimate of the Increased Operating Costs for the following calendar year ("Landlord's Estimate"). On the first day of each calendar month during such calendar year, Tenant shall pay to Landlord one-twelfth (1/12th) of the amount in Landlord's Estimate, together with the Monthly Base Rent.
Increased Operating Costs. If Landlord's costs, as determined by its auditors, of owning and maintaining the Building, including the parking garage and other facilities maintained for the benefit of the Building or its tenants, during any calendar month of the lease term, exceeds the average monthly cost for the first twelve (12) months of the term, Tenant will pay to Landlord each month thereafter an amount representing Tenant's proportionate share of the increased cost. This amount is referred to as "additional rent" under this lease.
Increased Operating Costs. If the Newmark Report is no longer published, the parties agree to use a similar report that will accurately describe the market conditions of Somerset County, New Jersey for similar leased space.