Operating Charges. Tenant shall pay to Landlord, as additional rent, Tenant’s Proportionate Share of Operating Charges as defined below. Estimated amounts of such additional rent shall be paid in monthly installments in advance on the first day of each month during the Term. The initial estimated payment of Tenant’s Proportionate Share of Operating Charges is set forth in Section 1.9. From time to time during the Term, Landlord may notify Tenant in writing of any adjustment to the monthly installments to be paid by Tenant hereunder and thereafter Tenant shall make payments accordingly. Within sixty (60) days after the expiration of each calendar year or as soon thereafter as is reasonably practicable (but not later than 90 days after the expiration of each calendar year), Landlord shall notify Tenant of the actual Operating Charges for such calendar year and provide Tenant a written statement thereof in reasonable detail. Within thirty (30) days after such notice, Tenant shall pay to Landlord or Landlord shall credit against the obligations of Tenant, as the case may be, the difference between the estimated payments made by Tenant during the prior calendar year and the actual amount of Tenant’s Proportionate Share of Operating Charges as shown on such statement. Tenant’s Proportionate Share of Operating Charges for the years in which the Term commences and ends shall be prorated based upon the number of days of the Term during such years. Tenant’s obligation for Tenant’s Proportionate Share of Operating Charges through the Termination Date shall survive termination.
Operating Charges. In addition to the Rent, the Lessee shall during the Term regularly and punctually bear and pay all charges for electricity and water consumed by the Lessee in the Unit in accordance with the electricity bills and water bills issued in respect thereof for which a separate meter is installed in the Unit by the Lessor.
Operating Charges. (a) OPERATING CHARGES as used herein shall further be defined as the total of (i) the cost to LESSOR of complying with LESSOR'S obligations under Article 21(a), (b), and (c) hereof (entitled COMMON AREAS Maintenance, Operation, Insurance and Taxes by LESSOR) plus (ii) an administration charge equal to fifteen percent (15%) thereof. Any increase in the costs otherwise includable in OPERATING CHARGES which are directly attributable to a OFFICE BUILDING tenant's wilful action or negligence, change of use in a unit within OFFICE BUILDING or alterations, additions and/or improvements to a unit within OFFICE BUILDING shall be excluded from OPERATING CHARGES computations.
Operating Charges. In addition to the rent set forth in Article 3 above, Tenant further covenants and agrees to pay to Landlord as additional rent ("Additional rent"), payable pursuant to the provisions herein:
Operating Charges. For the period commencing with the Sixth Amendment Expansion Effective Date and ending on the Termination Date, Tenant shall pay for its Proportionate Share of the Operating Charges applicable to the Sixth Amendment Expansion Space in accordance with the terms of the Lease, provided, however, during such period, the Operating Charges Base Year for the computation of Tenant’s Proportionate Share of Operating Charges applicable to the Sixth Amendment Expansion Space is 2000.
Operating Charges. For the period commencing on the Extension Date and ending in the Extended Termination Date, Tenant shall pay for its proportionate share of Operating Charges in accordance with the terms of the Lease, provided, however, during such period; the Operating Charges Base Year for the computation of Tenant’s proportionate share of Operating Charges shall be calendar year 2001.
Operating Charges. Tenant shall pay proratta share of operating charges associated with the building. The definition of the charges can be found in section 5.2. The current charge, due monthly, is $1.40 per s.f. or $770.00 per month
Operating Charges. Tenant shall pay, as additional Rent, the Property's Operating Charges. "Operating Charges" shall mean the expenses reasonably incurred by Landlord or Tenant in the ownership and operation of the Property, such as: gas, water, sewer, electricity and other utility charges, premiums and other charges for insurance; maintenance and repair of the Property; property taxes; groundskeeping; landscaping; snow removal; Common Area fees and any Association Fees; and HVAC. Operating Charges shall not include expenses of a capital nature, including, but not limited to, capital improvements, capital repairs, capital equipment, and capital tools which, under generally accepted accounting principles, are not regarded as operating or maintenance expenses, such as: roof, outside walls, foundation, and structural portions of the Property, and the exterior of the building on the Property ("Building"). If the exact amounts of Operating Charges are not available at the expiration of the Lease, and if, in Landlord's reasonable estimation, Tenant's estimated payments have not been sufficient to cover Tenant's actual Operating Charges then the balance shall be due and payable concurrently with the final installment of Base Rent due hereunder, or, at Landlord's option, such payment shall be postponed until such amounts are determined. Tenant's obligation to make such payments shall survive the expiration or termination of this Lease.
Operating Charges. Agreed to be $6.00 per rentable square foot for the first Lease Year which are included in Base Rent. The Operating Charges shall be subject to yearly adjustment upward (but not downward) to reflect the annual percentage change in the CPI. Each such adjustment shall be accomplished (and shall be effective for the entire then operative Lease Year) by multiplying the Operating Charges for the Lease Year immediately preceding the next subsequent Lease Year (the “Operating Charge Adjustment Date”) by a fraction. The numerator of the fraction shall be the CPI figure for the month that is two (2) months prior to the Operating Charge Adjustment Date. The denominator of the fraction shall be the CPI figure for the month that is two (2) months prior to the Operating Adjustment Date for the previous Lease Year. Notwithstanding the foregoing, in no event shall any percentage increase in Operating Charges for any Lease Year be less than two percent (2%) or greater than four and one-half percent (4 ½%). Operating Charges shall include the following items: (1) electricity for the Common Areas, (2) sewer, (3) water, (4) HVAC, (5) janitorial services as set forth in Exhibit D attached hereto, (6) repair and maintenance of Common Areas and Building equipment, (7) snow removal, (8) repairs to the parking lot, (8) exterior landscaping maintenance, (9) Building property and other Landlord insurance as set forth herein, (10) administration and management of the Building and the Property, (11) cost of all other obligations required to be performed and all other services required to be provided by Landlord under this Lease, except as otherwise expressly stated herein.
Operating Charges as used herein shall further be defined as the total cost to LESSOR of complying with LESSOR'S obligations under Article 24(a), (b), and (c) hereof (entitled Common Areas Maintenance, Operation, Insurance and Taxes by LESSOR). Any increase in the costs otherwise includable in OPERATING CHARGES which are directly attributable to a Strip Center tenant's wilful action or negligence, change of use in a unit within Strip Center or alterations, additions, and/or improvements to a unit within Strip Center shall be excluded from OPERATING CHARGES computations.
