Operating Expense Escalation. 49.01 Tenant shall pay to Landlord, as Additional Rent, operating expense escalations in accordance with this Article.
Operating Expense Escalation. During the Base Term, the annual Base Rent shall be adjusted for increases in Operating Expenses, (as hereinafter defined), in the following manner:
Operating Expense Escalation. In order to adjust, during the term of this lease, for increases in the expenses of the Landlord in operating the building, the Tenant shall pay to the Landlord, as additional rent, commencing on April 1, 2001 and on each April 1 thereafter, the amount indicated in Schedule 1 as the Operating Expense Payment, such amount to be paid (in addition to the annual fixed rent) in twelve equal monthly installments.
Operating Expense Escalation. In addition to the Fixed Rent payable by Subtenant hereunder, commencing on January 1, 2007, Subtenant shall pay Sublandlord, as additional rent, an amount (“Operating Expense Escalation”) equal to Subtenant’s Share (as defined below) of the amount by which (I) the Tenant’s Operating Payment and real estate taxes (as defined in the Xxxxxxxxx) payable by Sublandlord to Rewards Network pursuant to Article 4 of the Xxxxxxxxx (both estimates as well as actuals) in respect of Operating Expenses (as defined in the Xxxxxxxxx) pertaining to the Premises exceeds (II) the Tenant’s Operating Payment payable by Sublandlord to Rewards Network pursuant to Article 4 of the Xxxxxxxxx (both estimates as well as actuals) for Base Year Operating Expenses (as defined in the Xxxxxxxxx) 2006 in respect of Operating Expenses for calendar year 2007. Each Operating Expense Escalation payment payable by Subtenant hereunder shall be due and payable at the same time and in the same manner as Operating Expense increases are paid by Sublandlord under the Xxxxxxxxx, based on the computations that are provided to Sublandlord by Rewards Network. Sublandlord shall xxxx Subtenant for Operating Expense Escalations payable by Subtenant hereunder, such xxxx to set forth in reasonable detail the computation of the Operating Expense Escalation to the extent provided by Rewards Network. If there shall be any increase or decrease in the Tenant’s Operating Payment payable by Sublandlord to Rewards Network under the Xxxxxxxxx for any period occurring during the Term, whether during or after such period, the Operating Expense Escalation payment payable by Subtenant hereunder for such period shall be appropriately adjusted. “Subtenant’s Share”, since Subtenant is subleasing Sublandlord’s entire leased premises, shall mean Tenant’s Share (as defined in the Xxxxxxxxx).
Operating Expense Escalation. 7.1 For purposes of this Lease:
Operating Expense Escalation. Commencing twelve (12) months following the Commencement Date, Subtenant shall pay Sublandlord an Operating Expense Escalation equal to two and one half percent (2.5%) per annum of the prior year’s Fixed Rent in lieu of any other payment on account of escalations in operating expenses for the Building, the Prime Lease Premises or the Premises, pursuant to the Prime Lease or otherwise (the “Operating Expense Escalation Payment”). For purposes of illustration, the Fixed Rent plus Operating Expense Escalation commencing twelve (12) months following the Commencement Date shall be as follows on a monthly and annual basis (it being understood that (i) the dates set forth below are based upon a Commencement Date of June 1, 2007 and in the event that the Commencement Date varies from that date, the dates set forth below shall vary accordingly) and (ii) if the final period is less than twelve (12) months, then the per annum sum of Fixed Rent plus Operating Expense Escalation for such period shall be prorated). June 1, 2007 – May 31, 2008 $ 2,626,920.00/annum $ 218,910.00/month June 1, 2008 – May 31, 2009 $ 2,692,593.00/annum $ 224,382.75/month June 1, 2009 – May 31, 2010 $ 2,759,907.80/annum $ 229,992.31/month June 1, 2010 – May 31, 2011 $ 2,828,905.52/annum $ 235,742.13/month June 1, 2011 – May 31, 2012 $ 2,899,628.47/annum $ 241,635.71/month June 1, 2012 – May 31, 2013 $ 2,972,119.18/annum $ 247,676.60/month June 1, 2013 – May 31, 2014 $ 3,046,422.16/annum $ 253,868.51/month June 1, 2014 – Expiration Date $ 3,122,582.71/annum $ 260,215.22/month
Operating Expense Escalation. (A) For all purposes of this lease, "
Operating Expense Escalation. Lessee shall pay Lessor, as additional rent, Lessee's Share of Operating Expense, multiplied by the amount, if any, by which the Operating Expenses increase over the Operating Expense Base. The amount due Lessor hereunder if any shall be estimated by Lessor annually and such estimate shall be payable to Lessor in monthly installments over such year. At year end, the actual Operating Expenses incurred during that year shall be determined by Lessor, and any adjustment in such estimate shall be made, with additional payments by or refunds to Lessee, as appropriate. "Operating Expense" shall include reasonable and necessary expenses incurred by Lessor for the insurance of the Building and the , maintenance and insurance of the Land Common Area. 3.5
Operating Expense Escalation. 4 7. COMPLETION OF IMPROVEMENTS; AS IS.................................9 8. [Intentionally Omitted]...........................................9 10.
Operating Expense Escalation. Owner shall have the option in any Operation Year to impose an “Operating Expense” increase for such Operation Year pursuant to this Article 41 in lieu of the Wage Formula Increase for such year.9a As used herein, the term “Operating Expense” shall mean all costs and expenses incurred by the Owner in connection with the operation, servicing and the maintenance of the Building, except real estate taxes.10 In the event that the Owner should eliminate the payment of any wages or other labor costs as a result of the installation of labor saving devices or by any other means, then in computing the additional rent payable for Operating Expenses as provided hereunder, the corresponding item or items of such wages or other labor costs shall be deducted from the Operating Expenses for the Base Year. As used herein, the term “
