Operating Expense Stop a) In the event the operating expenses (as defined below) of Landlord for the Building or Project if applicable, in any calendar year during the term of this Lease, exceed the sum of the greater of $0.88 per square foot per year or the 1999 actual base year level, Tenant agrees to pay as additional rental Tenant's proportionate share of such excess operating expenses. Tenant's proportionate share as used in this Lease shall mean a fraction, the numerator which is the space contained in the Leased Premises and the denominator of which is the entire space contained in the Project. Landlord shall, within nine (9) months following the close of any calendar year for which additional rental is due under this paragraph, invoice Tenant for the additional rental. The invoice shall include in reasonable detail all computations of the additional rental, and Tenant agrees to pay the additional rental within ten days following receipt of the invoice upon receipt. If this Lease shall terminate on a day other than the last day of a year, the amount of any additional rental payable by Tenant applicable to the year in which such termination shall occur shall be prorated on the ratio that the number of days from the commencement of such year to and including such termination date bears to 365. If at any time during the term of this Lease, Landlord has reason to believe the per square foot operating expenses for the calendar year will exceed [the sum set forth] above, Landlord may by invoice direct Tenant to prepay monthly one-twelfth of an amount equal to the additional rental paid in the previous year, or if no additional rental was paid in the previous year, then Tenant shall prepay monthly one-twelfth of the amount Landlord reasonably estimates for Tenant's additional rental for such calendar year. If the invoice delivered within nine (9) months following the close of a calendar year in accordance with this subparagraph shows an amount owing by Tenant that is less than the sum of the monthly payments made by Tenant in the previous calendar year, the invoice shall be accompanied by a refund of the excess by Landlord to Tenant, or, at its option, Landlord may credit such amount toward the next sums due hereunder as additional rent. If such invoice shows an amount owing by Tenant which is more than the sum of the monthly payments made by Tenant in the previous calendar year, Tenant shall pay such deficiency to Landlord within ten days after receipt of the invoice. For the y...
Operating Expense Stop. Effective as of September 15, 1998, Paragraph ---------------------- --------- 1(h) of the Lease is modified and amended to provide that the term "Operating ---- --------- Expense Stop" shall mean the following with respect to the Expansion Space only: ------------ "The quotient of (i) the amount of the Actual Operating Expenses for the Project for the calendar year 1998, divided by (ii) the number of square feet of Rentable Area in the Building."
Operating Expense Stop. Effective as of the Substitution Space Commencement Date, Paragraph 1(h) of the Lease is modified and amended to provide that the term “Operating Expense Stop” shall mean the following: “The amount of the Actual Operating Expenses for the Project for the calendar year 2004 (grossed up to full occupancy).”
Operating Expense Stop. It is understood that the Base Rent set ---------------------- forth in Section 2.2 of this Lease includes Operating Expenses (defined below) of $7.84 per rentable square foot (the "Operating Expense Stop") during calendar year 2000, based upon the estimated Operating Expenses for the Project and the Building as if fully occupied. In order that the Rent payable throughout the Term of this Lease shall reflect any increase or decrease in such Operating Expenses, the parties agrees to the following:
Operating Expense Stop. $6.00 per rentable square foot of the Premises. In the event Tenant shall be required to reimburse Landlord for Operating Expenses over and above the Operating Expense Stop, for any lease year following the initial Lease Year, Landlord may increase the Operating Expense Stop to accommodate the estimation of such increase and include a pro rata share of such increase in Tenant's monthly installments of Base Rent. Adjustments made in accordance with this paragraph 3.1.5 shall be in addition to any other Adjustments of Base Rent under this Lease.
Operating Expense Stop. Actual Operating Expenses for the calendar year 2000.
Operating Expense Stop. The Operating Expense Stop as set forth in Section 1(h) shall continue to be the calendar year 2000 for the Combined Premises..
Operating Expense Stop. (a) Effective as of September 1, 2010, Paragraph 1(h) of the Lease is modified and amended to provide that the term “
Operating Expense Stop. Effective as of the Expansion Space Commencement Date, Lease Addendum Number Three “Expense Stop” of the Office Lease Agreement shall be replaced with Exhibit B Base Year Operating Expenses which is attached hereto and incorporated herein by reference. Tenant shall remain liable for all obligations under the above referenced Lease Addendum Number Three “Expense Stop” accuring up to the Expansion Space Commencement Date.
Operating Expense Stop. The Operating Expense Stop applicable to the Eighth Expansion Space shall be the same as that applicable to the Current Premises, which is the amount of the Actual Operating Expenses for the Project for the calendar year 2011 (grossed up to full occupancy).
