Operating Expenses and Tax Expenses. During the Extended Term, Tenant shall pay for Tenant’s Share of Operating Expenses and Tax Expenses in accordance with the terms of the Lease; provided, however, that during the Extended Term, the Base Year for Operating Expenses and Taxes shall be 2014.
Operating Expenses and Tax Expenses. (a) Tenant’s Percentage Share (Direct Expenses) is 12.4885% for the Current Premises and shall, as of the Expansion Space Commencement Date, be increased by 1.55% with respect to the Additional 37th Floor Expansion Premises to an aggregate of 14.039%. Tenant’s
Operating Expenses and Tax Expenses. With respect to the Expansion Space during the Expansion Term, Tenant shall pay for Tenant’s Share of Operating Expenses and Tax Expenses in accordance with the terms of the Lease, as amended.
Operating Expenses and Tax Expenses. Tenant shall pay for its allocable share of the increase in the building Operating Expenses and Tax Expenses over the 1998 Base Year per the Lease Summary of the Lease. However, as a result of this Amendment, Tenant's allocable share of the building Operating Expenses and Tax Expenses will increase from 43.6% to 81%.
Operating Expenses and Tax Expenses. (Article 4): As provided in Article 4. However, utilities serving the Premises may be separately metered and directly paid by Tenant to the applicable utility provider as further provided in Article 6 below.
Operating Expenses and Tax Expenses. The second sentence of the last paragraph of Section 4.2(d) of the Original Lease, as amended by Section 5.1 of the Third Amendment, is hereby amended by replacing the phrase “ninety-five percent (95%) occupied” with “one hundred percent (100%) occupied.” Without limiting Section 5.2 of the Third Amendment or Section 11 of this Fourth Amendment, Tax Expenses for the Base Year and all subsequent comparison years shall be determined on the basis that the Project is fully assessed for real estate tax purposes.
Operating Expenses and Tax Expenses. With respect to the Second Expansion Space during the Second Expansion Term, Tenant shall pay for Tenant’s Share of Operating Expenses and Tax Expenses in accordance with the terms of the Lease; provided, however, that, with respect to the Second Expansion Space during the Second Expansion Term, the Base Year for Operating Expenses and Tax Expenses shall be 2015.
Operating Expenses and Tax Expenses. (Article 4): This is a “TRIPLE NET” lease and as such, the provisions contained in this Lease are intended to pass on to Tenant and reimburse Landlord in full (except as expressly set forth in this Lease) for the costs and expenses reasonably associated with this Lease and the Project, and Tenant’s operation therefrom, subject to allocation of such costs and expenses amongst the tenants of the Project pursuant to Section 4.3 of this Lease. To the extent such costs and expenses payable by Tenant cannot be charged directly to, and paid by, Tenant, such costs and expenses shall be paid by Landlord but reimbursed by Tenant as Additional Rent.
Operating Expenses and Tax Expenses. (a) Tenant’s Percentage Share (Direct Expenses) is 9.6783% for the Current Premises and shall, as of the Expansion Space Commencement Date, be increased by 2.8102% with respect to the 33rd Floor Expansion Premises to an aggregate of 12.4885%. Tenant’s Percentage Share (Taxes) is 9.5375% for the Current Premises and shall, as of the Expansion Space Commencement Date, be increased by 2.7751% with respect to the 33rd Floor Expansion Premises to an aggregate of 12.3126%. With respect only to the 33rd Floor Expansion Premises, the Rentable Office Area of the Building set forth in Section 1(f) of the Original Lease shall be deemed to be (i) 1,021,419 rentable square feet for purposes of determining Tenant’s Percentage Share (Direct Expenses) and (ii) 1,034,329 rentable square feet for purposes of determining Tenant’s Percentage Share (Taxes).
Operating Expenses and Tax Expenses. With respect to the Initial Premises, Tenant shall continue to make payments with respect to Operating Expenses Allocable to the Premises and Tax Expense Allocable to the Premises in accordance with the Original Lease. With respect to the Expansion Premises 1, Tenant shall make payments with respect to Operating Expenses Allocable to the Premises and Tax Expenses Allocable to the Premises in accordance with the Original Lease, but (i) all references in Section 2.6 and 2.7 of the Original Lease to the “Rentable Floor Area of the Premises” shall be deemed to refer to the “Rentable Floor Area of the Expansion Premises 1”, (ii) “Base Taxes” shall mean Landlord’s Tax Expenses for fiscal year 2016 (that is the period beginning July 1, 2015 and ending June 30, 2016), and (iii) “Base Operating Expenses” shall mean Landlord’s Operating Expenses for calendar year 2016. With respect to the Expansion Premises 2, Tenant shall make payments with respect to Operating Expenses Allocable to the Premises and Tax Expenses Allocable to the Premises in accordance with the Original Lease, but (i) all references in Section 2.6 and 2.7 of the Original Lease to the “Rentable Floor Area of the Premises” shall be deemed to refer to the “Rentable Floor Area of the Expansion Premises 2”, (ii) “Base Taxes” shall mean Landlord’s Tax Expenses for fiscal year 2016 (that is the period beginning July 1, 2015 and ending June 30, 2016), and (iii) “Base Operating Expenses” shall mean Landlord’s Operating Expenses for calendar year 2016.
