Operating Payment. Commencing on the Rent Commencement Date, for each Lease Year after the Base Lease Year, Tenant shall pay to Landlord in accordance with Sections 4.04, 4.05 and 4.07 below (“Tenant’s Operating Payment”), Tenant’s Operating Share of the amount, if any, by which Operating Expenses for such Lease Year exceed the Base Operating Amount.
Operating Payment. For each Comparison Year, Landlord shall furnish to Tenant a statement setting forth Landlord's reasonable estimate of Xxxxxx's Operating Payment for such Comparison Year (the "Expense Estimate"). Tenant shall pay to Landlord on the 1st day of each month during such Comparison Year an amount equal to 1/12 of the Expense Estimate. If Landlord furnishes an Expense Estimate for a Comparison Year subsequent to the commencement thereof, then (i) until the 1st day of the month following the month in which the Expense Estimate is furnished to Tenant, Tenant shall pay to Landlord on the 1st day of each month an amount equal to the monthly sum payable by Tenant to Landlord under this Section 4.4 during the last month of the preceding Comparison Year, (ii) promptly after the Expense Estimate is furnished to Tenant or together therewith, Landlord shall give notice to Tenant stating whether the installments of Tenant's Operating Payment previously made for such Comparison Year were greater or less than the installments of Tenant's Operating Payment to be made for such Comparison Year in accordance with the Expense Estimate, and (A) if there shall be a deficiency, Tenant shall pay the amount thereof within ten (10) business days after demand therefor, or (B) if there shall have been an overpayment, Landlord shall credit the amount thereof against subsequent payments of Operating Expenses due hereunder (or refund the overpayment, if this Lease has expired or terminated), and (iii) on the 1st day of the month following the month in which the Expense Estimate is furnished to Tenant, and on the 1st day of each month thereafter throughout the remainder of such Comparison Year, Tenant shall pay to Landlord an amount equal to 1/12 of the Expense Estimate. Landlord shall have the right to reasonably adjust the Expense Estimate for the remainder of the Comparison Year one (1) time during a Comparison Year. Notwithstanding anything to the contrary set forth in this Article 4, Base Operating Expenses shall exclude one-time Conservation Costs and other special charges, costs or fees incurred in the Comparison Year only, including market-wide increases due to extraordinary circumstances, including, but not limited to, boycotts, strikes, Force Majeure events and utility rate increases due to extraordinary circumstances including, but not limited to, conservation surcharges, boycotts, public health emergencies, embargoes or other shortages and amortized costs relating to capital impr...
Operating Payment. For each Rent Year (or portion thereof) during the Term, Tenant shall pay Landlord, as Additional Rent, Tenant's Share of Operating Expenses (the "Operating Payment") in the manner set forth in Section 4(B). “Operating Expenses” shall include (i) Impositions, (ii) Property Expenses, and (iii) Insurance Expenses. For purposes hereof, the following terms shall have the following meanings:
Operating Payment. Section 3.09
Operating Payment. For each Lease Year after the Base Lease Year, Tenant shall pay to Landlord in accordance with Sections 4.04, 4.05 and 4.07 below (“Tenant’s Operating Payment”), Tenant’s Proportionate Operating Share of the amount, if any, by which Operating Expenses for such Lease Year exceed the Base Operating Amount.
Operating Payment. 2.1 Owner shall pay to Operator a monthly operating payment for operation of the Facilities in an amount as set forth below:
Operating Payment. 19 Section 3.2 Estimates and Payments......................................................19 Section 3.3 Extra Charges...............................................................20 Section 3.4
Operating Payment. Tenant shall pay to Landlord, as Additional Rent, the product of (i) the amount of Operating Expenses for the Office Building on a per rentable square foot basis and (ii) the number of rentable square feet in the Premises as specified in Section 1.1(S) hereof, as the same may be modified pursuant to Section 1.2(A) (the "Operating Payment"). For purposes of this Lease, the rentable square footage of the Office Building shall equal 1,277,605 rentable square feet. The Operating Payment shall be made pursuant to the provisions of Section 3.2 hereof; provided, however, that Tenant shall not be required to pay for the Operating Payment attributable to the first twenty-two (22) months of the Term beginning on the Commencement Date. In the event the rentable square feet of the Premises is changed pursuant to a specific provision of this Lease, item (ii), above, shall be appropriately adjusted, and, as to the year in which such change occurs, the rentable square feet for the Premises for such year shall be determined on the basis of the number of days during such year that each such rentable square footage was in effect.
Operating Payment. For each Lease Year or portion thereof commencing on or after July 1, 2016, Tenant shall pay to Landlord in accordance with Sections 4.04, 4.05 and 4.07 below (“Tenant’s Operating Payment”), Tenant’s Operating Share of the amount, if any, by which Operating Expenses for such Lease Year exceed the Base Operating Amount.
Operating Payment. 2.1 Owner shall pay to Operator a monthly management payment for the implementation and management of D.A. compliance in the amount as set forth below:
