Operating Payments Sample Clauses
The Operating Payments clause defines the obligations and procedures for making regular payments related to the ongoing operations under an agreement. Typically, this clause outlines the schedule, method, and calculation of payments that one party must make to another for services rendered, goods supplied, or operational costs incurred. For example, it may specify monthly payments for facility management or periodic reimbursements for shared expenses. Its core function is to ensure predictable and transparent financial arrangements between parties, thereby reducing disputes and facilitating smooth operational collaboration.
Operating Payments. (a) “Base Operating Amount” means Operating Expenses for the Base Operating Year.
Operating Payments. (a) “Base Operating Amount” means Operating Expenses for the Base Operating Year; provided, that, if, due to construction warranties in effect during the Base Operating Year, materially fewer expenses on account of repairs to the Building are paid or incurred by or on behalf of Landlord during such Base Operating Year than would typically be paid or incurred during a calendar year with respect to a new First Class Office Building comparable in size to the Building with no construction warranties in effect, then the Operating Expenses for the Base Operating Year shall be adjusted to reflect the Operating Expenses that would have been paid or incurred if such construction warranties had not been in effect during the Base Operating Year. For purposes of the foregoing sentence only, the term “construction warranties” shall be deemed to refer solely to warranties in effect for a newly constructed First Class Office Building that would not typically be in effect at any given time for a First Class Office Building on account of alterations, improvements, repairs and replacements.
Operating Payments. 2.4.1. For the purposes of this Lease, the following definitions shall apply:
Operating Payments. (a) “Landlord’s Statement” means an instrument setting forth the total Operating Expenses and Operating Payment payable by Tenant for a specified Operating Year.
Operating Payments. From the date hereof until the TBA Effective Date, Buyer shall make a payment to MBC on the last day of each calendar month equal to the amount certified by MBC by which the monthly expenses, exclusive of debt service, of the Station exceed the monthly income.
Operating Payments. As its sole obligation with respect to Landlord’s costs for the operation, management, maintenance and/or repair of the Real Property, Tenant shall pay to Landlord as an Additional Charge to compensate Landlord for Tenant’s Share of the increase over the Base Tax Year of expenses paid or incurred by, or on behalf of, Landlord, or otherwise, in respect of the operation, management, maintenance and/or repair of the Real Property, in equal monthly installments together with Tenant’s payment of monthly installments of Fixed Rent, the following amounts for the following periods (herein called the “Operating Payments”):
(a) $8,429.88 per annum, for the period from the first (1st) anniversary of the Rent Commencement Date to and including the day immediately preceding the second (2nd) anniversary of the Rent Commencement Date;
(b) $17,154.84 per annum, for the period from the second (2nd) anniversary of the Rent Commencement Date to and including the day immediately preceding the third (3rd) anniversary of the Rent Commencement Date;
(c) $26,185.08 per annum, for the period from the third (3rd) anniversary of the Rent Commencement Date to and including the day immediately preceding the fourth (4th) anniversary of the Rent Commencement Date;
(d) $35,531.40 per annum, for the period from the fourth (4th) anniversary of the Rent Commencement Date to and including the Expiration Date.
Operating Payments. Subtenant’s Share of all amounts which are payable by Sublandlord pursuant to Section 2.07 of the Lease, but only to the extent such amounts exceed the Operating Payment for the Operating Year commencing January 1, 2019 and ending December 31, 2019; it being agreed, for the avoidance of doubt, that notwithstanding anything to the contrary contained in this Sublease, at no time shall any cost or expense for providing cleaning services (except with respect to the common areas of the Building) be included in the calculation of the payments required to be made by Subtenant pursuant to this Section 3(a)(iv);