Common use of Partial Years Clause in Contracts

Partial Years. Tenant's obligation to pay the Additional Rent provided for in this Section 4 which is accrued but not paid for periods prior to the expiration or termination of the Term shall survive such expiration or termination. Should this Lease commence or terminate at any time other than the first day of a Calendar Year, Tenant's Share of Computed Operating Expenses referred to in Sections 4.A. and 4.B. above 11 shall be calculated, for the commencement or termination year only, by the following formula: Days Leased X Tenant's Share of Computed Operating Expenses/365 = Adjusted Tenant's Share of Computed Operating Expenses.

Appears in 1 contract

Sources: Lease Agreement (Wildblue Communications Inc)

Partial Years. Tenant's obligation to pay the Additional Rent provided for in this Section 4 which is accrued but not paid for periods prior to the expiration or termination of the Term shall survive such expiration or termination. Should this Lease commence or terminate at any time other than the first day of a Calendar Year, Tenant's Share of Computed Operating Expenses referred to in Sections 4.A. 4.A and 4.B. 4.B above 11 shall be calculated, for the commencement or termination year only, by the following formula: Days Leased X Tenant's Share of Computed Operating Expenses/365 = Expenses/ 365= Adjusted Tenant's Share of Computed Operating Expenses.

Appears in 1 contract

Sources: Lease Agreement (Tanning Technology Corp)