Common use of Payment as Additional Rent Clause in Contracts

Payment as Additional Rent. The Tenant shall, within fifteen (15) days after demand therefore by the Landlord (with respect to each calendar year during the Term), accompanied by a statement setting forth in reasonable detail the Operating Costs for such calendar year, pay to the Landlord as Additional Rent the amount by which (a) the Tenant’s Percentage of the Operating Costs for such calendar year (as derived and allocated under the provisions of subsection 3.2.3) exceeds (b) the Base Year Operating Costs Amount as defined in subsection 3.2.2.

Appears in 2 contracts

Samples: Agreement of Lease (Medallion Financial Corp), Agreement of Lease

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Payment as Additional Rent. The Tenant shall, within fifteen (15) days after demand therefore therefor by the Landlord (with respect to each calendar year during the Term), accompanied by a statement setting forth in reasonable detail the Annual Operating Costs for such calendar year, pay to the Landlord as Additional Rent the amount by which (a) of the Tenant’s Percentage 's operating costs percentage of the Annual Operating Costs for such calendar year (as derived and allocated under the provisions of subsection 3.2.3) exceeds (b) the Base Year Operating Costs Amount as defined in subsection 3.2.2paragraph 2.2.3).

Appears in 1 contract

Samples: Deed of Lease Agreement (Fuisz Technologies LTD)

Payment as Additional Rent. The Tenant shall, within fifteen (1512) days after demand therefore therefor by the Landlord (with respect to each calendar year during the Term), accompanied by a statement setting forth in reasonable detail the Annual Operating Costs for such calendar year, pay to the Landlord as Additional Rent the amount by which (a) of the Tenant’s Percentage 's operating costs percentage of the Annual Operating Costs for such calendar year (as derived and allocated under the provisions of subsection 3.2.3) exceeds (b) the Base Year Operating Costs Amount as defined in subsection 3.2.2paragraph 2.2.3).

Appears in 1 contract

Samples: Deed of Lease Agreement (Exigent International Inc)

Payment as Additional Rent. The Tenant shall, within fifteen (15) days after demand therefore therefor by the Landlord (with respect to each calendar year during the Term), accompanied by a statement setting forth in reasonable detail the Annual Operating Costs for such calendar year, pay to the Landlord as Additional Rent the amount by which (a) of the Tenant’s Percentage 's operating ------------- /7/ , reasonable wear and tear excepted costs percentage of the Annual Operating Costs for such calendar year (as derived and allocated under the provisions of subsection 3.2.3) exceeds (b) the Base Year Operating Costs Amount as defined in subsection 3.2.2paragraph 2.2.3).

Appears in 1 contract

Samples: Deed of Lease Agreement (Litronic Inc)

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Payment as Additional Rent. The Tenant shall, within fifteen (15) days after demand therefore therefor by the Landlord (with respect to each calendar year during the Term), accompanied by a statement setting forth in reasonable detail the Operating Costs for such calendar year, ,(*) pay to the Landlord as Additional Rent the amount obtained by multiplying (i) the number of square feet of space within the Premises (as set forth hereinabove) by (ii) the amount by which (aA) the Tenant’s Percentage of the Annual Operating Costs for such calendar year (as derived and allocated under the provisions of subsection 3.2.3paragraph 3.2(c)) exceeds (bB) the Base Year Operating Costs Amount as defined in subsection 3.2.2.Component. (e)

Appears in 1 contract

Samples: Federal Data Corp /Fa/

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