Common use of Tenant’s Share of Operating Expenses Clause in Contracts

Tenant’s Share of Operating Expenses. If the Operating Expenses for any full Operating Year falling within the Lease Term shall exceed the Base Operating Expenses or if, in the case of an Operating Year only a fraction of which is included in the Lease Term, the amount of the Operating Expenses for such Operating Year multiplied by such fraction exceeds the Base Operating Expenses multiplied by such fraction (the amount of such excess in either case being hereafter referred to as the “Excess Operating Expenses”), then Tenant shall pay to Landlord, as Additional Rent, Tenant’s Share of the Excess Operating Expenses for such Operating Year or portion thereof. Tenant’s Share of the Excess Operating Expenses for each Operating Year shall be payable in monthly installments as follows:

Appears in 3 contracts

Samples: Tenant Lease Agreement (Protara Therapeutics, Inc.), Attornment Agreement (Epoch Holding Corp), Lease (Cowen Group, Inc.)

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Tenant’s Share of Operating Expenses. If the Operating Expenses for any full Operating Year falling within the Lease Term shall exceed the Base Operating Expenses Expenses, or if, in the case of an Operating Year only a fraction of which is included in the Lease Term, the amount of the Operating Expenses for such Operating Year multiplied by such fraction exceeds the Base Operating Expenses multiplied by such fraction (the amount of such excess in either case being hereafter referred to as the “Excess Operating Expenses”), then Tenant shall pay to Landlord, as Additional Rent, Tenant’s Share of the Excess Operating Expenses for such Operating Year or portion thereof. Tenant’s Share of Such amount payable by Tenant with respect to the Excess Operating Expenses for each Operating Year shall be payable in monthly installments as follows:

Appears in 1 contract

Samples: American Financial Realty Trust

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Tenant’s Share of Operating Expenses. If the Operating Expenses for any full Operating Year falling within the Lease Term shall exceed the Base Operating Expenses Expenses, or if, in the case of an Operating Year only a fraction of which is included in the Lease Term, the amount of the Operating Expenses for such Operating Year multiplied by such fraction exceeds the Base Operating Expenses multiplied by such fraction (the amount of such excess in either case being hereafter referred to as the "Excess Operating Expenses"), then Tenant shall pay to Landlord, as Additional Rent, Tenant’s 's Share of the Excess Operating Expenses for such Operating Year or portion thereof. Tenant’s Share of Such amount payable by Tenant with respect to the Excess Operating Expenses for each Operating Year shall be payable in monthly installments as follows:

Appears in 1 contract

Samples: Etre Reit, LLC

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