CAM Cap definition

CAM Cap means (A) for the 2022 calendar year, 105% of the aggregate Controllable Operating Expenses included in the Operating Expenses for the 2021 calendar year (as adjusted to account for the partial calendar year occurring after the Commencement Date [i.e., increased by 33.33%]), and (B) for each calendar year thereafter, 105% of the aggregate Controllable Operating Expenses included in the Operating Expenses for the prior calendar year.
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CAM Cap means the aggregate Controllable Operating Expenses included in the Operating Expenses for the 2022 calendar year, increased by five percent (5%) per year on a cumulative, compounded basis.
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Examples of CAM Cap in a sentence

  • For the calendar year 2020, the term "Controllable CAM Cap" shall mean 5% over the annualized Controllable Costs for the calendar year 2019 and thereafter, the term "Controllable CAM Cap" shall mean 5% over the Controllable CAM Cap for the preceding calendar year.

  • In no event shall the portion of Tenant's Share of Common Expenses attributable to Controllable Costs exceed the Controllable CAM Cap (as such terms are hereinafter defined).

  • In no event shall the CAM costs reimbursed to Landlord by Tenant with respect to any Calendar Year during the initial Lease Term or any extension thereof exceed the CAM Cap for such Calendar Year, excluding increases attributable to Utilities, Insurance, and snow removal costs.

  • All costs incurred by Landlord in connection with the operation, maintenance and repair costs described in this Section 7.1(a)(ii), (b) or (c) shall be included as CAM Area Operating Expenses (subject to the CAM Cap) to the extent such costs are incurred in the CAM Area and are not otherwise excluded from the definition of CAM Area Operating Expenses.

  • The LESSEE shall pay annually as additional rent all of the actual Operating Expenses above and beyond the CAM Cap to the extent attributable to the Term.

  • As further described in Item 21 of the Basic Lease Provisions, initially all common areas will be operated for the exclusive benefit of Tenant and therefore Tenant shall be responsible for 100% of all CAM notwithstanding anything in this Lease to the contrary, subject, however, to the Controllable CAM Cap (defined below).

  • All capital expense in connection with the repair or replacement of (i) the CUC, (ii) the Utility Rooms, (iii) the Pass-Through Utilities, and (iv) all other Utility system components and equipment located outside of the Premises shall be included in CAM Area Operating Expenses and shall not be subject to the CAM Cap.

  • If the actual Operating Expenses for a lease year exceed the CAM Cap, then the LESSEE shall pay to the LESSOR such difference within thirty (30) days of LESSOR notifying LESSEE.

  • Landlord shall have the right to invoice Tenant monthly, quarterly, or otherwise from time to time, for Tenant’s Pro Rata Share of the actual Taxes, Insurance and CAM expenses (subject to the Controllable CAM Cap (defined below)) payable by Tenant under this Lease; and Tenant shall pay to Landlord, as Additional Rent, those amounts for which Tenant is invoiced within thirty (30) days after receipt of said invoice.

  • In addition, Landlord shall make all necessary repairs, replacements and maintenance to the sprinkler systems of the Building and the parking and landscaped areas and other Common Areas, as well as all utilities located outside of the exterior walls of the Building, the cost of which shall be included in Operating Expenses to the extent provided in Section 3.02, and except as limited pursuant to the CAM Cap set forth in Section 3.05.

Related to CAM Cap

  • Valuation Cap means $5,000,000.

  • CAM Percentage means, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the aggregate Dollar Equivalent of the Designated Obligations owed to such Lender (whether or not at the time due and payable) immediately prior to the CAM Exchange Date and (b) the denominator shall be the aggregate Dollar Equivalent amount of the Designated Obligations owed to all the Lenders (whether or not at the time due and payable) immediately prior to the CAM Exchange Date.

  • Total adjusted capital means the sum of:

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Cumulative Loss Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.