CAM Charge definition

CAM Charge means as provided for in Section 2.03 of the REOAs, as hereinafter defined.
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CAM Charge. The building being new, we estimate the initial CAM charge to be .10 cents per square foot per month. These direct expenses are subject to an annual increase or decrease and are totaled and adjusted in January in each calendar year. CAM charges, or direct expenses, are the Tenant's pro rated share of taxes, insurance and common area maintenance. Among the items that are covered under the maintenance portion of the CAM charge are water, sewer, parking lot sweeping, landscape maintenance, common area utilities, to use these as an example. Also included in the CAM charge is a maintenance reserve that goes toward a reserve account to cover the expense of large maintenance items- such as roof repair, HVAC systems, exterior painting, Over head doors, etc.
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CAM Charge means ▇▇▇▇▇▇’s stipulated share of all expenses incurred and paid by Lessor from time to time for the maintenance and operation of those portions of the Park Property that are not leased to third party lessees including without limitation landscaping, mowing, utilities, stormwater retention and drainage, regardless of the actual cost thereof. Effective on January 1, 2026, Lessee shall pay to Lessor an annual CAM Charge in the amount of $30,850.00 per year during the Term, as adjusted from time to time as hereinafter provided. Lessee shall pay such annual CAM Charge in equal monthly installments, without demand, reduction, or setoff, commencing on January 1, 2026, and continuing on the first day of each month thereafter during the Term of this Lease. If necessary, the first month’s CAM Charges and the last month’s CAM Charges shall be pro-rated based on the number of days for the month in question. The Annual CAM Charge shall be automatically adjusted in accordance with the following provisions of this paragraph. Effective on and as of the first day of the month following the fifth anniversary of the Lease Effective Date and continuing on the first day of the same month every fifth year thereafter during the Term of this Lease, the then current CAM Charges amount shall be increased by five percent (5%), and such increased CAM Charges amount shall be in effect until the next ensuing increase in the CAM Charges pursuant to this sentence.
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Examples of CAM Charge in a sentence

  • Upon receipt by either party of any CAM Charge true up payment from a Tenant, the party receiving the same shall provide to the other party its allocable share of the “true up” payment within five (5) days of the receipt thereof.

  • Five (5) days prior to the Closing Date Seller shall submit to Buyer an itemization of its actual CAM Charge expenses through such date and the amount of CAM Charges received by Seller as of such date, together with an estimate of CAM Charges to be incurred to, but not including, the Closing Date.

  • In the event that Seller has received CAM Charge payments in excess of its actual CAM Charge expenses, Buyer shall be entitled to receive a credit against the Purchase Price for the excess.

  • In the event that Seller has received CAM Charge payments less than its actual CAM Charge expenses, to the extent that the Leases provide for a “true up” at the end of the CAM Lease Year, Seller shall be entitled to receive any deficit but only after Buyer has received any true up payment from the Tenant.

  • To assist Buyer in preparing “true up” reconciliation at the end of the CAM Lease Year, Seller shall deliver to Buyer records of all of Seller’s CAM Charge expenditures at the Closing for the CAM Lease Year in question.

  • To assist the Buyer in preparing “true up” reconciliation at the end of the CAM Lease Year, the Seller shall deliver to the Buyer at Closing records of all of the Seller’s CAM Charge expenditures.

  • Upon receipt by either Party of any CAM Charge true up payment from a Tenant, the Party receiving the same shall provide to the other Party its allocable share of the “true up” payment within five (5) days of the receipt thereof.

  • At the time of the final calculation under the Leases of payments due to or from the tenant on account of CAM Charges for the calendar year in which the Closing occurs, whether in the nature of a reconciliation payment or full payment, in arrears, Buyer shall prepare, for Buyer’s and Seller’s approval, a reproration between Buyer and Seller as to such CAM Charge payments from the tenant.

  • Upon receipt by either party of any CAM Charge true up payment from a tenant, the party receiving the same shall provide to the other party its allocable share of the “true up” payment within five (5) days of the receipt thereof.

  • The CAM Charge shall be due for each and every month of the Lease Term, and for such extensions or modifications thereof as may be agreed upon from time to time.

Related to CAM Charge

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the room charge, and reimbursement of the assessment as allowed in section 6.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Property Expenses means the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities, landscaping and other similar charges) of operating and maintaining any Eligible Property, which are the responsibility of the Borrower or the applicable Guarantor that are not paid directly by the tenant, including without limitation, the Annual Capital Expenditure Reserve and the greater of (a) 3% of rents and (b) actual management fees paid in cash, but excluding depreciation, amortization and interest costs.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Sales Charge and "Dealer Commission" apply only to the Load Funds and the CDSC Funds. All commissions and concessions are subject to change without notice by us and will comply with any changes in regulatory requirements. You agree that you will not combine customer orders to reach breakpoints in commissions for any purpose whatsoever unless authorized by the Prospectus or by us in writing.