CAM Payments definition

CAM Payments means payments received by Tenant from all subtenants and City or its successor and assigns for common area maintenance expenses as set by Tenant pursuant to its lease agreement with its subtenants
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Examples of CAM Payments in a sentence

  • As soon as reasonably possible, but in no event more than 60 days after Closing, Seller shall provide to Buyer an accounting detailing both the CAM Payments actually collected by Seller in the Closing Year, and all of the Operating Expenses attributable to the Closing Year that were actually paid by Seller.

  • As part of the Reconciliation, Seller shall pay to Buyer, or Buyer shall pay to Seller, as the case may be, the difference between the actual CAM Payments collected by Seller from each Tenant and that Tenant’s proportionate share of the Operating Expenses for the corresponding period.

  • All (i) rent payable by Tenants pursuant to Leases (including without limitation fixed, minimum and base rents, and CAM Payments), (ii) if any, all parking and storage revenue, and (iii) if any, all other income generated by or otherwise derived from the Property.

  • The parties shall Prorate all Rent (including without limitation CAM Payments) other than Delinquent Rent (which is defined and covered in Section 4.2(e) below).

  • As part of the Reconciliation, Seller shall pay to Buyer, or Buyer shall pay to Seller, as the case may be, the difference between the actual CAM Payments collected by Seller from Tenant under the Lease and Tenant’s proportionate share of the Operating Expenses for the corresponding period.

  • As soon as reasonably possible after Closing, but in no event more than 90 days after Closing, the parties shall work in good faith to complete a reconciliation of all prorations and of Seller’s receipt of CAM Payments (“Reconciliation”).

  • To the extent that there is an overpayment based on any estimated Tenant’s CAM Payments for such period previously made by Tenant, Landlord, at Landlord’s election, shall permit Tenant to credit such overpaid amount without interest against the next installment(s) of Rent payable under this Lease or, if no further Rent is payable under this Lease, promptly refund such overpaid amount without interest to Tenant.

  • The difference, which shall be capped at 20% of the CAM Payments, shall be paid by Lessor or Lessee to the other within thirty (30) days of presentation of the reconciliation with all appropriate supporting documentation.

  • Notwithstanding Purchaser's election above set forth, any CAM Payments for any tenant shall be retained by Seller up to the amount of the pre-Closing CAM Charges payable by such tenant as evidenced by such bills and computations delivered by Seller at Closing, and any excess shall be paid or credited to Purchaser at Closing.

  • The parties shall Prorate all Rent (including without limitation CAM Payments) actually received by Seller for the month in which Closing occurs other than Delinquent Rent (which is defined and covered in Section 4.2(e) below).

Related to CAM Payments

  • Payments has the meaning set forth in Section 6.12.1.

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.

  • Interim Payment has the meaning specified in Section 10.1.

  • Event Payments has the meaning set forth in Section 6.1(d).