Expense Increase definition

Expense Increase means the payments to be made by Tenant to Landlord in the amounts, at the times and in the manner provided for by Section 3.3;
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Expense Increase has the meaning set forth in Section 1.4(e).
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Expense Increase means any increase in rent, lease payment, purchase price or other recurring payments in respect of any of the facilities and offices leased by the Target Companies as of the date hereof, any equipment or other personal properties leased by the Target Companies as of the date hereof, and any supply contract and other contracts to which any Target Company is a party as of the date hereof, in each case incurred by the Target Companies as a result of or in connection with seeking and/or obtaining counterparty consents for (x) the transactions contemplated by this Agreement (including those set forth on Schedule 5.2(a)(ix)), (y) any assignment of any lease, agreement or contract or any change in control (or similar event) of any Target Company occurring prior to the date hereof for which the required counterparty consent (including landlord consent and lessor consent) has not been sought or obtained, or (z) any sublease arrangement entered into prior to the date hereof for which the required counterparty consent (including landlord consent and lessor consent) has not been sought or obtained. After the Closing Date, the Buyer will, and will cause the Target Companies to, use commercially reasonable efforts in good faith to seek and/or obtain all such counterparty consents and otherwise mitigate any Expense Increases.
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Examples of Expense Increase in a sentence

  • Lessee hereby acknowledges that late payment by Lessee to Lessor of Base Rent, Lessee's Share of Operating Expense Increase or other sums due hereunder will cause Lessor to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain.

  • If Lessee does not terminate this Lease in accordance with the foregoing, this Lease shall remain in full force and effect as to the portion of the Premises remaining, except that the rent and Lessee's Share of Operating Expense Increase shall be reduced in the proportion that the floor area of the Premises taken bears to the total floor area of the Premises.

  • Accordingly, if any installment of Base Rent, Operating Expense Increase, or any other sum due from Lessee shall not be received by Lessor or Lessor's designee within ten (10) days after such amount shall be due, then, without any requirement for notice to Lessee, Lessee shall pay to Lessor a late charge equal to 6% of such overdue amount.

  • All monetary obligations of Lessee to Lessor under the terms of this Lease, including but not limited to Lessee's Share of Operating Expense Increase and any other expenses payable by Lessee hereunder shall be deemed to be rent.

  • Payments will be applied first to accrued late charges and attorney’s fees, second to accrued interest, then to Base Rent and Operating Expense Increase, and any remaining amount to any other outstanding charges or costs.

  • Lessee hereby acknowledges that late payment by Lessee to Lessor of Base Rent, Lessee’s Share of Operating Expense Increase or other sums due hereunder will cause Lessor to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain.

  • Within thirty (30) days after receipt of Landlord's Statement for any Expense Year setting forth Tenant's Proportionate Share of any Expense Increase attributable to such Expense Year, Tenant shall pay Tenant's Proportionate Share of such Expense Increase (less the amount of estimated payments paid by Tenant on account thereof) to Landlord as Additional Rent.

  • If the actual amount of Tenant's Proportionate Share of the Expense Increase for such Expense Year exceeds the estimated amount of Tenant's Proportionate Share of Expense Increases paid by Tenant for such Expense Year, then Tenant shall pay to Landlord the difference between the estimated amount of Tenant's Proportionate Share of Expense Increases paid by Tenant and the actual amount of Tenant's Proportionate Share of Expense Increases.

  • If the Statement shows that the actual amount Tenant owes is more than any estimated Expense Increase paid by Tenant during the Adjustment Period, Tenant shall pay the difference (the “Underpayment”).

  • Payments will be applied first to accrued late charges and attorney's fees, second to accrued interest, then to Base Rent and Operating Expense Increase, and any remaining amount to any other outstanding charges or costs.