Definition of Tenants Operating Payment

  1. Tenants Operating Payment means an amount equal to Tenants Proportionate Share of the amount by which Operating Expenses for a calendar year exceeds the Base Factor.

Examples of Tenants Operating Payment in a sentence

  1. All amounts payable by Tenant to or on behalf of Landlord under this Lease, whether or not expressly denominated Fixed Rent, Tenants Tax Payment, Tenants Operating Payment, Additional Rent or Rent, shall constitute rent for the purposes of Section 502(b)(6) of the United States Bankruptcy Code.

Definition of Tenants Operating Payment in Lease Agreement

Tenants Operating Payment means an amount equal to Tenants Proportionate Share of the amount by which Operating Expenses for a calendar year exceeds the Base Factor.