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Agmt04 cinema - closing docs
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Agmt04 cinema - closing docs
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Last modified
7/5/2005 2:27:38 PM
Creation date
12/6/2004 9:14:09 AM
Metadata
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Template:
Agreement
Contractor Name
numerous files
PROJECT NAME
Cinema - closing documents from escrow
RMP File Number
100 bin 24
Date
11/29/2004
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<br /> , (including, without limitation, salaries, payroll taxes, employee benefits and other costs related to <br /> the employment of management personnel and office staff) in excess of the amount speCified in <br /> , Section 5.2; the costs of maintaining and operating a management or leasing office; costs <br /> associated with operation or maintenance of any food court area, or any information or customer <br /> service booth; audit fees and expenses; payments under any mortgages and ground leases; costs <br /> of constructing or maintaining any pylon signs for the Center that identify other tenants within <br /> the Center rather than only identify the Center itself, except for maintenance costs of signage that <br /> expressly and prominently identifies Tenant; merchants' association fees; costs of obtaining <br /> financing; debt service payments; costs of lease negotiations, enforcement of leases or disputes <br /> with tenants; any costs for services provided to tenant premises, or to Common Areas and tenant <br /> premises without separate metering or separately verifiable charges, such as trash refuse service <br /> and/or air conditioning, which is not also provided by Landlord to the Premises; and costs of <br /> leasehold improvements or other work performed in leasable space in the Center, special services <br /> provided to other tenants, costs of any tax abatement or reduction proceeding or non-cash <br /> .. expenses such as depreciation or amortization. <br /> Section 5.4 Payment of Common Area Expenses. Beginning on the <br /> Commencement Date (but subject to Section 3.l(a)), Tenant shall make estimated payments on <br /> account of Tenant's CAM Contribution to Landlord, in equal monthly installments, on the first <br /> day of each calendar month. For the partial calendar year in which the Commencement Date <br /> occurs, such monthly payments shall be based on Landlord's reasonable estimate of the Common <br /> Area Expenses to be incurred in such year, as shown on Landlord's budget therefor prepared <br /> reasonably and in good faith and provided to Tenant at lcast sixty (60) days prior to the <br /> Commencement Date (subject to the limitation set forth in Section 5.1 with respect to Common <br /> Area Expenses other than Common Area Special Expenses). On or before November 1 of each <br /> year during the Term, Landlord shall provide to Tenant Landlord's proposed budget of Common <br /> Area Expenses (including not more than a ten percent contingency for unforeseen expenses) for <br /> the next following calendar year giving due consideration to the Common Area Expenses' for the <br /> preceding calendar year (if known). Landlord's proposed budgets for Common Area Expenses <br /> shall be subject to Tenant's review and approval, which shall not be unreasonably withheld or <br /> delayed, and, upon approval by Tenant Tenant's payments on account of Tenant's CAM <br /> Contribution shall be based on the approved budget. Until Tenant approves Landlord's proposed <br /> budget of Common Area Expenses for a given year, Tenant's monthly payments on account of <br /> Tenant's CAM Contribution shall equal to 1/12th of the aggregate amount of Tenant's CAM <br /> Contribution for the previous year. Tenant shall respond to Landlord's proposed budget within <br /> thirty days after receiving the budget from Landlord. Notwithstanding the foregoing or anything <br /> to the contrary contained herein, the Maximum Controllable CAM Amount shall not apply to <br /> Common Area Special Expenses. <br /> Section 5.5 Statement of Common Area Expenses and Substantiation Rig:hts. <br /> Within ninety (90) days after the end of each calendar year, Landlord will send to Tenant an <br /> itemized statement of Common Area Expenses for such year (including, without limitation, <br /> separate line items for each component of Common Area Special Expenses) and the detailed <br /> computation of Tenant's CAM Contribution with respect thereto. To the extent Tenant overpaid, <br /> Landlord shall promptly remit with such statement a check in the amount of the overage. To the <br /> .' <br /> 25 <br /> CHG02:3091375.v8 - <br /> . _.-... "... <br />
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