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AgdaPkt 2005-09-12
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AgdaPkt 2005-09-12
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Last modified
3/6/2012 4:45:24 PM
Creation date
9/8/2005 1:47:43 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Date
9/12/2005
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<br />s.~.r-? <br /> <br />2.2.1 Escalations in Base Rent. The amount of Base Rent <br /> <br />payable hereunder shall increase annually and be payable according to the <br />schedule of rents, Exhibit C hereto. <br /> <br />2.3 <br /> <br />Additional Rent. <br /> <br />In addition to the Base Rent and all other payments due under this <br />Lease, Tenant shall pay to Landlord, in the manner set forth in this Article, an <br /> <br />amount equal to Tenant's Pro Rata Share of Operating Expenses and Real <br />Estate Taxes incurred by Landlord during each Adjustment Period in excess of <br /> <br />the amount of Base Operating Expenses and Base Real Estate Taxes. Tenant's <br />Pro Rata Share of such increase in Operating Expenses and Real Estate Taxes <br /> <br />over the Base Operating Expenses and Base Real Estate Taxes is referred to <br />collectively herein as the "Rental Adjustment" <br /> <br />2.3.1 Base Operating Expenses. "Base Operating Expenses" <br /> <br />means <br /> <br />those operating expenses as defined in Section 2.3.6, in the base year 2006. <br /> <br />2.3.2 Intentionally Deleted <br />2.3.3 Tenant's Pro Rata Share. "Tenant's Pro Rata Share" <br /> <br />means <br /> <br />% calculated with reference to Section 1.1.1 hereof by dividing the <br /> <br />agreed rentable area of the Premises (numerator) by the agreed rentable area of <br />the Building (denominator) and expressing the fraction as a percentage. <br /> <br />2.3.4 Adjustment Period. "Adjustment Period" means each <br />calendar year or portion thereof occurring during the Term, beginning on January <br /> <br />1,2006, and ending on December 31,2006, which shall be the first Adjustment <br />Period, and every calendar year thereafter during the Term. <br /> <br />2.3.5 Real Estate Taxes. "Real Estate Taxes" means all of the <br /> <br />following, whether or not now customary or in the contemplation of the Parties <br />
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