Laserfiche WebLink
<br />" <br /> <br />. <br /> <br />employees park in other than designated parking areas, then Landlord may charge Tenant, as additional rent, Ten Dollars <br />($10,00) per day for each day or partial day any vehicle is parked in any part of the common facilities other than that <br />designated. Tenant hereby authorizes Lendlord to tow away !Torn the . Center any vehicle belonging to Tenant or <br />Tenant's employees parked in violation of these provisions, and/or to attach violation stickers or notices to the vehicle, In <br />the event Landlord elects or is required to limit or control parking by customers or invitees of the _Center, <br />whether by validation of parking tickets, parking meters or any other method of assessment, or any program for !Tee or <br />reduced cost transportation, Tenant agrees to participate in such validation, assessment or transportation program under <br />reasonable rules and regulations !Torn time to time established by Landlord. <br /> <br />SECTION 7.3 TENANT'S SHARE OF EXPENSES <br /> <br />( <br />Percentage") of all cost and expenses (the "Operati;,g Expeh'ses") incurred by Landlord in the operation, manageme , <br />repair and maintenance of the Center (including the common facilities) during the Term, regardless ofwhe er <br />said expenses or charges were incurred by Landlord directly in the performance of the work itself or paid by Land rd to <br />outside contractors. Such expenses shall include, without limitation, the following: (i) expenses incurred by ndlord <br />pursuant to Articles V (Taxes and Assessments) but applicable to common facilities, VII (Common Faci ties), IX <br />(Maintenance), X (Insurance) and XI (Utilities) of this Lease; (ii) expenses incurred by Landlord in connect' n with the <br />"'Center for general maintenance, gardening, landscaping, repaving, resurfacing, repairs, replacem ts, painting, <br />lighting, cleaning, trash removal, security, fire protection and similar items; (iii) contributions toward one more reserves <br />for repairs and replacements of those portions of the Center which Landlord is required to mtain and repair <br />under this Lease and the actual cost of any repair or replacement in excess pfthe amount of any such serve therefor; and <br />(iv) all charges, surcharges and other levies imposed by, and all costs (wh¿iher or not capital in natur of compliance with <br />the requirements of any federal, state or local governmental agency regulating the Cente , and (v) fifteen percent <br />(15%) of all Operating Expenses as reimbursement for Landlord's administrative and overhead c sts. <br /> <br />. <br />(b) Tenant's Expense Percentage. Te~ant's E~pense Percentage of the Operating E enses shall be the product of <br />the sum of such expenses multiplied by a !Taction the tlumerator of which shall be the Flo r Area of the Premises and the <br />denominator of which shall be equal to the total floor area of all buildings !Torn time time comprising the leased and <br />occupied area in the _Center or any other fair and equitable manner as dete Ined by Landlord, For purposes of <br />this Section, at Landlord's sole discretion, areas leased by Landlord to tenants 0 upying !Teestanding facilities in the <br />Center and areas outside of facilities leased by Landlord under "Space" eases, but utilized by tenants under and <br />in accordance with those leases (other than parking) shall be excluded !Torn e Floor Area of the Center. <br />Landlord shall have the right to bill Tenant for Tenant's Expense Percentage i accordance with provisions of Article VII. <br /> <br />SECTION 7.4 BILLING AND PAYMENT OF EXPENSE P RCENTAGE <br />(a) Time of Payment. Tenant shall pay to Landlord (without emand), on or before the first (I") day of each <br />calendar month of the Term, Tenant's Expense Percentage of Ope rat' g Expenses as estimated or at Landlord's option as <br />actually incurred and billed by Landlord, either in advance or i arrears, !Torn time to time, but not more often than <br />monthly. These items shall be deemed to be additional rent, an the failure of Tenant to pay any such installment on or <br />before such due date, and without any deduction or offset, shal arry with it the same consequences as Tenant's failure to <br />pay rent <br /> <br />(b) Estimated Operating Expenses. Until <br />paragraph (a). Tenant shall pay its monthly installm <br />Basic Lease Provisions, <br /> <br /> <br />nant has received its notification !Torn Landlord pursuant to <br />ts of the estimated Operating Expenses set forth in Item 6 of the <br /> <br />(c) Annual Adjustment. Subsequent 0 the end of each Calendar Year or fiscal year (at Landlord's option), <br />Landlord shall lumish Tenant with a stat ent of the actual amount of Tenant's Expense Percentage of Operating <br />Expenses for the preceding period. If th total amount paid by Tenant is less than the actual amount due !Torn Tenant, <br />Tenant shall pay to Landlord the differe ce within ten (10) days after the date of the statement Any excess of the amount <br />paid by Tenant over the actual amo t due from Tenant shall be credited against installments of Operating Expenses <br />thereafter due from Tenant <br /> <br />(d) Revised Estimates. N 1Ìng contained in this Section shall be construed to limit the right of Landlor~ !Torn time <br />to time during any Calendar ear or fiscal year to revise its estimates of the Operating Expenses .and to (I) subml.t a <br />revised bill to Tenant contai ng increased monthly installments to be payable by Tenant for the remamder of such period <br />pursuant to this Section; d/or (ii) to bill Tenant for the difference between the aggregate amount. of the monthly <br />installments for the prece ing months of the period which would have been payable by Tenant hereunder tfbased upon the <br />revised estimates and t aggregate amount of the monthly installments for the preceding months payable by Tenant on the <br />due date for each su installment If Landlord elects to proceed pursuant to clause (ii) of the preceding sentence, Tenant <br />shall pay to Landlo tl the amount shown on any such bill within ten (10) days of Tenant's receipt thereof. <br /> <br />(e) Taxe The taxes payable by Tenant to Landlord under this Section and Section 5, I which are levied or as.'essed <br />on the fiscal x year in which the Term commenced, or which are levied or assessed for the fiscal tax year m which the <br />Term expi s, shall be prorated. Landlord shall have the right to notify Tenant of any amount paya~le by Tenant ~o <br />Landlor or taxes payable to Landlord in accordance with this Section. Landlord may notify Tenant pnor to Landlord s <br />receipt f assessment notices and/or tax statements or bills covering any and all taxes.. In th~ event ,that the amount of any <br />tax fi r any fiscal tax year is not known to Landlord at the time of any of Landlord s notices to renant, Landlord may <br />est' late the amount and base the notice upon the estimated amount Landlord and renant shall adjust the estImated <br /> <br />5 <br />