Laserfiche WebLink
other consideration derived from such sublease or assignment in <br />excess of the rental payment by such lessee to Developer which <br />shall allocate such subleased space, if applicable, on square <br />footage basis) shall be included within "Gross Operating <br />Revenues" in addition to all rental payable by such affiliate as <br />lessee under its lease. <br />In the event Developer or an affiliate of Developer occupies any <br />space in the Premises for the purposes of operating a retail or <br />other business enterprise which could otherwise be leased to a <br />retail tenant or other occupant (other than management/leasing <br />offices for the sole purpose of operating and leasing the premises), <br />and does not pay fair market rental value of such space, the <br />revenue shall be calculated as the difference between the fair <br />market value and the rent actually paid by Developer or <br />Developer's affiliate. Developer has right to lease space for less <br />than market rent to a non-profit or civic organization for <br />temporary periods of not more than three (3) months. <br />(c) Net Revenues <br />"Net Revenues" means Gross Operating Revenues (as hereinafter defined) less: <br />(i) A management fee and a reserve equal to a total of five percent <br />(5%) of the Gross Operating Revenues, excluding reimbursements <br />for taxes, common area maintenance and insurance. <br />(d) Costs <br />The Costs shall include the following: <br />(i) All third party predevelopment costs (such as engineering, <br />architectural, legal and other consulting fees) incurred by the <br />Developer (or incurred by the Agency and paid for by the <br />Developer). <br />(ii) All third party costs associated with offsite improvements, and <br />demolition for which the Developer is responsible or requested to <br />Disposition and Development Page 15 <br />Agreement (Creekside Center) <br />7/23/97, 8/5/97, 8/11/97, 8/12/97 <br />