Direct Operating Costs Sample Clauses

Direct Operating Costs. Aspiration agrees to reimburse Coastal’s [* * *]. Aspiration also agrees to reimburse Coastal for [* * *]. Coastal shall provide Aspiration with an upfront estimate of charges from vendors for budgeting purposes and will update such estimates on a quarterly basis to reflect actual charges.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Direct Operating Costs. Direct operating costs shall include taxes and assessments, janitorial, guard and maintenance services, labor, reasonable managerial expenses, insurance, air conditioning, heating, electricity, water, sewage, payroll expenses, materials and supplies, services, charges and all other direct operating costs of operating and maintaining the Building. Direct operating costs shall not include expenditures for capital improvements, interest expenses or depreciation, nor additional charges imposed under Paragraphs six (6) and seven (7) hereof. Such additional charges shall be computed separately for each TENANT. All expenditures scheduled less often than annually shall be pro rated over the period to which such expenditures are applicable.
Sample 1Sample 2
Direct Operating Costs. All costs and expenses directly incurred in connection with the operation of the Food Service Program on the premises of the SFA, net of all discounts, rebates and applicable credits accruing to or received by the FSMC or its assignee to the extent those credits are allocable to the portion of the costs billed to the SFA. Direct Operating Costs consist of invoiced amounts to the FSMC for goods (food, beverages, merchandise, supplies, and small equipment) used directly in the Food Service Program of the SFA; labor costs for non-management employees who work in the SFA’s Food Service Program, i.e. salaries, wages, taxes and benefits; labor costs (reasonably allocated) for management employees of the FSMC who work directly in the SFA’s Food Service Program, i.e., salaries, wages, taxes and benefits; such other costs as are directly incurred in the operation of the SFA’s Food Service Program, including sales, use and other taxes on the purchase of goods for the SFA’s Food Service Program, cost of utilities directly allocable to the operation of the Food Service Program, menu/ticket printing, office supplies, program promotions, stationery; postage, costs of required licenses, permits, health certifications, RI Department of Health approved food safety kitchen inspections, uniforms and linen, smallwares, repair and maintenance of equipment.
Sample 1
Direct Operating Costs. With respect to Costs relating only to services for Homes for which residence agreements have been executed and for which a certificate of occupancy has been issued (such as landscaping, maintenance, and the like) Homeowner's Proportionate Share shall be based upon the proportion that the number of Shares of Stock of Nashaquisset owned by Homeowner bears to the total number of Shares of Stock of Nashaquisset allocated to such Homes; and
Sample 1
Direct Operating Costs. Commencing in the year 2006 based on the fiscal year July 1, 2005 through June 30, 2006, in addition to the Monthly Base Rent payable hereunder, Tenant also shall pay to Landlord, as additional rent, Tenants proportionate share of the increase in the direct operating costs for the Building estimated by Landlord to accrue during the then current fiscal year. Landlord may send a monthly statement to Tenant for its proportionate share of such costs, calculated as set forth in Article 4.2.1 below. Direct operating costs include but are not limited to: Real property taxes: personal property taxes (excluding those for which Tenant and other tenants of the Building are responsible under their respective leases, but including those related to Landlord’s Building management); assessments; rates and charges payable to any governmental authority in respect to the real property or Building: Building security, insurance on the Building or any part or parts thereof or any equipment or appliances therein (excluding those for which Tenant and other tenants of the Building are responsible under their respective leases, but including those related to Landlord’s Building management); refuse and garbage collection; and the provision of heat, light, water, elevator service, janitorial service and all other costs properly constituting direct operating costs for the Building according to standard accounting practices. Depreciation of Building or equipment, commissions, Interest, and expenditures required to be capitalized for Federal Income Tax purposes shall not be considered operating costs; provided, however, that if any such expenditure is made for the purpose of reducing operating costs, or is made in compliance with any law or governmental regulation, then such expenditure (including related interest and other financing costs) shall be amortized over the useful life of such improvement and the annual amortized amount shall be included in operating costs each year during such useful life. In addition, if Landlord undertakes any action which results in a reduction in the real property taxes as defined in this Article 4.2, the expenses incurred by such action (including related interest and other financing costs) shall be included in operating costs commencing the first year during which said reduction occurs.
Sample 1
Direct Operating Costs. Aspiration agrees to reimburse Coastal’s direct costs to operate the Aspiration Account Program, including but not limited to: any fees charged by the Federal Reserve Bank, ACH processing and transmission fees, check processing fees, ATM fees, reporting fees, and debit card processing fees as well as any costs incurred by Coastal with respect to mutually agreed to additional full-time employees as well as any audit and regulatory fees with respect to the Aspiration Account Program. Aspiration also agrees to reimburse Coastal for mutually agreed upon vendor costs (including but not limited to, FIS, Federal Reserve Bank, and Network fees and other fees charged by vendors to the extent that such costs are incurred by Coastal solely to effect the Aspiration Account Program). Coastal shall provide Aspiration with an upfront estimate of charges from vendors for budgeting purposes and will update such estimates on a quarterly basis to reflect actual charges.
Sample 1
Direct Operating Costs. Prosper shall pay pass-through costs identified in Section 4 of Schedule 6.2. In the event Prosper is liable for fees under this Section 6.1 and such fees are paid by Coastal, Xxxxxxx agrees to reimburse Coastal for such fees as provided in Section 7.2.
Sample 1
AutoNDA by SimpleDocs
Direct Operating Costs. (DOC) This budget provision of USD 10,000 will cover miscellaneous expenses at FAO headquarters related to the implementation of the project and the cost of operating the project.
Sample 1
Direct Operating Costs 
Sample 1Sample 2

Related to Direct Operating Costs

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • Ordinary Operating Expenses For purposes of this Agreement, Ordinary Operating Expenses means all expenses of the Funds other than extraordinary expenses, such as litigation, taxes and brokerage commissions.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Common Area Operating Expenses Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, Lessee's Share (as specified in Paragraph 1.6(b)) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:

  • Taxes and Operating Expenses All real estate taxes, charges and assessments affecting the Property (“Taxes”), all charges for water, electricity, sewer rental, gas, telephone, fuel oil and all other utilities (“Operating Expenses”), to the extent not paid directly by tenants, and all common area maintenance charges billed to tenants on an estimated basis (“CAM Charges”) shall be prorated on a per diem basis as of the date of Closing. Buyer shall be entitled to all income and responsible for all expenses for the period beginning at 12:01 a.m. (Central Time Zone (U.S.A.)) on the date of Closing, except as set forth herein. If any Taxes have not been finally assessed as of the date of Closing for the current fiscal year of the taxing authority, then the same shall be adjusted at Closing based upon the most recently issued bills therefor, and shall be re-adjusted when and if final bills are issued. If any Operating Expenses or CAM Charges cannot conclusively be determined as of the date of Closing, then the same shall be adjusted at Closing based upon the most recently issued bills thus far, and readjusted within 120 days after the end of the calendar year in which the Closing occurs or as soon thereafter as final adjustment figures are available. Buyer hereby agrees to assume all non-delinquent assessments affecting the Property, whether special or general, subject to proration on a per diem basis as of the Closing Date. If Seller is presently prosecuting tax abatement proceedings, after the Closing, Seller shall continue to be authorized to prosecute such proceedings, and shall be entitled to its pro rata share of any such abatement proceeds. Buyer agrees after the Closing, to the extent reasonably necessary for Seller to continue to prosecute such proceedings, to reasonably cooperate with Seller, to pay its pro rata share of any costs attributable to such proceedings and also agrees to promptly endorse or pay over to Seller any abatement amounts for such years received by Buyer, less applicable costs incurred by Buyer. To the extent that such refunds are paid to Seller and are due to tenants, Seller does hereby covenant and agree that it shall, upon receipt thereof, reimburse tenants for their applicable share of such refunds. Notwithstanding anything to the contrary contained herein, all reimbursable expenses shall be reconciled at Closing, such that if Seller has collected sums in excess of its reimbursable expenses under the Leases, Seller shall pay such excess to Buyer. In the event that such reconciliation shows that Seller has collected less than its incurred reimbursable expenses under the Leases, Buyer shall remit the shortfall to Seller, when and to the extent actually collected from tenants (with such collections applied first to amounts due with respect to the month in which Closing occurs, and then to any amounts due Buyer with respect to the period of time following the Closing, and then to Seller with respect to any amounts due to Seller with respect to the period of time prior to the Closing) not later than the expiration of one hundred twenty (120) days after the calendar year in which the Closing occurs with respect to the budgeting of such expenses under the Leases.

  • Operating Expenses Unless modified in accordance with Exhibit D, Landlord maintenance addendum, attached hereto, it is the intention of the parties and they hereby agree that this shall be a triple net Lease, and the Landlord shall have no obligation to provide any services, perform any acts or pay any expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises, and Tenant hereby agrees to pay one hundred percent (100%) of any and all Operating Expenses as hereafter defined for the entire term of the Lease and any extensions thereof in accordance with specific provisions hereinafter set forth. The term Operating expenses shall include all costs to Landlord of operating and maintaining the Building and related parking areas, and shall include, without limitation, real estate and personal property taxes and assessments, management fee, heating, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Building and related parking areas, unless expressly excluded from operating expenses. Notwithstanding the foregoing, operating costs (and Tenant's obligations in relation thereto) shall not include (i) any expense chargeable to a capital account or capital improvement, ground leases; principal or interest payments on any mortgage or deed of trust on the premises; (ii) any amount for which Landlord is reimbursed through insurance, by third persons, or directly by other tenants of the premises, (iii) repair costs occasioned by fire, windstorm or other casualty, (iv) any construction, repair or maintenance expenses or obligations that are the sole responsibility of Landlord (not to be reimbursed by Tenant), (v) leasing commissions and other expenses incurred in connection with leasing any other area located on the premises to any other party, (vi) any expense representing an amount paid to an affiliate or subsidiary of Landlord which is in excess of the amount which would be paid in the absence of such relationship, and (vii) costs of items and services for which Tenant reimburses Landlord or pays third persons directly.

  • Net Operating Losses In the case of a Deconsolidation Event, notwithstanding any other provision of this Agreement, VMware hereby expressly agrees to elect (under section 172(b)(3) of the Code and, to the extent feasible, any similar provision of any state, local or non-U.S. Tax law, including section 1.1502-21T(b)(3) of the Treasury Regulations) to relinquish any right to carryback net operating losses to any Pre-Deconsolidation Periods of Dell Technologies (in which event no payment shall be due from Dell Technologies to VMware in respect of such net operating losses).

  • Direct Costs Insert the major cost elements. For each element, consider the application of the paragraph entitled “Costs Requiring Prior Approval” on page 1 of these instructions.

  • Tenant’s Share of Operating Expenses Tenant shall pay Tenant’s Share of Operating Expenses in the respective shares of the respective categories of Operating Expenses as set forth below.

  • Operating Expenses and Taxes Lessee and Lessor acknowledge and agree that commencing with the Second Extended Lease Term and continuing with any Extended Lease Term validly exercised thereafter, (x) the Lease provisions relating to payment of Taxes and Operating Expenses shall be converted from a Base Year computation to a straight net basis computation, and (y) Lessee shall be assuming the obligation of maintenance and repair described in Paragraph 11 below. In connection with the conversion from a Base Year to a net lease and Lessee’s assumption of the maintenance and repair obligations described in Paragraph 11 below, Lessee and Lessor wish to modify the terms and provisions of the Lease relating to Operating Expenses to account for such modifications and Lessee’s assumption of such obligations. In connection with the foregoing, Lessee and Lessor hereby acknowledge and agree that commencing on January 1, 2013, (i) the MOU shall have no further force or effect with respect to all periods from and after January 1, 2013 (the MOU shall remain in effect with respect to periods on or before December 31, 2012, except as modified by Xxxxxxxxxx 00 xxx 00 xxxxx), (xx) notwithstanding anything to the contrary contained in the Lease, Lessee’s obligations with respect to the payment of Lessee’s Percentage of Taxes and Lessee’s Percentage of Operating Expenses shall be computed without reference to a Base Year, with the effect that Lessee’s obligation for payment of Taxes during any Tax Year shall be payment of Lessee’s Percentage of the Taxes incurred with respect to such Tax Year and Lessee’s obligation for payment of Operating Expenses during any Lease Year for Operating Expenses shall be payment of Lessee’s Percentage of the Operating Expenses incurred with respect to such Lease Year for Operating Expenses, and (iii) Article 5 of the Original Lease shall be deleted in its entirety with respect to all periods from and after January 1, 2013 and replaced with the provisions of this Paragraph 10.

Time is Money Join Law Insider Premium to draft better contracts faster.