Annual Operating Costs shall not include: (A) depreciation; (B) principal and interest on encumbrances; (C) ground rents; (D) costs actually reimbursed through insurance proceeds to repair or replace damage by fire or insured other casualty; (E) compensation and benefits of executive officers of Landlord (or its managing agent above the level of building manager; (F) Electricity Costs)(defined in 1,101--Article 7.1.4); (G) commissions payable to leasing brokers and advertising costs and other marketing expenses associated with procuring new tenants; (H) expenditures for capital improvements except those referred to in Section 7.4.1(H); (I) costs actually reimbursed by condemnation awards or under contractor warranties; (J) costs of preparing tenant space for other tenants; (K) legal fees relating to preparation of tenant leases, financing of the Buildings and violations by the Landlord or any tenant under tenant leases; (L) fees or charges paid to any Affiliate of Landlord to the extent such fees or charges exceed the fees or charges that would have been incurred to an independent entity in an arm's length transaction; (M) cost of utilities and services furnished to retail tenants who pay directly for such utilities and services under their leases; (N) costs of original artwork; (0) costs of furnishing any additional or special service to any tenant, if such service is not also available to Tenant at no charge; (P) costs of upgrading the common areas of the Buildings beyond the level of maintenance, repair, modification and replacement necessary to preserve the first class standard of quality prevailing in such areas on the date of this Lease; (Q) the cost of any fine for Landlord's failure to comply with any laws for which this Lease imposes the obligation on Landlord to comply, (R) the wages and benefits of any personnel employed to manage the garage; (S) the cost of any personnel, materials or services shared by the Buildings and any other buildings owned or operated by Landlord, to the extent reasonably allocable to such other buildings; (T) annual increases in rent for the space occupied by the management office in a Building in excess of annual increases in the Consumer Price Index (CPI-W), DC-MD-VA; and (U) phase outs of chlorofluorocarbon refrigerants which do, not result in a net decrease in Annual Operating-Costs.
Annual Operating Costs means the day to day expenses of the Authority (other than systems maintenance expenses) which shall include without limitation, personnel (except systems maintenance personnel), overhead, legal and accounting services, and similar costs for the fiscal year; as such term may be further defined in the policies of the Authority
Annual Operating Costs means the costs to Landlord of operating and maintaining the Property during each calendar year of the Lease Term. Such costs shall include by way of example rather than limitation: all real estate taxes and assessments, general or special, ordinary or extraordinary, imposed upon the Property (including all improvements thereto), all insurance premiums, fees, impositions, costs for repairs, maintenance, service contracts, management fees, governmental permits, overhead expenses, costs of furnishing water, sewer, gas, fuel, electricity and other utility services, janitorial service, trash removal, and the costs of any other items attributable to operating or maintaining any or all of the Property excluding any costs which under generally accepted accounting principles are capital expenditures; provided, however, that Annual Operating Costs shall also include the annual amortization (over the anticipated useful life) of the cost of a capital improvement, plus any interest or financing charges thereon, falling within any of the following categories: (i) a labor-saving or energy-saving device or improvement which eliminates any other component of Annual Operating Costs or which reduces any such Annual Operating Costs from the costs that would have been incurred had such device or improvement not been installed; (ii) an installation or improvement required by reason of any law, ordinance or regulation, which requirement did not exist on the date of this Lease and is generally applicable to similar office buildings; or (iii) an installation or improvement which directly enhances safety of tenants in the Building generally. If Landlord shall receive an abatement of any real estate taxes or assessments imposed upon the Property, Landlord shall promptly pay or credit to Tenant an amount equal to Tenant's share of the proceeds of such abatement, after deducting Landlord's cost in obtaining the same. If, due to a future change in the method of taxation, any other tax, however designated, is imposed in substitution for or in addition to real estate taxes, then such other tax shall be included within Annual Operating Costs. The cost of all goods, services, labor and materials supplied or furnished by Landlord at the written request of Tenant solely for the benefit of Tenant and/or the Leased Premises shall not be included within Annual Operating Costs and shall be paid by Tenant promptly upon being billed therefor. See Addendum to Agreement of Lease, Paragraph 3.(a).
Examples of Annual Operating Costs in a sentence
See also Thomas Duffy, “Navy Says DDG-100, DDG-51 Annual Operating Costs Are Rated Even,” Inside the Navy, June 2, 2008.
Half of the adopted Annual Operating Costs shall be allocated to the Members based on the principle that Members share these costs equally, except that the Smaller Members shall pay 60% of a Full Share (the “Membership Share”).
Each Member except the Smaller Members shall pay an equal full share of the adopted Annual Operating Costs (Full Share”) the Smaller Members shall pay 60% of a Full Share.
Half of the adopted Annual Operating Costs shall be allocated to the Members based on their respective population (the “Population Share”).
Each year, the Working Committee shall propose projected Annual Operating Costs, which projected costs shall be adopted by the Board prior to or during approval of the budget.
More Definitions of Annual Operating Costs
Annual Operating Costs means the costs to Landlord of operating and maintaining the Property during each calendar year of the term. Such costs shall include by way of example rather than limitation: insurance premiums, fees, impositions, costs for repairs, maintenance, service contracts, management fees, governmental permits, overhead expenses, and the costs of any other items attributable to operating or maintaining any or all of the Property excluding any costs which under generally accepted accounting principles are capital expenditures.
Annual Operating Costs means the aggregate of all costs paid or incurred by Landlord (without xxxx-up by Landlord) in operating and maintaining the Premises during each calendar year of the term, determined on a consistent basis in accordance with sound accounting practices in accordance with the further terms of this Lease. Such costs shall include by way of example rather than limitation: insurance premiums for casualty, liability and other risks (including rent protection), but excluding insurance premiums paid directly by Tenant to its insurance carrier in substitution for insurance to be otherwise provided by Landlord (and with the consent of Landlord); costs for repairs, maintenance, service contracts; license and permit fees (not including construction permits); management fees; governmental permits; the portion of common area expenses of the Office Park allocated to the Premises as herein set forth; janitorial service; trash removal; security services; costs of furnishing water, sewer, fuel and other utility services (excluding electricity which is separately metered to the Building and paid by Tenant and excluding gas which, if available to the Building, shall be similarly metered and separately paid by Tenant); landscaping and grounds maintenance; and the costs of any other items attributable to operating or maintaining any or all of the Premises, exclusive of Taxes. Annual Operating Costs shall also include the annual amortization (over the anticipated useful life) of the cost (including financing charges) of a capital improvement within any of the following categories: (A) a labor saving device or improvement which reduces or eliminates a component of Operating Costs (but the annual cost included on account thereof shall not exceed the anticipated annual savings); (B) an installation or improvement required by reason of any law, ordinance or regulation which is generally applicable to similar office buildings and which is not in effect as of the date of signing this Lease; or (C) an installation or improvement enhancing the safety or security of Tenant, its employees or invitees, made with Tenant's approval (which may be withheld in Tenant's discretion). Whenever an Operating Cost or a component of Taxes is attributable not only to the Building or Land, but also to any one or more of the other buildings owned by Landlord or Landlord's affiliates which comprise the Office Park (such as, for example, landscaping costs), then the portion thereof allocable to the Premise...
Annual Operating Costs means the actual costs to Landlord of operating and maintaining the Property (including, without limit, all improvements thereto and fixtures and equipment therein or thereon) during each calendar year of the Term (and any renewals or extensions thereof) including, without limit, the first calendar year during which the Term of this Lease shall have commenced, excluding Tenant Energy Costs (as hereinbefore defined). Such costs shall include, by way of example rather than of limitation, (1) charges or fees for, and taxes on, the furnishing to the Property of water and sewer service, electric energy (excluding the supply of electric energy included in Tenant Energy Costs) and, if the Building systems should be converted to receive the same, steam or fuel and other utility services; (2) costs of elevator service and charges or fees for maintenance of the Property, planting, replanting and janitorial service, trash removal, policing, cleaning, restriping, resurfacing, maintaining and repairing all walkways, roadways, parking areas forming part of the Property, maintaining all landscaped areas of the Property; (3) charges or fees for any necessary governmental permits; (4) wages, salaries and benefits of employees of Landlord or any management company engaged by Landlord in connection with the Building, management fees, overhead and expenses; (5) the cost of premiums for hazard, rent, liability, workmen's compensation and other insurance upon the Property or portions thereof; (6) costs arising under service contracts with independent contractors; (7) professional and consulting fees including, without limit, legal and auditing fees; (8) repairs, replacements and improvements to the Property which are appropriate for the continued operation of the Building as a first class office building; (9) all real estate taxes and assessments, general or special, ordinary or extraordinary,
Annual Operating Costs means the total of (i) Annual Operating Costs for Aircraft, and
Annual Operating Costs means the actual costs incurred by the Landlord in operating and maintaining the Property during each calendar year of the Term. Such costs shall include, by way of example rather than of limitation, (i) real property, front-foot benefit, other metropolitan district and other similar taxes or assessments (whether regular or special) levied against any or all of the Property; (ii) charges or fees for, and taxes on, the furnishing of water, sewer service, gas, fuel, or other utility services to the Property; (iii) costs of providing elevator, janitorial and trash removal service, and of maintaining grounds, common areas and mechanical systems of buildings; (iv) all other costs of maintaining, repairing or replacing any or all of the Building or the rest of the Property; (v) charges or fees for any necessary government permits; (vi) [crossed out]; (vii) premiums for hazard, liability, workmen's compensation or similar insurance upon any or all of the Property; (viii) costs arising under service contracts with independent contractors; (ix) costs of any services not provided by the Landlord to the Property on the date hereof but hereafter provided by the Landlord in its prudent management of the Property; and (x) the cost of any other items which, under generally accepted accounting principles consistently applied from year to year with respect to the Property, constitute operating or maintenance costs attributable to any or all of the Property. Such costs shall not include (i) the expense of principal and interest payments made by the Landlord pursuant to the provisions of any mortgage or deed of trust covering the Property; [SEE PARAGRAPHS 10 AND 11 OF RIDER] (b)
Annual Operating Costs as used herein, shall include all expenses incurred by Landlord in connection with owning, operating, managing, insuring, repairing, maintaining and protecting the Building and/or its appurtenances (including, without limitation, any parking areas servicing the Building) and/or the Property. By way of example, but without limitation, Annual Operating Costs shall include the following: charges and expenses, salaries, wages and employee benefits for agents or employees of Landlord engaged in the operation, maintenance, servicing or repair of the Building and/or the Property and/or its appurtenances, license, permit and inspection fees and/or charges, repairs and maintenance, utility and utility distribution charges, water and sewer charges, charges for gas, oil and other fuels, charges for steam, premiums for any casualty, liability, rent and/or other insurance obtained by Landlord or on Landlord's behalf with respect to the Building and/or the Property, security services, char and cleaning services, building and cleaning supplies, uniforms and dry cleaning and laundering, window cleaning, snow removal, repair and maintenance of the sidewalks, driveways, roadways (public and private) and grounds, including plantings and ground cover and other improvements and replacements thereto, accounting and legal fees, fees and expenses incurred by Landlord under any service (including, without limitation, garbage and waste disposal (including recycling costs), elevator service, and plumbing service) or management contracts, the cost for telephone, telegraph, stationery, postage and other materials and supplies used in the operation of the Building and/or the Property, personal property taxes, chillers, air conditioning and ventilation, advertising and promotion expenses, all sales and/or excise taxes imposed on any of the services provided by Landlord, a management fee equal to five percent (5%) of the gross revenue from the Building, the cost of any capital improvements intended to decrease Annual Operating Costs or required by Federal, state or local statutes, regulations, rules or orders (the cost of such capital improvements shall be amortized over a reasonable period of time as determined by Landlord and to this extent shall be included in Annual Operating Costs), and any other expenses or charges of any nature whatsoever, whether or not herein mentioned, which shall be included in Annual Operating Costs in accordance with generally accepted accounting and managem...
Annual Operating Costs means the actual costs to the Landlord of operating and maintaining the Property during each calendar year of the Term. Such costs shall include, by ways of example rather than of limitation (a) real property, front-foot benefit, Washington Suburban Sanitary Commission, other metropolitan district and other similar taxes or assessments (whether regular or special) with respect to any or all of the Property; (b) charges or fees for, and taxes on, the furnishing of water, sewer service, gas, fuel, electricity, or other utility services to the Property; (c) costs of elevator service and charges or fees for the maintenance, repair and replacement of common areas and mechanical and electrical systems of buildings and structural members of buildings such as exterior walls, roof, and load-bearing walls and for grounds maintenance, janitorial service and trash removal; (d) charges or fees for any necessary governmental permits; (e) management fees, overhead and expenses; (f) premiums for hazard, liability, workmen's' compensation or similar insurance upon the Property or portions thereof: (g) costs arising under service contracts with independent contractors; and (h) the cost of any other items which, under generally accepted accounting principles consistently applied from year to year with respect to the Property, constitute operating or maintenance costs attributable to any or all of the Property.