Controllable Operating Expenses means all Operating Expenses except: sales, use and any other taxes, cost of insurance, costs of procuring and providing utility services, snow removal costs, landscaping costs, union labor costs (to the extent controlled by a collective bargaining agreement), costs associated with procuring permits and licenses, and costs of complying with all governmental laws and regulations.
Controllable Operating Expenses means all Operating Expenses other than Non-Controllable Operating Expenses.
Controllable Operating Expenses means those Operating Expenses for which increases are reasonably within the control of Landlord, and shall specifically not include, without limitation, Taxes, assessments, the cost of the Project Amenities and the OAS Amenities (including any applicable subsidies), refuse and or trash removal, insurance, collectively bargained union wages, electricity and other utilities. There shall be no limitation on the amount of increase from year to year on Operating Expenses which are not Controllable Operating Expenses.
Examples of Controllable Operating Expenses in a sentence
Xxxxxxxx agrees that in calculating Tenant’s Share of Expenses pursuant to this Article 3, Controllable Operating Expenses will not increase more than five percent (5%) per year, compounded annually, over the amount of such Controllable Operating Expenses for the Stabilization Year.
More Definitions of Controllable Operating Expenses
Controllable Operating Expenses means all items of Operating Expenses within the reasonable control of Landlord, thus excluding Real Property Taxes, insurance, utilities, snow removal costs, and costs incurred to comply with governmental requirements.
Controllable Operating Expenses means all Operating Expenses except for the following: (i) taxes, assessments or other similar governmental charges, (ii) insurance, (iii) utilities, (iv) costs of snow and ice removal, and (v) costs incurred to comply with laws and government regulations so long as the violation did not exist on the Delivery Date.
Controllable Operating Expenses means all Operating Expenses except utility costs, Taxes and insurance premiums.
Controllable Operating Expenses means all Operating Expenses other than real estate taxes, utilities, janitorial services, security services, insurance, and all other expenses that Landlord has no power to regulate. During the Lease Term, Landlord’s books and records pertaining to the calculation of Operating Expenses for the two (2) immediately preceding calendar years may be audited by a certified public accountant not retained by Tenant or Landlord for other accounting, tax or other consulting work (which accountant shall not be compensated in whole or in part on a contingency basis) at Tenant’s expense, at any time within twelve (12) months after Tenant’s receipt of Landlord’s Annual Statement; provided that Tenant shall give Landlord not less than thirty (30) days prior written notice of any such audit. Tenant’s audit of Landlord's books and records relating to the two (2) immediately preceding calendar years’ Operating Expenses shall occur at a mutually convenient time during reasonable business hours at Landlord's office where Landlord’s books and records are maintained. Tenant agrees to provide to Landlord copies of any and all reports, summaries, conclusions, and other results of such audit within ten (10) days following Tenant’s receipt thereof. If Landlord’s calculation of Tenant’s Additional Rental for the audited calendar year was incorrect, then Tenant shall be entitled (i) to a prompt refund of such overpayment, and (ii) the cost of Tenant’s reasonable audit fees if the corrected Tenant’s Additional Rental is less than 95% of Landlord’s calculation of Tenant’s Additional Rental; or Tenant shall promptly pay to Landlord the amount of any underpayment, as the case may be. Tenant and the accountant shall keep the results of any such audit confidential as to all parties other than Landlord, and shall enter into a written confidentiality agreement prior to conducting such audit. EXHIBIT A [THE XXXXX AND MINOR LAND] EXHIBIT B [PROJECT PLANS] EXHIBIT C-1 [PRELIMINARY PROJECT OUTLINE SPECIFICATIONS] EXHIBIT C-2 Base Building vs. Tenant Improvements General Note (applies to all sections of this Exhibit), wherever possible the Tenant’s Interior Improvements will be constructed along with the Base Building Construction in order to minimize or eliminate the cost of rework. For example the fire sprinkler work will be installed in accordance with the then approved tenant layout. In this example the Tenant pays for added sprinkler heads only as costs to relocate sprinkler heads has been ...
Controllable Operating Expenses means all Operating Expenses, except for insurance premiums, utilities, all taxes including, without limitation, real estate taxes, personal property taxes and other governmental assessments and impositions, snow removal and non-recurring costs not within Landlord’s reasonable control that are not otherwise excluded from the definition of Operating Expenses. In no event shall there be any annual limit on increases to Tenant’s Proportionate Share of Operating Expenses which are not Controllable Operating Expenses.
Controllable Operating Expenses means all items of Operating Expenses which are within the reasonable control of Landlord; thus, excluding Real Property Taxes, insurance, utilities, and other costs beyond the reasonable control of Landlord. The limit on the increases in Controllable Operating Expenses shall continue during any renewal or extended Term, using the year 2000 as the base year to calculate the applicable limit.
Controllable Operating Expenses means all Landlord’s Operating Expenses, the cost of which are within the reasonable control of Landlord. “Controllable Operating Expenses” shall exclude, without limitation: management fees, premiums for insurance, union related labor costs (or the cost of contracts dependent on union related labor costs), snow removal costs, security costs, Permitted Capital Expenditures, costs of water, sewer, electric, gas, oil or steam and other utility or regulatory charges and expenses which are caused by reason of changes in law. In the event that, with respect to any calendar year during the Term, the amount of Controllable Operating Expenses exceeds 105% of the limit on Controllable Operating Expenses for the preceding calendar year (pro-rated for any fraction of a calendar year), calculated as provided above, then such excess may be added to and included within Controllable Operating Expenses for any subsequent calendar year or fraction thereof during the Term in which 105% of the limit on Controllable Operating Expenses for the preceding calendar year exceeds the amount of Controllable Operating Expenses for such calendar year (pro-rated for any fraction of a calendar year), for as long as and to the extent necessary to allow Landlord to recover Landlord’s Operating Expenses excluded pursuant to the foregoing provisions of this Section 2.6. Notwithstanding anything contained herein to the contrary, Landlord hereby agrees that over the course of the Lease Term it will not collect more than one hundred percent (100%) of Landlord’s Operating Expenses allocable to such time period.