Examples of Operating Costs in a sentence
If the total Operating Costs are $250,000 in the current year and the cost share fraction calculated from the previous years call volume is 30%, then the Town of Halton Hills’ share will be 30% of $250,000, or $75,000.
City shall pay the cost of such audit, provided that if such audit discloses any discrepancies which result in a reduction of City’s payment of the total Operating Costs, Insurance Costs, and Real Estate Taxes of three percent (3%) or more for any Expense Year, then Landlord shall pay the costs of such audit.
In addition to Base Rent, City shall pay as additional rent any other charges or amounts City is expressly required to pay to Landlord under this Lease ("Additional Charges"), including, without limitation, Real Estate Taxes, Insurance Costs and Operating Costs.
City shall have the right, upon not less than five (5) business days’ notice to Landlord, to audit the books and records of the Building related to Operating Costs, Insurance Costs and Real Estate Taxes.
If such audit discloses any discrepancies which would result in a reduction of City’s payment of Operating Costs, Insurance Costs and Real Estate Taxes for any Expense Year, Landlord shall within thirty (30 days refund to City the amount of any overpayment by City.