Annual Operating Expenses. Tenant’s Share of Annual Operating Expenses applicable to the Premises shall continue to be paid by Tenant, in addition to the Minimum Annual Rent, subject to adjustment and reconciliation and in accordance with the terms and conditions of the Lease. Tenant shall pay for all utilities supplied to or consumed in or on the Premises, including (without limitation) electricity. For the calendar year 2018, Landlord projects, as an estimate only, Tenant’s Share of Annual Operating Expenses (net of electric and other utilities payable by Tenant) for the Premises to be $5.50 per rentable square foot of the Premises.
Annual Operating Expenses. (As a percentage of average net assets) Management Fee (after waiver)(2).............................................................. 0.00% 12b-1 Fee..................................................................................... 0.75% Total Other Expenses.......................................................................... 1.97% Shareholder Services Fee......................................................... 0.25% Total Operating Expenses(3)(4)....................................................... 2.72%
Annual Operating Expenses. Tenant shall continue to pay Annual Operating Expenses and monthly installments on account of estimated Annual Operating Expenses based on Tenant’s Share, which shall be subject to reconciliation and adjustment as provided in Section 6 of the Lease (currently estimated to be $2,591.85 per month).
Annual Operating Expenses. As used in this Lease, the term annual operating expenses ("Annual Operating Expenses") means all reasonable costs of management, operation, and maintenance of the Building and the ground upon which the Building is situate incurred by Landlord during any calendar year period occurring during the term of this Lease. Such costs shall exclude the cost of improvements or repairs treated as capital costs for federal income tax purposes (provided, however, that such cost may be included to the extent of the annual amortization, calculated on a straight-line basis over the useful life thereof as reasonably determined by Landlord, of the cost of such improvement or repair), interest or amortization payments on any mortgage, legal expenses in enforcing the terms of any lease other than this Lease, expenses for repair or other work occasioned by fire or other casualty which is covered under a fire insurance policy with extended coverage which is in place with respect to the Building, expenses incurred in the leasing or procuring of new tenants (including lease commissions, advertising expenses and expenses for renting space for new tenants). Such costs shall include, by way of example rather than by way of limitation, (1) Real Estate Taxes; (2) insurance, including fire and extended coverage, public liability, rental value, and boiler and machinery coverages; (3) wages, salaries and compensation of employees, consulting, accounting, legal, janitorial, maintenance, guard and other services; (4) management fees charged by Landlord, an affiliate of Landlord or any other entity managing the Building; (5) service contracts and supplies used in connection with the cleaning, operating, labor and maintenance of the Building; (6) all repairs and decorating required to be performed by Landlord as provided for in this Lease; (7) parking lot maintenance, landscaping and snow and ice clearance; (8) charges for utilities including but not limited to water and sewer service and electricity, but excluding charges for utilities which are directly billable to any tenant pursuant to utility company meter; and (9) such other expenditures as Landlord may deem necessary and proper to be expended in connection with the operation and maintenance of a first-class office building.
Annual Operating Expenses. Tenant shall pay Annual Operating Expenses and monthly installments on account of estimated Annual Operating Expenses for the entire Premises (including the Additional Premises) based on Tenant’s Share, as amended pursuant to Section 1 of this Amendment, which shall be subject to reconciliation and adjustment as provided in Section 6 of the Lease. With respect to the Additional Premises only, Annual Operating Expenses for the Additional Premises for 2014 are estimated to be $22,283.08, payable in equal monthly installments of $1,856.92.
Annual Operating Expenses. Tenant shall continue to pay Annual Operating Expenses, which shall be subject to reconciliation and adjustment as provided in Section 6 of the Lease, based on Tenant’s Share. As provided in the Lease, Tenant shall pay for all utilities supplied to or consumed in or on the Premises, including not but limited to electricity. For the year 2015, Annual Operating Expenses (net of electric) are estimated to be $5.50 per rentable square foot, which includes full service tenant services for interior and exterior, as well as preventative maintenance for all exhaust, heating and cooling equipment (the “Equipment”) in the Premises. In the event that the Equipment must be replaced by Landlord during the Term of the Lease, the cost (including reasonable finance charges) of such replacement shall be amortized over the estimated useful life of such Equipment and passed through to Tenant on a yearly basis as part of Tenant’s Operating Expenses.
Annual Operating Expenses. (i) Landlord’s good faith estimate of annual payments of Operating Expenses (as defined below) applicable to the Initial Premises (“Initial Premises Annual Operating Expenses”) for the Lease Year (as defined below) of Year One is Six and 45/100 Dollars ($6.45) per rentable square foot of the Initial Premises, which amount includes the expenses and charges set forth in Section 6(b) below. Accordingly, from and after the Initial Premises Commencement Date, during Year One, Initial Premises Annual Operating Expenses are expected to be, based on the above estimate, Twenty-Seven Thousand One Hundred Twenty-Eight and 70/100 Dollars ($27,128.70), payable in equal monthly installments of Two Thousand Two Hundred Sixty and 73/100 Dollars ($2,260.73). All of the amounts set forth above in this Section 1(g)(i) are and shall be subject to adjustment and reconciliation as provided in this Lease.
Annual Operating Expenses. Thirty (30) days prior to end of the calendar year, Borrower shall submit to Lender, for Lender’s approval, a proposed operating budget for the Project, for the following calendar year. The proposed operating budget shall include scheduled payments to be made into operating and reserve accounts. If the amount of the proposed budget for the following calendar year does not exceed the budget for the prior calendar year by greater than five percent (5%) (or any one line item has not increased by greater than ten percent (10%)), the proposed budget shall be approved by Lender. Only Operating Expenses incurred by Borrower which do not exceed one hundred twenty percent (120%) of the amount approved by Lender in the approved operating budget may be used in the calculation of Residual Receipts without Lender’s prior written consent.
Annual Operating Expenses. 2.1 To ensure the smooth functioning of the Representation, the Government agrees to provide, in addition to its assessed contribution to FAO, an annual counterpart cash contribution of USD xxx 000 or equivalent in local currency calculated at the current UN rate of exchange, to offset the cost of office supplies, general operating expenses (communication, water, electricity) and provisions for the amortization and replacement of office equipment and vehicles over a five year period. This contribution will be revised periodically, in mutual agreement, to reflect changes in the cost of living.
Annual Operating Expenses. Lessee shall pay the “Additional Premises Pro Rata Share” of Annual Operating Expense at the same times and in the same manner as Lessee pays the “Pro Rata Share” under the Original Lease. However, the “Additional Premises Pro Rata Share” shall, for purposes of this Addendum and the Additional Leased Premises, be an amount each period equal to the sum of:
