Base Operating Cost Sample Clauses

Base Operating Cost. The term “Base Operating Cost” shall mean the aggregate of all expenditures incurred by Landlord to maintain and operate the Building in a first class manner. All such expenses shall be determined in accordance with generally accepted accounting principles which shall be consistently applied. Base Operating Cost, as used in this Lease, shall mean all expenses, costs, and disbursements of every kind and nature which Landlord shall pay or become obligated to pay because of or in connection with the ownership and operation of the Building and the Parking Areas, including but not limited to, the following:
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Base Operating Cost. In addition to the minimum annual rent, Tenant shall pay annually Two Hundred Sixty Eight Thousand Nine Hundred Fifty Dollars and 00/100 ($268,950.00) herein called the "Base Operating Cost" in equal monthly in equal monthly installments concurrent with and in the same manner as Tenant's payment of the minimum annual rent and adjustments thereto. The Base Operating Cost represents Landlord's estimate of Tenant's share of the annual operating costs for the 1995 calendar year to the extent the Base Operating Cost exceeds Tenant's share of the annual operating costs as calculated for any given calendar year. Landlord shall credit such excess to Tenant's account for the following year. See continuation of Article 5(c) attached hereto.
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Base Operating Cost. The Actual Operating Cost for calendar year 1999. -------------------
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Base Operating Cost. 1.C.(2) Building...............................................................1.A.(1) BOMA Standard..............................................................3.1
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Base Operating Cost. In addition to the minimum annual rent Tenant shall pay Base operating Costs in equal monthly installments in accordance with the Base Operating Cost Schedule herein below, which sums shall be applied to payment of the costs owed to Landlord by Tenant for the taxes and impositions pursuant to Article 6, insurance pursuant to Article 7 and 16 and the management, repairs and maintenance pursuant to Article 8. Landlord shall cause the actual amount of such costs to be certified to Tenant within one hundred twenty (120) days following the end of each calendar year, and Landlord or Tenant, as the case may be, shall, within thirty (30) days of the mailing of the certification, pay to the other the amount of any deficiency or overpayment then due from one to the other. In lieu thereof, at Landlord's option, Landlord may credit Tenant's account for any overpayment. Tenant shall be provided itemized expense list at time of billing or crediting. Tenants share of Base Operating Costs will be the proportionate share as defined in Paragraph 30(f) of this lease. Monthly Installment Schedule of Base Operating Cost Months Monthly Installment ------ ------------------- Month 1 until commencement of Phase 2 $2,208.33 Commencement of Phase 2 until Commencement of Phase 3 $3,467.92 Commencement of Phase 3 thru Month 60 $4,558.33
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Base Operating Cost. 1.C.(2) Building.......................................................... 1.A.(1) Casualty............................................................. 17.1
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Related to Base Operating Cost

  • Operating Costs Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs, such monthly amounts to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs, as reasonably estimated by Landlord from time to time. The initial monthly estimated payments shall be in an amount equal to 1/12th of the Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year. If, at the expiration of the year in respect of which monthly installments of Operating Costs shall have been made as aforesaid, the total of such monthly remittances is greater than the actual Operating Costs for such year, Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such remittances is less than the Operating Costs for such year, Tenant shall pay the difference to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement of the Operating Costs, prepared, allocated and computed in accordance with generally accepted accounting principles. Any reimbursement for Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated.

  • 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:

  • Operating Expenses During the term of this Lease Tenant shall pay to Landlord as additional rent all ad valorem taxes and operating expenses and other charges of every kind and nature (“Operating Expenses”) incurred or paid by Landlord in connection with the maintenance, repair, operation, management, or ownership of the Premises. If requested, Tenant agrees to pay Landlord on the first day of each calendar month, together with the payment of rent, such amount as Landlord estimates from time to time as necessary to pay such expenses. Landlord shall ▇▇▇▇ Tenant annually after the end of each year for such expenses. In the event the aggregate of Tenant’s installments during the year shall be less than the amount of Operating Expenses due from Tenant, such deficiency shall be paid to Landlord within ten (10) days after demand therefore. In the event the aggregate of Tenant’s installments during the year shall be more than the amount of Operating Expenses due from Tenant, such overpayment shall be applied to Tenant’s next monthly installment of Operating Expenses and Rent. As used herein, the term “Operating Expenses” shall include the cost of maintaining casualty and public liability insurance covering the Premises, real estate ad valorem taxes and all costs of managing, operating and maintaining the Premises, including but not limited to: costs of constructing, maintaining and repairing on site and off-site traffic controls; decorating, painting, lighting, sanitary control, and removal of trash, garbage and other refuse; maintenance, repair and replacement of utility systems serving any common areas, including water, sanitary sewer and storm water lines and other utility lines, pipes and conduits; costs of utilities, including water, sewer, electricity, and gas; janitorial, sweeping and cleaning services, trash bin rentals, trash pickup fees, licenses, permits and inspection fees; parking lot painting and restriping; planting, irrigating, gardening and landscaping; signs and markers; parking control and security guards and fire protection or detection service; all general maintenance and repair; other general operation and maintenance costs and expenses; all labor and supplies required by the foregoing; and administrative costs directly attributable thereto.

  • 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”).

  • Rent and Operating Expenses Section 4.1 Basic Rent Section 4.2 Operating Expenses Section 4.3