Common use of Base Operating Cost Clause in Contracts

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:

Appears in 2 contracts

Sources: Office Lease Agreement (Wintegra Inc), Lease Agreement (Wintegra Inc)