Basic Costs Sample Clauses
The 'Basic Costs' clause defines the fundamental expenses that are covered under an agreement, typically referring to the direct costs incurred in performing the contracted work or service. This may include items such as labor, materials, and equipment necessary for the completion of the project, but usually excludes overhead, profit, or other indirect costs. By clearly outlining what constitutes reimbursable basic costs, the clause helps prevent disputes over payment and ensures both parties have a shared understanding of allowable expenses.
Basic Costs. The basic costs for the event are a fixed Library administrative fee and direct costs for event-specific items such as security and staff overtime.
Basic Costs. For the period commencing with the Expansion Effective Date and ending on the Termination Date, Tenant shall pay for Tenant's Pro Rata Share of Basic Costs applicable to the Expansion Space in accordance with the terms of the Lease, provided, however, during such period, the Base Year for the computation of Tenant's Pro Rata Share of Basic Costs applicable to the Expansion Space is 2000.
Basic Costs. On a monthly basis, Tenant shall pay to Landlord an amount equal to one twelfth (1/12th) of the product of (1) Landlord’s annual Basic Costs (as described on Exhibit C), multiplied by (2) Tenant’s Proportionate Share. Tenant shall pay to Landlord, on the Commencement Date and on the first day of each calendar month thereafter, an amount equal to Tenant’s Estimated Proportionate Share of Basic Costs for the ensuing month. From time to time during any calendar year, Landlord may estimate and re-estimate the Proportionate Share of Basic Costs to be due by Tenant for that calendar year and deliver a copy of the estimate or re-estimate to Tenant. Thereafter, the monthly installments of estimated Basic Costs payable by Tenant shall be appropriately adjusted in accordance with the estimations so that, by the end of the calendar year in question, Tenant shall have paid all of its Proportionate Share of Basic Costs as estimated by Landlord. It is understood that the “estimated” cost is subject to revision based on the actual operating costs of the Building and Project.
Basic Costs. The term "Basic Costs" shall consist of all ----------- operating expenses of the Project including without limitation those specified below, which shall be computed on a cash basis and shall consist of all expenditures by Lessor to maintain in quality, first-class condition all facilities in operation from the beginning of the Term of this Lease and such additional facilities in subsequent years as may be determined by Lessor to be necessary or generally beneficial to the Project. The term Basic Costs as used herein shall mean all expenses, costs and disbursements of every kind and nature which Lessor shall pay or become obligated to pay because of or in connection with the ownership, management and operation of the Project, including without limitation the following:
Basic Costs. Basic Costs" shall mean Taxes and Operating Expenses, including adjustments provided for herein if any, determined in accordance with generally accepted accounting and management principles consistently applied unless otherwise noted herein.
Basic Costs. The Base Rental payable hereunder shall be adjusted from time to time in accordance with the following provision:
(a) Tenant's Base Rental is based, in part, upon the estimate that annual "Basic Costs" (as hereinafter defined) will be equal to the "Expense Stop". During the Lease Term, Tenant shall pay as an adjustment to Base Rental hereunder an amount (per each square foot of Rentable Area within the Premises) equal to the excess ("Excess") from time to time of Basic Costs per square foot of Rentable Area in the Building over the Expense Stop. Landlord may collect such additional Base Rental in arrears on a yearly basis. Landlord shall also have the option to make a good faith estimate of the Excess from time to time for each upcoming calendar year (or remainder thereof, if applicable) and, upon thirty (30) days' written notice to Tenant, may require the monthly payment of Base Rental to be adjusted in accordance with such estimate. Any amounts paid based on such an estimate shall be subject to adjustment pursuant to Paragraph 2 below when Basic Costs are available for such calendar year.
Basic Costs. 1 (d) Annual Cost Statement........................................................................... 1 (e) Adjustments to Basic Costs...................................................................... 2
Basic Costs. 5 4.5 Monthly Rent Payments ........................................... 7 4.6
Basic Costs. 10 6.04 Taxes...............................................................................11 6.05 Insurance Premiums..................................................................11 6.06
Basic Costs. As of the Effective Date and continuing thereafter throughout the Extension Period, Tenant shall continue to pay all Additional Rent and any other sums due and payable under the Lease, including, without limitation, Tenant’s Proportionate Share of Basic Costs for the Premises in accordance with Paragraph 7 of the Lease, except that as of the Effective Date, the Basic Costs Expense Stop shall be the actual Basic Costs on a per square foot basis incurred during calendar year 2004.