Common use of Basic Costs Clause in Contracts

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: