Certain Operating Expenses Clause Samples
The 'Certain Operating Expenses' clause defines specific costs that are considered part of the regular, ongoing expenses necessary to operate a property or business. This clause typically outlines which expenses—such as utilities, maintenance, insurance, and property management fees—are included or excluded from the calculation of operating costs. By clearly specifying these items, the clause helps prevent disputes between parties over what expenses can be charged or reimbursed, ensuring transparency and predictability in financial obligations.
Certain Operating Expenses. Associated shall reimburse Contributor in cash at the Closing or, with respect to any DEMS License or channels covered thereby control of which is not permitted to be transferred at the Closing, upon transfer of control of such DEMS License or channels covered thereby, for all expenditures incurred and paid by FirstMark or Contributor from and after the date six (6) months after the date hereof required to fund actions deemed by Contributor and/or FirstMark to be necessary or desirable to be taken in order to fulfill customer requirements in connection with the regular operation of the DEMS Systems, including, without limitation, the implementation of marketing, construction and development plans and legal fees and expenses related thereto (collectively, the "Operating Expenses"). Reimbursements by Associated for Operating Expenses under this Section 3(f) shall be made by wire transfer of immediately available funds to an account previously designated by Contributor to Associated, against receipt by Associated of reasonably itemized invoices or other records documenting such Operating Expenses.
Certain Operating Expenses. 11 Section 4. Conditions to Consummating the Contribution...............11
Certain Operating Expenses. In addition to the Base Rent set forth in Section 3, Tenant shall directly pay certain operating expenses. The term “Tenant Operating Expenses” as used herein shall mean the total amounts paid or payable by Tenant in connection with the maintenance, repair and operation of the Premises on account of, caused by Tenant. The Tenant Operating Expenses may include, but are not limited to, the following: