Direct Operating Expenses. The Servicer shall be reimbursed for any Direct Operating Expenses not already reimbursed to the Servicer, in accordance with the priorities set forth in Section 3.02(b) of the Indenture; provided that the Servicer shall, if requested, provide to the Indenture Trustee, the Administrative Agent and each Registered Pledgee requesting the same, any and all invoices and receipts evidencing such Direct Operating Expenses.
Direct Operating Expenses. All direct costs of operation and maintenance determined by standard accounting practices which shall include all costs, expenses and disbursements of every kind and nature which Lessor shall pay or become obligated to pay in connection with the management, operation, maintenance, replacement and repair of all buildings, improvements and land comprising the Building and of the personal property, fixtures, machinery, equipment, systems and apparatus located in or used in connection therewith. By way of illustration, Direct Operating Expenses shall include but not be limited to the following: electricity, lamps, fluorescent tubes, ballasts, steam, fuel, utility costs, utility taxes, water (including sewer charges and/or rental), casualty and liability insurance, repairs and cleaning, janitorial supplies, management fees, service contracts with independent contractors, telephone, grounds maintenance, stationary advertising, equipment necessary for the maintenance and operation of the Building, reasonable reserves for operating expenses, salaries, wages, payroll charges and/or taxes, worker's compensation, hospitalization, medical, surgical, and general welfare benefits (including life insurance) and pension payments of employees of Lessor engaged in the operation and maintenance of the Building of which the Demised Premises form a part. ("Direct Operating Expenses" shall not include depreciation on the Building of which the Demised Premises are a part or equipment therein, loan payments, real estate brokers commissions, or capital expenditures for tenant finish expenses for other tenants or capital improvements to said building.)
Direct Operating Expenses. In addition to the rent specified in Paragraph 2 ----------- hereof, Tenant and Landlord agree that an annual adjustment in the rent shall be made as hereinafter provided:
Direct Operating Expenses. For purposes of calculating Buyer's Net Operating Income after the Closing Date, (a) the Net Operating Income of Parent's Houston and Dallas/Ft. Worth-based fueling operations will be included in Buyer's Net Operating Income. and (b) any Ineligible Collections Rebates paid to the Company will be excluded from Buyer's Net Operating Income.
Direct Operating Expenses. In addition to the rent provided for above, Tenant shall pay as additional rent hereunder Tenant’s Prorata Share as hereinafter defined and as further provided below:
Direct Operating Expenses. Section 4.3(b)(ii)(5) of the Lease is hereby deleted in its entirety and replaced with the following: "cost of all insurance relating to the Project, including the cost of casualty and liability insurance applicable to the Project, together with Landlord's personal property used in connection therewith, but excluding (a) the cost of any environmental insurance and (b) twenty percent (20%) of the cost of any earthquake insurance. The remaining eighty percent (80%) of the cost of any earthquake insurance shall be included within Direct Operating Expenses."
Direct Operating Expenses a. For purposes hereof:
Direct Operating Expenses. 7 7.1. Landlord to Maintain and Control Outside Areas................. 7 7.2. Tenant to Pay.................................................. 7 7.3. Monthly Payments............................................... 9
Direct Operating Expenses. RTS's budget for Direct Operating Expenses for the first twelve (12) months of the Term of this Agreement has been approved by BAHI and is listed in Exhibit C. During the term of this Agreement, revisions to the operating budget may be made for unbudgeted scope changes with the prior approval of BAHI. Thereafter during the Term of this Agreement, RTS shall submit a budget for RTS's Direct Operating Expenses and a business plan for the Center for the upcoming year by November 1 of the current year. Such budget for Direct Operating Expenses and business plan for the Center must be approved in writing by BAHI prior to December 30 of such current year. No RTS Direct Operating Expenses shall be reimbursed by BAHI to RTS until such budget and business plan are approved, in writing by BAHI. BAHI shall reimburse RTS for the Direct Operating Expenses that have been budgeted, incurred and approved by BAHI, monthly, in arrears, after submission of such Direct Operating Expenses to BAHI by RTS. RTS shall, upon the request of BAHI, supply BAHI with all information requested by BAHI concerning the Direct Operating Expenses.
Direct Operating Expenses. 16 7.1 Landlord to Maintain and Control Outside Areas. . . . . . . . . . . . . . 16 7.2 Tenant to Pay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 7.3
