Facility Operating Costs Sample Clauses
The Facility Operating Costs clause defines the expenses associated with running and maintaining a facility, such as utilities, repairs, maintenance, and management fees. It typically outlines which costs are included, how they are calculated, and who is responsible for paying them—often the tenant in a lease agreement. This clause ensures transparency and allocates financial responsibility for ongoing operational expenses, helping to prevent disputes over what costs are recoverable from tenants or other parties.
Facility Operating Costs. All costs of operating the Facility.
Facility Operating Costs. All costs of operating the Facility identified as set forth on the Pro Forma, including, without limitation: (i) Taxes and Assessments; (ii) Rent; (iii) Start- Up Capital; (iv) insurance; (v) all employee and employee related costs, including payroll, payroll taxes, and employee benefits, (vi) the Contingency Amount, and (vii) all other costs needed to operate and/or maintain the Facility in accordance with the terms of this Agreement and applicable Legal Requirements. Notwithstanding the foregoing, the Facility Operating Costs shall not include any costs/expenses associated with services provided by the Lake County Facilities Operations Staff at the Facility.
Facility Operating Costs