Common use of Items Excluded from Operating Expenses Clause in Contracts

Items Excluded from Operating Expenses. (1) The cost of correcting defects in the construction of the Building or in the Building equipment, except that conditions (not occasioned by construction defects) resulting from ordinary wear and tear shall not be deemed defects for the purpose of this category;

Appears in 4 contracts

Samples: Lease Between (Clipper Realty Inc.), Lease Renewal and Amendment Agreement (Clipper Realty Inc.), Agreement of Lease (Clipper Realty Inc.)

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Items Excluded from Operating Expenses. (1) The cost of correcting conecting defects in the construction of the Building or in the Building equipment, except that conditions (not occasioned by construction defects) resulting from ordinary wear and tear shall not be deemed defects for the purpose of this category;

Appears in 1 contract

Samples: Agreement of Lease (Clipper Realty Inc.)

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