Operating Expense Sample Clauses

Operating Expense. TENANT shall pay to LANDLORD, as "
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Operating Expense. Utilities, janitorial, building management, building maintenance and property taxes are included in the Rent above. The Rent is inclusive of all operating expenses and there will be no operating expense pass throughs over the Term of the Sublease. Normal operating hours and HVAC hours for the Premises are from 7:00 am to 6:00 pm, Monday through Friday, and from 8:00 am to 1:00 pm on Saturdays. If Sublessee requires after hours HVAC, there will not be a charge for after hour HVAC through the entire Term.
Operating Expense. Tenant shall pay to Landlord as Additional Rent an amount equal to Tenant's Proportionate Share of Operating Expense for each Operating Year. Commencing with the first month of the Lease Term, Tenant shall pay to Landlord, on account of the Operating Expense for such Operating Year, monthly installments in advance equal to one-twelfth (1/12th) of the Tenant's Operating Expense Estimate for such Operating Year. If Tenant occupies the Leased Premises or portion thereof for less than a full Operating Year, the Operating Expense will be allocated proportionately to the amount of time in such Operating Year that Tenant so occupies such space. Within one hundred twenty (120) days following the end of each Operating Year, Landlord shall furnish Tenant an Operating Expense Statement setting forth (i) the Operating Expense for the preceding Operating Year, (ii) Tenant's Proportionate Share, (iii) the Operating Expense Estimate paid by Tenant, and (iv) the amount overpaid or underpaid by Tenant on account of Operating Expense for such Operating Year (referred to herein as the "Operating Expense Adjustment"). Within fifteen (15) days following the receipt of such Operating Expense Statement (the "Expense Adjustment Date") Tenant shall pay to Landlord as Additional Rent any underpaid Operating Expense Adjustment for such Operating Year, or Landlord shall credit any overpaid Operating Expense Adjustment against the next installments of Annual Fixed Rent and Operating Expense Estimates becoming due under this Lease. The Operating Expense Statement shall also set forth a revised Operating Expense Estimate for the then current Operating Year (which revised estimate shall be based on the actual Operating Expense for the preceding Operating Year, adjusted by reasonable changes, such as changes in taxes or service contracts known to Landlord as of the date of the issuance of the Operating Expense Statement). The new Operating Expense Estimate shall be retroactive to the first day of the then current Operating Year, and any credits or adjustments shall be handled in the same manner as overpayments and underpayments for the preceding Operating Year. As used in this Section 6 and Section 1 where applicable, the following words and terms shall be defined as hereinafter set forth:
Operating Expense. Parent and its Subsidiaries shall not permit the Operating Expenses, calculated on a trailing four-quarter basis as of the last day of the most recent fiscal quarter of Parent for which financial statements were required to have been furnished to Lender pursuant to Section 7.02(b), to exceed the amounts set forth in the Closing Date Budget by more than [***] (the “Operating Expense Cap”); provided, that the Operating Expense Cap for any calculation period may be increased (without duplication of any increase to the NAC Cap pursuant to clause (b) above) by an amount (calculated on a percentage basis) equal to the percentage amount by which Gross Revenue exceeds the projected gross revenue of Parent and its Subsidiaries as set forth in the Closing Date Budget; provided, further, that Parent and its Subsidiaries shall not incur any Operating Expenses of the type which are not consistent with those specified in the consolidated statements of income of Parent and its Subsidiaries delivered to Lender prior to the Closing Date; and
Operating Expense. Except as otherwise specifically provided herein, Lessee shall bear at its own expense all costs of operating and maintaining the Rental Car Concession. Lessee shall promptly pay all expenses incurred in the operation of its Rental Car Concession.
Operating Expense. In the manner and to the extent provided in Section 8, any and all costs arising from Landlord's performance of the Premises Maintenance and Services Obligations shall be paid in full by Tenant as Additional Rent and Operating Expenses under this Lease.
Operating Expense. Utilities, janitorial, building management, building maintenance and property taxes are included in the Rent above per the Lease. The Rent is inclusive of all operating expenses and there will be no operating expense pass throughs over the Term of the Sub-Sublease outside those allowed within the Lease. Normal operating hours and HVAC hours for the Premises are from 7:00 am to 6:00 pm, Monday through Friday, and from 8:00 am to 1:00 pm on Saturdays. If Sub-Sublessee requires after hours HVAC, -charges for after hour HVAC through the entire Term will be passed through as charged to the Sub-Sublessor per the Lease.
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Operating Expense. All Taxes which are levied or assessed or which become a lien upon any portion of the Project or which become due or accrue during the Lease Term shall be an Operating Expense, and Tenant shall pay as Additional Rent each month during the Lease Term 1/12th of its annual share of such Taxes, based on Landlord’s estimate thereof, pursuant to Paragraph 12 below. Tenant’s share of Taxes during any partial tax fiscal year(s) within the Lease Term shall be prorated according to the ratio which the number of days during the Lease Term or of actual occupancy of the Premises by Tenant, whichever is greater, during such year bears to 365.
Operating Expense. As used in this Lease, "Building Operating ----------------- Expenses" means all of the Building Service Expenses and an allocable portion of the Project Expenses as follows:
Operating Expense. (a) Tenant shall pay as Additional Rental its proportionate share of any increase in operating expenses for the Premises of which the Subleased Premises are a part which may be sustained by Sublessor during the term of this lease which exceed the sum of the operating expenses of the calendar year 1995 (base year). Sublessee's proportionate share of any increase shall be that percentage determined by dividing the rentable number of square feet hereby subleased by Sublessee (21,996 square feet) by the total number of rentable square feet in the Premises (151,800 square feet), which percentage is 14.49%. Notwithstanding the foregoing, for any period of this Sublease not constituting a full calendar year, Sublessee shall pay only a fractional part of its proportionate share of any applicable increase in the operating expenses based upon the number of days of its occupancy of the Sublease Premises for such year divided by 365.
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