Operating Expense Fee Sample Clauses
The Operating Expense Fee clause defines the charges a tenant or party must pay to cover the ongoing costs of operating and maintaining a property or facility. This fee typically includes expenses such as utilities, repairs, maintenance, insurance, and sometimes management fees, and is often calculated as a proportion of the total operating costs or as a fixed amount. By clearly outlining the responsibility for these expenses, the clause ensures transparency in cost allocation and helps prevent disputes over who is liable for various operational costs.
Operating Expense Fee. In respect of the Ownership Interest of the Conduit Purchaser, an Operating Expense Fee to cover routine operating expenses of the Conduit Purchaser incurred during the immediately preceding Settlement Period, including fees payable to commercial paper dealers, issuing and paying agents, rating agencies, printers and auditors; provided that (i) the Operating Expense Fee in respect of commercial paper dealer commissions shall not exceed a rate per annum equal to 0.05% and (ii) the Operating Expense Fee in respect of issuing and paying agent fees, rating agency fees, printing and all other routine operating expenses shall not exceed a rate per annum equal to 0.01%. If the amount of any Operating Expense Fee paid for any Settlement Period exceeds the actual amount of the operating costs and expenses of the Conduit Purchaser incurred during such period, then the Conduit Purchaser will remit on an annual basis the excess to the Seller in the form of a patronage distribution.
Operating Expense Fee. An Operating Expense Fee to cover --------------------- routine operating expenses of the Purchaser incurred during the immediately preceding Settlement Period, including fees and commissions payable to commercial paper dealers, issuing and paying agents, rating agencies, printers and auditors. The Operating Expense Fee shall equal .06% per annum. If the amount of any Operating Expense Fee paid for any Settlement Period exceeds the actual amount of the operating costs and expenses of the Purchaser incurred during such period, then the Purchaser will periodically remit the excess to the Collection Agent to be applied with other Collections on the Receivables as provided hereunder.
Operating Expense Fee. Tenant will pay a fixed fee for operating expenses per unit on a quarterly basis based on the number of units leased during such quarter. This Operating Expense Fee shall be itemized (per unit) under Exhibit A hereto.