Base Building Operating Costs definition

Base Building Operating Costs means the Building Operating Costs paid or incurred by Landlord in the Base Year.
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Base Building Operating Costs shall also be deemed to mean and include any other costs or expenses specifically referred to in the Lease as constituting a "Base Building Operating Cost". "Base Building Operating Cost" shall also be deemed to mean and include any other costs or expenses incurred by Landlord to repair the roof, exterior walls, structural floor slabs and columns and windows of the Demised Premise as a result of any negligent act or omission of Tenant or any Tenant servant's, employees and agents to the extent such costs are not covered by insurance required to be maintained by Landlord hereunder. "Base Building Operating Cost" shall also be deemed to mean and include any other costs or expenses incurred by Landlord for any capital repair or replacement to the roof, exterior walls, structural floor slabs and columns and windows of the Demised Premise as a result of any negligent act or omission of Tenant or any of Tenant's contractors, employees or agents to the extent such costs are not covered by insurance required to be maintained by Landlord hereunder, provided, however, that Landlord shall not be required to amortize such capital repair or replacement costs. For the purposes of this Lease, whether any particular item (or series of functionally related items or components which, in the aggregate, represent a single repair or replacement project) constitutes a capital improvement or a Base Building Operating Cost shall be determined in accordance with the following principles:
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Base Building Operating Costs means all costs, expenses and disbursements (subject to the limitations set forth below) that Landlord incurs: (i) in connection with the performance of the Landlord's obligations set forth in Section 6.5 herein, including the following: (A) to the extent Landlord uses its own employees, wages and salaries (but excluding management fees except for the Management Fee described below) of all on-site and off-site employees at or below the grade of senior property manager allocable to the performance of such obligations and delivery of such base building services, based on actual time spent and hourly rates, together with a reasonable allocation of taxes, insurance, benefits and overhead relating thereto; (B) to the extent Landlord contracts for the same, all third party subcontractors' costs incurred in the performance of such base building services; (C) all supplies and materials actually used in connection with the performance of such base building services; (D) costs for improvements made to the Demised Premises which, although capital in nature, are expected to reduce the normal Base Building Operating Costs and utility costs of the Demised Premises, as amortized over the useful life of such improvements (as determined in accordance with generally accepted accounting principles) using a commercially reasonable interest rate, as determined by Landlord in Landlord's reasonable discretion; (E) a management fee (the "Management Fee") with respect to the Demised Premises, which shall in no event exceed three percent (3%) of Base Building Operating Costs for any given year; (ii) in connection with capital improvements made in order to comply with any Law hereafter promulgated by any governmental authority or any interpretation hereafter rendered with respect to any existing Law, as amortized over the useful life of such improvements (as determined in accordance with generally accepted accounting principles) using a commercially reasonable interest rate, as determined by Landlord in Landlord's reasonable discretion; (iii) for all utilities actually allocable to the performance of Landlord's obligations under Section 6.5 herein and capital improvements described in the foregoing clauses (i), (ii) and (iii), except to the extent paid directly by Tenant; (iv) for costs classified as capital expenses in accordance with generally accepted accounting principles with respect to the maintenance, repair and replacement of any component of the Demised Premises in furthera...
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Examples of Base Building Operating Costs in a sentence

  • The Base Building Operating Costs shall include the cost of providing the Standard Consumption Amount to the Premises and other premises in the Building during the Base Year, but not the cost of any excess electric current that may be used by Tenant or other tenants during the Base Year.

  • Landlord may make a good faith estimate of the Base Building Operating Costs to be due by Tenant for any calendar year or part thereof during the Term.

  • Thereafter, the monthly installments of Base Building Operating Costs payable by Tenant shall be appropriately adjusted in accordance with the estimations so that, by the end of the calendar year in question, Tenant shall have paid all of the Base Building Operating Costs as estimated by Landlord.

  • Any amounts paid based on such an estimate shall be subject to adjustments when actual Base Building Operating Costs are available for each calendar year, but in no event later than ninety (90) days after the end of each Lease Year.

  • From time to time, Landlord may estimate and re-estimate the Base Building Operating Costs to be due by Tenant and deliver a copy of the estimate or re-estimate to Tenant.

  • During each calendar year or partial calendar year of the Term, Tenant shall pay to Landlord, in advance concurrently with each monthly installment of Yearly Fixed Rent, an amount equal to the estimated Base Building Operating Costs for such calendar year or part thereof divided by the number of months therein.