Base Operating Costs definition
Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).
Base Operating Costs means Operating Costs payable by Sublandlord to Landlord for the Master Lease Premises during the Base Year.
Base Operating Costs means the Operating Costs for the calendar year set forth in Section 1.10 hereof as such Operating Costs shall be increased to be what the Operating Costs would have been if the Building were ninety-five (95%) leased and occupied during such calendar year as more specifically provided in Section 6.2.
Examples of Base Operating Costs in a sentence
If the Operating Costs (as hereinafter defined) during any lease year exceed the Base Operating Costs, then Tenant shall pay to Landlord, as additional rent, Tenant’s Proportionate Share of such excess (the “Operating Costs Excess”).
More Definitions of Base Operating Costs
Base Operating Costs means all Operating Costs incurred or payable by Landlord during the calendar year specified as Tenant’s Base Year in Item 8 of the Basic Lease Provisions.
Base Operating Costs. The Operating Costs (as defined in Subsection 4.2.2) for the 2016 calendar year.
Base Operating Costs during the term of this Lease, including, without limitation, any Extended Term, equals the product of (i) the amount specified in Item 8 of the Basic Lease Provisions, and (ii) the number of square feet of Rentable Area contained in the Project.
Base Operating Costs means Operating Costs incurred for the 2002 calendar year (the “Base Year”). If less than 95% of the rentable square feet in the Project is occupied by tenants or Landlord is not supplying services to 95% of the rentable square feet of the Project at any time during any calendar year (including the Base Year), then Operating Costs for such calendar year shall be an amount equal to the Operating Costs which would normally be expected to be incurred using reasonable projections and reasonable extrapolations from existing cost data had 95% of the Project’s rentable square feet been occupied and had Landlord been supplying services to 95% of the Project’s rentable square feet throughout such calendar year. Furthermore, if after the Base Year, the Landlord provides additional services or incurs cost items in a category not otherwise covered in Operating Costs as defined herein, the Base Operating Costs shall be increased in a manner as reasonably determined by Landlord to include such additional matter.
Base Operating Costs shall be as defined in Section 1.1.
Base Operating Costs shall be defined as follows:
Base Operating Costs means all Operating Costs incurred or payable by Landlord during the calendar year specified as Tenant’s Base Year for Operating Costs in Item 8 of the Basic Lease Provisions.