Base Operating Expenses definition
Base Operating Expenses means the Operating Expenses for the Base Year.
Base Operating Expenses means the Operating Expenses paid or incurred by Landlord in the Base Year.
Base Operating Expenses shall have the meaning set forth in Section 27.1 hereof.
Examples of Base Operating Expenses in a sentence
During each Extended Term, Tenant shall in all events pay Tenant’s Share of Taxes and Operating Expenses as Additional Rent in accordance with Article 6 of this Lease provided that Base Taxes and Base Operating Expenses shall be updated in connection with the determination of the Fair Market Rent.
More Definitions of Base Operating Expenses
Base Operating Expenses is hereinbefore defined in Section 1.1. Base Operating Expenses shall not include (i) market-wide cost increases due to extraordinary circumstances, including but not limited to Force Majeure (as defined in Section 6.1), conservation surcharges, security concerns, boycotts, strikes, embargoes or shortages and (ii) the costs of any Permitted Capital Expenditures.
Base Operating Expenses means all Operating Expenses 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 Expenses. Landlord’s Operating Expenses (as hereinafter defined in Section 2.6) for calendar year 2015 (“Base Operating Year”), being January 1, 2015 through December 31, 2015. Base Taxes: Landlord’s Tax Expenses (as hereinafter defined in Section 2.7) for fiscal tax year 2016, being July 1, 2015 through June 30, 2016.
Base Operating Expenses means an amount equal to the Operating Expenses for the calendar year identified as the Base Year in Section 1.5, as determined by Landlord in accordance with this Exhibit C. Tenant acknowledges Landlord has not made any representations or warranties that the Base Operating Expenses will equal any specified amounts (any estimates provided by Landlord are non-binding estimates only).
Base Operating Expenses means Operating Expenses (hereinafter ----------------------- defined) for the Base Year.
Base Operating Expenses. With respect to the Second Additional Premises only, Landlord's Operating Expenses (as hereinafter defined in Section 2.6) for calendar year 2016, being the period from January 1, 2016 through December 31, 2016.” The definition of Base Operating Expenses shall remain unchanged with respect to the Existing Premises.
Base Operating Expenses means Landlord's Operating Expenses (as hereinabove defined) for calendar year 2002 (being the period from January 1, 2002 through December 31, 2002). Base Operating Expenses shall not include market-wide cost increases due to extraordinary circumstances, including but not limited to Force Majeure (as defined in Section 6.1), conservation surcharges, boycotts, strikes, embargoes or shortages.