Base Operating Expenses definition

Base Operating Expenses means the Operating Expenses for the Base Year.

Base Operating Expenses shall have the meaning set forth in Section 27.1 hereof.

Base Operating Expenses means the total of Operating Expenses paid by Landlord during calendar year 2008 (the “Base Expense Year”), as adjusted under § 4.5 below.

Examples of Base Operating Expenses in a sentence

• If Landlord eliminates from any Subsequent Operating Expenses a category of recurring expenses previously included in Base Operating Expenses, Landlord may subtract such category from Base Operating Expenses commencing with such subsequent Adjustment Period.

• Landlord may exclude from Base Operating Expenses capital expenditures otherwise permitted, provided Landlord shall also exclude any amortization of such expenditures from Subsequent Operating Expenses.

• If Landlord includes a new category of recurring Subsequent Operating Expenses not previously included in Base Operating Expenses, Landlord shall also include an amount (the “Assumed Base Amount”) for such category in Base Operating Expenses commencing in such subsequent Adjustment Period.

• In no event shall a decrease in Real Estate Taxes, Utilities, or Operating Expenses below the Base Operating Expenses, Base Utilities, or Base Real Estate Taxes ever decrease the monthly Base Rent or give rise to a credit in favor of Tenant.

• An amount equal to Tenant’s Pro Rata Share of that portion of Operating Expenses paid by Landlord during each Adjustment Period which exceeds the amount of Base Operating Expenses (as all of such terms are defined in § 4.2 below).

More Definitions of Base Operating Expenses

Base Operating Expenses means the amount of 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 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. With respect to the Third Additional Premises only, Landlord’s Operating Expenses (as hereinafter defined in Section 2.6) for calendar year 2018, being the period from January 1, 2018 through December 31, 2018.” The definition of Base Operating Expenses shall remain unchanged with respect to the Existing Premises.