Base Operating Expenses Allocable to the Premises means the same proportion of Base Operating Expenses for and pertaining to the Building and the Site as the Rentable Floor Area of the Premises bears to 95% of the Total Rentable Floor Area of the Building. If with respect to any calendar year falling within the Term, or fraction of a calendar year falling within the Term at the beginning or end thereof, the Operating Expenses Allocable to the Premises for a full calendar year exceed Base Operating Expenses Allocable to the Premises, or for any such fraction of a calendar year exceed the corresponding fraction of Base Operating Expenses Allocable to the Premises then, Tenant shall pay to Landlord, as Additional Rent, the amount of such excess. Such payments shall be made at the times and in the manner hereinafter provided in this Section 2.6. Not later than one hundred and twenty (120) days after the end of the first calendar year or fraction thereof ending December 31 and of each succeeding calendar year during the Term or fraction thereof at the end of the Term, Landlord shall render Tenant a statement in reasonable detail and according to usual accounting practices certified by a representative of Landlord, showing for the preceding calendar year or fraction thereof, as the case may be, Landlord’s Operating Expenses and Operating Expenses Allocable to the Premises (the “Annual Statement”). The Annual Statement shall also show for the preceding year or fraction thereof as the case may be the amounts of operating expenses already paid by Tenant as Additional Rent, and the amount of operating expenses remaining due from, or overpaid by, Tenant for the year or other period covered by such statement. Within thirty (30) days after the date of delivery of such statement, Tenant shall pay to Landlord the balance of the amounts, if any, required to be paid pursuant to the above provisions of this Section 2.6 with respect to the preceding year or fraction thereof, or Landlord shall credit any amounts due from it to Tenant pursuant to the above provisions of this Section 2.6 against (i) monthly installments of fixed rent next thereafter coming due or (ii) any sums then due from Tenant to Landlord under this Lease (or refund such portion of the overpayment as aforesaid if the Term has ended, net of any sums then due from Tenant to Landlord). In addition, Tenant shall make payments monthly on account of Tenant’s share of increases in Landlord’s Operating Expenses anticipated for the then current year at the time and...
Base Operating Expenses Allocable to the Premises means (i) the same proportion of Base Operating Expenses as the Rentable Floor Area of the Premises bears to 95% of the Total Rentable Floor Area of the Building.
Base Operating Expenses Allocable to the Premises means the same proportion of Base Operating Expenses as the Rentable Floor Area of Tenant’s Premises bears to 95% of the Total Rentable Floor Area of the Building. “Operating Expenses for the Building” means the cost of operation of the Building and the Building’s share of the cost of operating other areas of the Prudential Center as more specifically provided below in Section 7.4, including those incurred in discharging the obligations under Sections 7.2 and 7.3; however there shall be excluded from the Operating Expenses for the Building the cost of operation of the Garage. In addition, such costs shall exclude payments of debt service and any other mortgage charges, brokerage commissions, real estate taxes (to the extent paid pursuant to Section 6.2 hereof), and costs of special services rendered to tenants (including Tenant) for which a separate charge is made, but shall include, without limitation:
Examples of Base Operating Expenses Allocable to the Premises in a sentence
For the Original Premises, until October 31, 2016 Tenant shall continue to pay as Additional Rent the amount by which Operating Expenses Allocable to the Premises exceed Base Operating Expenses Allocable to the Premises in accordance with the Existing Lease.
Additionally, postmarket monitoring may detect safety signals associated with a certain manufacturer, a class of similar products, or even more broadly, issues with materials or components (US Food and Drug Administration, 2016).
The first such Operating Expense Statement from Landlord under this Lease shall also set forth the Base Operating Expenses and the Base Operating Expenses Allocable to the Premises.
More Definitions of Base Operating Expenses Allocable to the Premises
Base Operating Expenses Allocable to the Premises means the same proportion of Base Operating Expenses as the Rentable Floor Area of Tenant’s Premises bears to the total Rentable Floor Area of the Office Area, plus the Rentable Floor Area of the Ground Floor Premises and, if applicable, the Rentable Floor Area of the BSC RFO Premises. As of the Fourth Amendment Execution Date, the Rentable Floor Area of the Office Area is 709,348 square feet and the Rentable Floor Area of the Building is 947,974 square feet. The Office Area and the Retail Area shall not be remeasured during the Term except in the event of changes thereto resulting from casualty and condemnation restoration. “Operating Expenses for the Office Area” means the cost of operation of the Office Area and the Office Area’s share of the cost of operating other areas of the Project (exclusive of the Garage) as more specifically provided below, including those incurred in discharging Landlord’s repair obligations and services to be provided by Landlord under Article VI of the Lease; however there shall be excluded from the Operating Expenses for the Office Area the cost of operation of the Garage and all expenses inuring solely to the benefit of the Retail Areas of the Project. If Landlord constructs the 000 Xxxxxxxxx Xxxxxxxx, then Operating Expenses incurred for the exterior areas of the Project shall be equitably allocated based on the Rentable Floor Area of the buildings, provided, however, no expenses that benefit solely the 000 Xxxxxxxxx Xxxxxxxx, such as utility charges and roof or building system repairs and maintenance for the 000 Xxxxxxxxx Xxxxxxxx shall be included in Operating Expenses for the Office Area. In addition, such costs shall exclude payments of debt service and any other mortgage charges, brokerage commissions, real estate taxes (to the extent paid pursuant to Section 9 hereof), and costs of special services rendered to tenants (including Tenant) for which a separate charge is made, but shall include, without limitation:
Base Operating Expenses Allocable to the Premises means the product of $15.00 multiplied by the Rentable Floor Area of the Building. “Operating Expenses for the Building” means the cost of operation of the Building and the Building’s share of the cost of operating other areas of the Prudential Center as more specifically provided below in this Section 6.2, including those incurred in discharging the obligations under Section 7.2 and 7.3 and also includes Landlord’s Tax Expenses (as hereinbefore defined); however there shall be excluded from the Operating Expenses for the Building the cost of operation of the Garage and Operating Expenses Allocable to the Retail Portion of the Building, as hereinafter defined. In addition, such costs shall exclude payments of debt service and any other mortgage charges, brokerage commissions, salaries of executives and owners not directly employed in the management or operation of the Building, the general overhead and administrative expenses of the home office of Landlord or Landlord’s managing agent or of Overlandlord or Overlandlord’s managing agent, and costs of special services rendered to tenants (including Tenant) for which a separate charge is made, but shall include, without limitation:
Base Operating Expenses Allocable to the Premises means the aggregate of Base Operating Expenses allocable to all of the Premises Components which collectively comprise the Premises. “Operating Expenses for the Property” means the cost of operation of the
Base Operating Expenses Allocable to the Premises means the same proportion of Base Operating Expenses for and pertaining to the Building and the Site as the Rentable Floor Area of the Premises bears to 95% of the Total Rentable Floor Area of the Building.
Base Operating Expenses Allocable to the Premises means the same proportion of Base Operating Expenses as the Rentable Floor Area of Tenant’s Premises bears to the Total Rentable Floor Area of the Building. “Landlord’s Operating Expenses” means the cost of operation of the Property, including those incurred in discharging the obligations under Sections 7.1, 7.2 and 7.3. In addition, such costs shall exclude payments of debt service and any other mortgage charges, brokerage commissions, real estate taxes (to the extent paid pursuant to Section 6.2 hereof), and costs of special services rendered to tenants (including Tenant) for which a separate charge is made, but shall include, without limitation:
Base Operating Expenses Allocable to the Premises means (a) the same proportion of Base Operating Expenses for and pertaining to the Building as the Rentable Floor Area of the Premises bears to the Total Rentable Floor Area of the Building plus (b) the same proportion of Landlord’s Operating Expenses for and pertaining to the Lot 2 Parking Structure and the Lxx 0 Xxxxxxx Xxxxxxx Xxxx as the Total Number of Tenant’s Parking Spaces bears to the sum of the Total Number of Parking Spaces in the Lot 2 Parking Structure and the Total Number of Lot 2 Surface Parking Spaces, plus (c) the same proportion of Base Operating Expenses for and pertaining to the Site and the Complex as the Rentable Floor Area of the Premises bears to the Total Rentable Floor Area of the Buildings. Notwithstanding the foregoing, the following shall be excluded from Landlord’s Operating Expenses:
Base Operating Expenses Allocable to the Premises means the same proportion of Base Operating Expenses as the Rentable Floor Area of Tenant’s Premises bears to 100% of the Total Rentable Floor Area of the Building. “Operating Expenses for the Building” means the cost of operation of the Building and the Building’s share (allocated per the Condominium Documents) of the cost of operating the common areas of Atlantic Wharf as more specifically provided below in Section 7.4, including those incurred in discharging the obligations under Sections 7.2 and 7.3; however there shall be excluded from the Operating Expenses for the Building all costs solely relating to the operation and maintenance of the Garage or the retail and residential portions of Atlantic Wharf. In no event shall Landlord have the right to include in Operating Expenses for the Building more than 100% of the Building’s allocable share of any Operating Expense and, so long as Landlord is operating the multi-media center in accordance with the requirements of the Chapter 91 license applicable to Atlantic Wharf (as the same may be modified by amendment or waiver), all revenue and user fees collected from use of the multi-media center shall be credited against the operating expenses of such facility. In addition, such costs shall exclude payments of debt service and any other mortgage charges, brokerage commissions, real estate taxes (to the extent paid pursuant to Section 6.2 hereof), and costs of special services rendered to tenants (including Tenant) for which a separate charge is made, but shall include, without limitation: