Base Operating Expenses Rate definition

Base Operating Expenses Rate is stipulated to be the rate specified in Paragraph 1.T. hereof per square foot of rentable area in the Leased Premises.

Base Operating Expenses Rate. The Actual Operating Expenses Rate for the 1996 calendar year.

Base Operating Expenses Rate is stipulated to be the rate specified in Section 1.Q. hereof per square foot of rentable area in the Premises,

Examples of Base Operating Expenses Rate in a sentence

• In addition to Base Rental, Tenant shall pay, as additional rent, Tenant's Proportionate Share of Actual Operating Expenses in excess of the Base Operating Expenses Rate.

• The term "Rent" as used herein shall mean the Base Rental, the Tenant's proportionate Share of Actual Operating Expenses in excess of the Base Operating Expenses Rate, the Parking Rentals and all other amounts provided for in this Lease to be paid by Tenant, all of which shall constitute rental in consideration for this Lease and the leasing of the Leased Premises.

• If the Term commences or ends at any time other than the first day of a calendar year, the Tenant's Proportional Share of Actual Operating Expenses in excess of the Base Operating Expenses Rate shall be prorated for such year according to the number of days of the Term during such year.

• The Base Operating Expenses Rate includes a component for ad valorem taxes in the amount of $2.40 per rentable square foot ("Landlord's Estimate").

• Landlord and Tenant agree that effective August 1, 2006, Tenant’s Base Operating Expenses Rate shall change to reflect the actual operating expenses for calendar year 2006.

More Definitions of Base Operating Expenses Rate

Base Operating Expenses Rate. The Actual Operating Expenses Rate for the 2017 calendar year.

Base Operating Expenses Rate is stipulated to be $6.50 per square foot of net rentable area of the Leased Premises on an annual basis.

Base Operating Expenses Rate is stipulated to be $7.89 per square foot of Rentable Area of the Leased Premises on an annual basis.

Base Operating Expenses Rate. The Actual Operating Expenses Rate for the 2000 calendar year. Each of the foregoing definitions and basic provisions shall be construed in conjunction with the references thereto contained in the other provisions of this Lease and shall be limited by such other provisions. Each reference in this Lease to any of the foregoing definitions and basic provisions shall be construed to incorporate each term set forth above under such definition or provision.

Base Operating Expenses Rate. The 2003 Actual Operating Expenses per square foot of rentable area contained in the Leased Premises.

Base Operating Expenses Rate is stipulated to be the rate specified in Paragraph 1.?. hereof per square foot or rentable area in the Leased Premises. (4) The term "Actual Operating Expenses" shall mean, with respect to each calendar year during the Term of this Lease, the actual Operating Expenses for such year. The term "Actual Operating Expenses Rate" shall mean, with respect to each calendar year during the Term of this Lease, the Actual Operating Expenses attributable to each square foot of rentable area in the Building, and shall be calculated by dividing the Actual Operating Expenses by the total number of square feet of rentable area in the Building, as specified in Paragraph 1.I. hereof. The term "Tenant's Proportionate Share of Actual Operating Expenses" shall mean, with respect to each calendar year during the Term of this Lease, an amount equal to the product of (i) the positive difference (if any) obtained by substracting the Base Operating Expenses Rate from the Actual Operating Expenses Rate, multiplied by (ii) the weighted average number of square feet of rentable area in the Leased Premises in such year; provided, however, if the Actual Operating Expenses Rate is determined on the basis of a partial calendar year, then in making the foregoing calculation, the Base Operating Expenses Rate shall be multiplied by a fraction, the numerator of which is the number of days in such partial calendar year and the denominator of which is 365, and the foregoing weighted average shall be calculated only on the basis of the portion of such calendar year covered by the Term of this Lease. For example, if the Actual Operating Expenses Rate for a calendar year is $3.20 and the Base Operating Expenses Rate is $3.00, and the Leased Premises contains 19,000 square feet of rentable area during the entire calendar year, Tenant's Proportionate Share of Actual Operating Expenses is $3,800.00, calculated as follows: ($3.20 - $3.00) x 19,000 = $3,800.00.

Base Operating Expenses Rate is stipulated to be the rate specified in Paragraph 1.Q, hereof per square foot of rentable area in the Lxxxxx Xxxxxxxs.