Base Year Operating Expenses definition

Base Year Operating Expenses means Operating Expenses that are actually incurred in the Base Year, as adjusted in accordance with this Lease.

Base Year Operating Expenses means (a) for the Existing Space, the Operating Expenses (as defined in Paragraph 5.1.2) that are actually incurred in calendar year 2015, and (b) for the Additional Space, the Operating Expenses that are actually incurred in calendar year 2017.

Base Year Operating Expenses means the Operating Expenses for the Operating Year ending December 31, 2009.

Examples of Base Year Operating Expenses in a sentence

• There will be no reduction in Base Rent, nor credit against future Rent, as a result of the Operating Expenses for any Operating Year being less than the Base Year Operating Expenses.

• If Landlord eliminates from any subsequent year’s Operating Expenses a recurring category of Operating Expenses previously included in Base Year Operating Expenses, Landlord may subtract such category from Base Year Operating Expenses commencing with such subsequent year.

• If the amount paid by County during the last calendar year of the Lease Term exceeds County's Proportionate Share of the actual increases in Operating Expenses over the Base Year Operating Expenses for such year, Landlord shall pay County the excess amount within thirty (30) days after Landlord's submission to County of the aforesaid Statement of Operating Expenses for such calendar year after deducting all amounts due Landlord.

• Such statement shall also set forth the amount of the estimated Additional Rent reimbursement, as limited above, for the new Lease Year computed by taking the estimated excess in Tenant's Proportionate Share of Operating Expenses for the new Lease Year in excess of Tenant's Proportionate Share of Base Year Operating Expenses and dividing it by the number of months remaining in the new Lease Year.

• County shall pay Landlord, as Additional Rent within thirty (30) days of County's receipt of such Statement, County’s Proportionate Share of the actual increase in Operating Expenses over the Base Year Operating Expenses to the extent the same was not previously paid by County during the previous year as its Proportionate Share of the estimated increase in Operating Expenses.

More Definitions of Base Year Operating Expenses

Base Year Operating Expenses means the Operating Expenses for the Operating Expense Base Year, as defined in Section A. 1 above.

Base Year Operating Expenses. The amount of Operating Expenses incurred with respect to the Base Year, determined in accordance with subsection 5.02(v) (including the grossing up thereof as provided therein).

Base Year Operating Expenses means the sum specified in Paragraph 1 hereof.

Base Year Operating Expenses means the Operating Expenses for the Operating Year ending December 31, 2014.

Base Year Operating Expenses means the Operating Expenses for the Operation Year ending December 31, 1997.

Base Year Operating Expenses. The amount of Operating Expenses incurred with respect to the Base Year. Tenant's Proportionate Share: 0.24% (computed on the basis of 95% occupancy).

Base Year Operating Expenses means Operating expenses for the calendar year 2006 (the “Base Year”) multiplied by Tenant’s Pro Rata Share of the Building or Tenant’s Pro Rata Share of the Office Space, as appropriate, and subject to a gross-up adjustment as set forth in Section 9(b)(6). Because this is a base year lease, Tenant’s first monthly payment of Additional Rent shall be for January 2007.