Basic Cost means all expenses and disbursements of every kind (subject to the limitations set forth below) which Landlord incurs, pays or becomes obligated to pay in connection with the ownership, operation, and maintenance of the Project (including the associated parking facilities), determined in accordance with generally accepted federal income tax basis accounting principles consistently applied, including but not limited to the following:
Basic Cost means the total cost of construction, replacement, maintenance or repair (as applicable) of a four (4) foot high, 1-1/2 inch mesh, steel chain link fence;
Basic Cost means the product of (i) Usage multiplied by (ii) Landlord's Rate.
Examples of Basic Cost in a sentence
Agreement Value Charges includes Basic Cost & all other Premium Charges (if any).
The Tenderer shall quote prices separately furnishing break-up of cost towards Basic Cost of Items testing, inspection, packing, forwarding, Freight, Handling, Insurance, Installation if any, and GST.
Agreement Value Charges includes Basic Cost & a l other Premium Charges (if any).
It shall include Basic Cost, all applicable taxes, duties & levies, inspection charge, transportation charges, transit insurance, auxiliary taxes, etc.
The rates quoted should be on CIP, Destination (CIP stands for carriage and Insurance paid) basis and should separately indicate Basic Cost, Excise Duty, Customs Duty, Sales Tax, VAT etc.
More Definitions of Basic Cost
Basic Cost means the cost of constructing a new Division Fence or replacing an existing Division Fence with a new Division Fence that is a chain-link Fence:
Basic Cost. The actual costs incurred by the Landlord in operating and maintaining the Building and the Land during each calendar year of the Expansion Premises Term for which Landlord has not been reimbursed by insurance proceeds, condemnation awards or otherwise. Such costs shall include, by way of example rather than of limitation, (i) charges or fees for, and taxes on, the furnishing of electricity, water, sewer service, gas, fuel, or other utility services to the Building and the Land; (ii) costs of providing elevator, janitorial, trash, snow removal service, restriping, resurfacing, maintaining and repairing all walkways, roadways and parking areas on the Land, security costs, and cost of maintaining grounds, common areas, signage, and mechanical systems, sanitary sewer and drainage of the Building and the Land; (iii) all other costs of maintaining and repairing any or all of the Building or Land; (iv) all costs reasonably allocated by Landlord to the common areas of the Building and the Land in a multi-building development; (v) charges or fees for any necessary governmental permits and licenses (exclusive of any relating to any tenant’s premises); (vi) management fees, overhead and expenses reasonably related to management of the Building (including salaries for personnel directly or indirectly responsible for management and operation of the Building); (vii) premiums and payment of deductibles for hazard, liability, workmen’s compensation or similar insurance upon any or all of the Building and the Land; (viii) costs arising under service contracts with independent contractors; and (ix) the cost of any other items which, under generally accepted accounting principles consistently applied from year to year with respect to the Building or the Land, constitute operating or maintenance costs attributable to any or all of the Building or the Land; provided, however, if Landlord installs new or replacement equipment intended to reduce operating costs, then Landlord shall have the right to amortize the capital costs so incurred (“Permitted Capital Costs”) as part of Basic Costs on a straight line basis over the reasonable useful life thereof.
Basic Cost means the cost of installing a 1.2 metre high steel chain link fence as a division fence;
Basic Cost means the cost of constructing, reconstructing or repairing a division fence of any kind that is an amount of money equal to the cost of the construction, reconstruction or repair of four (4) foot high steel chain link fence which shall:
Basic Cost means the cost of installing, constructing or reconstructing a 1.2 metre (4 ft.) chain link fence which:
Basic Cost. Any and all ad valorem taxes, costs, expenses and disbursement of every kind and character which Landlord shall incur, pay or become obligated to pay in connection with the ownership of any estate or interest in, and the operation, maintenance, repair, replacement and security of, the Building determined in accordance with accepted cash basis accounting principles. SEE ALSO SECTION 40.8
Basic Cost shall not include: (A) depreciation of the Building or any portion thereof; (B) interest or debt payments on encumbrances; (C) ground rents; (D) costs actually reimbursed through insurance proceeds to repair or replace damage by fire or insured other casualty; (E) compensation and benefits of executive officers or employees of Landlord or any management company above the level of property manager; (F) reserves of any kind, including but not limited to replacement reserves, and reserves for bad debts or lost rent or any similar charge not involving the payment of money to third parties; (G) commissions payable to leasing brokers and legal fees incurred in connection with the preparation and enforcement of leases; (H) costs which are considered “capital” under generally accepted accounting principles, except Permitted Capital Costs; (I) any fines, penalties or interest resulting from the negligence or willful misconduct of Landlord, its agents, contractors or employees; (K) Landlord’s charitable and political contributions; (L) attorneys fees and other expenses incurred in connection with negotiations or disputes with prospective or existing tenants of the Building; (M) costs incurred in leasing, advertising for the Building or other marketing or promotional activity specifically and primarily designed for marketing space in the Building; (N) amounts paid to persons or entities affiliated with, controlled by, controlling of, or under common control with, Landlord to the extent such amounts are materially greater than would have been charged by an unaffiliated third party in an arms-length transaction in the Landover, Maryland marketplace; (O) any management fees in excess of 4% of the annual gross rents from the Building; (P) costs for which Landlord has been compensated by a management fee; (Q) costs arising from the negligence or fault of other tenants or Landlord or its agents, or any vendors, contractors, or providers of materials or services selected, hired or engaged by Landlord or its agents; (R) to the extent not caused by Client, costs incurred in connection with any environmental clean-up, response action, or remediation on, in, under or about the Premises or the Building, including but not limited to, costs and expenses associated with the defense, administration, settlement, monitoring or management thereof; (S) costs incurred by Landlord in connection with rooftop communications equipment of Landlord or other persons, tenants, or occupants of th...