Basic Operating Cost definition
Basic Operating Cost shall have the meaning given in Section 3.05.
Basic Operating Cost means all expenses and costs of every kind and nature which Landlord shall pay or become obligated to pay, because of or in connection with the management, maintenance, repair, preservation and operation of the Premises and its supporting facilities (determined in accordance with generally accepted accounting principles, consistently applied) including but not limited to the following:
Basic Operating Cost means, subject to the provisions of this Section 3.08, all expenses and costs (but not specific costs that are separately billed to and paid by specific tenants, except as provided in Sections 3.08(a) and 3.08(c)) of every kind and nature that Landlord shall have paid or incurred or become obligated to pay or incur (including costs incurred by managers and agents that are reimbursed by Landlord) because of or in connection with the management, maintenance, preservation, ownership, and operation of the Project and its supporting facilities directly servicing the Project (as allocated to the Project in accordance with sound accounting principles generally accepted in the real estate industry, consistently applied) in a first class manner. Without limiting the generality of the foregoing, but subject to the remaining provisions of this Section 3.08, Basic Operating Cost shall include all of the following:
Examples of Basic Operating Cost in a sentence
The Basic Operating Cost Adjustment shall be appropriately adjusted on the basis of such audit.
Basic Operating Cost Adjustment" shall mean the difference between Estimated Basic Operating Cost and Basic Operating Cost for any fiscal year determined as hereinafter provided.
If this Lease has been terminated or the Term hereof has expired prior to the date of such statement, then the Basic Operating Cost Adjustment shall be paid by the appropriate party within twenty (20) days after the date of delivery of the statement.
During the last month of each fiscal year during the Term, or as soon thereafter as practicable, Landlord shall give Tenant written notice of the Estimated Basic Operating Cost for the ensuing fiscal year.
Basic Operating Cost shall not include specific costs incurred for the account of, separately billed to and paid by specific tenants.
More Definitions of Basic Operating Cost
Basic Operating Cost shall not include specific costs incurred for the account of, separately billed to and paid by specific tenants.
Basic Operating Cost means all operating expenses of the Project (including the Land), computed on the accrual basis and determined in accordance with generally accepted accounting principles consistently applied. The term "operating expenses" shall mean all reasonable expenses and costs (but excluding charges separately billed to specific tenants) of every kind and nature (in view of the standard set forth in Section 3.01) which Landlord shall pay or become obligated to pay for the ownership, management, maintenance and operation of the Project, including but not limited to, the following:
Basic Operating Cost shall have the meaning given in Section 6.2
Basic Operating Cost means the total cost and expenses paid or incurred by Landlord in connection with the management, operation, maintenance and preservation of the Building, including without limitation, (1) Taxes (as herein defined); (2) wages, salaries and related expenses and benefits of all parties and individuals engaged in the operation, management, maintenance and security of the Building and the costs of an office in the Building; (3) supplies, materials and equipment rental used in operation and maintenance of the Building; (4) utilities, including without limitation water and power, air conditioning, heating, lighting and ventilating the Building; (5) all maintenance, janitorial and service agreements for the Building and the equipment therein, including without limitation, alarm service, window cleaning, elevator maintenance, sidewalks, landscaping, Building exterior and service areas; (6) reasonable management fees of all contractors engaged by Landlord or charged by Landlord if Landlord performs management services in connection with the Building; (7) reasonable legal and accounting services for the Building; provided, however, that legal expense shall not include the cost of negotiating leases, collecting rents, or legal costs incurred in proceedings against any specific tenant; (8) all insurance premiums and costs, including but not limited to, the premiums and cost of fire, casualty and liability coverage and rental abatement and earthquake insurance (if Landlord elects to provide such coverage) applicable to the Building and Landlord's personal property used in connection therewith; (9) repair, replacements and general maintenance (except for repairs paid by proceeds of insurance or by Tenant or other third parties, and alterations attributable solely to tenants of the Building other than Tenant); (10) the cost of any capital improvements made to the Building after completion of its construction as a labor-saving device or to effect other economies in the operation or maintenance of the Building, or made to the Building after the date of this Lease, that are required under any governmental law or regulation that was not applicable to the Building at the
Basic Operating Cost shall have the meaning given in SECTION 3.05.
Basic Operating Cost means the expenses and costs described in Paragraph 2(a) of Exhibit C, subject to the exclusions described in Paragraph 2(b) of Exhibit C and subject to any adjustments made to Basic Operating Cost pursuant to Paragraphs 2(c) and/or 2(d) of Exhibit C.
Basic Operating Cost means all expenses and costs of every kind and nature which Landlord shall pay or become obligated to pay because of or in connection with the operation of the Building: