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 ownership and operation of the Building and supporting facilities of the Building, and such additional facilities now and in subsequent years as may be determined by Landlord to be necessary to the Building, including, but not limited to the following:
Basic Operating Cost means all expenses and costs of every kind and nature which Tenant shall pay or become obligated to pay because of or in connection with the operation of the Building and Tenant's personal property used in connection with the operation of the Building and supporting facilities of the Building, and such additional facilities now and in subsequent years as may be determined by Tenant to be necessary to the operation of the Building including, but not limited to, 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.
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.
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.
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.
A variety of demonstration projects around the world have by now illustrated pathways to similar performance.
More Definitions of Basic Operating Cost
Basic Operating Cost means all Operating Expenses of the Project, which shall be computed on the accrual basis and shall consist of all costs and expenses incurred by Landlord to maintain all facilities in the operation of the Project and such additional facilities now and in subsequent years as may be determined by Landlord to be necessary to the Project. All Operating Expenses shall be determined in accordance with generally accepted accounting principles, which shall be consistently applied (with accruals appropriate to Landlord's business). The term "Operating Expenses" shall include the amortized cost of capital items, provided, however, that the
Basic Operating Cost means all Operating Expenses of the Project, which shall be computed on the accrual basis and shall consist of all reasonable and necessary costs and expenses incurred by Landlord to maintain all facilities in the operation of the Project and such additional facilities now and in subsequent years as may be determined by Landlord to be necessary to the Project. All Operating Expenses shall be determined in accordance with generally accepted accounting principles, which shall be consistently applied (with accruals appropriate to Landlord's business). The term "Operating Expenses" shall include the amortized cost of capital items, provided, however, that the useful life of any item shall in no event exceed fifteen years. The term "operating expenses" as used
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 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 as defined in the Master Lease (including, without limitation, Paragraph 7 and Addendum Nos. 3, 4, and 5 of the Master Lease.
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: