Basic Operating Costs definition
Basic Operating Costs shall have the meaning given to such term in Section 6.
Basic Operating Costs means all commercially reasonable and customary 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, preservation and operation of the Building and the Project (determined in accordance with generally accepted accounting principles, consistently applied) including but not limited to the following:
Basic Operating Costs shall have the meaning given in Section 3.5.
Examples of Basic Operating Costs in a sentence
Such insurance shall be maintained at the expense of Landlord (as a part of the Basic Operating Costs), and payments for losses thereunder shall be made solely to Landlord or the mortgagees of Landlord as their interests shall appear.
Notwithstanding such abatement of Base Rent, (a) all other sums due under the Lease, including Tenant’s Proportionate Share of Basic Operating Costs, Tenant’s Proportionate Share of Property Taxes and Additional Rent, shall be payable as provided in the Lease, and (b) any increases in Base Rent set forth above shall occur on the dates scheduled therefor.
Repairs and maintenance by Landlord pursuant to this Section 12 are included in Basic Operating Costs, except to the extent excluded by Section 6(e).
In addition to the Base Rent required to be paid hereunder, Tenant shall pay as Additional Rent, Basic Operating Costs in the manner set forth below.
In the event separate utility meters are provided to the Premises, Landlord may elect to have all charges for the utilities separately metered to the Premises billed directly to Tenant and Landlord shall make a corresponding adjustment to Tenant’s Share of Basic Operating Costs.
More Definitions of Basic Operating Costs
Basic Operating Costs means the building operating costs for the calendar year 1998. Landlord shall determine the basic operating costs and ----- shall notify Tenant in writing of the amount thereof. Tenant's percentage share of the increasing costs shall be determined by dividing the total number of square feet then currently leased by Tenant by the total gross leasable square feet of the buildings comprising of approximately 61,693 square feet. -------------------
Basic Operating Costs means all expenditures that Landlord pays or becomes obligated to pay in connection with owning, operating, and maintaining the Building, parking, and related facilities, and such additional facilities in subsequent years as may be determined by Landlord to be advisable in accordance with sound and reasonable practices for facilities of a like kind and character. Basic Operating Costs shall be determined on an accrual basis in accordance with generally accepted accounting principles which shall be consistently applied. Basic Operating Costs shall include, without limitation, the following:
(1) All costs related to the management, operation and maintenance of the Building, including, without limitation, all personnel costs;
(2) All supplies, equipment and materials used in the operation and maintenance of the Building;
(3) Cost of all utilities for the Building, including the cost of water and power, heating, lighting, air conditioning and ventilating for the Building;
(4) Cost of all maintenance and service agreements for the Building, the equipment therein and grounds, including landscaping maintenance, alarm service, window cleaning and elevator maintenance;
(5) Cost of all insurance relating to the Building, including casualty and liability insurance applicable to the Building and Landlord's personal property used in connection therewith;
(6) All taxes and assessments and governmental charges, whether federal, state, county, municipal or other, subsequently created or otherwise, and whether they be by taxing the Leased Premises or otherwise, and any other taxes and assessments attributable to the Land, the Building or its operation excluding, however, federal and state taxes on income and ad valorem taxes on Tenant's personal property and on the value of leasehold improvements to the extent that the same exceeds Building Standard allowances;
(7) Cost of repairs and general maintenance (excluding such repairs and general maintenance paid by insurance proceeds or by Tenant or other third parties;
(8) Legal expenses, accounting expenses and management fees incurred with respect to the Building;
(9) Costs incurred in compliance with existing new or revised federal or state laws or municipal ordinances or codes or regulations promulgated under any of the same; and
(10) Amortization of the cost (whether incurred before or during the Term of this Lease) of capital items which are primarily for the purpose of operation, maintenance, or repair, or of reducing (o...
Basic Operating Costs means the operating expenses of the Complex and all expenditures by Landlord to own, maintain and operate the Complex. All operating expenses shall be determined on an accrual basis in accordance with generally accepted accounting principles which shall be consistently applied. Such operating expenses shall include all expenses, costs and disbursements of every kind and nature which Landlord shall pay or become obligated to pay because of or in connection with the ownership, operation, and maintenance of the Complex, including, but not limited to, the following:
2 4 (1) Wages and salaries of all employees engaged in direct operation and maintenance of the Complex, employer's social security taxes, unemployment taxes or insurance and any other taxes which may be levied on such wages and salaries, and the cost of disability and hospitalization insurance and pension or retirement benefits for such employees;
Basic Operating Costs means the operating expenses of the Facility and all expenditures by Landlord to maintain the Facility, including, without limitation, parking and related facilities and such additional facilities in subsequent years as may be determined by Landlord to be necessary in accordance with sound and reasonable practices for facilities of like kind and character, together with a management fee of four percent (4%) of such costs. All operating expenses shall be determined on an accrual basis in accordance with generally accepted accounting principles which shall be consistently applied. Such operating expenses shall include all expenses, costs, and disbursements of every kind and nature which Landlord shall pay, or become ultimately to pay, in connection with the ownership, operation and maintenance of the Facility.
Basic Operating Costs has the meaning given to such term in Section 4.2.
Basic Operating Costs. (“costau gweithredu safonol”) means the costs which the operator would incur in providing a service if the concessions were not provided on that service;
Basic Operating Costs will not include any expenses or costs for the following items:
(i) Except as provided in Section 4.2(f), costs that, under generally accepted accounting principles, are required to be classified as capital expenditures;
(ii) Except as provided in Section 4.2(f), depreciation or amortization of the Building or its contents or components;
(iii) Expenses for the preparation of space (including tenant finish out costs) or other similar type work that Landlord performs for any tenant or prospective tenant of the Building;
(iv) Expenses incurred in leasing or obtaining new tenants or retaining existing tenants, such as marketing costs and leasing commissions;
(v) Except as provided in Section 4.2(f), legal expenses; Table of Contents
(vi) Interest, amortization or other costs associated with any mortgage, loan or refinancing of the Complex; or
(vii) Any ground rent incurred for the Complex.