Cafeteria Operating Expenses definition
Cafeteria Operating Expenses. (defined in Section 8.23 hereof; provided, however, that with respect to the Cafeteria, there shall be no duplication of expenses included in Operating Expenses and Cafeteria Operating Expenses, the intent being that a given expense with regard to the Cafeteria only be included once in Operating Expenses for the applicable year or other period); and all other reasonable and necessary expenses paid in connection with the operation, cleaning and maintenance of the Building and the Site and properly chargeable against income in accordance with generally accepted accounting practices as used in the real estate industry consistently applied, provided, however, there shall be included (a) depreciation for capital expenditures made by Landlord (i) to reduce operating expenses if Landlord shall have reasonably determined that the annual reduction in operating expenses shall exceed depreciation therefor or (ii) to comply with Exhibit 10.9 applicable Legal Requirements or Insurance Requirements; plus (b) in the case of both (i) and (ii) an interest factor, reasonably determined by Landlord, as being the interest rate then charged for long term mortgages by institutional lenders on like properties within the Route 128 West and Northwest Suburban Market; depreciation in the case of both (i) and (ii) shall be determined by dividing the original cost of such capital expenditure by the number of years of useful life of the capital item acquired and the useful life shall be reasonably determined by Landlord in accordance with generally accepted accounting principles and practices in effect at the time of acquisition of the capital item. Notwithstanding anything contained herein to the contrary, the following shall be excluded from Operating Expenses:
Cafeteria Operating Expenses means all expenses in connection with the operation, maintenance and repair of the Cafeteria business, including, without limitation, the cost of all foodstuffs, beverages and other goods to be sold in the Cafeteria; the Cafeteria Caterer's fee; the salaries, wages, fringe benefits and all other compensation and other benefits of all Cafeteria employees; the cost of any dishes, glassware or utensils, amortization of the cost of new refrigeration and other kitchen equipment and accessories; the cost of maintaining or repairing all Cafeteria-related equipment; the costs of cleaning the dining areas and the areas in front of food service counters; heat, electricity, lighting and other utilities and Cafeteria Construction Expenses.