Complex Operating Costs definition

Complex Operating Costs. (as herein defined) includes all reasonable costs incurred by Lessor in operating, maintaining and repairing the Complex including, without limitation; the cost of clearing snow and ice; trash, garbage and other refuse removal from Common Areas; the cost and expense of gardening and landscaping; Lessor’s insurance including bodily injury, public liability, property damage liability, fire and extended coverage or all risk insurance covering the Complex, rent insurance; water and sewer charges; repairs to the building and building improvements for other parts of the Complex; restriping parking areas; repair to parking areas; painting, maintenance and repairs of traffic and directional signs and equipment; extermination; electrical, water or other utility charges serving the Common Areas; policing and regulating traffic; structural repairs and roof maintenance; a reserve equal to 8% of the estimated cost for resurfacing the parking area; 5% of all of the foregoing to cover Lessor’s administrative supervision, overhead and general conditions costs; and all other similar costs properly chargeable to such operation, maintenance and repair.

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Complex Operating Costs. As defined on Exhibit C.

Complex Operating Costs means all costs incurred and expenditures made by Landlord in the operation and management, repair and replacement, cleaning and maintenance of the Complex, as determined under generally accepted accounting principles consistently applied (except that the Annual Charge-Off with respect to capital expenditures shall be determined in accordance with Subparagraph (f5)). Any expenses incurred by Landlord that can be allocated on a building-by-building basis shall be so allocated in accordance with Subparagraph (f3). To the extent that a cost included in Complex Operating Costs is also allocable to property other than the Complex, such cost shall be equitably allocated to each parcel of property which benefits from such cost.

Examples of Complex Operating Costs in a sentence

If the Building is part of a Complex, Operating Costs may be prorated among the Project and the other buildings of the Complex, as reasonably determined by Landlord.
In addition, Lessee shall be responsible for its pro rata share of all other charges per the terms and conditions of the Lease to include but not limited to Lessee’s share of the Real Property Taxes, Complex Operating Costs and Utilities.
The cost of all of the foregoing shall be included as Complex Operating Costs.
If Lessor has collected in excess of expenses, Lessee shall receive a credit against future payments of Lessee’s Share of Complex Operating Costs.
The allocation of Complex Operating Costs among the various buildings in the Complex shall be on the basis of the ratio of the total rentable square feet of each building in the Complex to the Rentable Square Feet of the Complex.
If the Complex Operating Costs paid by the Tenant in respect of such Accounting Period are less than the actual Complex Operating Costs for such Accounting Period, the Tenant shall pay the difference to the Landlord forthwith.
If Lessee shall fail to pay when due any installment of Basic Rent, Lessee’s Share of Complex Operating Costs, Lessee’s Share of Real Property Taxes or any other charges to be paid by Lessee hereunder, Lessee shall pay a late charge of $0.06 for each $1.00 which remains unpaid.
The replacement Exhibit 16A shall merely document the amounts of the line item costs included in the Building Operating Cost Base and the Complex Operating Cost Base and shall not, except as Landlord and Tenant may otherwise agree in writing, add or delete any line items of cost or otherwise change the method by which Building Operating Costs or Complex Operating Costs are determined.
If the Complex Operating Costs comprising the Basic Rent paid by the Tenant in respect of such Accounting Period are greater than the amount of actual Complex Operating Costs for such Accounting Period, the difference shall be applied in payment of other amounts then owing by the Tenant to the Landlord, and the balance, if any, shall be repaid to the Tenant concurrent with the delivery of such statement.
If as a result of such metering there is a material discrepancy between the actual consumption values and the values allocated by the Landlord to the Tenant as the Tenant's Share of the such components of the Complex Operating Costs for the Accounting Period in question, the Landlord shall, within ninety (90) days thereof, adjust the Tenant's Share of such components of the Complex Operating Costs to reflect such actual consumption values.

More Definitions of Complex Operating Costs

Complex Operating Costs means the costs and expenses incurred by Landlord in operating, maintaining, repairing and managing the Common Facilities in a manner deemed by Landlord reasonable and appropriate and for the best interest of the Industrial Center, including without limitation:

Complex Operating Costs. See Section 3.2.2.

Complex Operating Costs as used herein shall mean all costs incurred by Landlord in operating, maintaining and repairing the Complex including, without limitation; the cost of clearing snow and ice; trash, garbage and other refuse removal; the cost and expense of gardening and landscaping; Landlord’s insurance including bodily injury, public liability, property damage liability, fire and extended coverage or all risk insurance covering the Complex, rent insurance; water and sewer charges; repairs to the building and building improvements and other parts of the Complex; re-striping parking areas; repair to parking areas; painting; maintenance and repairs of traffic and directional signs and equipment; extermination; electrical, water or other utility charges serving the Common Areas; policing and regulating traffic; structural repairs and roof maintenance; a reserve equal to 8% of the estimated cost for resurfacing the parking area; 5% of all of the foregoing to cover Landlord’s administrative supervision, overhead and general conditions costs; and all other similar costs properly chargeable to such operation, maintenance and repair. Excluding therefrom only the costs and expenses required of Landlord pursuant to Section 5(a)(ii). hereof. Landlord shall provide Tenant with an annual itemized estimate of all Complex Operating Costs and an annual reconciliation of actual amounts of Complex Operating Costs against estimated Complex Operating Costs.

Complex Operating Costs means, for each Accounting Period, the total cost to the Landlord, calculated in accordance with generally accepted accounting principles for operating and insuring the Complex, and maintaining, repairing, replacing, refurbishing and furnishing the Common Facilities for such Accounting Period, including the Amortization of costs and expenses of a capital nature, costs of electricity, fuel, gas, steam, water, sewage, and other utility costs and consumptions for the Complex, but excluding all costs with respect to Leasable Areas of the Complex of a character for which the Tenant is billed directly for the Leased Premises (such as, by way of example, but without limiting the generality of the foregoing, costs charged directly to the Tenant (rather than being included in Complex Operating Costs and payable as Basic Rent) pursuant to sections 4.3 (Additional Services of the Landlord), 4.4 (Upgrading Building Systems), 5.1 (Utility Services) and 6.3 (Premium Increases and Cancellation). Complex Operating Costs shall include, without duplication or limitation, the Landlord's costs for Taxes assessed against the Complex and contract administration costs incurred in connection with the Complex, building management fees or an administrative fee (not exceeding the going rate charged by trust companies or first class building management companies for building management in the City of Ottawa for similar buildings); the cost of service contracts with independent contractors and the Landlord's costs for cleaning, painting, controlling pests, supervising, policing, gardening, landscaping, striping, snow removal, electricity, water, heating, ventilation, humidification, air conditioning, materials, supplies, equipment rental, wages, salaries and benefits paid and provided for employees to the extent they are directly involved with the maintenance, operation and repair of the Common Facilities, maintenance, repairs, replacements, and all other expenditures of a nature required to be made by a prudent owner. Complex Operating Costs shall exclude fees, costs or commissions incurred in leasing the Complex and the cost of installing, operating and maintaining any specialty service for which the Tenant does not enjoy equal benefit with the other occupants of the Complex, such as by way of example, a daycare, athletic or recreation club.