CONDOMINIUM OPERATING COSTS definition

CONDOMINIUM OPERATING COSTS means all costs incurred and expenditures made in the operation and management, repair, replacement, cleaning, insurance and maintenance of the common areas of the Condominium, exclusive of the Garage, the Building, and the other buildings in the Condominium including without limitation a commercially reasonable management fee paid to Landlord's property manager. To the extent that a cost included in Condominium Operating Costs is also allocable to property other than the Condominium, such cost shall be equitably allocated to each parcel of property which benefits from such cost. The allocation of costs and expenditures among the various buildings in the Condominium shall be on the basis of the ratio of the total rentable square feet of each building in the Condominium to the total rentable square feet of the Condominium, unless TOLERRX LEASE / BUILDING 300 / EXECUTION VERSION such allocation would result in a disproportionate charge (x) based upon the manner in which any subsequent building in the Condominium is measured relative to the manner in which the Building was measured, in which case the allocation shall be made equitably among the buildings of the Condominium, or (y) based upon the relative usage of the service on which such cost is based, in which case such allocation shall be based upon such relative usage. Condominium Operating Costs shall include, without limitation, the cost of operating any appropriate amenities in the Condominium available to all tenants of the Condominium, the costs of Landlord's management office for the Condominium and any subsidy provided by Landlord for or with respect to any such amenity.
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CONDOMINIUM OPERATING COSTS means all costs incurred and expenditures of whatever nature made in the operation and management, repair, replacement, cleaning and maintenance of the common areas of the Condominium, exclusive of the Garage, the Building, and the other buildings in the Condominium. To the extent that a cost included in Condominium Operating Costs is also allocable to property other than the Condominium, such cost shall be equitably allocated
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Related to CONDOMINIUM OPERATING COSTS

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following: (i) The operation, repair and maintenance, in neat, clean, good order and condition, of the following:

  • Operating Costs means the incremental operating expenses incurred on account of the Project implementation, management and monitoring including rent for buildings; office, vehicles, office equipment and other operation and maintenance costs; water and electricity utilities, telephone, office supplies, bank charges, additional staff costs, travel and supervision costs, per diem, but excluding the salaries of officials and public servants of the Project Implementing Entity or the Recipient’s civil service.

  • Condominium project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.