Estimated Operating Cost definition

Estimated Operating Cost for any calendar year shall mean Landlord’s estimate of Operating Cost for such calendar year.

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Estimated Operating Cost means, in relation to a Grantor Variation or a Qualifying Change of Law Variation, the estimated increase or reduction in operating costs for each year remaining in the Concession Period due to that Grantor Variation or Qualifying Change of Law Variation, as agreed by the Parties or determined by the Expert;

Estimated Operating Cost. An amount equal to Two Dollars and Forty-five Cents ($2.45) per square foot per calendar year, which represents an estimate of the Operating Cost for the entire year in which the Term of this Lease begins.

Examples of Estimated Operating Cost in a sentence

If Tenant's Estimated Operating Cost actually paid by Tenant is less than Tenant's Actual Operating Cost, Tenant shall pay such shortfall to Landlord, as additional rent, within thirty (30) days after receipt of Landlord's statement showing the amount due.
If the Operating Cost and/or Impositions for any calendar year is less than the Estimated Operating Cost and/or the Estimated Impositions, then Landlord shall pay to Tenant Tenant’s Proportionate Share of such difference within thirty (30) days after the Operating Cost Adjustment and/or the Impositions Adjustment is finally determined.
Landlord shall from time to time give Tenant written notice of the applicable Estimated Operating Cost and Estimated Impositions and any adjustments thereto.
If the amount of Tenant's Estimated Operating Cost paid by Tenant for such calendar year exceeds Tenant's Actual Operating Cost for that year, Landlord shall refund such excess to Tenant within thirty (30) days after such determination or Landlord may, at its sole option, apply such excess to any outstanding amounts due Landlord.
If the Operating Cost and/or the Impositions for any calendar year exceed the Estimated Operating Cost and/or the Estimated Impositions, Tenant shall pay to Landlord Tenant’s Proportionate Share of such excess within thirty (30) days after presentation of Landlord’s statement pursuant to Section 2.06.
The total of such additional monthly payments to be paid by Tenant for such calendar year shall be called "Tenant's Estimated Operating Cost".
If the Operating Cost and/or Impositions for any calendar year are less than, respectively, the Estimated Operating Cost and/or the Estimated Impositions, then Landlord shall pay to Tenant Tenant’s Proportionate Share of such difference with the presentation of Landlord’s statement pursuant to Section 2.06.
Landlord may include the estimated monthly amount of any regularly provided extra service in the Estimated Operating Cost for the Leased Premises, subject to adjustment under Section 2.06 and 2.07.
If the Operating Cost and/or the Impositions for any calendar year exceed, respectively, the Estimated Operating Cost and/or the Estimated Impositions, Tenant shall pay to Landlord Tenant’s Proportionate Share of such excess within thirty (30) days after presentation of Landlord’s statement pursuant to Section 2.06.
Upon Notice to Tenant, Tenant's Estimated Operating Cost may be adjusted periodically by Landlord during the calendar year on the basis of Landlord's reasonably revised estimate of Common Operating Costs for such calendar year.

More Definitions of Estimated Operating Cost

Estimated Operating Cost means, for any particular Lease Year, the Landlord's estimate of the Actual Operating Cost for such Lease Year, computed prior to the start of such Lease Year.

Estimated Operating Cost means, for any calendar year, Landlord's good faith estimate of the Actual Operating Cost (or the Operating Cost Cap, if applicable) for such year. For purposes of this Lease, the Estimated and Actual Operating Cost for calendar year 2000 will not exceed $5.50 per square foot of Rentable Area.