Excess Expenses definition

Excess Expenses means the total dollar increases, if any, over the Base Expenses paid or incurred by Landlord in the respective calendar year.

Excess Expenses means:

Excess Expenses has the meaning set forth in Section 9.1.

Examples of Excess Expenses in a sentence

• Covered Excess Expenses must be incurred within 90 days from the date of accident.

• Such reimbursement will be made as promptly as possible, and to the maximum extent permissible without causing the Expenses for any year to exceed the Annual Limit; provided, however, that such reimbursement for Excess Expenses shall be made only if payable within three years of the end of the fiscal year in which such Excess Expenses were incurred.

• AFTER the presentation of evidence concludes, upload the final jury instructions to the “Jury Instructions” folder.

• The Adviser shall be entitled to recoup from the Trust the amount of such Excess Expenses during the Recoupment Period to the extent that such recoupment does not cause the Trust’s Ordinary Operating Expenses plus recoupment to exceed the Expense Limitation in effect at the time the expenses were paid or waived or any Expense Limitation in effect at the time of recoupment.

• The Trust hereby agrees to reimburse the Adviser for any excess expense payments that are paid or absorbed by the Adviser pursuant to this Agreement set forth above ("Excess Expenses"), subject to the conditions set forth in this Section 3.

More Definitions of Excess Expenses

Excess Expenses. As defined in Schedule 10.2(e)(17).

Excess Expenses means as of any date of determination, any Expenses due and owing that are in excess of the aggregate Expenses Cap, that remain unreimbursed after application of the applicable Expenses Cap in any calendar year will be reimbursable, subject to the applicable Expenses Cap, to the applicable parties in subsequent years. Any Excess Expenses will be reimbursable to the Servicer, the Securities Administrator, the Custodian, the Collateral Administrator, the Seller, the Issuer, the Trustee and the Guarantor to the extent of funds available on each Distribution Date.

Excess Expenses has the meaning set forth in Section 7 hereof.

Excess Expenses means, with respect to any Tax and Expense Year, the amount, if any, by which Expenses for such Tax and Expense Year exceed the amount of Expenses for the Base Year specified in the Basic Lease Information.

Excess Expenses. Landlord shall promptly refund to Tenant an amount equal to the lesser of (i) the amount of such Excess Expenses, or Tenant’s Proportionate Share thereof (from and after the Multi-Tenant Occupancy Date), and (ii) the actual amount paid by Tenant on account of all Operating Expenses or other Installment Expenses.

Excess Expenses means the total amount of Property Taxes and Operating Expenses due and payable with respect to the Property during any calendar year of the Term minus the product obtained by multiplying the expense stop specified in the Basic Terms by the number of rentable square feet in the Building.

Excess Expenses means the amount by which the annual Operating Expenses incurred by Landlord during each successive Escalation Year exceed the Expense Stop.