Excess Operating Costs definition

Excess Operating Costs means the amount by which the Net Interim Period Operating Costs exceeds the Maximum Interim Period Operating Costs. For the avoidance of doubt, if the Net Interim Period Operating Costs are less than or equal to the Maximum Interim Period Operating Costs, the Excess Operating Costs shall equal zero (0).

Excess Operating Costs means any excess of (i) Landlord's Operating Costs for any calendar year following the Base Year over (ii) the actual Operating Costs of the Base Year.

Excess Operating Costs means any increases in Operating Costs (defined below) for each year and partial year of the Term over the Operating Costs incurred during the Base Year. Landlord may make a good faith estimate of Excess Operating Costs to be due by Tenant for any calendar year or part thereof during the Term. During each calendar year or partial calendar year of the Term after the Base Year, Tenant shall pay to Landlord, in advance concurrently with each monthly installment of Basic Rent, an amount equal to Tenant’s estimated Excess Operating Costs for such calendar year or part thereof divided by the number of months therein. From time to time, Landlord may estimate and re-estimate the Excess Operating Costs to be due by Tenant and deliver a copy of the estimate or re-estimate to Tenant. Thereafter, the monthly installments of Excess Operating Costs payable by Tenant shall be appropriately adjusted in accordance with the estimations so that, by the end of the calendar year in question, Tenant shall have paid all of the Excess Operating Costs as estimated by Landlord. Any amounts paid based on such an estimate shall be subject to adjustment as herein provided when actual Operating Costs are available for each calendar year.

Examples of Excess Operating Costs in a sentence

• In addition to any other terms or conditions set forth in this Amendment, Landlord's obligations hereunder are conditioned upon Tenant's compliance with all terms of the Lease up to and including the Effective Date, and Tenant is and shall remain obligated to pay the Basic Annual Rent and Tenant's Proportionate Share of Excess Operating Costs with respect to the Expansion Premises through the Effective Date.

• As of the Effective Date, and assuming compliance with all of the terms and conditions set forth in this Amendment, the Rentable Area, Tenant's Proportionate Share of Excess Operating Costs for the Premises, the Basic Annual Rent and the monthly installment of the Basic Annual Rent shall be as set forth in the Original Lease, as if Amendment No. I had never been enacted; provided.

• From and after the July 1, 1997, Tenant's Proportionate Share of Excess Operating Costs for the Premises shall be .6439% (assuming that the Rentable Area of the Premises is as set forth in Section 2 above).

• Landlord may make a good faith estimate of Excess Operating Costs to be due by Tenant for any calendar year or part thereof during the Term.

• Thereafter, the monthly installments of Excess Operating Costs payable by Tenant shall be appropriately adjusted in accordance with the estimations so that, by the end of the calendar year in question, Tenant shall have paid all of the Excess Operating Costs as estimated by Landlord.

More Definitions of Excess Operating Costs

Excess Operating Costs means any excess of (i) Landlord's Operating Costs for any calendar year over (ii) the Operating Cost Stop multiplied by Total Square Footage.

Excess Operating Costs means, for each calendar year or fractional calendar year during the Term, the amount by which Operating Costs for such calendar year or fractional calendar year exceed Base Year Operating Costs.

Excess Operating Costs at any point in time means, with respect to a Net Profits Interest, an amount equal to the excess of Operating Costs over Gross Proceeds of such Net Profits Interest for each calculation period. Excess Operating Costs shall be reduced by any revenues that would reduce Operating Costs pursuant to Section 1.17 hereinbelow but have not otherwise reduced such Operating Costs.

Excess Operating Costs means the difference between (i) the Operating Costs for as Lease Year minus (ii) the product of (A) Landlord's Operating Cost Contribution multiplied times (B) the area of the Building.

Excess Operating Costs. For any calendar year, the amount by which Operating Costs for that year exceed the 1994 Operating Costs. If the rentable area of the Building in that year differs from the rentable area of the Building in 1994, then the 1994 Operating Costs shall be appropriately adjusted.

Excess Operating Costs means, in a tax year, the amount (if any) by which a person’s direct operating costs in the tax year exceeds the person’s gross income from petroleum operations for the same tax year;

Excess Operating Costs. For any year during the Term, the remainder of Operating Costs for such year minus the greater of (i) Operating Costs for the Operating Cost Base Year, or (ii) Six Dollars and Twenty-Five Cents ($6.25) per Rentable Square Foot.