Expense Base definition

Expense Base means the Expenses for the 2017 Expense Year.

Expense Base. The sum of Operating Expenses allocable to the Premises during calendar year 2012, and the Taxes allocable to the Premises during tax calendar year 2013.

Expense Base and the "TAX BASE" shall be Landlord's Operating Expenses and Real Estate Taxes (respectively) far the fiscal year ending June 30, 1997. Landlord and Tenant hereby agree that Tenant's pro rata share (`Tenant's Share") shall be as follows: Total Footage in Building: 118,349 Demised Premises: 17,005 Tenant's Share 14.37%

Examples of Expense Base in a sentence

• The amount determined by multiplying the Operating Expense Base by the Adjustment Factor.

• The Operating Expense Base for the Expansion Space shall mean the amount of Operating Expenses for the calendar year 2015.

• Tenant shall pay to Landlord (i) Tenant’s Proportionate Share of the annual Operating Costs (as defined below, excluding Real Property Taxes, as defined below) for the Project in excess of the Operating Costs (excluding Real Property Taxes) for the Project for the Expense Base Year, and (ii) Tenant’s Proportionate Share of the annual Real Property Taxes for the Project in excess of the Real Property Taxes for the Project for the Tax Base Year (collectively, “Additional Rent”).

• However, all potentially optimal feasible and reasonable sound barrier horizontal alignments should be evaluated as part of Design Noise Reports.• Sound barriers should be modeled as equally spaced segments of logical lengths of 120-feet or less (60-foot foot segments are optimal to coincide with multiples of 10-foot, 12-foot, and 15-foot constructed panel lengths).

• During each calendar year or partial calendar year of the Term following the Expense Base Year and the Tax Base Year, as the case may be, Tenant shall pay to Landlord, in advance, concurrently with each monthly installment of Base Rent, an amount equal to the estimated Additional Rent for such calendar year or part thereof divided by the number of months Tenant is in occupancy during said calendar year.

More Definitions of Expense Base

Expense Base and the "TAX BASE" shall be Landlord's Operating Expenses and Real Estate Taxes (respectively) for the fiscal year ending June 30, 1998. Landlord and Tenant hereby agree that Tenant's pro rata share ("Tenant's Share") shall be as follows:

Expense Base means the amount of monthly Operating Expenses which is included in the base monthly rent, which amount is Eleven Thousand Twenty-Five and no/100ths Dollars ($11,025.00) per month.

Expense Base. YEAR: 1998, as more particularly defined in paragraph 4.2.

Expense Base. The actual expenses (per net rentable square foot per annum) incurred for the operation of the Building and its appurtenances for the calendar year 1996. See also Item 5 of this Lease for a more detailed description of the applicable expenses, such expenses being the Operating Expenses, Real Estate Taxes and Utility Costs described in said Item 5.

Expense Base means the Expenses attributable to the Project for the Base Year which is defined as calendar year 2003. If Building is less than 95% leased and occupied, Expenses (including those of the Expense Base) shall be equitably adjusted to reflect 95% occupancy.

Expense Base means the Operating Expense for the calendar year 1997. (d) "Tenant Expense Share" means 9.075%. (e) "Comparison Year" means each successive calendar year of the Term after the calendar year 1997. (f) If Landlord obtains earthquake insurance the deductible will be limited as it is allocated to "operating expenses" by the standards set in the insurance industry.

Expense Base shall have the meaning set forth in Section 4.1A(8) of this Lease.