Expense Base Year definition

Expense Base Year means the year set forth in Section 9.1 of the Summary.

Expense Base Year shall be as specified in paragraph 1.11 of the Basic Lease Provisions.

Expense Base Year. 2022 calendar year

Examples of Expense Base Year in a sentence

• 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”).

• 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.

• Landlord shall make a good faith estimate of the Additional Rent to be due by Tenant for any calendar year or part thereof during the Term following the Expense Base Year and the Tax Base Year, as the case may be.

• For purposes of clarification, Tenant’s right to review such books and records for the Expense Base Year shall be on one occasion only.

• Tenant may, within one hundred eighty (180) days after receiving Landlord’s statement of Operating Expenses or Taxes, give Landlord written notice (“Review Notice”) that Tenant intends to review Landlord’s records of the Operating Expenses or Taxes for that calendar year and, if Tenant so chooses, the Calendar Year immediately preceding and/or the Operating Expense Base Year and Tax Base Year.

More Definitions of Expense Base Year

Expense Base Year. The calendar year 2008

Expense Base Year means the Expense Year set forth in Section 9.1 of the Summary; provided, however, if the Lease Commencement Date occurs after May 31st within any calendar year, the Expense Base Year, the Tax Expense Base Year and the Utilities Base Year shall be the next succeeding calendar year (e.g., if the Lease Commencement Date is May 15, 2009, the Expense Base Year, the Tax Expense Base Year and the Utilities Base Year shall each continue to be calendar year 2009, but if the Lease Commencement Date is July 15, 2009, the Expense Base Year, the Tax Expense Base Year and the Utilities Base Year shall each be calendar year 2010).

Expense Base Year. 1996 as defined in paragraph 4.2.

Expense Base Year. For the Original Premises: the calendar year ending December 31, 2004; For the Expansion Premises: the calendar year ending December 31, 2005. REAL ESTATE TAX BASE YEAR: For the Original Premises: the twelve month period ending on June 30, 2004; For the Expansion Premises: the twelve month period ending on June 30, 2005.

Expense Base Year. The lower of 1997 or 1998 grossed up to reflect 100% occupancy.

Expense Base Year means the calendar year set forth in paragraph 1.10 of the Basic Lease Provisions.

Expense Base Year. The calendar year 1996.