Expense Pools definition
Expense Pools shall be defined as the amount of Operating Expenses, as hereinafter defined, which are allocated by Landlord, in accordance with this Section 6.1(a), either to the entirety of the Office Area (“Office Area Expense Pool”), to the entirety of the Building (“Building Expense Pool”), or to the entirety of the Project (“Project Expense Pool”). An Operating Expense shall be allocated by Landlord to an Expense Pool only if the rentable areas of the premises within such Expense Pool have the benefit from the service or facility on which such Operating Expense is based, and no Operating Expense shall be allocated to more than one Expense Pool. For example, premises janitorial services shall be allocated entirely to the Office Area Expense Pool, insurance premiums relating to the Building shall be included in the Building Expense Pool, and maintenance costs related to the plaza shall be included in the Project Expense Pool.
Expense Pools shall be defined as the amount of Operating Expenses, as hereinafter defined, which are allocated by Landlord, in accordance with this Section 6.1(a) either to a Portion of the Building Expense Pool (as hereinafter defined), the entirety of the Building (“Building Expense Pool”), or the entirety of the Project (“Project Expense Pool”). An Operating Expense shall be allocated by Landlord to an Expense Pool only if the rentable areas of the premises within such Expense Pool have the benefit from the service or facility on which such Operating Expense is based. With respect to an Operating Expense which benefits more than one Portion of the Building Expense Pool, allocation of such Operating Expense shall be made among the Portions of the Building Expense Pools based upon the relative rentable areas within such Portions of the Building Expense Pool, unless Landlord has a reasonable basis for a different allocation. For example, premises janitorial services shall be allocated entirely to the Office Area Expense Pool, and insurance premiums relating to the Building shall be included in the Building Expense Pool. The “Portion of the Building Expense Pools” shall be defined as the Expense Pools for each of the Laboratory Area, Office Area, and Retail/Restaurant Area.