Office Operating Expenses definition

Office Operating Expenses means the aggregate of those costs and expenses (and taxes, if any, thereon, including without limitation, sales and value added taxes) paid or incurred by or on behalf of Landlord (whether directly or through independent contractors) in respect of the Operation of the Office Portion of the Real Property together with and including (without limitation) the costs of gas, oil, steam, water, sewer rental, electricity heating (other than supplemental heat for the Premises), ventilation, air conditioning (other than supplemental heating and cooling for the Premises), and other utilities furnished to the Office Portion of the Building and utility taxes, insurance premiums (including without limitation boiler, machinery, terrorist, property and other insurance costs, as determined by Landlord), condominium fees (if applicable), costs of concierge services, reasonable attorneys' fees and disbursements and management, auditing and other professional fees and expenses, and salaries, wages and benefits of employees of Landlord engaged in the Operation of the Office Portion of the Building. Landlord shall reasonably apportion Operating Expenses between Building Office Expenses and Office Operating Expenses, without duplication. Operating Expenses shall specifically exclude those costs and expenses provided on Exhibit G and shall exclude Taxes. Operating Expenses shall be calculated in accordance with Generally Accepted Accounting Principles (GAAP), consistently applied, and will include all commercially reasonable expenses incurred to operate the Building or the Office Portion of the Building, as applicable. If Landlord is not furnishing any particular work or service (the cost of which if performed by Landlord would constitute an Operating Expense) to a tenant who has undertaken to perform such work or service in lieu of the performance thereof by Landlord, Operating Expenses shall be deemed to be increased by an amount equal to the additional Operating Expenses which reasonably would have been incurred during such period by Landlord if it had at its own expense furnished such work or services to such tenant. Tenant acknowledges and agrees that the insurance coverage of the Building may change from time to time to reflect perils typically covered by reasonably prudent owners of office buildings and as required by any Mortgagee. Any insurance proceeds received with respect to any item previously included as an Operating Expense shall be deducted from Operating Expense...
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Office Operating Expenses means those Operating Expenses attributable to the Office Space and the Office Common Area, as reasonably determined by Landlord from time to time; and a management fee equal to five percent (5%) of Landlord's gross receipts from the Project including all Rentals.
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Office Operating Expenses means all of the expenses, costs and disbursement of every kind and nature relating to or incurred or paid in connection with the ownership, maintenance, management and operating of the Office Space exclusively, including without limitation (i) the costs of all services rendered by third parties with respect to the Office Space, (ii) the costs of the maintenance, repair, replacement, and preventative maintenance of Office Common Areas (including, without limitation, all equipment and lighting located therein), and (iii) the Office Space’s share of Complex Operating Expenses.
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Examples of Office Operating Expenses in a sentence

  • On and after the Rent Commencement Date during the Term, subject to the terms provided below, Base Rent shall be in the amounts set forth below: Lease Year Annual Base Rent Monthly Base Rent Base Rent PSF 1 $574,848.00 $47,904.00 $64.00 2 $585,626.40 $48,802.20 $65.20 3 $596,404.80 $49,700.40 $66.40 4 $607,183.20 $50,598.60 $67.60 5 $617,961.60 $51,496.80 $68.80 6* $628,740.00 $52,395.00 $70.00 *partial year Base Office Operating Expenses: Office Operating Expenses during calendar year2019.

  • The “Operating Expense Stop” shall be the aggregate amount of Office Operating Expenses (as hereafter defined) actually incurred or paid by Landlord for the 2023 calendar year, as adjusted in accordance with Section 3.04(c).

  • Certain expenses shall be Office Operating Expenses and certain expenses shall be Building Operating Expenses, each of which shall be reasonably determined by Landlord.

  • As used in this Lease, "Office Operating Expenses" shall mean those Operating Expenses attributable to the Office Space and the Office Common Area, as reasonably determined by Landlord from time to time; and a management fee equal to five percent (5%) of Landlord's gross receipts from the Project including all Rentals.

  • Tenant shall pay as additional rent Tenant's Office Proportionate Share of Office Operating Expenses and Tenant's Retail Proportionate Share of Retail Operating Expenses for each calendar year, commencing with the Initial Calendar Year." In addition, each reference in Section 3(b) of the Original Lease to "Tenant's Operating Expenses" shall be replaced by "Tenant's Proportionate Share of Operating Expenses".

  • Operating Expenses shall be comprised of Retail Operating Expenses, Office Operating Expenses and Shared Operating Expenses.

  • As used in this Lease, "Shared Operating Expenses" shall mean all Operating Expenses other than Retail Operating Expenses and Office Operating Expenses.