Operating Cost Escalation definition

Operating Cost Escalation shall be equal to the difference, if any, between:

Operating Cost Escalation shall be equal to Tenant's Proportionate Share of the excess, if any, of:

Operating Cost Escalation shall be equal to (a) less (b).

Examples of Operating Cost Escalation in a sentence

• If, with respect to Operating Cost Escalation, as established in Article 23(a) hereof, and Utility and Energy Cost Escalation, as established in Article 23(b) hereof, the Building is less than ninety-five percent (95%) occupied during the establishment of the respective Base Periods, then the Base Costs incurred with respect to said Operating Cost or Utility and Energy Cost shall be adjusted during any such period within the Base Period so as to reflect ninety-five percent (95%) occupancy.

• Tenant’s Operating Cost Escalation for fiscal year 2015 is estimated to be approximately $9.63 per rentable square foot.

• If, with respect to Operating Cost Escalation, as established in Subsection 25(A) hereof, and Utility and Energy Cost Escalation, as established in Subsection 25(B) hereof, the Building is not ninety-five (95%) percent occupied during the establishment of the respective Base Period Costs, then the Base Period Costs incurred with respect to said Operating Cost or Utility and Energy Cost shall be adjusted during any such period so as to reflect ninety-five (95%) percent occupancy.

• A Joint Fiduciary Review was conducted in 2008 and it found no deviations .

• The final nominal Operating Cost Escalation Factors determined by SKM for the annual forecast year to June for next 5 years are shown in Table 5-10.

More Definitions of Operating Cost Escalation

Operating Cost Escalation for any fiscal year or fraction thereof shall be equal to the difference, if any, between

Operating Cost Escalation means the difference, if any, between Tenant's Share of Landlord's Operating Costs, and the product of Annual Estimated Operating Costs per square foot multiplied by the Rentable Floor Area of Tenant's Space.

Operating Cost Escalation shall be equal to the difference, if any, between: (a) the product of Landlord's Operating Costs as indicated in Landlord's Statement and a fraction, the numerator of which shall be the Rentable Floor Area of Tenant's Space and the denominator of which shall be one-half of the Total Rentable Floor Area of the Building plus one-half of the average number of such square feet as are occupied during such fiscal year or fraction thereof and (b) the product of the Annual Estimated Operating Costs (as reduced pursuant to this Section 4.2) and a fraction, the numerator of which shall be the Rentable Floor Area of Tenant's Space and the denominator of which shall be the Total Rentable Floor Area of the Building. If the management fee is reduced by reason of a tenant's default in the payment of Annual Rent or additional rent, Landlord shall reduce the Annual Estimated Operating Costs by the amount of such reduction in the management fee. In case of special services which are not rendered to all areas on a comparable basis, the proportion allocable to the Premises shall be the same proportion which the Rentable Floor Area of Tenant's Space bears to the total rentable floor area to which such service is so rendered (such latter area to be determined in the same manner as the Total Rentable Floor Area of the Building).

Operating Cost Escalation means the difference between Tenant's Proportionate Share of the Building Operating Costs (as hereinafter defined) for the Base Year and Tenant's Proportionate Share of Building Operating Costs for the calendar year in question.

Operating Cost Escalation means the amount by which the Operating Costs in any Lease Year exceed the Operating Costs for the Lease Year from September 1, 1999, to August 31st, 2000.

Operating Cost Escalation shall be calculated as follows: (Landlord’s Operating Costs x Rentable Floor Area of Tenant’s Space - Rentable Floor Area of the Building) - Tenant’s share of Operating Costs during the Base Year, with all such amounts prorated accordingly if any applicable period is a fraction of a calendar year = Operating Cost Escalation. The Operating Cost Escalation shall be prorated accordingly if the applicable period is a fraction of a calendar year. In no event shall the Operating Cost Escalation be less than zero. In case of special services which are not rendered to all areas on a comparable basis, the proportion allocable to the Premises shall be the same proportion which the Rentable Floor Area of Tenant’s Space bears to the total rentable floor area to which such service is so rendered (such latter area to be determined in the same manner as the Total Rentable Floor Area of the Building).

Operating Cost Escalation shall be equal to the positive excess, if any, between: