Operating Expense Allowance definition

Operating Expense Allowance. Operating Expense Allowance means that portion of Tenant's Percentage of Operating Expenses as described in PARAGRAPH 6 below which Landlord has included in Monthly Base Rent, which, for purposes of this Lease, will be an amount equal a Base Year 1994.
Operating Expense Allowance means and equal the monthly amount hereinabove set forth.
Operating Expense Allowance. Operating Expense Allowance means that portion of Tenant's Percentage of Operating Expenses as described in Paragraph 6 below which Landlord has included in Monthly Base Rent, which, for purposes of this Lease, will be an amount equal to $7.65 per Rentable Square Foot per year.

Examples of Operating Expense Allowance in a sentence

  • In the event Tenant's Percentage of Operating Expenses for any calendar year is less than Tenant's Operating Expense Allowance, Tenant will not be entitled to a credit against any rent, additional rent or Tenant's Percentage of future Operating Expenses payable hereunder.

  • The lack of participation in such entities could be felt when formulating new policies and legislation.

  • The impact to the Group Statement of Comprehensive Income of a 1% decrease in base rate of interest would be an increase the profit by £1,468 (2008: £2,443).

  • If the Operating Expense for any Operating Year shall be in excess of the Operating Expense Allowance, Tenant shall pay to Landlord as Additional Rent an amount equal to Tenant's Proportionate Share (as defined in Subsection 1A of this Exhibit) of such excess.

  • In addition to Monthly Base Rent, throughout the Term of this Lease, Tenant agrees to pay Landlord as additional rent in accordance with the terms of this Xxxxxxxxx 0, Xxxxxx'x Xxxxxxxxxx of Operating Expenses as defined in Exhibit "E" attached hereto to the extent Tenant's Percentage of Operating Expenses exceeds Tenant's Operating Expense Allowance.


More Definitions of Operating Expense Allowance

Operating Expense Allowance. Operating Expense Allowance means Tenant's Percentage of Operating Expenses as described in Paragraph 6 below which Landlord has included in Monthly Base Rent, which, for purposes of this Lease, will be an amount equal to the Operating Expenses incurred for calendar year 2000 (the "Base Year").
Operating Expense Allowance means and equal -Tenant’s Proportionate Share of the amount of Operating Expenses for the calendar year 2000.
Operating Expense Allowance means and equal the amount set forth in Section 1 of this Lease.
Operating Expense Allowance means Two Hundred Fourteen Thousand Nine Hundred Two and 00/100 Dollars ($214,902.00) per year, Four and 50/100 Dollars ($4.50) per square foot An estimate of the first year's operating costs is attached hereto as Exhibit "B".
Operating Expense Allowance means and equal the amount set forth in Section 1 of this Lease multiplied by the rentable area of the Building.
Operating Expense Allowance means the actual Operating Expense for Operating Year 1997, adjusted as set forth above.
Operating Expense Allowance. Sublessee shall receive a 1999 calendar base year allowance per rentable square foot. Sublessee percentage shall be 9.264% as reflected in the amendment No. 4 to office building lease.