Examples of Operating Expense Base in a sentence
The amount determined by multiplying the Operating Expense Base by the Adjustment Factor.
The Operating Expense Base for the Expansion Space shall mean the amount of Operating Expenses for the calendar year 2015.
However, all potentially optimal feasible and reasonable sound barrier horizontal alignments should be evaluated as part of Design Noise Reports.• Sound barriers should be modeled as equally spaced segments of logical lengths of 120-feet or less (60-foot foot segments are optimal to coincide with multiples of 10-foot, 12-foot, and 15-foot constructed panel lengths).
If the actual Real Estate Taxes or Operating Expenses per square foot times the rentable square feet contained within the Premises are less than the Real Estate Tax Base or Operating Expense Base, respectively, Tenant shall not be entitled to any refund or credit.
Under no circumstances shall Tenant be entitled to any refund of or credit against Operating Expenses for any Expense Increase Year should Operating Expenses ever be less than the Operating Expense Base.