Operating Expense Base definition

Operating Expense Base means Operating Expenses for the Base Operational Year;

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Operating Expense Base. With respect to each Calendar Year the amount determined by multiplying the Rentable Area of the Premises by the amount hereinbefore set forth as the Operating Expense Base per square foot of Rentable Area per year, but with respect to the First Calendar Year and the Last Calendar Year, the Adjusted Operating Expense Base.

Operating Expense Base. The quotient obtained by dividing (i) $1,162,899.00, by (ii) the Building Rentable Area. Operating Expense Commencement Date: January 1, 1998.

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.

• If either such estimate exceeds the respective Real Estate Tax Base or Operating Expense Base (as defined above), Tenant shall pay, as Additional Rental, along with its monthly Minimum Rental payments required hereunder, one-twelfth (1/12) of such excess estimated Operating Expenses and/or Real Estate Taxes and such Additional Rental shall be payable until subsequently adjusted for the following year pursuant to this Article.

• 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.

• Landlord has furnished to Tenant a schedule of Operating Expenses for said Operating Expense Base Year, which has been adjusted for 100% occupancy of the Building and is annexed hereto as Exhibit “B”.

More Definitions of Operating Expense Base

Operating Expense Base. For each square foot of Building Rentable Area, the sum of Landlord's Operating Expenses for calendar year 1998, divided by the Building Rentable Area.

Operating Expense Base means the Operating Expenses for the Calendar year 1997.

Operating Expense Base means the allowance for Operating Expenses that Landlord will credit to Tenant's Share of Operating Expenses under Article VII, which allowance amount is set forth under Item 19 of the Basic Lease Provisions.

Operating Expense Base. YEAR: Operating Costs incurred in calendar year 2000 REAL ESTATE TAX BASE YEAR: Real estate taxes incurred in fiscal year ending June 30, 2000 ANNUAL-ESTIMATED ELECTRICAL COST TO TENANTS SPACE (included in Annual Rent): $7,403 : $1.00 (p.r.s.f.)

Operating Expense Base means the dollar amount per square foot of the Rentable Area as set forth on the Lease Summary.

Operating Expense Base. $ N/A per rentable square foot of Premises per annum. * INCLUDED IN RENTAL RATE

Operating Expense Base. $1996 Base Year per square foot of Rentable Area of the Building per annum.