Operating Expenses definition
Examples of Operating Expenses in a sentence
Notwithstanding anything herein to the contrary, in no event shall the total amount of Rent (or any portion thereof, including without any limitation Tax Expenses and Operating Expenses) payable by Tenant under this Lease increase due to such condominiumization (in comparison to the amount of Rent (or any portion thereof) which would have been payable by Tenant under this Lease if such condominiumization had not occurred).
Consequently, ▇▇▇▇▇▇’s pro rata share of Operating Expenses shall be Twenty-Seven and 45/100 Percent (27.45%) (“Additional Rent”).
As such Tenant shall not be responsible for repairs to such items to the extent would be required to make repairs or ▇▇▇▇▇▇ Ave LLC Lease Agreement – Shoulder Innovations Page 5 of 25 perform maintenance as contemplated by Section 9 and such costs shall not be chargeable to Tenant as Operating Expenses as contemplated by Section 4 c).
Tenant shall pay its pro rata share of the Operating Expenses in monthly installments on or before the first day of each calendar month, in advance, in an amount estimated by Landlord each year without any deduction or setoff whatsoever, beginning on the Rent Commencement Date of this Lease.
Operating Expenses shall not include any alterations to meet the needs of specific tenants of the Building and leasing commissions, if any.