Operating Expenses Base definition

Operating Expenses Base means the calendar year 2001 (the “Operating Expense Base Year”). In the event the Building is less than ninety-five (95%) percent occupied during the Operating Expense Base Year, the Operating Expense Base shall mean the amount obtained by adjusting the applicable Operating Expenses for such period to a 95% Building occupancy level, such adjustment to be made by adding to the actual Operating Expenses during such period such additional amounts as would have been incurred if the Building had been 95% occupied.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Operating Expenses Base. Year 2000 per Rentable Square Foot. See Rider to Lease, Paragraph 6.

Operating Expenses Base. The actual Operating Expenses for the 12 month period commencing on the Commencement Date, adjusted pursuant to Section 5(c) below to reflect occupancy of 100% of the Rentable Area of the Building.

Examples of Operating Expenses Base in a sentence

In no event shall a decrease in Real Estate Taxes, Utilities, or Operating Expenses below the Base Operating Expenses, Base Utilities, or Base Real Estate Taxes ever decrease the monthly Base Rent or give rise to a credit in favor of Tenant.
Rent Adjustments due from Tenant to Landlord for any Adjustment Year shall be Tenant's Share of Operating Expenses for such year in excess of Operating Expenses for the Operating Expenses Base Year and Tenant's Share of Taxes for such year in excess of Taxes for the Taxes Base Year.
The Operating Expenses and the Operating Expenses Base shall be pro-rated for any partial calendar year within the Term hereof.
Rent Adjustments due from Tenant to Landlord for any Adjustment Year shall be Tenant’s Share of Operating Expenses for such year in excess of Operating Expenses for the Operating Expenses Base Year, and Tenant’s Share of Taxes for such year in excess of Taxes for the Taxes Base Year.
Notwithstanding any provision of this Article Four to the contrary, as a concession to Tenant, Landlord agrees to waive collection from Tenant of any Rent Adjustment or Rent Adjustment Deposits for the year 2000, but Rent Adjustments and Rent Adjustment Deposits for the Adjustment Year 2001 and thereafter shall be payable based upon the Operating Expenses Base Year and Taxes Base Year.
Calendar year 2013 shall be the Operating Expenses Base Year and the Real Estate Taxes Base Year.
Subtenant shall pay Sublandlord on the first day of each month, in advance, as Additional Rent, an amount equal to 1/12th of the amount, if any, by which the Estimated Expenses for the then current calendar year exceed the Operating Expenses for the Operating Expenses Base Year.
Subject to § 4.7 below, in no event shall a decrease in Real Estate Taxes, Utilities, or Operating Expenses below the Base Operating Expenses, Base Utilities, or Base Real Estate Taxes ever decrease the monthly Base Rent or give rise to a credit in favor of Tenant.
If the Building Operating Expenses (as hereinafter defined) paid or incurred by Landlord for any calendar year or portion thereof within the term of this Lease exceed the Building Operating Expenses Base, Tenant shall pay Landlord as additional rent, in addition to the other sums Tenant is required to pay Landlord under this Lease, Tenant's Building Percentage of such excess, pursuant to this subparagraph b.
Notwithstanding anything to the contrary contained in this subparagraph b, Tenant shall be entitled to no credit, refund or reduction in rent if actual Building Operating Expenses are less than the Building Operating Expenses Base.

More Definitions of Operating Expenses Base

Operating Expenses Base. PERIOD: The period commencing on January 1, 2009 and ending on December 31, 2009. TENANT'S SHARE: 2.645% PERMITTED USE: Executive and general offices. SECURITY DEPOSIT: $1,324,000.00 LEASE TERM: The term of this Lease shall be a period of ten (10) years and two (2) months (unless terminated earlier pursuant to this Lease or applicable law), commencing and expiring as set forth in Section 2.2.

Operating Expenses Base. Tenant is responsible for to pay its pro rata share of increases in the operating expenses and real estate taxes over the Base Year, which shall be defined as calendar tax year 1997. Tenant shall be exempt from any increases in real estate taxes associated with the sale or transfer of the Building during the initial Term.

Operating Expenses Base means Tenant's prorata share of Operating Expenses over the Base Year; which amount shall be adjusted proportionately in the event that the Operating Payment calculation does not include Operating Expenses for a full calendar year.

Operating Expenses Base. The amount of Operating Expenses (as defined in Section 29.11 below) attributed to the 2007 calendar year.

Operating Expenses Base. YEAR: The calendar year 1999