Operating Year definition

Operating Year means a calendar year in which occurs any part of the Term of this Lease.

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Operating Year means the calendar year commencing January 1st of each year (including the calendar year within which the Commencement Date occurs) during the Term.

Operating Year means each calendar year, or such other period of twelve (12) months as hereafter may be adopted by Landlord as its fiscal year, occurring either in whole or in part during the Term.

Examples of Operating Year in a sentence

So much of Landlord’s books and records pertaining to the Operating Expenses for the specific matters questioned by Tenant for the Operating Year included in Landlord’s statement shall be made available to Tenant and its qualified representative within a reasonable time after Landlord timely receives the notice from Tenant to make such examination pursuant to this Section, during normal business hours at the offices in New York, New York where Landlord keeps such books and records.
By way of example, (i) if CPI has increased by 10%, in the aggregate, since the Base Operating Year, and (ii) the new category costs are $5,000 per annum in such first Operating Year, then the Operating Expenses for the Base Operating Year shall be increased by $4,500 per annum on account of such new category.
Tenant shall have the right to make such examination no more than once in respect of any Operating Year in which Landlord has given Tenant a statement of the Operating Expenses (except with respect to any corrected statement rendered by Landlord as set forth above).
Any request for examination in respect of any Operating Year may be made by notice from Tenant to Landlord no more than one hundred eighty (180) after the date (the “Operating Expense Statement Date”) Landlord provides Tenant a statement of the actual amount of the Operating Expenses in respect of such Operating Year and only if Tenant shall have fully paid such amount.
Landlord shall endeavor to provide L▇▇▇▇▇▇▇’s Estimate to Tenant not later than thirty (30) days before the commencement of any Operating Year (or portion thereof) occurring after the Base Operating Year.

More Definitions of Operating Year

Operating Year. As defined in Section 9.1.

Operating Year means a calendar year in which occurs any part of the term of this Lease.

Operating Year means a calendar year commencing January 1 and ending December 31.

Operating Year means a period of twelve (12) consecutive calendar months, commencing on the first day of January in each year, except that the first Operating Year of the Lease Term hereof shall be the period commencing on the Commencement Date and ending on the succeeding December 31, and the last Operating Year of the Lease Term hereof shall be the period commencing on January 1 of the calendar year in which the Lease Term ends, and ending with the date on which the Lease Term ends.

Operating Year means each successive period, the first such period commencing on the date on which the operations period commences and ending three hundred and sixty-five (365) days later, and each subsequent period commencing on the expiration of the previous period and ending at the end of the duration mentioned above.

Operating Year means the calendar year within which the Commencement Date occurs and each subsequent calendar year for any part or all of which Escalation Rent shall be payable pursuant to this Article 27.

Operating Year shall have the meaning set forth in Section 27.1 hereof.