Tenant Base Amount definition

Tenant Base Amount means, with respect to each billing month, the sum of the results of the Standard Base Rate with respect to each Utility Service for such billing month multiplied by the number of units of such Utility Service consumed or deemed to be consumed by Tenant during such billing month.
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Examples of Tenant Base Amount in a sentence

  • For each billing month, the Utility Services Charges shall be equal to the Tenant Base Amount for such billing month, the Overhead Charge for such billing month and the Sanitary Sewer Charges for such billing month.

Related to Tenant Base Amount

  • Tenant’s Percentage Share means the percentage specified in the Basic Lease Information.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Tenant’s Percentage means a percentage, the numerator of which is the number of rentable square feet of the Premises and the denominator of which is the total number of rentable square feet of the Building, whether or not such space is actually rented (currently estimated at 96,211 rsf). Tenant acknowledges that, to the extent Operating Expenses do not apply to the Building exclusively, Landlord will allocate Operating Expenses of the Project to the Building based on Landlord's determination of a fair allocation of costs among the buildings at the Project on a basis consistently applied. Landlord shall not change its basis of Project Operating Costs allocation in a manner that would materially increase the percentage of Project Operating Expenses allocated to the Building, provided that this sentence applies only to Landlord's allocation method, and does not apply to changes in the results of application of Landlord's allocation methods over time. The Tenant's Percentage (as specified in the Basic Lease Information, and adjusted as provided herein) may be changed from time to time to reflect any change in the total rentable square footage in the Building. All calculations of rentable area shall be on the basis as originally used to determine the rentable area shown in the Basic Lease Information. During the periods when the Building is not fully occupied, Landlord shall reasonably adjust Operating Expenses to reflect the costs that would normally have been incurred had the Building been fully occupied for the entire period and the Building had been fully assessed for property tax purposes. The Building shall be considered fully occupied when occupancy reached ninety-five percent (95%). If during any Operating Year the tenant of any space in the Building performs work or services thereon pursuant to a written agreement between Landlord and such tenant in lieu of having Landlord perform the same and the cost thereof would have been included in Landlord's Operating Expenses, then in any such event(s), at Landlord's option, the Operating Expenses for such Operating Year shall be adjusted to reflect the Operating Expenses that would have been incurred if Landlord had performed such work or services, as the case may be. If the total rentable area of the Building changes, Landlord shall reasonably determine a revised Tenant's Percentage reflecting the changes as of the date of such change.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Operating Cost means the total cost and expense incurred in operating, managing, insuring, equipping, lighting, repairing, maintaining and policing the Real Property, including the exterior of the Real Property and the common areas, and specifically including, without limitation, items of expense for or related to: insurance premiums and deductibles, management, bookkeeping.