Variable Operating Expenses definition

Variable Operating Expenses means those Operating Expenses which vary by occupancy including, without limitation, electricity, trash removal and other Utilities (as defined in Section 11).

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Variable Operating Expenses means a. all purchases (less discounts received);

Variable Operating Expenses means those Operating Expenses which vary with occupancy levels or which vary with areas serviced based upon occupied Rentable Area or which are paid directly by tenants of the Building. Landlord may equitably make adjustments to Operating Expenses to account for such Variable Operating Expenses.

Examples of Variable Operating Expenses in a sentence

• Commencing January 1, 2006, Tenant shall pay to Landlord as Additional Rent an amount equal to Tenant’s Prorata Share of the amount by which the amounts paid or incurred by Landlord for Operating Expenses in any calendar year after the Base Year exceed the amounts paid or incurred by Landlord for Operating Expenses during the Base Year, with appropriate and equitable adjustment for Variable Operating Expenses in the Base Year and each subsequent year (the “Increased Operating Expenses”).

• If the amount of the Operating Expenses or Variable Operating Expenses for the Sublease Base Year is adjusted, the adjusted amount shall be used for computing Subtenant’s liability under this Section 3.2 with respect to all periods after such reduction and for recomputing Subtenant’s liability with respect to all periods prior to such reduction.

• Tenant shall during the Lease Term pay as Additional Rent an amount equal to the excess (the "Excess") from time to time the (i) sum ("Tenant's Total Operating Costs") of (a) total annual Standard Operating Costs per square foot of Tenant's Rentable Square Feet as grossed up, if applicable, plus (b) the Variable Operating Expenses per square foot of Tenant's Adjusted Rentable square feet, as grossed up, if applicable, over and above (ii) the Expense Stop.

• Landlord shall be required to maintain records of all Standard Operating Costs and Variable Operating Expenses for three (3) years following the issuance of the Operating Cost statement for such Standard Operating Costs and Variable Operating Expenses.

• Examples of Variable Operating Expenses include, without limitation, janitorial services, electricity for overhead lighting and HVAC costs.

More Definitions of Variable Operating Expenses

Variable Operating Expenses means a. all purchases (less discounts received); b. packing materials; c. delivery and freight (other than by own vehicles); d. “ordinary payroll”.

Variable Operating Expenses means those Operating Expenses which vary with occupancy levels or which vary with areas serviced based upon occupied Rentable Area. Landlord agrees that Tenant, if it is paying any utilities directly or performing its own janitorial services (including light bulb replacement), shall be responsible for its Prorata Share of such utilities and services (including light bulbs) only for the common areas of the Building Complex.

Variable Operating Expenses means those expenses that vary with occupancy of the Building or the Project such as the cost of providing janitorial services and utility charges. LOTS 1 AND 2 IN PLAZA TOWERS SUBDIVISION, BEING A RESUBDIVISION OF LOT 6 IN ▇▇▇▇▇▇▇▇’▇ ▇▇▇▇▇▇▇▇▇ PARK, A SUBDIVISION OF PART OF THE NORTHWEST 1/4 OF SECTION 13, TOWNSHIP 41 NORTH, RANGE 10, EAST OF THE THIRD PRINCIPAL MERIDIAN, (EXCEPTING THEREFROM THAT PART OF LOT 2 AFORESAID CONVEYED TO THE VILLAGE OF SCHAUMBURG BY WARRANTY DEED DATED JUNE 28, 2002 AND RECORDED JULY 25, 2002 AS DOCUMENT NUMBER 0020814884 DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF LOT 2 AFORESAID; THENCE ON AN ASSUMED BEARING OF SOUTH 89 DEGREES 34 MINUTES 01 SECONDS EAST ALONG THE NORTH LINE OF LOT 2 AFORESAID, 35.00 FEET; THENCE SOUTH 35 DEGREES 25 MINUTES 31 SECONDS WEST, 61.03 FEET TO THE WEST LINE OF LOT 2 AFORESAID; THENCE NORTH 00 DEGREES 25 MINUTES 59 SECONDS EAST, 50.00 FEET TO THE POINT OF BEGINNING) IN ▇▇▇▇ COUNTY, ILLINOIS. THIS COMMENCEMENT DATE MEMORANDUM FOR PHASE (this “Memorandum”) is made and entered into as of , by and between RPAI Schaumburg American Lane, L.L.C., a Delaware limited liability company (“Landlord”), and Paylocity Corporation, an Illinois corporation (“Tenant”).

Variable Operating Expenses means the total variable operating expenses calculated in a manner consistent with the schedule of Consolidated Operating Results Forecast (Direct Marketing) attached as Exhibit A to the Ninth Amendment to the Credit Agreement.

Variable Operating Expenses means any Operating Expense that varies with the level of occupancy of the Building (e.g. tenant utilities and tenant cleaning services, but the parties expressly agree that real estate taxes for the entire Project and janitorial and HVAC service to all unleased portions of the Building shall not be included in Variable Operating Expenses). In the event that Landlord excludes from “Operating Expenses” any specific costs billed to or otherwise incurred for the particular benefit of specific tenants of the Building, or to other buildings or projects within Perimeter Summit, Landlord shall have the right to increase “Operating Expenses” by an amount equal to the cost of providing standard services similar to the services for which such excluded specific costs were billed or incurred. In no event shall Landlord receive from all tenants of the Building more than one hundred percent (100%) of any Operating Expenses.

Variable Operating Expenses means those Operating Expenses which vary with occupancy levels or which vary with areas serviced based upon occupied Rentable Area or which are paid directly by tenants of the Building. If less than 100% of the total rentable square feet in the Building is occupied at any time during any calendar year, or if any office tenant is separately paying for electricity or other utility services or janitorial services furnished to its premises, then Operating Expenses for such calendar year shall be deemed to include all additional expenses with respect to those Variable Operating Expenses, as reasonably estimated by Landlord, which would have been incurred during such calendar year if the occupancy rate for the Building had been 100% and if Landlord paid for electricity, other utility services and janitorial services furnished to such premises.

Variable Operating Expenses means any Operating Expense that is variable with the level of occupancy of the Building (e.g. tenant utilities and tenant cleaning services). In the event that Landlord excludes from Operating Expenses any specific costs billed to or otherwise incurred for the particular benefit of specific tenants of the Building or to other buildings or projects within Live Oak Center, Landlord shall have the right to increase Operating Expenses by an amount equal to the cost of providing standard services similar to the services for which such excluded specific costs were billed or incurred. In no event shall Landlord receive from all tenants of the Building more than one hundred percent (100%) of any Operating Expenses.