Definition of Base Year Sample Clauses

Definition of Base Year. The definition of the term “Base Year” set forth in Section 1.9 of the Consolidated Lease is hereby deleted in its entirety and replaced with the following:
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Definition of Base Year. Anything contained in the Lease to the contrary notwithstanding, Tenant's Prorata Share of Taxes and Operating Expenses, the Base Tax Year and the Base Expense Year for the Additional Premises, Tenant's Base Year for the period 6/1/97-12/31/98 shall mean calendar year 1994; for the period 1/1/99-12/31/01 shall mean calendar year 1998.
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Definition of Base Year. Anything contained in the Lease to the contrary notwithstanding, solely for purposes of calculating Rent Adjustments for the Second Additional Premises, Tenant’s Base Year shall mean calendar year 1999.
Sample 1
Definition of Base Year. For the purpose of ascertaining the amount of increase in operating expenses in any subsequent year, the term "base year" shall mean the calendar year of 1997. In the event the Project has not been in full operation during the entire base year, the operating expenses incurred during the months of operating within the base year shall be annualized as to arrive at an equivalent total annual operating expense amount for said base year and that annualized amount shall be used for the purposes of ascertaining future increases in operating expenses during subsequent calendar years.
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Related to Definition of Base Year

  • Definition of Rent All costs and expenses which Tenant assumes or agrees to pay to Landlord under this Lease shall be deemed additional rent (which, together with the Base Rent is sometimes referred to as the "Rent"). The Rent shall be paid to the Building manager (or other person) and at such place, as Landlord may from time to time designate in writing, without any prior demand therefor and without deduction or offset, in lawful money of the United States of America.

  • Definition of Operating Expenses (a) Subject to the exclusions and provisions hereinafter contained, the term "

  • Definition of Overtime All time worked in excess of forty (40) hours during any one (1) week shall be considered overtime. All overtime must be properly authorized by the Employer.

  • Definition of the Term Business Day". For purposes of this Agreement, "Business Day" means any day on which the New York Stock Exchange, Inc. is open for trading.

  • Definition of Overpayments For purposes of this CIA, an “Overpayment” shall mean the amount of money KDMC has received in excess of the amount due and payable under any Federal health care program requirements.

  • Common Areas - Definition The term "Common Areas" is defined as all areas and facilities outside the Premises and within the exterior boundary line of the Industrial Center and interior utility raceways within the Premises that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor, Lessee and other lessees of the Industrial Center and their respective employees, suppliers, shippers, customers, contractors and invitees, including parking areas, loading and unloading areas, trash areas, roadways, sidewalks, walkways, parkways, driveways and landscaped areas.

  • Defined Term For purposes of this Section 2.14, the term “applicable law” includes FATCA.

  • Definitions and Basic Provisions The following definitions and basic provisions shall be used in conjunction with and limited by the reference thereto in the provisions of this lease:

  • Automatic Renewal Limitation for TIPS Sales No TIPS Sale may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an “Automatic Renewal” clause that conflicts with these terms is rendered void and unenforceable.

  • Definition of Change in Control For purposes of the Agreement, a “Change in Control” shall mean the occurrence of any one of the following events:

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