Annual Operating Expenses. Tenant’s Share of Annual Operating Expenses applicable to the Premises shall continue to be paid by Tenant, in addition to the Minimum Annual Rent, subject to adjustment and reconciliation and in accordance with the terms and conditions of the Lease. For the calendar year 2018, Landlord projects Annual Operating Expenses for the Premises to be $4.85 per rentable square foot.
Annual Operating Expenses. (As a percentage of average net assets) Management Fee (after waiver) (2)............................................................................... 0.00% 12b-1 Fee (3)................................................................................................... 0.00% Total Other Expenses (after expense reimbursement).............................................................. 0.75% Shareholder Services Fee......................................................................... 0.25% Total Operating Expenses (4)........................................................................... 0.75%
Annual Operating Expenses. Tenant shall continue to pay Annual Operating Expenses and monthly installments on account of estimated Annual Operating Expenses based on Tenant’s Share, which shall be subject to reconciliation and adjustment as provided in Section 6 of the Lease (currently estimated to be $2,591.85 per month).
Annual Operating Expenses. Lessee shall pay for its "Pro Rata Share" (as defined below of all real estate taxes and assessments, including but not limited to, the West Xxxxxxx Business Improvement District (BID) assessments, with respect to the Building and Property in which the Leased Premises is located. Lessee shall also pay its Pro Rata Share of the Annual Operating Expenses (including, but not limited to, maintenance and repairs for the Building, including painting; interior and exterior repairs; roof repairs but not roof replacement; building maintenance; service contracts; insurance; utilities, including water and sewer not separately metered to the Leased Premises; Lessor's building insurance costs; provided, however, that, because Lessee is to provide its own janitorial and cleaning services, the costs of janitorial and cleaning services provided to tenants shall be deducted from "Annual Operating Expenses" before calculating Lessee's Pro Rate Share thereof; and administrative expenses not to exceed 9% of the total Annual Operating Expenses) as budgeted by Lessor for the Building in which the Leased Premises is located. Lessee's payment of said real estate taxes, assessments and expenses shall be paid the first (1st) day of each month in addition to Lessee's payment of rent. Lessee shall pay to Lessor its Pro Rata Share of 1/12th of such expenses, taxes and assessments. Prior to the commencement of each year of the Lease, Lessor shall notify Lessee of each such year's budgeted amount for expenses and Lessee shall increase or decrease its monthly payment to equal 1/12th of such amount. The failure of Lessor to so notify Lessee shall not relieve Lessee of its obligations to pay any increased expenses upon receipt of such notice. Lessor's annual expense budget shall be based on the prior calendar year's actual expenses. At the end of each calendar year, Lessee shall pay to Lessor any deficiency between the actual and budgeted expenses for such year and Lessee shall receive a credit towards the following year's expenses for any surplus.
Annual Operating Expenses. Tenant shall continue to pay Annual Operating Expenses, which shall be subject to reconciliation and adjustment as provided in Section 6 of the Lease, based on Tenant’s Share. As provided in the Lease, Tenant shall pay for all utilities supplied to or consumed in or on the Premises, including not but limited to electricity. For the year 2015, Annual Operating Expenses (net of electric) are estimated to be $5.50 per rentable square foot, which includes full service tenant services for interior and exterior, as well as preventative maintenance for all exhaust, heating and cooling equipment (the “Equipment”) in the Premises. In the event that the Equipment must be replaced by Landlord during the Term of the Lease, the cost (including reasonable finance charges) of such replacement shall be amortized over the estimated useful life of such Equipment and passed through to Tenant on a yearly basis as part of Tenant’s Operating Expenses.
Annual Operating Expenses. Tenant shall pay Annual Operating Expenses and monthly installments on account of estimated Annual Operating Expenses for the entire Premises (including the Additional Premises) based on Tenant’s Share, as amended pursuant to Section 1 of this Amendment, which shall be subject to reconciliation and adjustment as provided in Section 6 of the Lease. With respect to the Additional Premises only, Annual Operating Expenses for the Additional Premises for 2014 are estimated to be $22,283.08, payable in equal monthly installments of $1,856.92.
Annual Operating Expenses. 2.1 To ensure the smooth functioning of the Representation, the Government agrees to provide, in addition to its assessed contribution to FAO, an annual counterpart cash contribution of USD xxx 000 or equivalent in local currency calculated at the current UN rate of exchange, to offset the cost of office supplies, general operating expenses (communication, water, electricity) and provisions for the amortization and replacement of office equipment and vehicles over a five year period. This contribution will be revised periodically, in mutual agreement, to reflect changes in the cost of living.
Annual Operating Expenses. Thirty (30) days prior to end of the calendar year, Borrower shall submit to Lender, for Lender’s approval, a proposed operating budget for the Project, for the following calendar year. The proposed operating budget shall include scheduled payments to be made into operating and reserve accounts. If the amount of the proposed budget for the following calendar year does not exceed the budget for the prior calendar year by greater than five percent (5%) (or any one line item has not increased by greater than ten percent (10%)), the proposed budget shall be approved by Lender. Only Operating Expenses incurred by Borrower which do not exceed one hundred twenty percent (120%) of the amount approved by Lender in the approved operating budget may be used in the calculation of Residual Receipts without Lender’s prior written consent.
Annual Operating Expenses. The line items for Operating Expenses to be charged to the Project shall be consistent with those that are listed in the Operating Expenses definition of this City Loan Agreement. Any monthly or annual set asides for the Reserve Fund deposits shall not be part of Operating Expenses.
Annual Operating Expenses. Base Year 2001.
