Base Year for Operating Expenses. With respect to calculating Tenant’s Proportionate Share of Operating Expenses, the term “Base Year” shall mean the twelve-month period beginning on January 1, 2014 and ending on December 31, 2014.
Base Year for Operating Expenses. The Base Year for calculation of Operating Expenses shall be Calendar Year 1997.
Base Year for Operating Expenses. Effective as of the Relocation Date and only as it relates to the period from and after such date, the term “Base Year” as defined in Section 6 of the Addendum Number Two shall be the calendar year 2016.
Base Year for Operating Expenses. Effective as of the Expansion Date and only as it relates to the period from and after such date, the term “Base Year” as defined in Section 6 of the Addendum Number Two, as amended, as it applies to the Expansion Premises only shall be the calendar year 2017. For the avoidance of doubt, the term “Base Year” as it applies to the Existing Premises only shall continue to be the calendar year 2016, as set forth in Section 5(b) of the First Amendment.
Base Year for Operating Expenses. For purposes of calculating Tenant's -------------------------------- Share of Excess Operating Expenses, a Base Year of 1996 will be used for the Initial Leased Premises and a Base Year of 1997 will be used for the Expansion Space.
Base Year for Operating Expenses. Base Year for Real Estate Taxes: Calendar year 2019 (See Paragraph 3) Fiscal tax year 2019 (See Paragraph 3)
Base Year for Operating Expenses. Calendar year 2019 (See Paragraph 3)
Base Year for Operating Expenses. Paragraph 6(d)(i)B of the Third Amendment is hereby amended so that the Base Expense Year for Operating Expenses for the 11th Floor Expansion Premises shall be 2006. Notwithstanding the foregoing, there shall be no Operating Expense pass throughs for the 11th Floor Expansion Premises before November 1, 2007.
Base Year for Operating Expenses. The base year for operating expenses -------------------------------- shall be the 1998 calendar year.
Base Year for Operating Expenses. Effective as of the Effective Date, (a) the Base Year will be calendar year 2011 with respect to Operating Expenses during calendar year 2011; and (b) the Base Year will be calendar year 2012 with respect to Operating Expenses during and after calendar year 2012. Anything in the Lease to the contrary notwithstanding, if the Project is not fully assessed for real estate tax purposes during the applicable Base Year as a result of a temporary reduction in assessed value pursuant to Proposition 8, as adopted by the voters of the State of California and as amended from time to time (“Temporary Reduction”), and Real Property Taxes and Assessments increase in any subsequent years as a result of the partial or complete elimination of the Temporary Reduction during the Base Year, then any increases in Tenant's Proportionate Share of Operating Expenses, to the extent that such increases are due solely to the partial or complete reduction of the Temporary Reduction, shall be limited to 4% per annum, on a cumulative basis; provided, however, that the foregoing limitations in connection with any Temporary Reduction will not, in any way whatsoever, either limit or affect (i) the statutory 2% per annum increase in Real Property Taxes and Assessments (as such statutory increase may be modified by subsequent legislation), or (ii) increases in Real Property Taxes and Assessments pursuant to the terms of Proposition 13, as adopted by the voters of the State of California and as amended from time to time (whether due to a reassessment of the Project based on a change of ownership or other triggering event thereunder); and provided further, however, that (i) any costs and expenses incurred by Landlord in securing any Temporary Reduction shall not be deducted from Real Property Taxes and Assessments for the Base Year, and (ii) refunds of Real Property Taxes and Assessments under Proposition 8 shall not be deducted from Real Property Taxes and Assessments for the Base Year, but shall be the sole property of Landlord.
