Calculation of Operating Costs Sample Clauses

Calculation of Operating Costs. On or before December 15 of each Lease Year, Landlord shall provide Tenant with Landlord’s estimate of Tenant’s Share of estimated Operating Costs for the following Lease Year. Beginning on the January 1 of each Lease Year the amount of Tenant’s Share of estimated Operating Costs shall be adjusted to the amount set forth in Landlord’s notice. As promptly as practicable after the end of each Lease Year, Landlord shall compute the actual Operating Costs for the previous Lease Year. If Tenant’s Share of the actual Operating Costs is greater than the amount Tenant paid to Landlord as Tenant’s Share of the estimated Operating Costs for the previous Lease Year, Tenant shall, within fifteen (15) days after receipt of notice of Tenant’s Share of actual Operating Costs, pay to Landlord as Additional Rent an amount equal to the difference between Tenant’s Share of actual Operating Costs and Tenant’s Share of estimated Operating Costs. If Tenant’s Share of the actual Operating Costs for any Lease Year is less than the amount Tenant paid to Landlord as Tenant’s Share of estimated Operating Costs for such Lease Year, such excess amount shall be applied against the installment of Additional Rent next coming due until the same has been fully applied.
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Calculation of Operating Costs. If a provision of this Agreement requires that a payment be made based on specified “Operating Costs” of the Mill Owner (“Operating Costs”), such Operating Costs shall be calculated to include the Mill Owner’s actual, documented costs in each of the categories listed on Schedule 6.8, to the extent applicable to the matter for which the Operating Costs are being calculated. To the extent either party’s Operating Costs include depreciation, such depreciation shall be determined based on such party’s depreciated actual cost without write-up for external events such as a sale of the business, merger or the like and shall be subject to change to reflect capital improvements to that party’s assets that are properly chargeable to the other party pursuant to Article 7 (to the extent that the other party has not contributed to the cost of such capital improvement as provided in Article 7).
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Calculation of Operating Costs. Operating Costs for each year including the Base Year shall be determined as if the Building had been at least 95% occupied and Landlord had been supplying services to at least 95% of the rentable square footage of the Building. The extrapolation of Operating Costs shall be performed by appropriately adjusting the cost of those components of Operating Costs that are impacted by changes in the occupancy of the Building; provided, however, such adjustment shall not result in Landlord collecting sums in excess of actual Operating Costs.
Sample 1
Calculation of Operating Costs. On or before December 15 of each Lease Year, Landlord shall provide Tenant with Landlord's estimate of Tenant's Share of Operating Costs in excess of the Initial Operating Costs for the following Lease Year (the "Estimated Operating Costs"). Beginning on the January 1 of each Lease Year the amount of Tenant's Share of Estimated Operating Costs shall be adjusted to the amount set forth in Landlord's notice. As promptly as practical after the end of each Lease Year, Landlord shall compute the actual Operating Costs for the such previous
Sample 1

Related to Calculation of Operating Costs

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

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

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • Tenant’s Share of Operating Expenses Tenant shall pay Tenant’s Share of Operating Expenses in the respective shares of the respective categories of Operating Expenses as set forth below.

  • Hours of Operation Account Processing Services will be available for use by Client during standard Fiserv business hours, excluding holidays, as specified in Exhibit A - 3. Account Processing Services may be available during additional hours, during which time Client may use Services at its option and subject to additional charges.

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Description of Accounting Services on a Continuous Basis PFPC will perform the following accounting services with respect to each Portfolio:

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Calculation Each of the foregoing ratios and financial requirements shall be calculated as of the last day of each Fiscal Quarter.

  • Ordinary Operating Expenses For purposes of this Agreement, Ordinary Operating Expenses means all expenses of the Funds other than extraordinary expenses, such as litigation, taxes and brokerage commissions.

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