Base years definition

Base years means the first two complete calendar years
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Base years means the first two complete calendar years following the effective date of an agreement.
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Base years means the first 2 complete calendar years following the effective date of a recipient receiving development assistance.
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Examples of Base years in a sentence

  • Although this Lease contemplates the computation of Taxes and Operating Expenses on a cash basis, Landlord shall make reasonable and appropriate accrual adjustments to ensure that each calendar year, including the Base Years, includes substantially the same recurring items.

  • In addition, all accounting and related costs incurred by Landlord in calculating new Base Years for tenants and in making all other adjustments shall be an Operating Expense.

  • Any termination will end grants under the Plan for future Base Years.

  • In addition, if Landlord proceeds in accordance with (b) above, all accounting and related costs incurred by Landlord in calculating new Base Years for tenants and in making all other adjustments shall be an Operating Expense.

  • All costs incurred by Landlord in obtaining and/or processing the Real Property Tax reductions (e.g., consulting fees, accounting fees, costs of recalculating Base Years and Comparison Years etc.) may be included in Operating Expenses or deducted from the Reduction.

  • The Base Years for Taxes and Operating Expenses shall be the calendar year beginning January 1, 2003.

  • For subsequent renewal periods the rental reserved shall be calculated as of the beginning of the renewal term in accordance with the formula and procedures set forth in paragraph 5.2 above (except that the adjustment date shall be the first day of the renewal term) and the Base Years for Taxes and Operating Expenses shall be the Base Years ending during or at the expiration of the preceding term.

  • In order to provide a measure of liquidity to address potential income tax issues, Employee shall have a limited put right for up to all of any Base Year's First, Second and/or Third Tranche Shares issued to Employee pursuant to Section 2(d) hereof as set forth below.

  • To facilitate compliance with the limit described in this Section, all Members shall annually allocate among themselves the amount of non-xxxxxxx groundfish allocations available for directed harvest by the Vessels in direct proportion to the catch history of the Contributing Vessels in the Base Years, or during such other year(s) as all Members may agree.

  • In addition, all accounting and related costs incurred by Landlord in calculating new Base Years for tenants and in making all other adjustments shall be an operating expense.


More Definitions of Base years

Base years means the Eirst 2 complete calendar years
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Base years a) Tax Base Year: Actual Fiscal Tax Year 2000 (July 1, 1990 - June 30, 2000).
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Base years. For Expenses: Calendar Year 2016 For Taxes: Calendar Year 2016 Tenant’s Pro Rata Share: For Expenses: a fraction, the numerator of which is the Total Rentable Area of the Premises (82,758) and the denominator of which is the Total Rentable Area of the Building (257,824), which is equal to 32.10% For Taxes: a fraction, the numerator of which is the Total Rentable Area of the Premises (82,758) and the denominator of which is the Total Rentable Area of the Building (257,824), which is equal to 32.10% Allowance: Up to an amount equal to the product of (a) Seventy-Five Dollars ($75.00), multiplied by (b) the number of square feet of rentable area in the Premises (82,758), the product of which equals Six Million Two Hundred Six Thousand Eight Hundred Fifty Dollars ($6,206,850.00). Guarantor: BCSP V U.S. INVESTMENTS, L.P. guarantees Landlord’s obligation to pay the Allowance pursuant to that certain Guaranty of Lease in the form attached hereto as Exhibit N. Initial Alterations: See attached Work Letter Agreement attached hereto as Exhibit C. Permitted Use: General office purposes, including ancillary equipment support functions, customer service support, light assembly and testing and related lawful uses that are consistent with comparable quality office buildings located in the Tysons, Virginia submarket in close proximity to a xxxxx xxxxxxx (the “Market Area”). Broker: Landlord’s Broker: Xxxxxxx Xxxxxx Tenant’s Broker: DTZ Americas, Inc., an Illinois corporation Security Deposit: None. Landlord’s Service Partner: CT Corporation System 0000 Xxx Xxxx, Suite 301 Glen Allen, VA 23060 Guarantor of Tenant’s Obligations under this Lease: None.
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Base years shall have the meaning in Section 18.1.1 (a).
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Base years means the base years in effect from time to time for the calculation of Tenant’s Tax Payment and Tenant’s Expense Payment for each portion of the Premises (and initially means the Base Tax Year and the Base Expense Year). “Building Holidays” means New Year’s Day, President’s Day, Good Friday, Memorial Day, Independence Day, Labor Day, Columbus Day, Thanksgiving Day, the day after Thanksgiving Day and Christmas Day, plus days observed as holidays by the state of New York, the city of New York and the labor unions servicing the Building as holidays. “Building Systems” means the mechanical, electrical, plumbing, sanitary, sprinkler, heating, ventilation and air conditioning, security, life-safety, elevator and other service systems or facilities of the Building up to the point of connection (if any) of localized distribution to the Premises (or other leased or leasable Premises), excluding, however, supplemental HVAC systems of tenants, sprinklers and the horizontal distribution systems within and servicing the Premises and by which mechanical, electrical, plumbing, sanitary, heating, ventilating and air conditioning, security, life-safety and other service systems are distributed from the base Building risers, feeders, panel boards, etc. for provision of such services to the Premises. “Business Days” means all days other than Saturdays, Sundays and Building Holidays. “Business Hours” means 8 a.m. to 6 p.m. on Business Days. “Code” means the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, as amended. DocuSign Envelope ID: 9A9C9B12-A895-460A-B922-02EA96CBF419888 F039-07D3 96C 95C7 5 F6CAE9878F
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Related to Base years

  • Base Year means the period set forth in Section 5 of the Summary.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Base Rent As defined in Section 3.1.

  • Preceding year means a period of 12 consecutive months fixed by the division

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Base Rental means the sum of Seven Hundred Nineteen Thousand Two Hundred Sixty-Eight and NO/100 Dollars ($719,268.00), payable by Tenant to Landlord in sixty (60) monthly installments as follows:

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Operating Year means the calendar year commencing January 1st of each year (including the calendar year within which the Commencement Date occurs) during the Term.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.