Expense Stop definition

Expense Stop means that portion of the Operating Expenses, expressed in terms of dollars per square foot of Net Rentable Area per Fiscal Year, which will be deducted from the computation of Additional Rent. Unless changed by mutual agreement of the parties, the "Expense Stop" shall be equal to the actual operating expenses per rentable square foot for the 1997 calendar year.

Expense Stop means the amount (per square foot of Rentable Area of the Premises) Landlord herewith agrees to expend as its share of Operating Expense (which shall be a credit for Tenant to apply to offset Operating Expenses charged to the Premises), not to exceed the total amount of Operating Expenses for calendar year 2007 (the “Base Year”) (per square foot of Rentable Area in the Building); provided, however, that if occupancy of the Building during the Base Year is less than ninety-five percent (95%), Operating Expenses for the Base Year shall be “grossed up” to that amount of Operating Expenses that, using reasonable projections, would normally be expected to be incurred if the Building were ninety-five percent (95%) occupied during the Base Year. With respect to Real Property Taxes included in Operating Expenses for the Base Year, such amount shall be determined under the assumption that the Building is fully assessed as a completed and occupied unit.

Expense Stop means the “Operating Expenses” (as defined in Paragraph 5.1.2) allocable to the Premises that are actually incurred in4.

Examples of Expense Stop in a sentence

• During each calendar year or partial calendar year of the Term (after the base year, if the Expense Stop is calculated on a base year basis), Tenant shall pay to Landlord, in advance concurrently with each monthly installment of Basic Rent, an amount equal to the estimated Additional Rent for such calendar year or part thereof divided by the number of months therein.

• The Basic Cost (other than the first year in which the Building is occupied) and Expense Stop shall be prorated for any portion of the Term which is less than a full calendar year.

• Tenant shall pay the Excess in the Basic Cost over the Expense Stop as such terms are defined in Exhibit C.

• Tenant acknowledges that the Premises Electrical Expense Stop is seventy cents ($0.70) per square foot of Net Rentable Area is a component of the Basic Costs Expense Stop and that Tenant is obligated to pay electrical expenses exceeding the Premises Electrical Expense Stop pursuant to Paragraph 14 of the Lease.

• In no event will Tenant be entitled to receive the benefit of a reduction in Operating Costs below the Expense Stop.

More Definitions of Expense Stop

Expense Stop. Tenant’s Proportionate Share of actual 2014 (“Base Year”) expenses. Landlord’s Address for Payment of Rent: DTR14, LLC 17000 X. Xxxxxxxxx Xxxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxx 00000 Attn: Accounting Department Standard HVAC Hours: Between 7:00 a.m. and 6:00 p.m., Monday through Friday, and between 8:00 a.m. and 12:00 p.m. on Saturday, excluding legal holidays in the State of Arizona. Landlord's Address DTR14, LLC For Notices: 17000 X. Xxxxxxxxx Xxxxx, Xxxxx 000 Xxxxxxxxxx, Xxxxxxx 00000 Attn: Gaxx X. Xxxxxxx, Esq. Fax: (400) 000-0000 With copy of any Default Notice to:

Expense Stop means the Operating Expenses for 2014.

Expense Stop. Tenant's proportionate share of Landlord's Operating Expenses during the first (1st) lease year as Expense Stop, grossed-up pursuant to Section 6.2. and adjusted for extraordinary items.

Expense Stop means an amount equal to the Operating Costs for the calendar year ending December 31, 2017 divided by the Rentable Square Footage of the Building.”

Expense Stop means for the purposes of this Lease, the Expense Stop for Operating Expenses is agreed to be $5.69 per rentable square foot.

Expense Stop. The sum of the Operating Expenses and Taxes (as defined in this Lease) per square foot of Rentable Area of the Real Property for the calendar year 2001.

Expense Stop means $7.00 per rentable square foot in the Premises (to be increased by 3% each year during the Term commencing January 1, 2008).