ALLOCATION OF OPERATING COSTS Sample Clauses

ALLOCATION OF OPERATING COSTS. In determining the Operating Costs attributable to the Building, the Landlord shall have the right from time to time to reasonably allocate and re-allocate such Operating Costs which represent operating costs incurred for facilities or services shared by the Building and such other buildings as are owned or operated by the Landlord and which are not charged or allocated separately against the Building and any such other building or buildings. Any such determination made by the Landlord shall be binding upon the Tenant unless shown to be unreasonable or erroneous in some substantive respect. The Tenant shall have the right to reasonable access to the books and records of the Landlord to conduct an examination and to ascertain whether allocations of Operating Costs made by the Landlord have been made reasonably.
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ALLOCATION OF OPERATING COSTS. In determining the Operating Costs attributable to the Building, the Landlord shall have the right from time to time to reasonably allocate and re-allocate such Operating Costs which represent operating costs incurred for facilities or services shared by the Building and such other buildings as are owned or operated by the Landlord and which are not charged or allocated separately against the Building and any such other building or buildings. Any such determination made by the Landlord shall be binding upon the Tenant unless shown to be unreasonable or erroneous in some substantive respect.
Sample 1Sample 2See All (4)
ALLOCATION OF OPERATING COSTS. 8 5.02 FULL OCCUPANCY........................................................ 9 5.03
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ALLOCATION OF OPERATING COSTS. A. ln recognition of the distinct characteristics of Participating Cities and to insure that each Participating City is equitably allocated only the net cost of providing public transportation services for its citizens, separate operating cost and passenger revenue allocation formulas will be used. B. After the administrative costs of the Commission have been allocated in accordance with Article V and the capital costs allocated in accordance with Article VI, all other costs incurred by the Commission in providing public transportation services in the District will be considered operating costs of providing public transportation. C. Each transit route service will be analyzed separately to determine its operating costs and passenger revenues. D. Transportation operating costs will be allocated among the Participating Cities in the following manner:
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ALLOCATION OF OPERATING COSTS. (a) The ongoing costs of the commissioner not otherwise appropriated in operating the statewide public safety radio communication system shall be allocated among and paid by the following users, all in accordance with the statewide public safety radio communication system plan under section 403.36: (1) the state of Minnesota for its operations using the system; (2) all local government units using the system; and
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ALLOCATION OF OPERATING COSTS. For purposes of this Agreement, School operating expenses, which shall include all expenditures except those described in Article III,
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ALLOCATION OF OPERATING COSTS. Consistent with the allocation of the Acquisition Debt service, Total Operating Costs will currently be allocated 100% to UNLV as it is currently the sole occupant of the Campus. However Total Operating Costs shall be allocated to NSC and UNR with respect to Building B at such time as Building B is available for occupancy, i.e. the Campus Building Percentages will be recomputed by including the square footage of Building B in the denominator. At the point in time when ACTC is available for occupancy, the Campus Building Percentages will again be recomputed adding the square footage of ACTC into the denominator. The Allocated Operating Costs for each Building will be sub-allocated to each of the schools based on the Applicable Building Percentages for the respective Building.
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ALLOCATION OF OPERATING COSTS. Each party’s annual financial contribution to the annual operating budget shall be determined by the formula established in Section IV(B)(2) of this Agreement; provided, however, that the XXX numbers referenced in Section IV(B)(2) shall be updated to reflect the applicable numbers as of January 1 of the calendar year preceding July 1 of the fiscal year for which the Operating Budget has been established. The County shall provide the City and University CEOs, or designees, with quarterly reports showing budgeted versus actual operating expenditures.
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Related to ALLOCATION 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 Operating Expenses" shall mean and include all expenses incurred and payable in connection with the ownership, operation, maintenance, repair and management of the Premises and the improvements thereon and, without restricting the generality of the foregoing, shall include:

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

  • Duties of Operator Operator shall perform all required testing of Manufacturer’s Bus in accordance with the FTA Regulations and the established testing procedures used at the bus testing facility and provided to Manufacturer which procedures are attached hereto marked Exhibit “A” and fully described and incorporated herein by this reference.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including: 1. Pursuant to the Corporate Accountability for Tax Expenditures Act, 20 ILCS 715, et seq., a discontinuance of operations at the Project during the five-year period after the beginning of the first Taxable Year for which the Department issues a Certificate of Verification shall result in all Credits taken by the Company during such five-year period being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof. 2. Pursuant to Section 5-65 of the Act, discontinuance by the Company of operations at the Project during the term of this Agreement with the intent to terminate operations in the State of Illinois shall result in all Credits taken by the Company being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof.

  • Operating Costs Tenant shall pay to Landlord the Tenant’s Percentage of Operating Costs (as hereinafter defined) incurred by Landlord in any calendar year. Tenant shall remit to Landlord, on the first day of each calendar month, estimated payments on account of Operating Costs, such monthly amounts to be sufficient to provide Landlord, by the end of the calendar year, a sum equal to the Operating Costs, as reasonably estimated by Landlord from time to time. The initial monthly estimated payments shall be in an amount equal to 1/12th of the Initial Estimate of Tenant’s Percentage of Operating Costs for the Calendar Year. If, at the expiration of the year in respect of which monthly installments of Operating Costs shall have been made as aforesaid, the total of such monthly remittances is greater than the actual Operating Costs for such year, Landlord shall promptly pay to Tenant, or credit against the next accruing payments to be made by Tenant pursuant to this subsection 4.2.3, the difference; if the total of such remittances is less than the Operating Costs for such year, Tenant shall pay the difference to Landlord within twenty (20) days from the date Landlord shall furnish to Tenant an itemized statement of the Operating Costs, prepared, allocated and computed in accordance with generally accepted accounting principles. Any reimbursement for Operating Costs due and payable by Tenant with respect to periods of less than twelve (12) months shall be equitably prorated.

  • Statement of Operations Statement of Changes in Net Assets.

  • 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”).

  • Allocation of Profit and Loss Section 5.01 of the Partnership Agreement is hereby deleted in its entirety and the following new Section 5.01 is inserted in its place: