Common use of ALLOCATION OF OPERATING COSTS Clause in Contracts

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.

Appears in 6 contracts

Samples: Indenture (VeriChip CORP), Indenture (Newbridge Networks Corp), Indenture (Newbridge Networks Corp)

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