Base Operating Cost Sample Clauses
Base Operating Cost. The term “Base Operating Cost” shall mean the aggregate of all expenditures incurred by Landlord to maintain and operate the Building in a first class manner. All such expenses shall be determined in accordance with generally accepted accounting principles which shall be consistently applied. Base Operating Cost, as used in this Lease, shall mean all expenses, costs, and disbursements of every kind and nature which Landlord shall pay or become obligated to pay because of or in connection with the ownership and operation of the Building and the Parking Areas, including but not limited to, the following:
Base Operating Cost. In addition to the minimum annual rent, Tenant shall pay annually Two Hundred Sixty Eight Thousand Nine Hundred Fifty Dollars and 00/100 ($268,950.00) herein called the "Base Operating Cost" in equal monthly in equal monthly installments concurrent with and in the same manner as Tenant's payment of the minimum annual rent and adjustments thereto. The Base Operating Cost represents Landlord's estimate of Tenant's share of the annual operating costs for the 1995 calendar year to the extent the Base Operating Cost exceeds Tenant's share of the annual operating costs as calculated for any given calendar year. Landlord shall credit such excess to Tenant's account for the following year. See continuation of Article 5(c) attached hereto.
Base Operating Cost. The Actual Operating Cost for calendar year 1999. -------------------
Base Operating Cost. 1.C.(2) Building...............................................................1.A.(1) BOMA Standard..............................................................3.1
Base Operating Cost. In addition to the minimum annual rent Tenant shall pay Base operating Costs in equal monthly installments in accordance with the Base Operating Cost Schedule herein below, which sums shall be applied to payment of the costs owed to Landlord by Tenant for the taxes and impositions pursuant to Article 6, insurance pursuant to Article 7 and 16 and the management, repairs and maintenance pursuant to Article 8. Landlord shall cause the actual amount of such costs to be certified to Tenant within one hundred twenty (120) days following the end of each calendar year, and Landlord or Tenant, as the case may be, shall, within thirty (30) days of the mailing of the certification, pay to the other the amount of any deficiency or overpayment then due from one to the other. In lieu thereof, at Landlord's option, Landlord may credit Tenant's account for any overpayment. Tenant shall be provided itemized expense list at time of billing or crediting. Tenants share of Base Operating Costs will be the proportionate share as defined in Paragraph 30(f) of this lease. Monthly Installment Schedule of Base Operating Cost Months Monthly Installment ------ ------------------- Month 1 until commencement of Phase 2 $2,208.33 Commencement of Phase 2 until Commencement of Phase 3 $3,467.92 Commencement of Phase 3 thru Month 60 $4,558.33
Base Operating Cost. 1.C.(2) Building.......................................................... 1.A.(1) Casualty............................................................. 17.1