Basic Cost Defined Sample Clauses

Basic Cost Defined. The term "Basic Cost" means all annual operating expenses of the Building, adjacent parking garage serving the Building (hereinafter called "Building Parking Garage") access roads, easements, truck docks and grounds serving the Building and Building Parking Garage (hereinafter called "Building Grounds") (hereinafter collectively called the "Complex") computed on the accrual basis, determined in accordance with generally accepted accounting principles consistently applied, and shall consist of all expenditures to maintain all facilities in the operation of the Complex and such facilities in subsequent years as may be necessary or desirable in the operation of the Complex. The term "operating expenses" shall mean all expenses, costs and disbursements (but not replacement of capital investment items, except as stated in Section 5.10.9 below, or specific utility costs especially billed to and paid by specific tenants) of every kind and nature which Landlord shall reasonably pay or become obligated to pay in connection with, and in the ordinary course of, the ownership and operation of the Complex, including but not limited to, the following:
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Basic Cost Defined 

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