Building Operating Expenses Clause Samples

Building Operating Expenses. The term "Building Operating Expenses" shall mean and include the Building's share of Real Property Taxes, plus the Building's share of Landlord's Insurance Costs, plus the Building's share of all Project Maintenance Costs.

Building Operating Expenses. “Building Operating Expenses” shall mean the portion of Operating Expenses (as defined below) allocated to the tenants of the Building pursuant to the terms of Section 4.3 below.

Building Operating Expenses. Tenant shall pay during the Term hereof Tenant’s Percentage, as indicated above in Section 1.1, of all Building Operating Expenses (as hereinafter defined) incurred by Landlord in any calendar year on a fully net basis, with expenses that vary with occupancy calculated as if the Building were 95% occupied or, if higher, such higher rate of actual occupancy.

Building Operating Expenses. In addition to the rental herein provided to be paid by Lessee to Lessor, Lessee shall pay to the Lessor, on or before the first day of each month, as Additional Rent, the amount, if any, by which Lessee's proportionate share (as hereinafter defined) of Building Operating Expenses has increased over the Base Year 1996. Lessee's proportionate share of Building Operating Expenses is based upon a fraction, the numerator of which shall be the total number of square feet of real property in the entire complex of which the Premises are a part.

Building Operating Expenses. Building Operating Expenses" shall include all reasonable and necessary expenses incurred by Landlord in the operation, maintenance, repair and management of the Building and the Common Areas of the Building, including, but not limited to, (a) non-structural repairs to and maintenance of the roof, skylights and or walls of the Building; (b) repair, maintenance, utility costs and landscaping of the Building and Common Areas of the Building; (c) insurance deductibles (not to exceed $100,000 per calendar year) and premiums relating to the insurance maintained by Landlord with respect to the Building and the Common Areas of the Building; (d) service contracts for security, cleaning, janitorial and landscaping services and maintenance of HVAC systems and elevators, if any; (e) all wage and labor costs, including fringe benefits, applicable to persons engaged in the operation, maintenance and repair of the Building and the Common Areas of the Building as Landlord's agents or as independent contractors; (f) capital improvements made to or capital assets acquired for the Building and the Common Areas of the Building after the Commencement Date that reduce Building Operating Expenses or are reasonably necessary for the health and safety of the occupants of the Building or are required under any present or future governmental law or regulation, which capital costs, or an allocable portion thereof, shall be amortized over the useful life of such items, together with interest on the unamortized balance at an annual interest rate equal to Landlord's good faith estimate of its cost of funds for such capital improvements or capital assets but in all events not in excess of the Applicable Interest Rate; and (g) installation, maintenance, repair and replacement of telephone wiring within the Building. Building Operating Expenses shall also include an administrative fee to Landlord for accounting and project management services relating to the Building and the Common Areas of the Building in an amount equal to ten percent (10%) of the sum of Building Operating Expenses (other than the administrative fee) and Building Real Property Taxes. Building Operating Expenses shall not include (i) replacement of or structural repairs to the roof or the exterior walls; (ii) repairs to the extent covered by insurance proceeds, or paid by Tenant or other third parties; (iii) alterations solely attributable to tenants of the Building other than Tenant; (iv) capital improvements made to co...

Building Operating Expenses. Operating Expenses allocable to the Building. Landlord, in its reasonable discretion, shall determine the portion of Operating Expenses allocable to the Building in accordance with its operating principles and practices for the Project and/or the Building, as equitably determined by Landlord from time to time; provided, however, that Landlord shall make such allocation in a consistent and nondiscriminatory manner. If Jess than ninety-five percent (95%) of the rentable area of the Building is occupied during the Base Year or any subsequent calendar year during the Term, then those components of actual Building Operating Expenses for the Base Year and such subsequent calendar year which vary with variations in Building occupancy shall be adjusted to reflect Landlord’s reasonable estimate of Building Operating Expenses as if ninety-five percent (95%) of the entire rentable area of the Building had been occupied. Landlord’s reasonable “gross up” of such variable Building Operating Expenses shall be final and binding on Tenant, in the absence of manifest error. Notwithstanding any provision in this Lease to the contrary, in no event shall the amount of Building Operating Expenses for any calendar year subsequent to the Base Year be deemed to be less than the amount of Base Building Operating Expenses. Building Real Estate Taxes: Eighty-eight and Four Tenths Percent (88.4%) of Real Estate Taxes, except that to the extent the Building, or a portion thereof, is separately assessed, then One Hundred Percent (100%) of such separately assessed Real Estate Taxes. Notwithstanding any provision in this Lease to the contrary, in no event shall the amount of Building Real Estate Taxes for any calendar year subsequent to the Base Year be deemed to be less than the amount of Base Building Real Estate Taxes. Building Standard Hours: 7:00 a.m. to 6:00 p.m. on weekdays and 8:00 a.m. to 2:00 p.m. on Saturdays (except Building Holidays).

Building Operating Expenses. The Master Lease requires Sublandlord to pay to Master Landlord certain of the expenses of operating the Building of which the Premises are a part (collectively, "Building Operating Expenses"), including, but not limited to, taxes (Section 10), utilities (Section 11), and insurance (Section 8). Subtenant will pay to Sublandlord as additional rent Sixty-two and one half percent (62.5%) (subject to adjustment pursuant to Section 1) ("Subtenant's Share") of the increase in amounts payable by Sublandlord for Building Operating Expenses incurred during the Term to the extent such costs exceed Building Operating Expenses paid by Sublandlord for the 2000 calendar base year (the "Base Year"). Supplemental property tax assessments shall be attributed to the calendar year in which the event triggering the re-assessment occurs rather than in the calendar year in which the property tax ▇▇▇▇ is actually received by Sublandlord.

Building Operating Expenses. Tenant’s Proportionate Share of Building Operating Expenses shall be determined for each Building by multiplying the total amount of Building Operating Expenses allocated to the relevant Building by a fraction, the numerator of which shall be the net rentable area leased by Tenant from time-to-time in that Building, and the denominator of which shall be the total net rentable area (less first floor rentable area) contained in that Building. In calculating Building Operating Expenses, the Operating Expenses for the Bridge Space may be taken into account with the Primary Building. Universal Common Area Operating Expenses and Building Operating Expenses are collectively referred to herein as “Operating Expenses.” After the Commencement Date, Tenant’s Proportionate Shares shall not increase as a result of a reduction in the rentable area of either Building.

Building Operating Expenses. Tenant shall continue to pay Additional Rent in accordance with Tenant’s pro rata share of Operating Expenses during the Second Extended Term.