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 in which the Premises are located, including, but not limited to the following:
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 ("Building Operating Expenses") shall mean any and all expenses incurred by the Lessor in connection with the ownership, maintenance, operation, upkeep and repair of the building including the equipment, adjacent walks, loading and parking areas, landscaped areas, and other improvements to the building, including but not limited to salaries, hourly wages, payroll taxes, social security, uniforms and dry cleaning thereof for employees of the Lessor engaged in the operation, maintenance and repair of the building; the costs of all charges for electricity, steam and water or other utilities furnished to the building, including any taxes thereon, other than those chargeable to individual tenants by reason of their extraordinary consumption of such utilities; the costs of all charges for insurance directly relating to the use and/or the operation of the building as aforesaid; the costs of building and cleaning supplies and materials; the costs of all charges for cleaning, maintenance and service contracts and other services with independent contractors, including snow and trash removal and landscaping; salaries of building superintendents and assistants; allowance for management fees and services; and overhead and legal expenses directly relating to the use and/or operation of the building; real estate taxes and other taxes and assessments incurred in connection with the ownership, operation and maintenance of the building; and all other costs and expenses reasonably necessary in the operation and maintenance of a first- class office building. If the property where the Premises are located consists of multiple buildings, Lessor may operate and account for said buildings jointly, apportioning all Building Operating Expenses prorata among the total square footage of all the buildings. Building Operating Expenses shall not include interest on debt, capital retirement of debt, capital expenditures (except for capital expenditures which reduce operating expenses, in which case such expenditures shall be amortized over the life of the objects for such capital expenditures), or any cost which is charged to and collected from any tenant of the building on account of negligent or willful act or omission of such tenant or for which such tenant may be liable, contractually or otherwise.
Building Operating Expenses a. Tenant shall pay as Additional Rent it's pro rata share of any Building Operating Expenses (as hereinafter defined) and shown in Exhibit "C". Landlord shall deliver to Tenant each year, on or before March 31 (or within a reasonable time thereafter), a statement setting forth the amount of Operating Expenses paid or incurred by Landlord, directly or indirectly, during the immediately preceding calendar year. This statement shall delineate Tenant's actual pro rata share of the demonstrated Building Operating Expenses for the preceding calendar year. Within thirty (30) days after delivery of the statement, Tenant shall pay to Landlord as Additional Rent, Tenant's share of such Building Operating Expenses not previously paid.
b. Commencing with the rental payment immediately following the receipt of the statement of Building Operating Expenses, Tenant shall remit as Additional Rent one-twelfth (1/12) of Tenant's pro rata share of the anticipated Building Operating Expenses for the following year in addition to the scheduled Base Rent.
c. If the term of this Lease begins after January 1, or ends prior to December 31, Tenant's share of the Building Operating Expenses shown on the statement delivered at the end of such year shall be reduced proportionately. In the event Tenant's share of the Building Operating Expenses is less than the amount previously anticipated and collected by Landlord, Tenant's excess shall be applied to sums owed to Landlord, and if none, then shall be remitted to Tenant. In the event Tenant's share of the Building Operating Expenses is more than the amount previously anticipated and collected by Landlord, Tenant's shortage shall be billed to Tenant and remitted within thirty (30) days. AGREEMENT OF LEASE Exhibit 10.20 -----------------------------------------------------
Building Operating Expenses. Building Operating Expenses" shall not include and Tenant shall in no event have any obligation to perform or to pay directly, or to reimburse Landlord for, all or any portion of the following repairs, maintenance, improvements, replacements, premiums, claims, losses, fees, charges costs and expenses (collectively "Costs"):
Building Operating Expenses. For purposes of this Lease, the term “Building Operating Expenses” shall mean all expenses, costs and disbursements (but not replacement of capital investment items except as provided in Article 5.2(g), depreciation, debt service, income taxes, franchise taxes or specific costs especially billed to and paid by specific tenants) of every kind and nature which Lessor shall pay or become obligated to pay because of or in connection with the ownership and operation of the Land, the Building and all other improvements now or hereafter located thereon (hereinafter collectively called the “Complex”), including, but not limited to, the following:
Building Operating Expenses. Section 1.4 of the Original Lease is hereby amended to provided that the Base Year for determining increases in Building Operating Costs shall be the 2006 calendar year.
