Common Area Operating Costs Sample Clauses

Common Area Operating Costs. 23610.4-725260 v3, jdl 4-18-12 (a) Commencing on the Commencement Date, Tenant shall pay to Landlord its Proportionate Share of the Common Area Operating Costs (defined below). The “Common Area Operating Costs” means all reasonable costs and expenses incurred or payable by Landlord in operating and maintaining the Common Areas (defined later) as may be reasonable, normal, and customary, but does not include costs or expenses excluded from Common Area Operating Costs elsewhere in this Lease, either expressly or impliedly. All Common Area Operating Costs shall be determined in accordance with generally accepted accounting principles, which shall be consistently applied. The Common Area Operating Costs shall be net and for that purpose shall be deemed reduced by the amount of any insurance reimbursement, other reimbursement, recoupment, payment, discount, credit, reduction, allowance, or the like received or receivable by the Landlord in connection with such Common Area Operating Costs.

Common Area Operating Costs. All costs associated with the operation, maintenance, and upkeep of the Common Areas shall be paid by the Town as Landlord, and proportionally allocated as per the cost sharing formula in subsection 6.4 to each Service Operator. Costs will be billed monthly by the Town and paid within thirty (30) days. Common Area Operating Costs shall include: (a) cleaning, janitorial, maintenance costs, mechanical services maintenance, and management fees; (b) utilities, including electrical, water and natural gas services used in the Common Areas; (c) all other costs which are determined by the Town to be Common Area costs.

Common Area Operating Costs. The term “Common Area Operating Costs” shall mean the total costs and expenses incurred by Landlord in operating, maintaining, managing, repairing and replacing the Common Area and the Center. There shall be excluded from Common Area Operating Costs the original costs of constructing the Common Area and the Center, including any portions of the Common Area or the Center constructed subsequent to the date of this Lease; however, Common Area Operating Costs shall include, if any, the annual amortization (over the useful life) of a capital improvement falling within any of the following categories: (i) a labor saving device or improvement which is intended to reduce or eliminate any component of Common Area Operating Costs; (ii) an installation or improvement required by reason of any law, ordinance or regulation which is generally applicable to similar office centers; and (iii) an installation or improvement which directly enhances safety or comfort of Tenants in the Common Area or the Center generally.

Common Area Operating Costs