Definition of Excluded Costs Sample Clauses

Definition of Excluded Costs. “Excluded Costs” shall be defined as the following:
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Definition of Excluded Costs. “Excluded Costs” shall be defined as mortgage charges, brokerage commissions, salaries of executives and owners not directly employed in the management/operation of the Building, the cost of work done by Landlord for a particular tenant for which Landlord has the right to be reimbursed by such Tenant, and, subject to Subparagraph (3) below, such portion of expenditures as are not properly chargeable against income. Excluded Costs shall also mean the following:
Sample 1
Definition of Excluded Costs. “Excluded Costs” shall be defined as mortgage charges, brokerage commissions, salaries of executives and owners not directly employed in the management/operation of the Complex, the cost of work done by Landlord for a particular tenant for which Landlord has the right to be reimbursed by such tenant, and, subject to Subparagraph (3) below, such portion of expenditures as are not properly chargeable against income. In addition, the following items shall also be “Excluded Costs”: (a) amounts reimbursed or paid to Landlord directly by other tenants of the Building (including Tenant), from insurance proceeds or pursuant to any warranty; (b) any debt service related to indebtedness secured in whole or in part by the Building or the Land; (c) costs, fines or penalties incurred due to violations by Landlord or any management company employed by Landlord of any leases or any governmental laws, rules or regulations; (d) franchise or income taxes imposed upon Landlord; (e) leasing commissions and other costs of marketing space in the Building; (f) depreciation on the Building and equipment; (g) the cost of tenant installations incurred in connection with preparing premises for a new tenant; (h) salaries of personnel above the grade of General Manager or Senior Property Manager (and/or such other grade or title of any person performing property management functions); (i) legal fees incurred in connection with any negotiation or enforcement of any space lease in the Building; (j) costs and expenses incurred in connection with the creation of a mortgage or in connection with the refinancing of a mortgage or the sale of the Building or the Land or any portion thereof; (k) the cost of electrical energy furnished and paid directly to Tenant or any other tenant of the Building; (1) amounts paid on account of tort claims relating to personal injury or property damage (excluding commercially reasonable deductibles); (m) the cost of any special work or service performed for or facilities furnished to a tenant which are not generally offered or available to other tenants of the Building; (n) reserves; (o) any capital expenditures other than as expressly provided herein; and (p) any rent loss or other bad debt.
Sample 1

Related to Definition of Excluded Costs

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