Description of Operating Expenses. Without limiting the generality of Section 3.03, Operating Expenses shall include all costs or expenses paid or incurred by Landlord in connection with the ownership and operation of the Property, including, but not limited to, the following:
Description of Operating Expenses. “Operating Expenses” shall mean all Operating Costs (as hereinafter defined) incurred by Landlord for the Project. With respect to Operating Costs that Landlord allocates to the entire Project (i.e., expenses related to the Project Common Areas), the portion allocated to the Building shall be based upon GAAP. Landlord may reasonably adjust Landlord’s allocation of such expenses to the Building in the future for changes in the physical size of the Building or the Project. Landlord’s good faith projection of Operating Expenses (which Subject to a request for confidential treatment, certain portions of this agreement have been intentionally omitted. The omitted portions subject to the confidential treatment request are designated by three asterisks [***]. A complete version of this agreement has been separately filed with the Securities and Exchange Commission. shall not limit Landlord’s rights pursuant to Article 8 hereof or this Article 9) for the Base Year is estimated to be [***] Dollars ($[***]) per square foot of Net Rentable Area. This estimate of Operating Expenses is only an estimate, and Landlord makes no guaranty or warranty that such estimate will be accurate.
Description of Operating Expenses. For the purposes of this Lease, “Operating Expenses” shall mean all actual expenses, costs and disbursements of every kind and nature (subject to the limitations and exclusions set forth herein), computed on the accrual basis, incurred or paid in connection with the ownership, management, operation, repair and maintenance of the Building, including but not limited to, but without duplication, the following:
Description of Operating Expenses. “Operating Expenses” shall mean all Operating Costs (as hereinafter defined) incurred by Landlord for the Project. With respect to Operating Costs that Landlord allocates to the entire Project (i.e., expenses related to the Project Common Areas), the portion allocated to the Building shall be based upon GAAP. Landlord may reasonably adjust Landlord’s allocation of such expenses to the Building in the future for changes in the physical size of the Building or the Project. Landlord’s good faith projection of Operating Expenses (which shall not limit Landlord’s rights pursuant to Article 8 hereof or this Article 9) for the Base Year is estimated to be [***] Dollars ($[***]) per square foot of Net Rentable Area. This estimate of Operating Expenses is only an estimate, and Landlord makes no guaranty or warranty that such estimate will be accurate.
