Common use of Expenses Defined Clause in Contracts

Expenses Defined. “Expenses” means the sum of (i) all direct and indirect costs and expenses incurred in each calendar year in connection with operating, maintaining, repairing, and managing the Buildings and the Property (including any costs and expenses in connection with operating, maintaining, repairing and managing the Exterior Common Areas located on the Property to the extent such costs and expenses are not deemed to be costs and expenses of the Project as a whole), and (ii) the Buildings’, the Property’s and the Landlord’s allocable portion of (a) all direct and indirect costs of operating, maintaining, repairing and managing the Project (including any costs and expenses in connection with operating, maintaining, repairing and managing the Exterior Common Areas located on the Project to the extent such costs and expenses are not specifically allocated to and payable by individual buildings within the Project), (b) all costs, fees or other amounts payable to any association established for the benefit of the Project and/or other properties, if any (but only to the extent of the Project’s pro rata share of such costs), and (c) all fees payable to the company or association, if applicable, managing the parking areas within the Project, including, but not limited to:

Appears in 2 contracts

Samples: Office Lease Agreement (GoPro, Inc.), Office Lease Agreement (GoPro, Inc.)

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Expenses Defined. “Expenses” means the sum of (i) all direct and indirect costs and expenses incurred in each calendar year in connection with operating, maintaining, repairing, and managing the Buildings Building and the Property (including any costs and expenses in connection with operating, maintaining, repairing repairing, and managing the Exterior Common Areas located on the Property property to the extent such costs and expenses are not deemed to be costs and expenses of the Project as a whole), and (ii) the Buildings’Building’s, the Property’s and the Landlord’s allocable portion percentage of (a) all direct and indirect costs of operating, maintaining, repairing and managing the Project (including any costs and expenses in connection with operating, maintaining, repairing and managing the Exterior Common Areas located on the Project to the extent such costs and expenses are not specifically allocated to and payable by individual buildings within the Project), (b) all costs, fees or other amounts payable to any association established for the benefit of the Project and/or other properties, if any (but only to the extent of the Project’s pro rata share of such costs), and (c) all fees payable to the company or association, if applicable, managing the parking areas within the Project, including, including but not limited to:

Appears in 1 contract

Samples: D Lease Agreement (SMTC Corp)

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Expenses Defined. “Expenses” means the sum of (i) all direct and indirect costs and expenses incurred actually paid by Landlord in each calendar year in connection with operating, maintaining, repairing, and managing the Buildings Building and the Property (including any costs and expenses in connection with operating, maintaining, repairing and managing the Exterior Common Areas located on the Property to the extent such costs and expenses are not deemed to be costs and expenses of the Project as a whole), and (ii) the Buildings’Building’s, the Property’s and the Landlord’s allocable portion percentage of (a) all direct and indirect costs of operating, maintaining, repairing and managing the Project (including any costs and expenses in connection with operating, maintaining, repairing and managing the Exterior Common Areas located on the Project to the extent such costs and expenses are not specifically allocated to and payable by individual buildings within the Project), (b) all costs, fees or other amounts payable to any association established for the benefit of the Project and/or other properties, if any (but only to the extent of the Project’s pro rata share of such costs), and (c) all fees payable to the company or association, if applicable, managing the parking areas within the Project, including, but not limited to:

Appears in 1 contract

Samples: Lease Agreement (Vivani Medical, Inc.)

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