General Operating Costs Clause Samples
The General Operating Costs clause defines which routine expenses are considered part of the ongoing costs necessary to run a business or project. It typically covers items such as utilities, office supplies, maintenance, administrative salaries, and other day-to-day expenditures that are not directly tied to a specific project or deliverable. By clearly outlining what constitutes general operating costs, this clause helps prevent disputes over which expenses are reimbursable or included in budgets, ensuring transparency and proper allocation of financial responsibilities.
General Operating Costs. Fixed charges cover Click!’s fiber management system dedicated to the I-Net, including documentation of fiber configuration and planned and unplanned fiber relocations. $1,100.00 per month, subject to CPI adjustments per Section 5.1.B(iii). Variable charges cover Digital I-Net facility space in Hubs, electricity charges for Digital I-Net equipment in Hubs, Tacoma Public Schools consultation, software and hardware to support Multiplexers and Telecordia standard naming of circuits. $1,800.00 per month*, subject to CPI adjustments per Section 5.1.B(iii). Additional variable charges cover HFC I-Net facility space in Hubs, power for HFC I-Net equipment in Hubs and electricity charges for power supplies dedicated for HFC I-Net equipment. $1,020.00 per month*, subject to CPI adjustments per Section 5.1.B(iii).
General Operating Costs. Each Owner shall be assessed for and pay on no less than a quarterly basis his proportionate share of the prorated annual assessments determined by the Managing Agent of the Owner’s proportionate share of general operating costs of the Association. These general operating costs include, but are not limited to:
(1) Common expenses charged with respect to the Units by the Meadow Lake Association
(2) Common expenses charged with respect to the Units by the Spyglass Association;
(3) Administrative charges including accounting, scheduling and front desk;
(4) Insurance carried pursuant to this Agreement;
(5) Property taxes, unless separately assessed and paid;
(6) Water and sewer charges, if not included in common area charges;
(7) Local telephone service charges;
(8) Cable Television charges, if not included in common expense;
(9) Electrical utility charges, if not included in common expense;
(10) Repairs, replacements and normal maintenance;
(11) Semi- annual cleanings and fix-up during the maintenance weeks;
(12) Firewood, if not included in common expense;
(13) Trash disposal charges, if not included in the common expenses;
(14) Recreational Facilities Usage Fee;
(15) All other reasonable charges related to maintenance;
(16) Normal cleaning and maid service;
(17) Reserves for furniture, appliances and other related equipment;
(18) Managing Agent Fees in the amount of ten percent (10%) of the total of the above items one through seventeen inclusive. Until one hundred percent (100%) of the Interval Estates are sold, Meadow Lake Development Corporation shall be responsible for its pro-rata share of all of items one through eighteen above with the exception of items sixteen and seventeen. If Meadow Lake Development Corporation uses the Unit as a rental it will pay its pro-rata share of item sixteen based on the number of weeks rented.
General Operating Costs. General Operating Costs may be charged to the program and are for costs that are directly allocable to those activities defined as related facilities, office and computer equipment, office supplies, telephone, and travel as allowable program costs.
General Operating Costs. Each interval estate owner shall be assessed for and pay on no less than a quarterly basis his proportionate share of the prorated annual assessments determined by the Managing Agent of the Owner’s proportionate share of all general operating costs of the Units. These general operating costs include, but are not limited to: Common expenses charged with respect to the Association Units by the Meadow Lake Homeowners Association; ' Common expenses charged with respect to the Unit by the Glacier Village Condominium Association; Administration charges including accounting, scheduling and front desk; Insurance carried pursuant to this Agreement; Property taxes, unless separately assessed and paid; Water and sewer charges, if not included in common area charges; Local telephone service charges;
General Operating Costs. Each owner shall be assessed for and pay on no less than a quarterly basis his proportionate share of the prorated annual assessments determined by the Managing Agent of the Owner’s proportionate share of all general operating costs of the Association. These general operating costs include, but are not limited to:
(1) Common expenses charged with respect to the Association Units by the Meadow Lake Association;
(2) Common expenses charged with respect to the Association Units by the NeNastako Association.
(3) Insurance carried pursuant to this Agreement;
(4) Electric, gas, cable television, telephone, water and sewer;
(5) Housekeeping service;
(6) Semi-annual cleaning;
(7) Repairs and maintenance;
(8) Landscaping;
(9) Recreational facilities and services usage fee;
(10) Montana Vacation Club Fee;
(11) Administration charges including accounting, scheduling and front desk;
(12) Security services;
(13) Real Estate property taxes;
(14) Housewares and linens;
(15) Reserves for furniture, appliances and other related equipment;
(16) Reserves for roof replacement and other capital expenditures.
(17) Managing Agent Fees in the amount often percent (10%) of the total the above items one through fifteen inclusive; Until one hundred percent (100%) of the Rotational Estates are sold, Meadow Lake Development Corporation shall be responsible for its pro-rata share of all of items one through fifteen (1-15) above with the exception of item five, fourteen and fifteen. If Meadow Lake Development Corporation uses the Townhome Unit as a rental it will pay its pro-rata share of item four based on the number of weeks rented.
General Operating Costs. The following costs (hereinafter referred to collectively as the “General Operating Costs”): (A) charges or fees for, and taxes on, the furnishing of water, sewer service, gas or other utility services (other than electricity) to the Property; (B) costs of providing elevator service and security service for the common areas of the Building, and of maintaining the grounds, common areas and mechanical systems of the Building and Property; (C) all other costs of maintaining, repairing or replacing any or all of the Building or the Property; (D) charges or fees for any necessary governmental permits; (E) management fees, overhead and expenses; (F) premiums for hazard, liability, workers’ compensation or similar insurance upon any or all of the Property; (G) costs arising under service contracts with independent contractors; (H) costs of any services not provided by Landlord to the Property on the date hereof but hereafter provided by Landlord in its prudent management of the Property; and (I) the cost of any other items which, under generally accepted accounting principles consistently applied from year to year with respect to the Property, constitute operating or maintenance costs attributable to any or all of the Property.