Improved Operating Efficiency Sample Clauses
Improved Operating Efficiency. If Landlord shall, at any time after the Commencement Date, install a labor-saving device or other equipment, which improves the operating efficiency of any system within the Building (such as an energy management computer system) designed or intended to limit Operating Expenses or the cost of electricity or other utility service to operate the Building, or to limit future increases in Operating Expenses or electrical or other utility costs, then Landlord may add to Operating Expenses an annual amortization allowance based upon the costs of such device or equipment, plus interest on the unamortized balance thereof, amortized in equal installments over such period as determined by generally accepted accounting principals; provided, however, that the amount of such annual amortization allowance and interest shall not exceed the annual cost or expense limitation attributed by Landlord to such installed device or equipment, and in no event shall such amortization allowance increase the sum of Operating Expenses over what it would have been if such labor-saving device or other equipment had not been installed.
Improved Operating Efficiency. If, at any time after the Commencement Date, Lessor shall install a labor or energy saving device or other equipment, which improves the operating efficiency of any system within the Building (such as an energy management computer system) and thereby reduces Building Operating Expenses or utilities to operate the Building, or limits future increases in Building Operating Expenses or utility costs, then Lessor may add to Building Operating Expenses an annual amortization allowance based upon the costs of such equipment, plus interest on the unamortized balance thereof, amortized in equal installments over such period as determined by generally accepted accounting principles; provided, however, that the amount of such annual amortization allowance and interest shall not exceed the annual savings in costs or expenses attributable to such installed device or equipment, and in no event shall such amortization allowance increase the sum of Building Operating Expense over what it would have been if such labor or energy saving device or other equipment had not been installed. Lessor: ---- Page 5 of 15 Forest Green/Orms▇▇ ▇ ▇ease Lessee: 8
Improved Operating Efficiency. If Landlord shall, at any time after the Commencement Date, install a labor-saving device or other equipment, which improves the operating efficiency of any system within the Building (such as an energy management computer system) and thereby reduces Operating Expenses, then Landlord may add to Operating Expenses in each calendar year during the useful life of such installed device or equipment an amount equal to the annual amortization allowance with respect to the cost of such installed device or equipment as determined in accordance with applicable regulations of the Internal Revenue Service or generally accepted accounting principles, together with interest on such cost or the unamortized balance thereof at the rate of 10% per annum or at the rate of interest paid or to be paid by Landlord for funds borrowed to finance such cost, whichever is higher; provided, however, that the amount of such annual amortization allowance and interest shall not exceed the annual cost or expense reduction attributed by Landlord to such installed device or equipment, and in no event shall Tenant's Annual Rental Adjustment be increased over what it would have been if such labor-saving device or other equipment had not been installed.
Improved Operating Efficiency. If Landlord shall, at any time after the Commencement Date, install a labor-saving device or other equipment, which improves the operating efficiency of any system within the Building (such as an energy management computer system) and as a result of such installation, Operating Expenses or the cost of electricity to operate the Building are reduced (a “Cost Savings Capital Item”), based upon Landlord’s reasonable determination, then Landlord may add to Operating Expenses an annual amortization allowance based upon the actual out of pocket cost of such Cost Savings Capital Item, plus interest at the rate of 10% per annum on the unamortized balance thereof, amortized in equal installments over the useful life of such Cost Savings Capital Item as determined under GAAP; provided, however, that the amount of such annual amortization allowance and interest shall not exceed the annual savings in Operating Expenses for such Adjustment Year as set forth in a report to Tenant prepared by an unaffiliated third party establishing such cost savings in the pertinent Adjustment Year , and in no event shall such amortization allowance increase the sum of Operating Expenses over what it would have been if such Cost Savings Capital Item had not been installed.
Improved Operating Efficiency. If Landlord shall, at any time after the Commencement Date, install a laborsaving device or other equipment, which improves the operating efficiency of any system within the Building (such as an energy management computer system) and thereby limits Operating Expenses or the cost of electricity to operate the building, or limits future increases in Operating Expenses or electrical costs, then Landlord may add to Operating Expenses an annual amortization allowance equal to the costs of such equipment, together with interest at the rate of twelve percent (12%) per annum on the unamortized balance thereof, amortized in equal installments over such period a. Landlord shall reasonably determine; provided, however, that the amount of such annual amortization allowance and interest shall not exceed the annual cost or expense limitation attributed by Landlord to such installed device or equipment, and in no event shall the sum of Tenant"s Annual Operating Expense Reimbursement plus the Cost of electricity paid for by Tenant be increased over what it would have been if such labor saving device or other equipment had not been installed.
Improved Operating Efficiency. If Landlord shall purchase and install a labor-saving device or other equipment which Landlord, acting reasonably and in good faith, believes will improve the operating efficiency of any system within the Building (such as an energy management computer system) or reduce Building Operating Expenses, then Landlord may add to Building Operating Expenses an annual amortization allowance equal to the reasonable costs of such equipment, together with interest at the rate of ten percent (10%) per annum on the unamortized balance thereof, amortized in equal installments over the useful life of such labor-saving device or other equipment.
