NORMAL OPERATING EXPENSES Clause Samples
The 'Normal Operating Expenses' clause defines which routine costs are considered part of the regular expenses necessary to operate a property or business. This typically includes items such as utilities, maintenance, insurance, and administrative costs, but excludes extraordinary or capital expenditures. By clearly outlining what constitutes normal operating expenses, the clause ensures both parties understand which costs are regularly incurred and potentially shared or reimbursed, thereby preventing disputes over unexpected or ambiguous charges.
NORMAL OPERATING EXPENSES. Beginning with the Sublease Commencement Date and continuing to the Sublease Expiration Date, Subtenant shall pay to Sublandlord as additional rent for this subletting the cost of all additional expenses, costs and charges payable to Landlord or to third party providers by Sublandlord resulting from Subtenant's use
NORMAL OPERATING EXPENSES. Normal operating expenses include all recurring expenses incident to the investment activities of the Partnership (including, but not limited to, identification, evaluation, completion, monitoring, reporting and realization of investments); compensation and expenses of the employees of, and consultants that provide services to, the General Partner; compensation and reimbursement of expenses payable to the Investment Committee Members and the Observer, if any; fees for external consulting services for the Manof I Funds; and fees and expenses for administrative, clerical and related support services, bookkeeping, office space and facilities, utilities, telephone and travel.
NORMAL OPERATING EXPENSES. Normal operating expenses include all recurring routine expenses incident to the activities of the Partnership including, but not limited to, expenses incurred in investigating and evaluating investment opportunities for the Partnership; compensation and expenses of the directors, officers, employees and members of the Investment Committee of the Management Company in their capacities as such; and expenses for travel, office space and facilities, telephone, maintenance of books and records and general administrative services.
NORMAL OPERATING EXPENSES. Beginning with the Sublease ------------------------- Commencement Date and continuing to the Sublease Expiration Date, Subtenant shall pay to Sublandlord as additional rent for this subletting the cost of all additional expenses, costs and charges payable to Landlord or to third party providers by Sublandlord resulting from Subtenant's use of the Sublease Premises, which are not Normal Operating Expenses (as defined below) for the Building and the Sublease Premises. The term "Normal Operating Expenses" shall mean the full cost of all operating expenses (including Building maintenance, common area expenses, insurance premiums for casualty insurance maintained by Sublandlord with respect to the Building, but excluding any insurance coverages for Subtenant's personal property), security and janitorial services provided by Sublandlord and real estate taxes, applicable to the Sublease TOWNE CENTRE ____________________ [*] CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. Premises which are allocable to Subtenant's normal and customary use of the Sublease Premises in accordance with this Sublease. Normal Operating Expenses shall include Subtenant's utility charges for electricity usage to the extent not separately metered to Subtenant and shall exclude other excess or non- standard costs, expenses or charges incurred with respect to Subtenant's use or occupancy of the Sublease Premises which are incurred or requested by Subtenant. Subtenant shall not be responsible for payment of any Impositions (as defined in Paragraph 9(a) of the Master Lease) which are part of the Normal Operating Expenses or which are not otherwise made the responsibility of Subtenant pursuant to this Sublease.