Operating Cost. Indicate whether or not the base rent includes any portion of the building’s operating costs. If not, state the monthly amount the tenant must pay for a proportionate share of the operating expenses. Specify the maximum percentage of the total operational costs for the tenant’s share and the percentage of the expenses reserved for significant repairs and renovations. If the tenant underpays their share of the operating expenses, specify the days the tenant must pay the amount due. Step 6 – Choose the Tax Option 13.
Operating Cost. (a) Operating Cost shall mean all expenses and costs of every kind and nature which Landlord shall pay or become obligated to pay because of or in connection with the management, maintenance, preservation or operation of the Building (determined in accordance with generally accepted accounting principles, consistently applied) including, but not limited to the following:
Operating Cost. During the Term of the Lease the Tenant shall pay to the Landlord in the manner set forth in this Section the Tenant's Share of the Operating Cost. Prior to the commencement of the Term of this Lease and the commencement of each fiscal period selected by the Landlord thereafter which commences during the Term, the Landlord shall estimate the amount of Operating Cost for the ensuing fiscal period or, if applicable, a portion thereof, as the case may be, and notify the Tenant in writing of such estimate and the Tenant's monthly Instalments on account thereof. The Landlord may from time to time alter the fiscal period selected, in which case, and in the case where only a portion of a fiscal period is included within the Term, the appropriate adjustment in monthly instalments shall be made. From time to time during a fiscal period the Landlord may re-estimate the amount of Operating Cost in which event the Landlord shall notify the Tenant in writing of such re-estimate and fix monthly instalments for the then remaining balance of such fiscal period or portion thereof such that, after giving credit for instalments paid by the Tenant on the basis of the previous estimate or estimates, the estimated portion of Operating Cost payable by the Tenant will be fully payable during such fiscal period or portion thereof. As soon as practicable after the expiration of each fiscal period, the Landlord shall make a final determination of Operating Cost for such fiscal period or, if applicable, the portion thereof and notify the Tenant, and the parties shall make the appropriate readjustment and any money owing by or to one party by the other upon final determination shall be paid to the other within thirty {30) days of the final determination. Notices by the Landlord stating the amount of any estimate, re-estimate or determination of Operating Cost, or monthly instalments payable need not include particulars of Operating Cost. The Operating Cost for a period of which the Term forms a part shall be reported by the Landlord's accountant and a copy of such report shall be furnished to the Tenant upon request. Any report of the accountant appointed by the Landlord as to the Operating Cost shall be conclusive as to the amount thereof for any period to which such report relates.
Operating Cost. The following portion of Operating Costs shall be allocated to the
Operating Cost. All costs described in Exhibit G, OPERATING COSTS, attached 5 hereto.
Operating Cost. Beginning on the Commencement Date, Tenant agrees to pay Landlord for Tenant’s proportionate share of Operating Cost. Tenant’s initial monthly estimate for Operating Cost is $ per month. For the purposes of this Lease, Tenant’s proportionate share of Operating Costs shall no exceed % of the total capital operating costs for any given month. Tenant’s proportionate share shall be determined by dividing the number or rentable square feet in the Demised Premises by the total number of rentable square feet in the Real Property which are leased or available for lease during the year. “Operating Cost” means the total cost and expense incurred in operating, managing, insuring, equipping, lighting, repairing, maintaining and policing the Real Property, including the exterior of the Real Property and the common areas, and specifically including, without limitation, items of expense for or related to: real estate taxes, insurance premiums and deductibles, management, bookkeeping, and accounting fees, and an annual addition equal to % per annum of the Operating Cost for a reserve fund for major repairs, replacements, and renovations.
Operating Cost. (i) Prior to the Commencement Date and prior to each calendar year thereafter Landlord shall compute and deliver to Tenant a good faith estimate of the Operating Cost for such calendar year and the monthly payments as would fully recover the estimated Operating Cost in such calendar year. If at any time in such calendar year there is a material change in Landlord's estimate of the Operating Cost, Landlord may compute and deliver to Tenant an updated statement. The estimated Operating Cost shall be paid by Tenant to Landlord in advance and without further notice on or before the Commencement Date and on or before the first day of each calendar month thereafter during the Term in monthly installments, each based on Landlord's most current statement. If the Commencement Date falls on other than the first day of a month, the payment of the estimated Operating Cost for the first month of the Initial Term shall be pro-rated.
Operating Cost. Operating cost means expenses incurred by an institution in serving meals to participants under the Program, and allowed by the state agency guidance and financial management instructions.
Operating Cost. The cost of the operating portion of the expense of operating work as specified in the Eldorado System Operating Agreement.
