Operating Cost Reimbursement Sample Clauses

Operating Cost Reimbursement. The annual base rent shall be adjusted from time to time in accordance with this section to reflect increases in the expense of operating the building ("Operating Costs"). The annual base rent, including the adjustments made pursuant to this section, is referred to in this lease as the "Rent". Landlord, during the last month of the building's fiscal year or as soon as thereafter as practical, shall given Tenant written notice of Landlord's estimate of increases in operating costs for the ensuing fiscal year as compared to the Expense Stop Amount. As used herein ("Tenant's Prorata Share") shall be the ratio of the premises to the total leasable are of the building. On or before the first day of each and every month during the ensuing fiscal year, tenant shall pay to Landlord 1/12th of Tenant's prorata share of each estimated amount. If at any time(s) it appears to Landlord that the actual costs for the current fiscal year will vary from Landlord's estimate by more than ten percent (10%), Landlord may, by written notice to Xxxxxx, revise Xxxxxxxx's estimate for such year and revise the 1/12th billing accordingly. As soon as practical after the end of each fiscal year where estimated increases in operating costs are required by this lease to be paid, Landlord shall send to Tenant a statement of the actual amount of the preceding fiscal year's increase (if any) over the Expense Stop Amount. If the estimated amount exceeded the actual amount paid by Tenant, such excess amount shall be credited to Tenant within thirty (3) days from the date of the statement. If the estimated amount was less that the actual amount owed to Landlord, then Tenant shall pay to Landlord such difference within thirty (30) days from the date of the statement. If at the end of the building's fiscal year less than twelve (12) months remain on this lease, the final estimated increase being paid by Tenant in the final lease year shall prevail to the end of this lease. Operating costs shall include all costs of administration, operation, repairs, maintenance, utilities, insurance and taxes, but shall not include federal or state income taxes, tenant alterations, leasing commissions, interest expense, debt service, capital items, or depreciation. If the Building is not fully leased or if Landlord is not providing standard Building services to all tenants during any calendar year, actual Expenses shall be adjusted to reflect a fully serviced and leased Building for the purpose of making the ad...
Sample 1
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Operating Cost Reimbursement. Tenant shall pay to Landlord, as additional rent for Landlord's Operating Costs, an additional payment on the first day of each month occurring during the Term hereof one-twelfth (1/12) of the amount of estimated annual Landlord's Operating Costs and estimated annual Real Estate Taxes.
Sample 1Sample 2
Operating Cost Reimbursement. (i) Freeport shall be entitled to reimbursement of its actual operating costs incurred in rendering services under this Agreement (except for the services described in Section 5.5 hereinabove for which Freeport shall be compensated by the Marketing Fee described in Section 6.4 below) without duplication of any item of cost incurred under this Agreement and any other agreement between Freeport and Felmont. Charges from Freeport's Related Parties which are included in Operating Cost Reimbursement shall be no less favorable to Felmont than would be the case if such services were purchased in an arm's-length transaction; provided however, such charges from Related Parties shall in any event fully reimburse Freeport, without any profit, for any and all direct and indirect costs incurred. Freeport shall keep accurate records of such actual operating cost (including costs from Freeport's Related Parties or other third parties, but excluding G & A [subject to the provisions of Section 6.5 hereof] and depreciation) incurred each month in rendering the services described in Articles V, VII, VIII and XVI in respect of Felmont Sulphur. In this regard Freeport shall cause cost records to be kept for each activity center (e.g. purification, vatting, etc.) so that an average cost incurred per ton of all sulphur moved through such activity center during a month may be determined and charged proportionally to each quantity of sulphur moved through the activity center during such month. Such actual operating cost shall include the full cost of services rendered by any Freeport Employee specifically for the performance of this Agreement, the charges for such services shall reflect not only an allocation of such Freeport Employee's wages (including bonuses), but also a fair and equitable allocation of that Freeport Employee's benefits and departmental overhead (as opposed to G & A). Operating Cost Reimbursement shall include, at Freeport's option, Felmont's estimated proportionate share of Closure Costs of any Facility or Facilities, the amount of such accrual to be determined on a net present value basis or other basis which reflects Felmont's pre-payment of such estimated proportionate share of Closure Costs.
Sample 1Sample 2
Operating Cost Reimbursement. From and after the commencement date of this lease, Tenant shall pay to Landlord within (30) thirty days after Landlord gives a statement to Tenant, an amount equal to Tenants proportionate share (3.5%) on any increase or escalation in excess of the operating expenses over and above the base year established in this lease. Attached hereto as exhibit D is the operating expense budget for the base year 2002.
Sample 1
Operating Cost Reimbursement. Solely until SCE’s receipt of the Required Approval, Lessee shall reimburse SCE and its Affiliates and their respective successors and assigns (collectively, the “SCE Parties”) for the amount of any cost component of Additional Rent requested by SCE in the SCE Application that is disallowed by FERC in a final, unappealable decision for inclusion by SCE in its FERC rates (such decision, the “Disallowance Decision” and any such amount, the “Reimbursement Amount”). Following the date SCE receives the Disallowance Decision, SCE shall provide to Lessee a calculation of the Reimbursement Amount. Lessee shall pay to the applicable SCE Parties any Reimbursement Amount within 30 days after receipt of the applicable calculation by SCE.
Sample 1
Operating Cost Reimbursement 
Sample 1

Related to Operating Cost Reimbursement

  • Cost Reimbursement This payment method is based on an approved budget and submission of a request for reimbursement of expenses Xxxxxxx has incurred at the time of the request;

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • Operating Expenses Unless modified in accordance with Exhibit D, Landlord maintenance addendum, attached hereto, it is the intention of the parties and they hereby agree that this shall be a triple net Lease, and the Landlord shall have no obligation to provide any services, perform any acts or pay any expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises, and Tenant hereby agrees to pay one hundred percent (100%) of any and all Operating Expenses as hereafter defined for the entire term of the Lease and any extensions thereof in accordance with specific provisions hereinafter set forth. The term Operating expenses shall include all costs to Landlord of operating and maintaining the Building and related parking areas, and shall include, without limitation, real estate and personal property taxes and assessments, management fee, heating, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Building and related parking areas, unless expressly excluded from operating expenses. Notwithstanding the foregoing, operating costs (and Tenant's obligations in relation thereto) shall not include (i) any expense chargeable to a capital account or capital improvement, ground leases; principal or interest payments on any mortgage or deed of trust on the premises; (ii) any amount for which Landlord is reimbursed through insurance, by third persons, or directly by other tenants of the premises, (iii) repair costs occasioned by fire, windstorm or other casualty, (iv) any construction, repair or maintenance expenses or obligations that are the sole responsibility of Landlord (not to be reimbursed by Tenant), (v) leasing commissions and other expenses incurred in connection with leasing any other area located on the premises to any other party, (vi) any expense representing an amount paid to an affiliate or subsidiary of Landlord which is in excess of the amount which would be paid in the absence of such relationship, and (vii) costs of items and services for which Tenant reimburses Landlord or pays third persons directly.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Loss Reimbursement Subadviser shall reimburse the Account for any material error to the Fund's net asset value caused by Subadviser's breach of its standard of care, as set forth in the following sentence that is a direct cause of a delay in the accurate daily pricing of the Fund. In managing the Account, Subadviser shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.

  • Expense Reimbursements To the extent that any reimbursements payable pursuant to this Agreement are subject to the provisions of Section 409A of the Code, any such reimbursements payable to Executive pursuant to this Agreement shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another benefit.

  • Operating Expenses and Taxes Lessee and Lessor acknowledge and agree that commencing with the Second Extended Lease Term and continuing with any Extended Lease Term validly exercised thereafter, (x) the Lease provisions relating to payment of Taxes and Operating Expenses shall be converted from a Base Year computation to a straight net basis computation, and (y) Lessee shall be assuming the obligation of maintenance and repair described in Paragraph 11 below. In connection with the conversion from a Base Year to a net lease and Lessee’s assumption of the maintenance and repair obligations described in Paragraph 11 below, Lessee and Lessor wish to modify the terms and provisions of the Lease relating to Operating Expenses to account for such modifications and Lessee’s assumption of such obligations. In connection with the foregoing, Lessee and Lessor hereby acknowledge and agree that commencing on January 1, 2013, (i) the MOU shall have no further force or effect with respect to all periods from and after January 1, 2013 (the MOU shall remain in effect with respect to periods on or before December 31, 2012, except as modified by Xxxxxxxxxx 00 xxx 00 xxxxx), (xx) notwithstanding anything to the contrary contained in the Lease, Lessee’s obligations with respect to the payment of Lessee’s Percentage of Taxes and Lessee’s Percentage of Operating Expenses shall be computed without reference to a Base Year, with the effect that Lessee’s obligation for payment of Taxes during any Tax Year shall be payment of Lessee’s Percentage of the Taxes incurred with respect to such Tax Year and Lessee’s obligation for payment of Operating Expenses during any Lease Year for Operating Expenses shall be payment of Lessee’s Percentage of the Operating Expenses incurred with respect to such Lease Year for Operating Expenses, and (iii) Article 5 of the Original Lease shall be deleted in its entirety with respect to all periods from and after January 1, 2013 and replaced with the provisions of this Paragraph 10.

  • Expenses Reimbursement State Street shall be entitled to receive from the Fund on demand reimbursement for its cash disbursements, expenses and charges, excluding salaries and usual overhead expenses, as set forth in Schedule A.

  • Business Expense Reimbursements During the Term, the Company shall promptly reimburse Executive for Executive’s reasonable and necessary business expenses in accordance with the Company’s then-prevailing policies and procedures for expense reimbursement (which shall include appropriate itemization and substantiation of expenses incurred).

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