Operating Expense Base. The “Operating Expense Base” (as that term is defined in Paragraph 3(a) of the Lease) with respect to the Additional Premises shall be the calendar year 2004. The “Initial Year” (as that term is defined in Paragraph 3(a) of the Lease) with respect to the Additional Premises shall mean the period of time from the Effective Date until the end of the calendar year 2003. The “Real Estate Taxes Base” (as that term is defined in Paragraph 3(a) of the Lease) with respect to the Additional Premises shall be the calendar year 2004. The Operating Expense Base, Initial Year and Real Estate Taxes Base with respect to the Original Premises shall remain as stated in the Lease and shall not be modified hereby.
Operating Expense Base. The Expense Stop specified in Section 1.12 of the Lease for the Ninth Amendment Expansion Area shall be the actual operating expenses for Calendar year 2013 (“Base Year 2013”) grossed up to reflect 95% occupancy. The treatment of operating expenses for the Existing Office Space consisting of 29,174 rentable square feet will remain as described in the existing Lease Agreement.
Operating Expense Base. The Expense Stop specified in Section 1.12 of the Lease shall become the actual operating expenses for Calendar year 2006 (“Base Year 2006”) grossed up to reflect 95% occupancy. Adjustments for Controllable operating expenses, excluding insurance and utilities, shall be capped at 3% per year, compounded annually. Adjustments for Tax expenses shall be capped at 10% per year, compounded annually.
Operating Expense Base. The Operating Expense Base in respect of the Expansion Premises shall be, subject to Section 2.6A(c) of the Lease, the actual amount of Operating Expenses Allocable to the Premises in respect of calendar year 2005.
Operating Expense Base. Base Year: 2011.
Operating Expense Base. The Expense Stop specified in Section 1.12 of the Lease shall be amended to the actual operating expenses for Calendar year 2015 (“Base Year 2015”) grossed up to reflect 95% occupancy.
Operating Expense Base. The amount, expressed in dollars per square foot, derived by dividing (a) the Operating Expenses for the Property during the calendar year 1997 by (b) the total number of square feet in the Building.
Operating Expense Base. Effective June 1, 1998, the Basic Cost ------------------------ Component, Tax Component and Utilities Component shall be modified to be the amount of Basic Costs, Tax Costs and Utility Costs for the calendar year 1998 calculated per square foot of Net Rentable Area in the Leased Premises.
Operating Expense Base. (i) For and with respect to the Existing Premises for each of Lease Years 1-10, an amount equal to the greater of (a) the product of $5.50 times the number of square feet of Gross Rentable Area of the Oliver Street Tower, or (b) the actual unextrapolated amount of Operating Expenses (as hereinafter defined) attributable to the Oliver Street Tower incurred xxxx xespect to calendar year 1992; (ii) for and with respect to the Oliver Street Tower Premises for the Extension Period, the actual unextrapolated amount of Operating Expenses attributable to the Oliver Street Tower incurred with respect to calendar year 1998; (iii) for and with respect to the Third Amendment Additional Premises, the actual unextrapolated Operating Expenses attributable to 131 Oliver Street incurred with respect to the twelve (12) month period immediately following the date on which Tenant first occupies the Third Amendment Additional Premises (or any part thereof); and (iv) for and with respect to the Fourth Amendment Additional Premises, the actual unextrapolated amount of Operating Expenses attributable to the Oliver Street Tower incurred with respect to calendar year 1998.
Operating Expense Base per Square Foot of Net Rentable Area. -------------------------------------------
