Area Operating Expenses definition

Area Operating Expenses. N/A percent ( .%) ("Lessee's Share") as determined by [ ] prorata square footage of the Promises as compared to the total square footage of the Building or [ ] other criteria as described in Addendum _____.

Area Operating Expenses. Thirteen percent (13.49%) ("Lessee's Share") as determined by prorata square footage of the Premises as compared to the total square footage of the Building or |_| other criteria as described in Addendum _____.

Area Operating Expenses. Common Area Operating Expenses" shall not include and Lessee shall in no event have any obligation to perform or to pay directly, or to reimburse Lessor for, all or any portion of the following repairs, maintenance, improvements, replacements, premiums, claims, losses, fees, charges, costs and expenses (collectively, "Costs"): (a) Costs occasioned by the act, omission or violation of any Applicable Law by Lessor, any other occupants of the Building, the Industrial Center, or their respective agents, employees or contractors; (b) Costs occasioned by fire, acts of God, or other casualties or by the exercise of the power of eminent domain; (c) Costs to correct any construction defect in the Premises or the Industrial Center or to comply with any Applicable Law on the Commencement Date; (d) Costs of any renovation, improvement, painting or redecorating or any portion of the Industrial Center not made available foil Lessee's use; (e) Costs incurred in connection with negotiations or disputes with any other occupant of the Industrial Center and Costs arising from the violation by Lessor or any occupant of the Industrial Center (other than Lessor) of the terms and conditions of any lease or other agreement; (f) insurance costs for coverage not customarily paid by tenants of similar projects in the vicinity of the Premises (including earthquake insurance), insurance deductibles, and co-insurance payments (g) Costs incurred in connection with the presence of any Hazardous Substances, except to the extent caused by the release or emission of the Hazardous Substance in question by Lessee; (h) Costs which could properly be capitalized under generally accepted accounting principles; (i) Costs relating to the repair, maintenance and replacement of the structural elements of the Building and the Industrial Center; j) interest, charges and fees incurred on debt, payments on mortgages and rent under ground leases; (k) any fee, profit or compensation retained by Lessor or its affiliates for management and administration of the Industrial Center in excess of the management fee which would be charged by the professional management service for operation of comparable projects in the vicinity of the Building; and (1) reserves set aside for maintenance or repair of the Common Areas.

Examples of Area Operating Expenses in a sentence

• Payments will be applied first to accrued late charges and attorney's fees, second to accrued interest, then to Base Rent and Common Area Operating Expenses, and any remaining amount to any other outstanding charges or costs.

• Except as otherwise provided in Paragraph 10.3, Lessor shall pay the Real Property Taxes applicable to the Project, and said payments shall be included in the calculation of Common Area Operating Expenses in accordance with the provisions of Paragraph 4.2.

• Notwithstanding Paragraph 10.2 hereof, Lessee shall, however, pay to Lessor at the time Common Area Operating Expenses are payable under Paragraph 4.2, the entirety of any increase in Real Property Taxes if assessed solely by reason of Alterations, Trade Fixtures or Utility Installations placed upon the Premises by Lessee or at Lessee's request or by reason of any alterations or improvements to the Premises made by Lessor subsequent to the execution of this Lease by the Parties.

• Common Area Operating Expenses shall not include Real Property Taxes specified in the tax assessor's records and work sheets as being caused by additional improvements placed upon the Project by other tenants or by Lessor for the exclusive enjoyment of such other Tenants.

• Table 7 reports results conditional on LPA fixed effects, time-varying counts of LPA households, LPA wages, and additional demographic controls that are only available at the LPA level (share with first degree or equivalent, share aged 16- 44, and share aged 45+), as well as linear building type and vintage trends.

More Definitions of Area Operating Expenses

Area Operating Expenses. The current estimate for the period December 1, 2021 - December 31, 2021 is $640 .

Area Operating Expenses. The current estimate for the period is $58.80/ Month .

Area Operating Expenses six point eight percent ( 6.8 %) ("Lessee's Share").

Area Operating Expenses six point five percent (6.5 %) ("Lessee's Share") as determined by prorata square footage of the Premises as compared to the total square footage of the Building.

Area Operating Expenses eleven point sixty four percent (11.64%) ("Lessee's Share") as determined by [ x ] prorata square footage of the Premises as compared to the total square footage of the buildings of the industrial park.

Area Operating Expenses. The current estimate for the period August 1, 2021 through August 31, 2021 is $200.00 .

Area Operating Expenses. The current estimate for the period 250.00 is October - November 2021 (billed every 2 months) .