Base Costs definition

Base Costs means costs other than the amount of any additional liability.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Base Costs means Landlord’s Costs incurred for or attributable to the 2005 calendar year.

Base Costs. As used in this Lease, the term "Base Costs" shall mean Tenant's Percentage of Operating Expenses, Insurance Costs and Utilities Costs, respectively, incurred and paid by Landlord during calendar year 2014 (the "Base Year").

Examples of Base Costs in a sentence

• However, if any service provided for in Article 23(a) or any utility provided for in Article 23(b) is separately billed or separately metered within the Building, then the square footage so billed or metered shall be subtracted from the denominator and the Lessee's proportionate share for such service and/or utility shall be separately computed, and the Base Costs for such item shall not include any charges attributable to said square footage.

• If, with respect to Operating Cost Escalation, as established in Article 23(a) hereof, and Utility and Energy Cost Escalation, as established in Article 23(b) hereof, the Building is less than ninety-five percent (95%) occupied during the establishment of the respective Base Periods, then the Base Costs incurred with respect to said Operating Cost or Utility and Energy Cost shall be adjusted during any such period within the Base Period so as to reflect ninety-five percent (95%) occupancy.

• In addition, beginning January 1, 2006 (the “Pass-Through Commencement Date”), and continuing for each subsequent calendar year or portion thereof during the Term, Landlord’s Costs shall be passed through to Tenant based on the actual increase over Base Costs.

• In addition, commencing with the Pass-Through Commencement Date and thereafter simultaneously with each monthly payment of Basic Monthly Rent hereunder for the balance of the Term, Tenant shall pay to Landlord an estimated amount of Additional Rent on account of Landlord’s Costs above Base Costs.

• The Subcontractors compensation shall be a mark- up of ten percent (10%) of the Sub-subcontractor’s Base Costs for his overhead.

More Definitions of Base Costs

Base Costs means all capi- tal and operating costs associated with Developing, delivering, and owning the

Base Costs means the costs of the Staffing Requirements as agreed to by the Manager and CDS on no less than an annual basis which, for the initial purposes hereof, shall be the lesser of (i) all estimated employment expenses related to personnel employed by the Manager for Real Estate Assets in accordance with the Annual Business Plan and Budget, including salaries, wages, payroll taxes and the costs of employee benefit plans, or (ii) the actual employment expenses related to personnel employed by the Manager that are dedicated to providing services to CDS Entities hereunder; provided, that, Base Costs shall not include (i) the personnel or other expenses of CHCI’s homebuilding division or any of its Affiliates (other than Manager) (ii) the personnel or other expenses of CHCI’s services division or any of its Affiliates (other than Manager) including CDS Capital Management, L.C., or (iii) any interest, dividend or principal obligations of CHCI and its Affiliates as of the Effective Date, unless expressly set forth in the Annual Business Plan and Budget approved by the Manager and CDS..

Base Costs means all capital and operating costs associated with Developing, delivering, and owning the project and related services over a pre-determined period of time.

Base Costs means Tenant's Share of Capped Operating Expenses for calendar year 2008, determined as aforesaid, assuming the Base Rent Commencement Date had occurred on January 1, 2008. For calendar year 2009, Tenant shall not be required to pay that portion, if any, of the actual Tenant's Share of Capped Operating Expenses for such calendar year which exceeds 105.00% of the Base Costs amount (105.00% of the Base Costs amount being the Cap Amount applicable for the calendar year 2009). For each calendar year subsequent to the calendar year 2009, Tenant shall not be required to pay that portion, if any, of the actual Tenant's Share of Capped Operating Expenses for such calendar year which exceeds 105.00% of the Cap Amount applicable for the immediately preceding calendar year. Notwithstanding the foregoing, to the extent the actual Tenant's Share of Capped Operating Expenses for any calendar year exceeds the Cap Amount applicable for such calendar year (an "Excess"), such Excess shall be recoverable by Landlord from Tenant to the extent the actual Tenant's Share of Capped Operating Expenses for any one or more calendar years is less than the Cap Amount applicable for any such one or more calendar years. The amount of any Excess recoverable by Landlord pursuant to Section 4.2(c) of this Lease shall be payable to Landlord within 30 days following determination from time to time, based on final reconciliation of actual Capped Operating Costs for any calendar year, that Landlord is entitled to recovery of any portion of such Excess.

Base Costs means Landlord's Costs incurred for or attributable to the 1998 calendar year. -

Base Costs for any period shall mean the sum of (i) Unit costs and expenses, other than the costs of abandoning Unit ▇▇▇▇▇ and Unit Facilities, anticipated to be incurred for such period that would be allocated as “charges” for purposes of either Section 4(a)(2) of the Contractors’ Agreement or Section 4(a)(2) of the Tract No. 2 Agreement if the Program were not implemented, as calculated in the manner described in Exhibit B attached hereto, and (ii) any Unit costs or expenses actually incurred during such period by reason of extraordinary events that materially impact Unit operations, including but not limited to (by way of example) a significant change in land use for a non-Unit development project such as an amusement park, an act of God such as a major earthquake, an extraordinary and material expense such as the replacement of all or most of the Unit pipelines, or an extraordinary and material change in environmental or land use regulation, which costs or expenses are allocated as “charges” for purposes of either Section 4(a)(2) of the Contractors’ Agreement or Section 4(a)(2) of the Tract No. 2 Agreement, but only to the extent such costs or expenses would have been incurred if the Program had not been implemented.

Base Costs means the amount of Direct Costs incurred by Landlord in the calendar year 2015. Tenant shall pay, as Additional Rent, Tenant’s Proportionate Share of any increase in Direct Costs in any subsequent year which exceeds Base Costs.