Examples of Base Operating Expense in a sentence
Prior to the end of the Base Operating Expense Year, and in advance of each calendar year thereafter during the Term, Landlord shall furnish Tenant with an estimate (which estimate may be changed by Landlord from time to time) of Tenant’s Proportionate Share of the Expense and Tax Increases for the ensuing calendar year (or portion thereof).
For each calendar year during which any part of the Term falls, Tenant shall pay to Landlord Tenant's Proportionate Share of the excess, if any, in Basic Operating Expenses for the Leased Premises for such year (the "Excess Operating Expenses") over the Base Operating Expense Amount.
Tenant shall pay to Landlord, as Additional Rent, its Proportionate Share as set forth in Section 1(a)(5) of any increase in the Basic Operating Expenses incurred by Landlord in the operation of the Building during any calendar year over the Base Operating Expense Amount specified in Section 1(a)(13).
Within a reasonable time after the end of each calendar year, Landlord shall furnish Tenant with a statement showing the Common Operating Costs actually paid or incurred by Landlord for such year less the Base Operating Expense, if any, and Tenant's Proportionate Share thereof ("Tenant's Actual Operating Cost"), which shall in no event be less than zero dollars ($0).
In the event that Operating Expenses (defined in Section 5.02 hereof) of the Building during any calendar year of the Term shall exceed the Base Operating Expense for the Building, Tenant shall pay to Landlord its proportionate share of the increase in such Operating Expenses over the Base Operating Expense.