Base Operating Expense Year definition

Base Operating Expense Year means the calendar year 2018.

Base Operating Expense Year means the 2022 calendar year.

Base Operating Expense Year means with respect to each Premises Portion, the calendar year in which the Commencement Date therefor has occurred.

Examples of Base Operating Expense Year 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 purposes of calculating the Operating Expenses for the Base Operating Expense Year, any fee or expenditure that otherwise constitutes an Operating Expense and that is paid or payable to any Affiliate of Landlord shall not be less than the amount that would be reasonably expected to be paid in the absence of such relationship.

• The Base Operating Costs as referred to on Page 2 of the Basic Lease Information shall be changed to: Base Operating Expense Year - 2022.

• The Federal share of compensation under the Program to be paid by the Secretary for insured losses of an insurer during the Transition Period and each Program Year through Program Year 4 shall be equal to 90 percent, and during Program Year 5 and each Program Year thereafter shall be equal to 85 percent of that portion of the amount of such insured losses that exceeds the applicable insurer deductible required to be paid during such Transition Period or such Program Year.

• For every Operating Expense Year, Tenant shall pay to Landlord an amount (“Tenant’s Operating Expense Payment”) equal to Tenant’s Operating Expense Share of the excess of Operating Expenses for such Operating Expense Year over Operating Expenses for the Base Operating Expense Year.

More Definitions of Base Operating Expense Year

Base Operating Expense Year means (i) if the Rent Commencement Date occurs before July 1, the calendar year in which the Rent Commencement Date occurs or (ii) if the Rent Commencement Date occurs on or after July 1, then the calendar year immediately following the calendar year in which the Rent Commencement Date occurs.

Base Operating Expense Year shall have the meaning set forth in Section 4.03A(i) hereof.

Base Operating Expense Year means calendar year 2007; provided, however, if the Commencement Date has not occurred by June 30, 2007 (for any reason other than Tenant Delay or Force Majeure, in which event such date shall be extended as provided below), then if the Commencement Date occurs during the six (6) month period (a) between July 1, 2007 and December 31, 2007, the Base Operating Expense Year shall be the twelve (12) month period commencing on July 1, 2007 and ending on June 30, 2008, (b) between January 1, 2008 and June 30, 2008, the Base Operating Expense Year shall be calendar year 2008, (c) between July 1, 2008 and December 31, 2008, the Base Operating Expense Year shall be the twelve (12) month period commencing on July 1, 2008 and ending on June 30, 2009 and (d) for each subsequent six (6) month period, if applicable, the Base Operating Expense Year shall be similarly adjusted (it being agreed that each such six (6) month period shall be extended by the same number of days that such June 30, 2007 date is extended due to Tenant Delay or Force Majeure as provided below (by way of example only, if the June 30, 2007 date is extended by two (2) months, the six (6) month time period of July 1, 2007 to December 31, 2007 would be deemed to be September 1, 2007 to February 1, 2008)). Solely for the purposes of this definition of Base Operating Expense Year, if the Commencement Date has not occurred by June 30, 2007 due to Tenant Delay or Force Majeure, then such June 30, 2007 date shall (A) be extended on a day for day basis for each day of Tenant Delay and (B) (i) be extended on a day for day basis for each of the first sixty (60) days that Commencement Date does not occur as a result of Force Majeure (ii) be extended on a one-half day for day basis for each of the next sixty (60) days of Force Majeure and (iii) not be extended due to any further Force Majeure after one hundred twenty (120) days of Force Majeure; it being agreed, however, that any such extension pursuant to clauses (A) and (B) is not intended to be cumulative (nor double counted), and that if more than one Tenant Delay and/or Force Majeure occur simultaneously, then to the extent of such simultaneous occurrence such delays (whether caused by Tenant Delay, by Force Majeure or both) shall be deemed to run concurrently and not consecutively and, in the event of a simultaneous occurrence of Tenant Delay and Force Majeure, the delay shall be deemed to be Tenant Delay and not Force Majeure.

Base Operating Expense Year shall be the calendar year commencing January 1, 1997.

Base Operating Expense Year. (as such term is defined in Section 2.1(B) of the Lease) shall mean the 2019 calendar year.

Base Operating Expense Year means the calendar year 2019.

Base Operating Expense Year means the calendar year 2016.