Examples of Base Operating Expenses in a sentence

On or about the first (1st) anniversary of the Commencement Date and thereafter within ninety (90) days following each succeeding anniversary of the Commencement Date during the Term, Landlord shall determine or estimate the amount by which Xxxxxxxx’s Operating Expenses for the Lease Year in question will exceed the Base Operating Expenses (“Landlord’s Estimated Operating Expenses”) and shall submit such information to Tenant in a written statement (“Landlord’s Expense Statement”).

More Definitions of Base Operating Expenses

Base Operating Expenses shall have the meaning set forth in Section 27.1 hereof.

Base Operating Expenses means all Operating Expenses incurred or payable by Landlord during the calendar year specified as Tenant’s Base Year in Item 8 of the Basic Lease Provisions.

Base Operating Expenses is hereinbefore defined in Section 1.1. Base Operating Expenses shall not include (i) market-wide cost increases due to extraordinary circumstances, including but not limited to Force Majeure (as defined in Section 6.1), conservation surcharges, security concerns, boycotts, strikes, embargoes or shortages and (ii) the costs of any Permitted Capital Expenditures.

Base Operating Expenses means the total of Operating Expenses paid by Landlord during calendar year 2004 (the “Base Expense Year”), as adjusted under § 4.6 below.

Base Operating Expenses means Operating Expenses for the Base Year.

Base Operating Expenses. With respect to the Third Additional Premises only, Landlord’s Operating Expenses (as hereinafter defined in Section 2.6) for calendar year 2018, being the period from January 1, 2018 through December 31, 2018.” The definition of Base Operating Expenses shall remain unchanged with respect to the Existing Premises.

Base Operating Expenses means the Operating Expenses for the Base Expense Year.