Base Operating Factor definition

Base Operating Factor. The Operating Expenses applicable to the Real Property equal to $583,835.00.

Base Operating Factor means Landlord’s actual Operating Expenses for the 2010 calendar year.

Base Operating Factor means the Operating Expenses for the period covered by the third Lease Year.

Examples of Base Operating Factor in a sentence

• Landlord may also at any time and from time to time, furnish to Tenant a revised Landlord’s Statement or Statements showing separately or together (a) a comparison of the Taxes payable for the Comparison Year with the Base Tax Amount and (b) a comparison of the Operating Expenses for the Comparison Year with the Base Operating Factor.

• For purposes of determining the amounts payable by Sublessee pursuant to this Paragraph 4: Base Operating Factor shall mean the Operating Expenses for the 2004 Operating Year, and Base Tax Factor shall mean the fiscal tax year beginning on July 1, 2004 and ending June 30, 2005.

• Tenant shall pay as Additional Rent for each Escalation Year an amount "Tenant's Operating Payment"), calculated as follows: In the case of each Escalation Year a sum equal to Tenant's Proportionate Share of the amount by which Operating Expenses for such Escalation Year exceed the Base Operating Factor.

More Definitions of Base Operating Factor

Base Operating Factor. As defined in Section 7.1.

Base Operating Factor means Operating Expenses, as hereinafter defined, for the calendar year 2013.

Base Operating Factor with respect to the 10th and 11th Floors only, shall mean the Operating Expenses for the 2017 calendar year.

Base Operating Factor means the Operating Expenses paid or incurred with respect to the Operating Year beginning January 1, 2004.

Base Operating Factor means the Operating Expenses paid or incurred with respect to the Operating Year beginning January 1, 2007. Fair market rental value shall be determined by taking into account (1) the condition of the premises in its then “as is” condition, (2) that Landlord has no obligation to perform any work to prepare the Premises for Tenant’s occupancy or to reimburse Tenant for any Alterations to be made by Tenant, (3) that Landlord has no obligation to give Tenant any free rent during the Renewal Term or any other rental concessions, and (4) that the Base Tax Factor and Base Operating Factor will be changed, but without taking into account the fact that (x) the Premises are then encumbered by this Lease giving Tenant the right to extend the Term and (y) Landlord is not paying a full brokerage commission with respect to the Renewal Term as if such Term were a new lease of the Premises. Subject to clause (iv) above, during the Renewal Term, all Escalation Rent that Tenant is obligated to pay under this Lease during the initial Term hereof shall continue without interruption, it being the intention of the parties hereto that the Renewal Term shall be deemed a part of and continuation of the initial Term of this Lease.

Base Operating Factor means Landlord's actual Operating Expenses for the 1996 calendar year.

Base Operating Factor means the Operating Expenses paid or incurred for the calendar year commencing January 1, 2022 and ending December 31, 2022.