Base Operating Year definition

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

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Base Operating Year means the calendar year ending December 31, 2000.

Base Operating Year means calendar year 1998.

Examples of Base Operating Year in a sentence

By way of example, (i) if CPI has increased by 10%, in the aggregate, since the Base Operating Year, and (ii) the new category costs are $5,000 per annum in such first Operating Year, then the Operating Expenses for the Base Operating Year shall be increased by $4,500 per annum on account of such new category.
Landlord shall endeavor to provide L▇▇▇▇▇▇▇’s Estimate to Tenant not later than thirty (30) days before the commencement of any Operating Year (or portion thereof) occurring after the Base Operating Year.
Tenant shall pay to Landlord on the first day of each month during each Operating Year or portion thereof occurring after the Base Operating Year an amount equal to one-twelfth (1/12th) of Landlord’s Estimate, which shall be credited toward T▇▇▇▇▇’s Operating Payment for such Operating Year.

More Definitions of Base Operating Year

Base Operating Year means the calendar year 1996.

Base Operating Year means the calendar year in which occurs the Commencement Date.

Base Operating Year means the calendar year 2017.

Base Operating Year means the calendar year commencing January 1, 1997.

Base Operating Year means the calendar year ending December 31, 2005, except with respect to the Renewal Term the “Base Operating Year” shall mean the calendar year ending on December 31st of the calendar year in which the Fixed Expiration Date shall occur.

Base Operating Year means the Operating Year commencing on January 1, 2018 and ending on December 31, 2018.

Base Operating Year means calendar year 2008.