Base Utility Expenses definition

Base Utility Expenses means the amount of Utility Expenses for the Base Year.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Base Utility Expenses. Utility Expenses for the Base Period,.

Examples of Base Utility Expenses in a sentence

Likewise, the Base Operating Expenses and Base Utility Expenses for each respective Extension Period shall be the Operating Expenses and Utility Expenses, respectively for the Operating Year in which the first day of the applicable Extension Period shall fall.
Tenant shall pay Landlord, as Additional Rent, Tenant’s Share of Operating Expenses and Tax Expenses attributable to each Comparison Year, to the extent each of such expense categories exceeds Base Operating Expenses, Base Insurance Expenses, Base Utility Expenses, and Base Tax Expenses, respectively (the “Expense Increases”), and each Expense Category shall be treated separately for the purpose of making such determinations.
Base Utility Expenses: Utility Expenses for the calendar year ending December 31, 2005.
If during any Computation Year, Operating Expenses, Insurance Expenses, Utility Expenses or Taxes decrease below the amount of Base Operating Expenses, Base Insurance Expenses, Base Utility Expenses or Base Taxes, respectively, Tenant’s Proportionate Share of the applicable passthrough for such Computation Year shall be $0, and Tenant shall not be entitled to any decrease in Base Rent or credit against amounts due hereunder.
If at any time during the Term Landlord shall determine that installation of a separate electrical meter for the Premises is necessary or desirable as a result of Tenant’s electrical usage, Tenant shall pay the cost of installing and maintaining such meter and the cost of Tenant’s electrical usage as measured by such meter, with an appropriate credit for the cost incurred by Landlord in providing the electricity included in the Base Utility Expenses.

More Definitions of Base Utility Expenses

Base Utility Expenses means the amount of Utility Expenses for the Base Year. For purposes of determining Base Utility Expenses, Utility Expenses shall not include any one time special charges, costs or fees or any extraordinary charges or costs incurred in the Base Year only, including, without limitation, utility rate increases and other costs arising from extraordinary market circumstances such as by way of example, boycotts, black-outs, ▇▇▇▇▇-outs, the leasing of auxiliary power supply equipment, embargoes, strikes or other shortages of services or fuel (whether or not such shortages are deemed actual or manufactured), or any conservation surcharges, penalties or fines incurred by Landlord. Furthermore, notwithstanding any contrary provision in this Lease, if at any time after the Commencement Date, the amount of Utility Expenses decreases, then for purposes of the calendar year in which such decrease in Utility Expenses occurs, and for all subsequent calendar years, Base Utility Expenses shall be reduced by an amount equal to such decrease in Utility Expenses. Such decrease in Base Utility Expenses shall not be limited to the initial decrease, if any, but may, at Landlord's election, be subject to decrease annually upon each subsequent decrease in Utility Expenses.

Base Utility Expenses means $3.50 per square foot of Rentable Area. The parties acknowledge that Lessor's estimate of the amount of Utility Expenses to be incurred for calendar year 2007 is in excess of this amount.

Base Utility Expenses means the Utility Expenses for the calendar year in which the Use Agreement term commences, provided that the increase in any year of the renewal term may not exceed five percent (5%) per year. COTC's proportionate share of the increase in Utility Expenses shall be equal to the useable square feet in the Premises (defined under section 1.01(B)), divided by the useable square feet in the Building, which is 13.74%. For purposes of calculating the Base Utility Expenses for the Premises, the Utility Expenses for the calendar year in which the Use Agreement term commences will be determined on a monthly basis and each month's Utility Expenses for the Building shall be divided by the number of useable square feet in the Building which are occupied as of the last day of each month to arrive at the Utility Expenses per occupied useable square foot per month and the total of the Utility Expenses per occupied useable square foot per month for all calendar months in such calendar year shall be totaled to arrive at the Utility Expenses per occupied useable square foot for such year and such amount shall be multiplied by the useable square feet in the Premises to determine the Base Utility Expenses for the Premises. The amount of COTC's proportionate share of the increase, if any, in Utility Expenses for a particular calendar year in any renewal term over the Base Expenses may be estimated annually by City and written notice of such estimate shall be given to COTC at least ten

Base Utility Expenses means the amount of Utility Expenses for the Base Year. Notwithstanding anything to the contrary contained in this Lease, Base Utility Expenses shall not include increases in utility costs due to extraordinary circumstances, including conservation, bond and/or debt repayment, surcharges, one-time charges, boycotts, strikes, embargoes or other events resulting in shortages, unless such increases carry-forward into the next Computation Year, in which event Base Utility Expenses shall contain such increases until such increases are eliminated. (J) “Computation Year” means each twelve (12) consecutive month period commencing January 1 of each year during the Term following the Base Year. 8

Base Utility Expenses. Utility Expenses for the calendar year ending December 31, 2000, adjusted in accordance with Section 14.27 with respect to each Extension Period. PREMISES RENTABLE AREA: Agreed to be approximately 47,909 rentable square feet. PERMITTED USES: General Office and as ancillary thereto, to the extent permitted by applicable laws, storage of non-flammable, non-hazardous materials in furtherance of the business of the Original Tenant named in this Lease. ESCALATION FACTOR: 64.45%, as computed in accordance with the Escalation Factor Computation.

Base Utility Expenses means the greater of the following amounts: (1) Utility Expenses for 2009; (2) Utility Expenses for the Base Year; or (3), with respect to the Building, Utility Expenses for 2010 for a comparable building in the Project (other than the Building).

Base Utility Expenses means the amount of Utility Expenses for the Base Year. Notwithstanding anything to the contrary contained in this Lease, Base Utility Expenses shall not include increases in utility costs due to extraordinary circumstances, including, without limitation, conservation, bond and/or debt repayment surcharges, charges of a one-time nature, boycotts, strikes, embargoes or other events resulting in shortages. In addition, in the event that, in any Computation Year after the Base Year, Landlord obtains a decrease in the unit cost of electricity being provided to the Building through its negotiations with utility providers or otherwise (“Reduced Electrical Rate”), Landlord shall have the right to revise the electrical cost component of the Utility Expenses for the Base Year to be equal to the amount such electrical cost component would have been had the unit cost of electricity during the Base Year been equal to the Reduced Electrical Rate.