Base Year Expenses means the Operating Expenses for the Base Year (as grossed up pursuant to Section 5.1 above).
Base Year Expenses means the Expenses incurred during calendar year 1996.
Base Year Expenses means the Base Year Expense Stop ------------------ multiplied by the square feet of Rentable Area held for lease in the Building.
Examples of Base Year Expenses in a sentence
Further, if the Building is less than 90% occupied in any year during the Term, including the Base Year, Expenses for such year may, at Landlord’s election, be adjusted to the amount such Expenses would have been if the Building had been 90% occupied.
The Annual Rent and Monthly Installment of Rent shall be adjusted pursuant to Article 4 of the Lease and Tenant shall pay during the Term Tenant’s Proportionate Share of the excess Expenses and Taxes over Base Year (Expenses) (calendar year 2010) and Base Year (Taxes) (calendar year 2010) respectively (subject to Section 4.2 of the Original Lease), together with all other charges and payments due under the Lease as therein set forth.
Expenses shall also include the amounts paid to subsidize the operation of any cafeterias or restaurants in Riverfront Office Park, however, if an amount for this item is included in the Base Year (Expenses) amount and subsequently during the Term the subsidy is reduced to below the amount included in the Base Year (Expenses) amount, the Base Year (Expenses) amount will be reduced accordingly.
If Landlord eliminates from any subsequent year Expenses a recurring category of Expenses previously included in Base Year Expenses, Landlord may subtract such category from Base Year Expenses commencing with such subsequent year.
Base Year Expenses shall not include market-wide cost increases (including utility rate increases) due to extraordinary circumstances, including, but not limited to, Force Majeure Events, boycotts, strikes, conservation surcharges, embargoes or shortages.
More Definitions of Base Year Expenses
Base Year Expenses means the actual amount of all Operating Expenses defined in Subparagraph 6(b) incurred in the Base Year, as defined in Subparagraph 1(c).
Base Year Expenses as used herein, means the greater of $4.60/square foot/year or the actual total of Tenant’s Proportionate Share of Operating Expenses and Taxes during the Base Year. The term “Expenses”, as used herein, shall mean “Operating Expenses” and “Taxes”, as both of those terms are defined below. Beginning as of the first day of the second calendar month following the Base Year, and continuing for every month thereafter during the Term, Tenant shall be responsible for payment, as Additional Rent due on a monthly basis, any positive difference between Tenant’s Proportionate Share of actual Expenses, calculated on a monthly basis, and the Base Year Expenses, calculated on a monthly basis (the “Adjusted Expenses”). The Adjusted Expenses shall be measured and determined by Landlord on a monthly basis, and Landlord shall send Tenant a statement showing the amount of Adjusted Expenses due from Tenant. In no event shall Tenant be responsible for paying Adjusted Expenses for any particular month in excess of the greater of one percent (1%) or the Consumer Price Index – All Urban Consumers, as published by the United States Department of Labor, Bureau of Labor Statistics for that month (“CPI”); provided, however, that if any increase in Adjusted Expenses is attributable to changes in Tenant’s business practices including, without limitation, increased density of office space resulting from Tenant maintaining in excess forty-five (45) employee workspaces in the Demised Premises, the addition of equipment or devices not described in paragraph 7 above, or similar circumstances, then the Adjusted Expenses due from Tenant shall not be limited.
Base Year Expenses means the sum total of the following expenses ("Expenses") attributable to the first Lease Year: All real estate taxes and special assessments levied on the real property of which the Premises are a part, fire and casualty insurance premiums, utilities that are not separately metered to tenants, and all other expenses of maintaining and operating the Building and the property of which the Building is a part to be borne by Landlord pursuant to Section 7 or otherwise. Tenant agrees to pay to Landlord as additional rent in all Lease Years after the first Lease Year. Tenant's pro-rata share (based on square footage) of the amount by which the sum of the foregoing Expenses exceed Base Year Expenses. Expenses shall not include costs incurred in connection with capital improvements, except to the extent that capital improvements result in a decrease in Expenses. Moreover, it is not intended that Tenant be required to pay its share of any increased tax assessments resulting from additional improvements constructed for other tenants in the Building after the Building has been fully completed and assessed. Landlord shall be entitled to estimate the total amount of Expenses to be paid by Tenant during each Lease Year and, upon notice to Tenant of such estimate, to collect such estimate in twelve (12) equal installments, each such installment to be due and payable with each monthly rental installment payable under this Lease. Within a reasonable time after the end of each Lease Year, Landlord shall submit to Tenant a statement of the actual amount of Expenses and amount due from Tenant hereunder for such Lease Year, and within thirty (30) days after receipt of such statement, Tenant shall pay the difference between the actual amount owed and the estimates paid during such Lease Year, or in the event of overpayment, Landlord shall credit the amount of such overpayment toward the next monthly rental installments. Tenant may review Landlord's records relating to Operating Expenses, at Tenant's expense, during normal business hours.
Base Year Expenses means the expenses checked under A(1) incurred by Landlord for the calendar year 2005. "Monthly base-year expenses" means base-year expenses divided by 12. (3) "Roof and Structural Expenses" means the cost to maintain, repair, and replace the Property's structural and common area components including the Property's foundation, load-bearing walls, roof and roof components (for example, roof covering, deck, flashing, and skylights), and parking lot.
Base Year Expenses. The total amount of actual Operating Expenses incurred with respect to the Building during the 1999 calendar year. The foregoing Basic Lease Information and definitions are hereby incorporated into and made a part of the lease identified hereinabove. Each reference in the lease to any of the information and definitions set forth in the Basic Lease Information shall mean and refer to the information and definitions hereinabove set forth and shall be used in conjunction with and limited by all references thereto in the provisions of the lease. In the event of any conflict between any Basic Lease Information and the lease, the lease shall control. LANDLORD: TENANT: MERCANTILE PARTNERS, L.P., FLASHNET COMMUNICATIONS, INC., a Texas limited partnership a Texas corporation By: Mercantile Corporation By: /s/ X. Xxxxx Xxxxxx of Fort Worth, a Texas Printed Name: X. Xxxxx Xxxxxx corporation, General Title: President Partner By: /s/ Xxxxxxx Xxxxxxx --------------------------- Printed Name: Xxxxxxx Xxxxxxx ----------------- Title: Vice President ------------------------ TABLE OF CONTENTS Page 1. DEFINITIONS AND BASIC PROVISIONS. . . . . . . . . . . . . . . . . . . . . . . .1
Base Year Expenses means the average of the Expenses for 2014 and the Expenses for 2015, the term “Base Year Insurance Expenses” shall mean the average of the Building Insurance Expenses for 2014 and the Building Insurance Expenses for 2015, and the term “Base Year Energy Expenses” shall mean the average of the Building Energy Expenses for 2014 and the Building Energy Expenses for 2015.
Base Year Expenses means the amount of Property Expenses for the Base Year.