Base Year Operating Expenses means Operating Expenses that are actually incurred in the Base Year, as adjusted in accordance with this Lease.
Base Year Operating Expenses means (a) for Suite 400, the Operating Expenses (as defined in Paragraph 5.1.2) that are actually incurred in calendar year 2015, and (b) for Suite 300 and the Additional Space, the Operating Expenses that are actually incurred in calendar year 2017.
Base Year Operating Expenses means the Operating Expenses for the Operating Year ending December 31, 2009.
Examples of Base Year Operating Expenses in a sentence
It is hereby agreed that commencing in the calendar year “2020” and continuing for each calendar year thereafter (each such year being referred to hereinafter as the “Comparison Year”), Tenant shall pay to Landlord, as additional rent (hereinafter referred to as “Tenant’s Share of the Operating Expenses”), Txxxxx’s Proportionate Share of the amount by which the Operating Expenses for the Comparison Year actually exceed the Base Year Operating Expenses (hereinafter, the “Excess Operating Expenses”).
More Definitions of Base Year Operating Expenses
Base Year Operating Expenses means the Operating Expenses for the Operating Expense Base Year, as defined in Section A. 1 above.
Base Year Operating Expenses. The amount of Operating Expenses incurred with respect to the Base Year, determined in accordance with subsection 5.02(v) (including the grossing up thereof as provided therein).
Base Year Operating Expenses means the sum specified in Paragraph 1 hereof.
Base Year Operating Expenses means the Operating Expenses for the Operating Year ending December 31, 2014.
Base Year Operating Expenses means the Operating Expenses for the Operation Year ending December 31, 1997.
Base Year Operating Expenses. The amount of Operating Expenses incurred with respect to the Base Year. Tenant's Proportionate Share: 0.24% (computed on the basis of 95% occupancy).
Base Year Operating Expenses means Operating expenses for the calendar year 2006 (the “Base Year”) multiplied by Tenant’s Pro Rata Share of the Building or Tenant’s Pro Rata Share of the Office Space, as appropriate, and subject to a gross-up adjustment as set forth in Section 9(b)(6). Because this is a base year lease, Tenant’s first monthly payment of Additional Rent shall be for January 2007.