Base Year Operating Expenses definition

Base Year Operating Expenses means the Operating Expenses for the Operating Year ending December 31, 2014.

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 the Operating Expenses (as defined in Paragraph 5.1.2) that are actually incurred in calendar year 2015.

Examples of Base Year Operating Expenses in a sentence

• Furthermore, Landlord shall have the right to reasonably decrease the amount of the Base Year Operating Expenses for purposes of calculating Increased Operating Expenses to eliminate the effect of abnormally high costs, or unusual costs, of a particular type or types (such as, by way of example, abnormally high energy costs associated with the “energy crisis” of 2001) occurring during the Base Year.

• If due to a change in the types of costs being incurred by Landlord as Operating Expenses (such as, for example, the commencement or cessation of security services—but not a mere change in how a particular cost is handled—such as going from an in-house to an outside landscaping service), the Base Year Operating Expenses need to be adjusted to eliminate the effect of such change, Landlord shall reasonably adjust the Base Year Operating Expenses and notify Tenant of such change in writing.

• Tenant shall in no event be entitled to any credit if Operating Expenses in any year are less than Base Year Operating Expenses.

• If the Tenant's total Operating Expense Escrow Payments are less than Tenant's Percentage of the increase in Operating Expenses over Base Year Operating Expenses, Tenant shall pay the difference to Landlord upon demand; if the total Operating Expense Escrow Payments of Tenant are more than Tenant's Percentage of the increase in Operating Expenses over Base Year Operating Expenses, Landlord shall retain such excess and credit it to Tenant's Operating Expense Payments.

• Prior to or at any time after the commencement of each calendar year during the Term following the Base Year, Landlord may provide Tenant with notice of Landlord’s reasonable estimate of the amount by which the then current year’s Operating Expenses are projected, if at all, to exceed the Base Year Operating Expenses (the “Projected Increase in Operating Expenses”).

More Definitions of Base Year Operating Expenses

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 (a) for the Existing Space, the Operating Expenses (as defined in Paragraph 5.1.2) that are actually incurred in calendar year 2015, and (b) for the Additional Space, the Operating Expenses that are actually incurred in calendar year 2017.

Base Year Operating Expenses means the actual Operating Expenses incurred in the Calendar Year 2019 (adjusted for occupancy as specified in section 5.2.4. below). It is understood and agreed by Txxxxx that Lxxxxxxx has not made any representation that Base Year Operating Expenses will equal, approximate or exceed the actual Operating Expenses for any Lease Year.

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 means the Operating Expenses for the calendar year 1997.

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.