Building Direct Expenses definition

Building Direct Expenses means “Building Operating Expenses” and “Building Tax Expenses”, as those terms are defined in Sections 4.2.3 and 4.2.4, below, respectively.

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Building Direct Expenses means Building Operating Expenses and Building Tax Expenses (as defined below).

Building Direct Expenses means the portion of Direct Expenses, as equitably determined by Landlord, which is attributable solely to the Building (as opposed to the Project as a whole or either particular phase of the Project).

Examples of Building Direct Expenses in a sentence

Landlord shall give to Tenant within one hundred eighty (180) days following the end of each Expense Year, a statement (the “Statement”), which shall state the Building Direct Expenses incurred or accrued for such preceding Expense Year, and which shall indicate the amount of the Excess.
Accordingly, as set forth in Section 4.2 above, Direct Expenses (which consists of Operating Expenses and Tax Expenses) are determined annually for the Project as a whole, and a portion of the Direct Expenses, which portion shall be determined by Landlord on an equitable basis, shall be allocated to the tenants of the Building (as opposed to the tenants of any other buildings in the Project) and such portion shall be the Building Direct Expenses for purposes of this Lease.
If for any Expense Year ending or commencing within the Lease Term, ▇▇▇▇▇▇’s Share of Building Direct Expenses for such Expense Year exceeds Tenant’s Share of Building Direct Expenses applicable to the Base Year, then Tenant shall pay to Landlord, in the manner set forth in Section 4.4.1, below, and as Additional Rent, an amount equal to the excess (the “Excess”).
Even though the Lease Term has expired and ▇▇▇▇▇▇ has vacated the Premises, when the final determination is made of Tenant’s Share of Building Direct Expenses for the Expense Year in which this Lease terminates, if an Excess is present, Tenant shall immediately pay to Landlord such amount.
The amount of Capital Expenses incurred by Landlord, as well as Tenant’s Share of such Capital Expenses, shall be set forth on each Statement and each Estimate Statement delivered by Landlord to Tenant and Tenant shall pay Tenant’s Share of such Capital Expenses at the same time and in the same manner as Tenant shall pay Tenant’s Share of Building Direct Expenses.

More Definitions of Building Direct Expenses

Building Direct Expenses means “Operating Expenses” and “Tax Expenses”, as those terms are defined in Sections 4.2.3 and

Building Direct Expenses percentage is that portion of the tenant's space as it relates to total space available to rent in the building. The "Common Area Direct Expenses" percentage is that portion of the tenant's space as it relates to the space available to rent in all of the completed buildings, which shall be adjusted downward as additional buildings are completed. Landlord shall bill ▇▇▇ant for the actual or estimated increase in expenses. Within sixty (60) days after the end of each calendar year, Landlord will provide Tenant with a statement of actual direct expenses for said calendar year and all payments to Landlord by Tenant for said calendar year which were made on the basis of estimates will be adjusted accordingly.

Building Direct Expenses means "Building Operating Expenses" and "Building Tax Expenses", as those terms are defined in Sections 4.2.3 and 4.2.4 below, respectively. 4.2.3 "Building Operating Expenses" shall mean the portion of "Operating Expenses," as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below. Docusign Envelope ID: 5DE73501-8C5C-4E6E-96B1-0423E835E57AE2AF5422 D231- 4EC- 97B-A39CF5CF9824

Building Direct Expenses means the portion of Direct Expenses, as equitably determined by Landlord, which is attributable solely to the 2800 Building or the 2860 Building, as applicable (as opposed to the Project as a whole or either particular phase of the Project).

Building Direct Expenses as used herein shall include: All direct costs of operation and maintenance paid by Landlord with respect to the building or the land on which the building is located as outlined in Exhibit "B", as determined by standard accounting practices, and shall include the following costs by way of illustration: real property taxes and assessments, including any form of assessment, licensing fee, rental tax, gross receipts tax, levy or penalty imposed by any authority having the direct or indirect power to tax at any time during the term of this lease, whether assessed against the Landlord or assessed against the Tenant and collected by the Landlord, or both; water and sewer charges; insurance premiums; utilities; janitorial services; labor; professional fees and costs; management fees; air conditioning and heating; elevator maintenance; supplies; materials; equipment; and tools. ("Building Direct Expenses" and "Common Area Direct Expenses" shall not include depreciation on the Building of which the Premises are a part or equipment therein, loan payments, or real estate brokers commission.)