Building Operating Cost definition

Building Operating Cost means the following specified non-capital expenditures made by Landlord in the operation, management, insuring, securing and protecting, cleaning, repair and maintenance of the Land and Building:
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Building Operating Cost. REFERENCE (ARTICLE 5): BASE YEAR: Calendar Year 1997, or EXPENSE STOP: $5.00 per square foot. TENANT'S PRO RATA SHARE (OF BUILDING FOR BUILDING OPERATING COSTS): 10,571/63,226 SECURITY DEPOSIT: (EQUIVALENT TO FIRST AND LAST MONTHS RENT)
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Building Operating Cost means the portion of the Project Operating Cost which is allocated to the Building pursuant to Section 3.06.
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Examples of Building Operating Cost in a sentence

  • If there is any conflict or inconsistency between this Building Operating Cost Addendum (“BOCA”) and the other provisions of the Lease, then the provisions of this BOCA shall control and govern the interpretation of the Lease.

  • Landlord's general overhead, Tenant hereby acknowledging that Building Operating Costs shall include an allocation to the Building of a management fee for operation and management of the Complex which shall not exceed the market rate, taking into account the salaries, benefits and space costs of property management personnel separately reimbursable as a Building Operating Cost hereunder.

  • Within ninety (90) days after the end of each Lease Year, the Landlord shall furnish to the Tenant a Statement of the actual Building Operating Cost and Municipal Tax Cost during such Lease Year and the Tenant's portion there of determined pursuant to this Article showing in reasonable detail the information relevant and necessary to the exact calculation of these amounts.

  • The cost of Building Services shall be considered a Building Operating Cost.

  • Additionally, the Subtenant shall pay, as Additional Rent, its proportionate share (20%) of the Sublandlord’s portion of the Building’s engineering and facility services contract which is billed separately from the Building Operating Cost Share Rent by the Landlord.

  • At the time that such Yearly Rent, Building Operating Cost Base, Complex Operating Cost Base and Tax Base are determined, the parties shall execute a written agreement confirming the same.

  • Tenant’s Proportionate Share of Estimated Building Operating Cost shall be payable in advance on or before the first day of each calendar month during the Term and any extensions or renewals thereof.

  • The Building Operating Cost Base for the Expansion Space shall be calendar year 2008.

  • The Subtenant shall deposit with the Sublandlord, upon receipt of Landlord approval of this Sublease, the amount of $21,324.86 (the "Security Deposit") as security for the performance by the Subtenant of the provisions of this Sublease, representing One (1) month of last month’s Base Rental, and One (1) months of estimated Tenant’s Pro Rata Share of Building Operating Cost under the Lease as applicable to the Demised Premises.

  • The Purchaser undertakes to notify the Issuer immediately of any change in any representation, warranty or other information relating to the Purchaser set forth in the Subscription Agreement (including the first (cover) page, the Terms on pages 3 to 4, the General Provisions on pages 10 to 20 and the other schedules and appendixes incorporated by reference) which takes place prior to the Closing.


More Definitions of Building Operating Cost

Building Operating Cost means the portion of the Project Operating Cost which is allocated to the tenants of the Building pursuant to Section 3.06.
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Building Operating Cost shall be amended to refer to "Project Operating Cost." The term "Project" refers to Building-12 and the land upon which it is constructed, including without limitation all landscaping, driveways, sidewalks, service areas and other improvements located on such land, and together with the pro rata share of the parking garages servicing such building.
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Building Operating Cost shall include all items in Subparagraphs 6.2.1 and 6.2.2. 6.2.1 All direct costs of ownership, operation, maintenance and management of the Building including the costs for common areas and parking facilities serving the Building, all as determined by generally accepted accounting practices. By way of illustration but not limitation, operating expenses shall include the costs for the following items: heat, light, water, sewage, power and steam, waste disposal, janitorial services, security, fire protection, window cleaning, air conditioning, landscaping, materials and supplies, equipment and tools, service agreements on equipment, insurance, licenses, permits and inspections, wages and salaries, employee benefits and payroll taxes, accounting and legal expenses, management fees that are reasonable and comparable to other management fees charged in the geographic area, and the cost of contesting the validity or applicability of any governmental enactments which may affect the operation or maintenance of the Building or operating expenses. Building Operating Costs shall not include costs incurred to bring the Building or Premises into full compliance with all governmental regulations, ordinances and laws that were in effect at the effective date of this Lease (but costs to 5 EXHIBIT 10.1 comply with any amendments of such laws effective after the effective date of this Lease may be included in Building Operating Costs), any bad debt loss, rent loss or reserves for bad debts or rent loss and reserves for Building Operating Costs or capital improvements, the cost of goods or services paid to Landlord, or to any subsidiary or affiliate of Landlord, to the extent such costs exceed the costs of comparable goods or services delivered or rendered by unaffiliated third parties, costs to remediate or remove hazardous materials from the Building or the Premises, cost of compliance with laws enacted prior to the Commencement Date (but costs to comply with any amendments of such laws enacted after the effective date of this Lease may be included in Building Operating Costs), interest expense, advertising costs, leasing commissions, depreciation on the Building or the cost of capital expenditures; provided, however, that in the event Landlord makes capital improvements which have the effect of reducing operating expenses, or which are required by governmental orders, rules, codes, regulations, ordinances and laws enacted after the Commencement Date, Landlord may amortize...
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Building Operating Cost shall include all items in Subparagraphs 6.2.1 and 6.2.2.
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Related to Building Operating Cost

  • Building Operating Expenses means 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.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Building Common Areas means with respect to the Tower, the areas, facilities and amenities specified in Schedule [E] which are to be used and enjoyed in common with all the other Apartment Acquirers of the Units in the Building; and

  • Common Area Operating Expenses are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Industrial Center, including, but not limited to, the following:

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • mixed-use building means a building or structure containing a residential and non- residential use other than a home occupation;

  • Building Work has the meaning given to it in section 6 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth);

  • Office Building (Premises), means a building or premises or part thereof whose sole or principal use is for an office or for office purposes or clerical work. "Office purposes" includes the purpose of administration, clerical work, handling money, telephone, telegraph and computer operation; and "clerical work" includes writing, book-keeping, sorting papers typing, filing, duplicating, punching cards or tapes, machines calculations, drawing of matter for publication and editorial preparation of matter for publication.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • the Building means any building of which the Property forms part.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Common Area means all areas and facilities within the Project that are not designated by Landlord for the exclusive use of Tenant or any other lessee or other occupant of the Project, including the parking areas, access and perimeter roads, pedestrian sidewalks, landscaped areas, trash enclosures, recreation areas and the like.

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Base Building shall include the structural portions of the Building, the public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to time, including rules and regulations for the performance of Alterations (defined in Section 9).

  • Base Operating Costs means Operating Costs for the calendar year specified as the Base Year in the Basic Lease Information (excluding therefrom, however, any Operating Costs of a nature that would not ordinarily be incurred on an annual, recurring basis).

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Base Building Work means the base building work for the Building as described in this Manual.

  • Controllable Operating Expenses means all Operating Expenses except real property taxes, all forms of insurance, utility expenses, costs of services provided under a union contract, payments under CC&R’s or to an owners’ association and costs associated with repairs due to casualty, vandalism or other source outside of Landlord’s reasonable control.

  • Building means any structure used or intended for supporting or sheltering any use or occupancy.

  • Elevated Building means a non-basement building which has its lowest elevated floor raised above ground level by foundation walls, shear walls, posts, piers, pilings, or columns.

  • Heritage Building means a Building designated under Part IV of the Ontario Heritage Act, R.S.O. 1990, c. O.18, or any successor legislation, or a Building designated under Part V of the Ontario Heritage Act,R.S.O. 1990, c. O.18, or any successor legislation, which has been identified as a significant heritage resource in a conservation district plan and any Building listed in the Markham Register of Property of Cultural Heritage Value of Interest;