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: (i) Real Estate, ad valorem, special assessment and personal property taxes and any tax on rent (exclusive of Landlord's income taxes) attributable to the Land and Building; (ii) All charges for water and sewer use, electricity, gas, oil and other public utilities supplied to the Building, exclusive of utilities for which there are separate meters in the Demised Premises; (iii) Wages and salaries; including payroll taxes, workers’ compensation and insurance premiums (if paid for by Landlord); bonuses; and social security and unemployment taxes for all employees of Landlord primarily engaged in the operation, maintenance, administration or management of the Building in proportion to the time they spend on the operation and maintenance of the Land and Building, and that part of central accounting costs which are applicable to the Land and Building; (iv) The cost of materials and supplies for cleaning and securing the Building, the grounds, windows, hallways, bathrooms, elevators, offices and food service areas, for services done by employees of Landlord in proportion to the services provided to the operation and maintenance of the Land and Building; (v) The proportional share of the cost of all maintenance and service agreements for the Land and Building and the equipment therein, including security service, window cleaning, janitorial service, elevator maintenance, maintenance of HVAC equipment, plumbing, controls, locks, alarms, and landscaping of grounds and common areas; (vi) Premiums for insurance against loss by fire, with extended coverage, general public liability and business interruption insurance; (vii) Expenses for the repairing and reasonable and necessary redecorating of common areas of the Building, including gardening and landscaping; and
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Building Operating Cost shall include all items in Subparagraphs 6.2.1 and 6.
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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

  • Tenant's Building Operating Cost Percentage during the Additional Term shall be 64.05% (i.e., 124,758 square feet divided by the Total Rentable Area of the Building, which is 194,776 square feet).

  • 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.

  • 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.

  • 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.

  • The Building Operating Cost Base during the Additional Term shall be the Building Operating Costs for calendar year 2005, adjusted to reflect 95% occupancy for a full Operating Year.

  • The replacement Exhibit 16A shall merely document the amounts of the line item costs included in the Building Operating Cost Base and the Complex Operating Cost Base and shall not, except as Landlord and Tenant may otherwise agree in writing, add or delete any line items of cost or otherwise change the method by which Building Operating Costs or Complex Operating Costs are determined.

  • This action does not impose any new information collection burden under the provisions of the Paperwork Reduction Act, 44 U.S.C. 3501 et seq., and therefore is not subject to these requirements.

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

  • If the Building Operating Cost Adjustment for any calendar year is a negative number (i.e., estimated cost exceeds actual cost), then Landlord at Landlord’s option shall pay Tenant’s Proportionate Share of the Building Operating Cost Adjustment to Tenant in cash, within ten (10) days after the Building Operating Cost Adjustment is finally determined, or credit said amount against future installments of Estimated Building Operating Cost payable by Tenant hereunder.

  • These institutional developments open the door to the additional autonomy of supranational actors, ensuring the horizontal and institutional coherence of external action.However, as Hill argues, ‘setting things down more explicitly and logi- cally in treaty form is far from ensuring a greater degree of cohesion’ (Hill, 1997, p.


More Definitions of Building Operating Cost

Building Operating Cost means: (i) the total of all reasonable expenses in the complete operation and maintenance of the Building and the Property and shall include, without limiting the generality of the foregoing, the cost of providing cleaning, garbage removal, janitor, supervisory and maintenance services, the cost of operating elevators and escalators, the cost of the heating cooling and ventilating all space, the cost of hot and cold water, electricity, telephone and other utilities and services, to all space, the cost of all repairs and replacements to the Building or services including elevators, cost of window cleaning, cost of security and supervision, cost of all insurance for loss of income, liability or fire or other casualty, accounting costs incurred in connection with maintenance and operating including computations required for the imposition of charges to tenants and audit charges for the reporting of charges hereunder, the reasonable rental value of office space (not larger than 000 xxxxxx xxxx xx xxxx) utilized by the Landlord in connection with the operation and maintenance of the Building, the amount of all salaries, wages and fringe benefits paid to employees engaged in the operation and maintenance of the Building, amounts paid to independent contractors for any services in connection with such operation and maintenance, the cost of direct supervision and of management and other expenses to the extent allocable to the operation and maintenance of the Building, the cost of any management fees and managing agents' fees and all other expenses of every nature incurred in connection with the operation and maintenance of the Building; (ii) but shall not include Municipal Tax Cost, debt service, depreciation, expenses properly chargeable to capital account, and fees in connection with leasing and rental advertising; (iii) and there shall be allowed as a deduction the proceeds of insurance relating to Insured Hazards actually recovered by the Landlord, and the amount of any charges for services and utilities actually received by the Landlord where such charges are recovered from tenants.
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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. 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 tenants of the Building pursuant to Section 3.06.
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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: (i) The operation, repair and maintenance, in neat, clean, good order and condition, of 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).

  • Lease Area means the Lease Area as more particularly described in SCHEDULE C.

  • 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 property taxes and assessments, capital expenditures that are reasonably required, costs for repairs and maintenance (excluding preventative maintenance), utility charges, insurance charges, costs of services provided under a union contract, payments under covenants, conditions and restrictions or to an owners’ association and costs associated with repairs due to casualty, vandalism or other cause 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.