Building Operating Costs means those Operating Costs which directly relate to, or are primarily for the benefit of, the Building, as reasonably determined by Landlord.
Building Operating Costs means those costs and expenses incurred or paid by Landlord or Landlord's agents with respect to the operation and maintenance of the Building which, in accordance with the accounting method used by Landlord on a consistent basis, as applied to the operation and maintenance of the Building, are properly chargeable to the operation and maintenance of the Building, including, without limitation:
Building Operating Costs shall include each and every reasonable expense incurred in connection with the ownership, administration, management, operation and maintenance of the Real Estate, including but not limited to, wages, salaries and fees paid to persons either employed by Landlord or engaged as independent contractors in the operation of the Real Estate and such other typical items of expense as indicated below. All such costs shall be reflected on a comparative statement (the “Statement”) which shall be exhibited to the Tenant upon request.
Examples of Building Operating Costs in a sentence
On the first day of each calendar year during the term of this lease, beginning [date], the minimum monthly rent shall be automatically increased by an amount equal to 1/12th of the escalation in Building Operating Costs.
Each Party shall be equally responsible for payment of i) all Senior Center Operating Costs, including, but not limited to staff salaries, staff benefits, Senior Center Programming, Activities, Events, Vendors, Transportation, Supplies, Media/Entertainment, Equipment, Inventory, Food, Subscriptions, Furnishings/Decor and Technology; ii) those services and utilities as more specifically set forth on Exhibit B; iii) Building Operating Costs, as defined below.
Tenant shall pay its pro rata share of the premiums for maintaining the insurance required by Subsection 7.1.2. Tenant’s pro rata share of all such premiums shall be the same proportion as used for payment of Building Operating Costs as set forth in Subsection 1.9.3 hereof.
Tenant shall have the right to audit the calculations of Building Operating Costs and Project Operating Costs within three (3) months after delivery of the statement of Building Operating Costs and Project Operating Costs to Tenant.
Tenant shall pay Tenant’s annual pro rata share of all estimated Building Operating Costs, in advance, in monthly installments on the first day of each month during the Lease Term (prorated for any fractional month).
More Definitions of Building Operating Costs
Building Operating Costs means the sum of the following: any and all costs, expenses and disbursements paid or incurred by landlord in connection with the management, operation, security, maintenance, and repair of the Project (as it may exist from time to time) including, but not limited to, salaries, wages, benefits and related costs for employees, management fees, either as charged to Landlord by outside management companies or an amount not exceeding the amount typically charged by outside management companies if Landlord manages the Building itself, together with the rental value of space occupied as the Project management office and any building operating costs (including, but not limited to, real property taxes, utilities, and insurance) attributed to such space occupied as the project management office; charges for utilities and services (including any taxes thereon); the cost of insurance; the cost of building cleaning supplies and materials; ground rent; and a reasonable allowance for depreciation (or amortization) with respect to machinery and equipment and other capital expenditures and improvements; provided, however, that the only depreciation (or amortization and expenditures) includable in Building Operating Costs shall be a reasonable allowance for depreciation (or amortization) on (a) items intended to result in cost savings, (b) common area interior floor and wall coverings and resurfacing and common area window treatments, and (c) Required Alterations (as defined below). If, during any calendar year subsequent to the year in which the Commencement Date occurred, the Building is less than ninety-five percent (95%) occupied, then for the purpose of computing Additional Rent due hereunder Building Operating Costs actually incurred during such calendar year shall be increased to reflect the amounts which would have been payable if the Building had been ninety five percent (95%) occupied. Without limiting the generality of the foregoing, and notwithstanding any contrary provision herein, if at any time Landlord is required by any rule, regulation or law, to make any changes, alterations or improvements to the common area or the Building, the Premises, or any other portion of the Project (including, but not limited to, electrical, mechanical, water sprinkler, or other systems or components) ("Required Alterations") (but excluding Required Alterations attributable exclusively to Tenant's specific use and occupancy of the Premises, which alterations shall be Tenant's s...
Building Operating Costs is defined in Section 5.2.
Building Operating Costs shall have the meaning set forth in Section 5.03(c),(d) and (e) of this Lease.
Building Operating Costs means all expenses, costs, and amounts of every kind or nature that Landlord pays or incurs because of or in connection with the ownership, operation, management, maintenance, or repair of the Building (which includes the land and any parking areas located under the Building). Building Operating Costs include, without limitation, the following amounts paid or incurred relative to the Building (a) the cost of supplying utilities to all portions of the Building, including without limitation water, electricity, heating, ventilation, and air conditioning, (b) Tax Expenses relating to the Building, to the extent the Building is separately assessed by the taxing authority, (c) the cost of providing janitorial services for the Building and of operating, managing, maintaining, and repairing all building systems, including without limitation utility, mechanical, sanitary, storm drainage, and elevator systems, and the cost of supplies, tools, and equipment, as well as maintenance and service contracts in connection with those systems, (d) the cost of licenses, certificates, permits, and inspections relating to the operation of the Building, (e) the cost of contesting the validity or applicability of any government enactments that may affect the Building Operating Costs, (f) the cost of maintenance, repair, and restoration of any parking areas located under the Building (if any), including, without limitation, resurfacing, repainting, restriping, and cleaning costs, (g) fees, charges, and other costs, including administrative, management fees, and accounting costs (or amounts in lieu of such fees), whether paid to Landlord, an affiliate of Landlord’s, or a third party, consulting fees, legal fees, and accounting fees of all persons engaged by Landlord or otherwise reasonably incurred by Landlord in connection with the operation, management, maintenance, and repair of the Building, (h) wages, salaries, and other compensation and benefits of all persons engaged in the operation, maintenance, repair, or security of the Building plus employer’s Social Security taxes, unemployment taxes, insurance, and any other taxes imposed on Landlord that may be levied on those wages, salaries, and other compensation and benefits. If any of Landlord’s employees provide services for more than one project of Landlord, only the prorated portion of those employees’ wages, salaries, other compensation and benefits, and taxes reflecting the percentage of their working time devoted to the Bu...
Building Operating Costs for the Base Year and each subsequent Calendar Year means all costs and expenses of every kind and nature, incurred by Landlord for operating, maintaining, managing, cleaning, equipping, insuring, securing, repairing, replacing, restoring and making improvements to the Building Property, including, but in no way limited to, the following (which are for broad general illustration purposes only):
Building Operating Costs means and includes all costs, expenses, taxes (other than ad valorem taxes) and disbursements which Landlord pays in connection with the management, operation, maintenance, and repair of the Building and of all building systems, components and appurtenances, including the Common Area. Such costs include, but are not limited to, the costs of all utilities (not separately metered to a particular tenant), fuel, building supplies, door locks and keys, light bulbs, plumbing and electrical repairs, garbage removal, drainage, lighting, facilities, parking lot and drive repair and maintenance, security services, pest control, alterations required by government authorities (unless such constitute capital expenditures), janitorial services, window cleaning, maintenance and repairs, elevator service, wages of employees who work customarily in and about the building and whose duties are connected with its operation, maintenance or repair (including social security taxes, unemployment insurance costs, cost of providing disability benefits, and cost of pension, hospitalization or retirement plan), costs of general commercial replacement and liability insurance, water and sewer rents (to the extent not included in taxes in Section 3.2.1 hereof), professional and consulting fees consistent with those reasonably incurred in the management or operation of office buildings in the Winston-Salem area, management fees (charges for which shall clearly reflect Landlord’s actual management efforts and expenses with respect to the Building), charges or fees for governmental permits, and other expenses, dissimilar or similar, incurred in the operation, repair, and maintenance of the Building, its systems and components, and the Land on which it stands.
Building Operating Costs means the costs referred to in Section 5.03.