Controllable Costs means for any period, all costs and expenses incurred and paid by Jazz other than Pass- Through Costs;
Controllable Costs means all Operating Expenses which can increase or decrease at the independent and sole discretion of Landlord, as opposed to increases or decreases which are industry-wide or are caused by third parties or over which Landlord has no independent control. By way of illustration but not limitation, Operating Expenses over which Landlord has no independent and sole discretion include any Operating Expenses paid to a public utility, insurer and taxing authority for utilities, insurance, real property taxes, and costs of operating, maintaining and repairing the Building, Common Areas and Parking Facilities at the level of a Qualified Building (as defined in Paragraph 55) as required by this Lease, as contrasted with the cost of operating, maintaining and repairing the Building, Common Areas and Parking Facilities at a level below that of a Qualified Building. If the parties disagree upon whether a specific Operating Expense is a Controllable Cost, such disagreement shall be submitted to arbitration in accordance with the provisions of the American Arbitration Association. Landlord agrees that approximately every two (2) years Landlord shall rebid the janitorial, security, landscape and parking service contracts for the Building.
Examples of Controllable Costs in a sentence
If Jazz’s Controllable Costs exceed the revenue received from Air Canada by more than $2.0 million, Air Canada will pay to Jazz an amount equal to the excess over $2.0 million.
Substantially all the Controllable Costs are subject to the Controllable Cost Guardrail and related reconciliation.
Controllable Revenue rates are set annually, and Jazz and Air Canada complete an annual reconciliation and payment once the variance, if any, between the Controllable Revenue paid by Air Canada and Jazz’s actual Controllable Costs is determined.
Jazz is paid Controllable Revenue rates based on Controllable Costs that are estimated using certain variables.
Controllable Costs include such costs as wages and benefits, certain depreciation and amortization, certain aircraft maintenance, materials and supplies, third-party operating leases, and other general overhead expenses, such as crew variable expense, professional fees, travel, and training.
More Definitions of Controllable Costs
Controllable Costs shall include only the following Operating Expenses:
Controllable Costs means all Operating Costs other than the costs of Real Estate Taxes, all insurance related costs, all utility and waste collection related costs, costs resulting from acts of God, and all costs incurred in complying with changes in the law that were enacted after the Commencement Date. In addition, the Cap Amount shall exclude increases in Controllable Costs resulting from any increases in governmentally mandated minimum hourly wage rates in effect as of the Date of this Lease.
Controllable Costs means all of Landlord's Common Area Maintenance Expenses for the Operating Year in question minus Uncontrollable Costs.
Controllable Costs means all Basic Costs otherwise allowable under the provisions of the Lease, except those expenses for ad valorem real estate taxes and insurance premiums to the extent such insurance premiums are reasonably competitive. Notwithstanding anything to the contrary contained elsewhere herein, it is expressly agreed that Tenant shall not be required to pay Tenant’s Proportionate Share of Excess Basic Costs attributable to the Base Year.
Controllable Costs means all Operating Cost other than: insurance; expenditures which are required by applicable law, rules or regulations; fuel, water, sewer, gas, and any other utilities, electricity serving any common areas, and real estate taxes and assessments. For purposes of calculating Tenant’s Proportionate Share of Operating Cost pursuant to Sections 7.01, 7.02, 7.03 and 8.01 of the Lease, the parties agree that, commencing with calendar year 2021, Controllable Costs (in the aggregate) shall be deemed not to increase by more than 5% per year on a cumulative and compounding basis (herein referred to as the “Operating Expense Cap”) for every calendar year of the Lease, regardless of the actual increases.
Controllable Costs means all Operating Costs except taxes, insurance premiums, and utility charges. The “Cost Cap” for 2005 is 105% of the actual Operating Costs for 2004, and the “Cost Cap” for each subsequent year shall be 105% of the Cost Cap for the previous year.
Controllable Costs means all Costs other than (x) Taxes; (y) costs of insurance; and (z) costs of water, sewer, electricity, natural gas and other utilities.