Controllable Costs means for any period, all costs and expenses incurred and paid by Jazz other than Pass- Through Costs;
Controllable Costs shall include only the following Operating Expenses:
Examples of Controllable Costs in a sentence
Effective as of February 1, 2020, Tenant’s payment of Controllable Costs (as defined below) shall be limited as follows.
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.
More Definitions of Controllable 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.
Controllable Costs means all Operating Expenses 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 and understood that from and after the Renewal Date Lessee shall not be required to pay Lessor Tenant's Pro Rata Share of Taxes and Operating Expenses attributable to the year 2001.
Controllable Costs means all of Landlord’s Operating Costs for the Operating Year in question minus Uncontrollable Costs.
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 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 Charges other than: (i) Landlord’s insurance costs, deductibles, and expenses; (ii) Landlord’s utility costs and expenses including, but not limited to, those for electricity, gas, steam, other fuels and forms of power or energy, sewer and waste disposal, heating and air conditioning; and (iii)