Controllable Expenses means all expenses, other than Uncontrollable Expenses, incurred by the Company or any Subsidiary of the Company with respect to the Property.
Controllable Expenses means all Expenses other than those Expenses attributable to snow and ice removal, utilities and insurance.
Controllable Expenses means all Operating Expenses except: (i) insurance carried by Landlord with respect to the Real Property and/or the operation thereof; and (ii) costs of capital expenditures, including, without limitation, costs of capital improvements, capital alterations, capital repairs, capital equipment and capital tools. The provisions of this Section 4.3.5 do not apply to Tax Expenses or Utilities Costs.
Examples of Controllable Expenses in a sentence
Shell-to-bottom fillet welds shall be inspected for their entire length by a right- angle vacuum box and a solution film, or by applying light diesel oil.
Subtenant further understands and agrees that, as a portion of the Operating Services, Controllable Expenses and Real Estate Taxes, the Additional Charges shall be computed in the manner provided in the Master Lease.
At a whole of business unit level Controllable Expenses are $0.40 million (0.4%) below forecast.
In other words, Controllable Expenses for the first Expense Year of the initial Lease Term after the Base Year shall not exceed one hundred five percent (105%) of the Controllable Expenses for the Base Year.
They are collected at national level by a few of the smaller markets.
More Definitions of Controllable Expenses
Controllable Expenses means all expenses, other than Uncontrollable Expenses, with respect to the Project.
Controllable Expenses means all Operating Expenses excluding expenses relating to the cost of utilities, security expenses, insurance, real estate taxes and assessments, and other expenses not within Landlord’s control. If Operating Expenses in any calendar year decrease below the amount of Operating Expenses for the Base Year, Tenant’s Pro Rata Share of Excess Operating Expenses for that calendar year shall be $0. In no event shall Base Rent be reduced if Operating Expenses for any calendar year are less than Operating Expenses for the Base Year. On or about January 1 of each calendar year, Landlord shall provide Tenant with a good faith estimate of the Excess Operating Expenses for such calendar year during the Term. On or before the first day of each month, Tenant shall pay to Landlord a monthly installment equal to one-twelfth of Tenant’s Pro Rata Share of Landlord’s estimate of the Excess Operating Expenses. Prior to May 1 of each calendar year of the Term, if Landlord determines that its good faith estimate of the Excess Operating Expenses was incorrect, Landlord may provide Tenant with a revised estimate. After its receipt of the revised estimate, Tenant’s monthly payments shall be based upon the revised estimate. If Landlord does not provide Tenant with an estimate of the Excess Operating Expenses by January 1 of a calendar year, Tenant shall continue to pay monthly installments based on the most recent estimate(s) until Landlord provides Tenant with the new estimate (no later than May 1 of each calendar year during the Term). Upon delivery of the new estimate, an adjustment shall be made for any month for which Tenant paid monthly installments based on the same year’s prior incorrect estimate(s). Tenant shall pay Landlord the amount of any underpayment within 30 days after receipt of the new estimate. Any overpayment shall be credited against the next sums due and owing by Tenant or, if no further Rent is due, refunded directly to Tenant within 30 days of determination. The obligation of Tenant to pay for Excess Operating Expenses as provided herein shall survive the expiration or earlier termination of this Lease. If the Expiration Date falls on a date other than December 31st, Tenant’s Excess Operating Expenses and Excess Tax Expenses shall be prorated on a daily basis based on a 360 day calendar year.
Controllable Expenses means all Expenses exclusive of the cost of insurance, utilities and capital improvements.
Controllable Expenses means all Operating Expenses except: (i) costs of insurance carried by Landlord with respect to the Property and/or the operation thereof; (ii) reasonable wages, salaries and other compensation and benefits paid to Landlord's employees, agents or contractors engaged in the operation, management, maintenance (including, but not limited to, janitorial and cleaning services) or security of the Building or Property, to the extent such wages, salaries and other compensation are incurred as a result of union labor or government mandated requirements including, but not limited to, prevailing wage laws and similar requirements; (iii) costs of utilities; (iv) Operating Expenses incurred to meet the standards described in Section 9.3(d) below; (v) all costs Landlord incurs to comply with the 100% Uptime Protocol (other than costs incurred to comply with the maintenance procedures outlined in Attachments 1A and 3 of Rider One); and (vi) costs mandated by any service contracts in place as of the Commencement Date. Notwithstanding anything to the contrary herein, to the extent that there are costs payable (whether paid by an owners association, managing agent or otherwise) under any covenants, conditions and restrictions now or hereafter affecting the Property that otherwise would not constitute Controllable Expenses pursuant to this Section (e.g., utility costs and insurance costs), such costs shall not become or be deemed to be Controllable Expenses pursuant to this Lease and shall be excluded from the foregoing definition of Controllable Expenses. If, in connection with providing Additional Services to Tenant in accordance with this Lease, Landlord incurs costs or expenses associated with or relating to separate items, categories or subcategories of Operating Expenses which (A) were not part of Operating Expenses during calendar year 2013 and (B) are not otherwise directly reimbursed by Tenant (other than through payment of Operating Expenses), then, for purposes of calculating the Annual Cap, Operating Expenses for calendar year 2013 shall be deemed increased by the amounts Landlord would have incurred during calendar year 2013 with respect to such costs and expenses had such separate items or categories or subcategories of Operating Expenses been included in Operating Expenses during the entire calendar year 2013.
Controllable Expenses means expenses under the control of the Participant;
Controllable Expenses means all Direct Expenses except: (i) Tax Expenses and any and all assessments, including assessment districts and government-mandated charges with respect to the Building or Project, or any part thereof; (ii) insurance carried by Landlord; and (iii) costs of utilities, including, without limitation, electricity, water, HVAC and sewer charges, utility surcharges and assessments, and refuse removal. The terms Controllable Expenses shall also exclude the costs of capital alterations, capital additions, capital improvements, capital repairs and capital replacements to the extent included in Operating Expenses pursuant to the definition in Section 4.2.4, above; and costs to repair caused by any casualty, vandalism or events of Force Majeure.
Controllable Expenses means all Direct Expenses except: (i) Tax Expenses and any and all assessments, including assessment districts and government-mandated charges with respect to the Building or the Property, or any part thereof; (ii) premiums for insurance carried by Landlord with respect to the Property and/or the operation thereof; (iii) costs of utilities, including, without limitation, electricity, water, HVAC and sewer charges, utility surcharges and assessments, and refuse removal; (iv) increases in wages, salaries and other compensation and benefits paid to Landlord’s employees, agents or contractors engaged in the operation, management, maintenance or security of the Building or Property, to the extent (a) such agents or contractors are union, or (b) such increases are due to increases in the applicable minimum wage legally required to be paid to such personnel; and (v) the costs of capital alterations, capital additions, capital improvements, capital repairs, and capital replacements; amortized as described in Sections 4.2.4(xii) and (xiii) above.