Controllable Operating Costs definition

Controllable Operating Costs means all Operating Costs which are within the reasonable control of Landlord; thus, excluding taxes, insurance, utilities, snow removal costs, costs incurred to comply with governmental requirements, ground rent, and other costs beyond the reasonable control of Landlord.

Controllable Operating Costs means all Operating Costs exclusive of the cost of insurance, utilities, taxes, capital improvements, refuse removal, lawn maintenance, nonrecurring maintenance, repairs and clean up, and janitorial services.

Controllable Operating Costs means all Direct Costs except Tax Costs, utility charges, insurance costs, trash collection costs, costs of services provided under a union contract, payments under CC&R's or to an owners' association, capital expenditures that are permitted herein, and costs associated with repairs due to casualty.

Examples of Controllable Operating Costs in a sentence

• The Controllable Operating Cost Share Rent (defined below) applicable to the second fiscal year of the Lease shall be the lesser of (i) Tenant’s Proportionate Share of Controllable Operating Costs during the second fiscal year, or (ii) the sum of Tenant’s Proportionate Share of Controllable Operating Costs for the first fiscal year, plus 4% (such sum is the “Cap Amount”).

• The Controllable Operating Cost Share Rent applicable to each fiscal year thereafter shall be the lesser of (i) Tenant’s Proportionate Share of Controllable Operating Costs during the applicable fiscal year, or (ii) the sum of the Cap Amount for the immediately preceding fiscal year, plus 4%.

• Landlord shall cause the Building, the Building-Specific Common Areas and the Exterior Common Areas to be managed in accordance with standards reasonably consistent with the property management standards of other first-class suburban office buildings comparable to the Building in the south Charlotte area (the “Property Management Standards”), including effective oversight of Controllable Operating Costs.

• The cap on Controllable Operating Costs set forth in Paragraph 3(l) of the Lease shall continue to apply with respect to the calculation of the Additional Rent payable for the Suite 500 Space; provided, however, effective as of the date that the Base Year is reset for the Suite 500 Space, the phrase “first calendar year” as set forth in the third line of Paragraph 3(l) shall be amended to be the applicable calendar year as calculated above.

• Controllable Operating Costs shall not include Real Property Taxes or any other taxes and assessments, government imposed charges, utility charges, insurance premiums or deductibles, payments that do not recur each year (such as, but not limited to, snow and ice removal), the cost of any contract the price of which is dependent on union labor, management fees that are stated as a percentage of revenue, or amortization of capital items permitted hereunder.

More Definitions of Controllable Operating Costs

Controllable Operating Costs means all Operating Costs other than costs for taxes, insurance, utilities, and snow/ice removal costs, and (to the extent not applicable to the Building’s Structure) costs incurred to comply with governmental requirements.

Controllable Operating Costs means all Operating Costs other than costs related to Taxes (as defined below) insurance, collectively bargained union wages, electricity and other utilities (herein, “Non-Controllable Operating Costs”). There shall be no cap on Non-Controllable Operating Costs. Assume, for example, Controllable Operating Cost Share Rent for the first fiscal year of $100.00. In the second fiscal year, Controllable Operating Cost Share Rent would be the lesser of (i) Tenant’s Proportionate Share of Controllable Operating Costs for the second fiscal year, or (ii) $104.00 ($100.00 plus 4%, which would be the Cap Amount). In the third year, Controllable Operating Cost Share Rent would be the lesser of (i) Tenant’s Proportionate Share of Controllable Operating Costs for the third fiscal year, or (ii) $108.16 ($104.00 plus 4%, which becomes the Cap Amount for the following year).

Controllable Operating Costs means wages, salaries and other compensation and benefits paid to Landlord’s non-union employees engaged in the operation, management, maintenance or security of the Project, any management fee paid to any affiliate of Landlord and any rental paid for any management office of the Project.

Controllable Operating Costs means all Operating Costs other than taxes, utilities, insurance, and any other cost or expense beyond Landlord’s reasonable control.

Controllable Operating Costs means all Operating Costs except utility costs, costs of services provided under a union contract and costs associated with repairs due to casualty, vandalism or other source outside of Landlord’s reasonable control and in no event shall Controllable Operating Costs include Tax Expenses or Insurance Premiums. Such payments by Tenant, together with any and all other amounts payable by Tenant to Landlord pursuant to the terms of this Lease including the parking charges (as set forth in Article 30), are hereinafter collectively referred to as the “Additional Rent,” and the Base Rent and the Additional Rent are herein collectively referred to as “Rent.” Without limitation on other obligations of Tenant which survive the expiration of the Lease Term, the obligations of Tenant to pay the Additional Rent, related to the period of time during which the Lease is in effect, provided for in this Article 4 shall survive the expiration of the Lease Term.

Controllable Operating Costs means all Operating Costs other than Taxes, insurance premiums, Association assessments, security, if any, contracted for by Landlord, utilities and trash removal.

Controllable Operating Costs means all Operating Costs other than Taxes, insurance, utilities, common area maintenance and landscaping.