Direct Expenses means “Operating Expenses” and “Tax Expenses.”
Direct Expenses means "Operating Expenses" and "Tax Expenses."
Direct Expenses is defined in Section 2.2(b).
Examples of Direct Expenses in a sentence
In addition to paying the Base Rent specified in Article 3 of this Lease, from and after the Lease Commencement Date, Tenant shall pay Tenant’s Share of the annual Direct Expenses.
In addition, Landlord shall give Tenant a yearly expense estimate statement (the “Estimate Statement”) which shall set forth Landlord’s reasonable estimate (the “Estimate”) of what the total amount of Direct Expenses for the applicable Expense Year shall be and the estimated Tenant’s Share of Direct Expenses (the “Estimated Direct Expenses”).
The failure of Landlord to timely furnish the Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect any Estimated Direct Expenses under this Article 4, nor shall Landlord be prohibited from revising any Estimate Statement or Estimated Direct Expenses theretofore delivered to the extent necessary.
Thereafter, Tenant shall pay, with its next installment of Base Rent due, a fraction of the Estimated Direct Expenses for the then-current Expense Year (reduced by any amounts paid pursuant to the last sentence of this Section 4.4.2).
The parties acknowledge that the Building is a part of a multi-building project and that the costs and expenses incurred in connection with the Project (i.e., the Direct Expenses) should be shared between the Building and the Other Buildings.
More Definitions of Direct Expenses
Direct Expenses means the sum of Operating Expenses plus Insurance Expenses (as such terms are defined below).
Direct Expenses means “Operating Expenses,” as that term is defined in Section 4.2.4 below, and “Tax Expenses,” as that term is defined in Section 4.2.5.1 below.
Direct Expenses shall not include depreciation on the Building of which the Premises are a part or equipment therein, loan payments, executive salaries or real estate broker's commissions.) If the Direct Expenses paid or incurred by the Landlord for the Comparison Year on account of the operation or maintenance of the Building of which the Premises are a part are in excess of the Direct Expenses paid or incurred for the Base Year, then the Tenant shall pay 33.90% of the increase. This percentage is that portion of the total rentable area of the Building occupied by the Tenant hereunder. Landlord shall endeavor to give to Tenant on or before the first day of March of each year following the respective Comparison Year a statement of the increase in rent payable by Tenant hereunder, but failure by Landlord to give such statement by said date shall not constitute a waiver by Landlord of its right to require an increase in rent. Upon receipt of the statement for the first Comparison Year, Tenant shall pay in full the total amount of the increase due for the first Comparison Year and, in addition for the then current year, the amount of any such increase shall be used as an estimate for said current year and this amount shall be divided into twelve (12) equal monthly installments and Tenant shall pay to Landlord, concurrently with the regular monthly rent payment next due following the receipt of such statement, an amount equal to one (1) monthly installment multiplied by the number of months from January in the calendar year in which said statement is submitted to the month of such payment, both months inclusive. Subsequent installments shall be payable concurrently with the regular monthly rent payments for the balance of that calendar year and shall continue until the next Comparison Year's statement is rendered. If the next or any succeeding Comparison Year results in a greater increase in Direct Expenses, then upon receipt of a statement from Landlord, Tenant shall pay a lump sum equal to such total increase in Direct Expenses over the Base Year, less the total of the monthly installments to be paid for the next year, following said Comparison Year, shall be adjusted to reflect such increase. If in any Comparison Year the Tenant's share of Direct Expenses be less than the preceding year, then upon receipt of Landlord's statement, any overpayment made by Tenant on the monthly installment basis provided above shall be credited towards the next monthly rent falling due and th...
Direct Expenses shall include:
Direct Expenses means, with respect to any Home, any costs attributable to the provision of services to a Transferred Employee, including without limitation appraisals, broker’s market analyses and inspections, brokerage commissions, title and title search fees, transfer taxes, mortgage payments, mortgage interest (or interest on the mortgage payments at the mortgage interest rate), insurance premiums, property taxes, cost of establishment and maintenance of appropriate files, overnight delivery charges, wire transfer fees, cost of interest in the manner specified in the related Contract, cost of improvements, cost of removal and mitigation of Hazardous Materials or gases (such as removal of asbestos, lead paint, radon gas or urea formaldehyde insulation) and reinsulation with suitable replacement materials, repair and maintenance costs, utilities, sales loss on resale, buyer incentive costs and real estate closing costs.
Direct Expenses has the meaning specified in the Management Services Agreement.
Direct Expenses. A final cumulative job cost report that shows a breakdown of direct expenses by specific item (mileage, CADD, per diem, etc….) by fiscal year is required. Direct expense items charged should identify the number of units (miles, hours, prints, copies, feet, etc….) and the rate applied by fiscal year. In lieu of a final job cost report, a summary of the aforementioned information is needed. The summary should be supported by monthly job cost detail. • Subconsultant: Final invoice requirements for subconsultants with specific rate contracts are the same as the requirements for the prime consultant. It is the prime consultant’s responsibility to assure such an invoice is acquired and attached to the prime’s final invoice. ATTACHMENT G Consultant Name Consultant Address Consultant Address Lump Sum Progressive Invoice Date Invoice No. Client Project No. Invoice Period Covered County Consultant Job No. Client Project Description Client Contract No. Total Lump Sum Amount Percentage Completed Total Less Amount Previously Billed Total Current Xxxx Subconsultants Name Name Name Total Current Labor Hours Total Labor Hours Incurred To Date Total Estimated Labor Hours Note: When submitting more than the final invoice on a lump sum project, each progressive invoice shall be identified as a “Progressive Invoice” (as in the above title). Consultant Name Consultant Address Consultant Address Lump Sum Final Invoice Date Invoice No. Client Project No. Invoice Period Covered County Consultant Job No. Client Project Description Client Contract No. Total Lump Sum Amount Percentage Completed Total Less Amount Previously Billed Total Current Xxxx Subconsultants Name Name Name Total Current Labor Hours Total Labor Hours Incurred To Date Total Estimated Labor Hours Notes: When submitting a final invoice on a lump sum project, the final cumulative job cost report should be submitted with the final invoice. If more than one invoice was submitted for a lump sum project, the final invoice shall so be identified as the “Final Invoice” (as in the above title). Consultant Name Consultant Address Consultant Address Unit Rate Invoice Date Invoice No. Client Project No. Invoice Period Covered County Consultant Job No. Client Project Description [Sub-portion No.] Client Contract No. [Completion Identifier] [Location Identifier] [Unit Rate Identifier] [Quantity of Units] Unit Rate Amount Invoiced See Example Total for [sub-portion] No.___