Estimated Basic Operating Cost definition

Estimated Basic Operating Cost for any particular year shall mean Landlord's estimate of the Basic Operating Cost for such fiscal year made prior to commencement of such fiscal year as hereinafter provided. Landlord shall have the right from time to time to revise its fiscal year and interim accounting periods so long as the periods as so revised are reconciled with prior periods in accordance with generally accepted accounting principles applied in a consistent manner. During the last month of each fiscal year during the Term, or as soon thereafter as practicable, Landlord shall give Tenant written notice of the Estimated Basic Operating Cost for the ensuing fiscal year. Tenant shall pay Tenant's Proportionate Share of the Estimated Basic Operating Costs with installments of Base Rent for the fiscal year to which the Estimated Basic Operating Cost applies in monthly installments on the first day of each calendar month during such year, in advance. If at any time during the course of the fiscal year, Landlord determines that Basic Operating Cost will apparently vary from the then Estimated Basic Operating Cost by more than ten percent (10%), Landlord may, by written notice to Tenant, revise the Estimated Basic Operating Cost for the balance of such fiscal year and Tenant shall pay Tenant's Proportionate Share of the Estimated Basic Operating Cost as so revised for the balance of the then current fiscal year on the first of each calendar month thereafter.
Estimated Basic Operating Cost for any particular year shall mean Landlord's estimate of the Basic Operating Cost for such fiscal year made prior to commencement of such fiscal year as hereinafter provided. Landlord shall have the right from time to time to revise its fiscal year and interim accounting periods so long as the periods as so revised are reconciled with prior periods in accordance with generally accepted accounting principles applied in a consistent manner.
Estimated Basic Operating Cost for any calendar month shall mean ------------------------------ Landlord's estimate of Basic Operating Cost for the calendar year within which such month falls divided by twelve (12) equal monthly installments.

Examples of Estimated Basic Operating Cost in a sentence

  • Notwithstanding the foregoing, however, Landlord may treat as expenses (chargeable in the year incurred) and not as capital items, costs that would otherwise constitute capital items but are cumulatively less than two percent (2%) of Estimated Basic Operating Cost for the year in question.

  • State, 695 So. 2d at 271-72.It is inescapable from the relevant medical literature, which both the circuit court and the Fifth District meticulously scrutinized, that there is no such “general acceptance” of this underlying causal theory.

  • If the Basic Operating Cost Adjustment for any calendar year is a negative number (i.e., the Estimated Basic Operating Cost exceeds the actual Basic Operating Cost for such year), then Landlord shall credit Tenant’s Proportionate Share of the Basic Operating Cost Adjustment to Tenant’s payments of Estimated Basic Operating Cost hereunder, until such credit is exhausted.

  • There shall be a provision for the placement of non-binding questions on the AMS referendum ballot which shall be known as Plebiscite Questions.

  • The provisions for payment of Basic Operating Cost by means of periodic payment of Tenant’s Proportionate Share of Estimated Basic Operating Cost and the Basic Operating Cost Adjustment are intended to pass through to Tenant and reimburse Landlord for Tenant’s Proportionate Share of all costs and expenses incurred by Landlord and/or chargeable to Tenant under this Lease of the nature described in Section 3.05.


More Definitions of Estimated Basic Operating Cost

Estimated Basic Operating Cost for any calendar year shall mean Landlord’s estimate of Basic Operating Cost for the applicable calendar year.
Estimated Basic Operating Cost for any particular year shall mean Landlord's estimate of the Basic Operating Cost for such calendar year as hereinafter provided.
Estimated Basic Operating Cost for any particular year shall mean Landlord's estimate of the Basic Operating Cost for such fiscal year made prior to commencement of such fiscal year as hereinafter provided. Landlord shall have the right from time to time
Estimated Basic Operating Cost for any calendar month shall ------------------------------ mean Landlord's estimate of Basic Operating Cost for the calendar year within which such month falls divided by twelve (12) equal monthly installments.
Estimated Basic Operating Cost for any calendar year shall mean Landlord's estimate of Basic Operating Cost for 3 such calendar year.
Estimated Basic Operating Cost for any particular Expense Year shall mean Landlord's estimate of the Basic Operating Cost for such Expense Year.
Estimated Basic Operating Cost for any particular year shall mean Tenant's estimate of the Basic Operating Cost for such calendar year as hereinafter provided.