Estimated Operating Costs definition

Estimated Operating Costs means the monthly estimates of Tenant’s Proportionate Share of Operating Costs and Tax Expenses for each Expense Year to be given by Landlord to Tenant pursuant to the terms of Section 7.2.

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Estimated Operating Costs means Landlord's estimate of Operating Costs for the following Operating Year, adjusted as if ninety-five percent (95%) of the total rentable area of the Building had been occupied for the entire Operating Year.

Estimated Operating Costs for any calendar month shall mean Landlord's estimate of Operating Costs for the calendar year within which such month falls, divided into twelve (12) equal monthly installments. Landlord shall provide Tenant with a statement setting forth the Estimated Operating Costs and ▇▇▇▇▇▇'s Proportionate Share thereof within ninety (90) days after the Term Commencement Date and the commencement of each calendar year thereafter, Landlord may adjust such estimate from time to time by written notice. Until a new statement of Estimated Operating Costs is received Tenant shall continue to make the monthly payment of Estimated Operating Costs based on the last applicable statement thereof.

Examples of Estimated Operating Costs in a sentence

If such Operating Costs Allocable to the Premises for any Year exceed the Estimated Operating Costs Allocable to the Premises paid by Tenant to Landlord pursuant to subparagraph 3.4.1 for such Year, Tenant shall pay the amount of such excess to Landlord within twenty (20) Business Days after receipt of such statement by Tenant.
Landlord shall furnish Tenant a written statement of Estimated Operating Costs Allocable to the Premises in advance of the commencement of each Year.
Tenant shall pay to Landlord as Additional Rent one-twelfth (1/12) of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises.
If such statement shows the Operating Costs Allocable to the Premises to be less than the Estimated Operating Costs Allocable to the Premises paid by Tenant to Landlord pursuant to subparagraph 3.4.1, then the amount of such overpayment shall be paid by Landlord to Tenant within twenty (20) Business Days following the date of such statement or, at Landlord's option, shall be credited towards the installment(s) of Additional Rent next coming due from Tenant.
Tenant's proportionate share of the Annual Estimated Operating Costs shall be determined by multiplying Annual Estimated Operating Costs by a fraction, the numerator of which is the Rentable Floor Area of Tenant's Space, and the denominator of which is the Total Rentable Floor Area of the Building.

More Definitions of Estimated Operating Costs

Estimated Operating Costs for any Fiscal Year shall mean Landlord's estimate of the Operating Costs for such Fiscal Year. 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 Operating Costs means Landlord's estimate of Operating Costs for the following Lease Year to be given by Landlord to Tenant pursuant to paragraph 7(b)(1).

Estimated Operating Costs is defined in Section 4.2(b)(i)(A) herein.

Estimated Operating Costs means Landlord's estimate of

Estimated Operating Costs has the meaning given to such term in Section 2.08(a)(i) (Operating Accounts).

Estimated Operating Costs means the estimated costs reasonably expected to be paid or incurred by the Lessor during each Lease Year in connection with operating, repairing, maintaining and replacing the Premises, including the costs for the services and obligations imposed on the Lessor in Section 5(c) of this Lease Agreement.