Estimated Operating Costs definition

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 means the annual estimates of Tenant's Proportionate Share of Operating Costs for each calendar year, after the First Calendar Year (as defined herein) to be given by Landlord to Tenant pursuant to the terms hereof

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 Xxxxxx’s Proportionate Share thereof within a reasonable period of time after the 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 applicable to the prior year.

Examples of Estimated Operating Costs in a sentence

• If Xxxxxx’s Proportionate Share of Operating Costs for any Calendar Year exceeds the payments received by Landlord towards Tenant’s Proportionate Share of Estimated Operating Costs for such year, Tenant shall pay to Landlord Tenant’s Proportionate Share of the Operating Costs Adjustment within thirty (30) days after delivery of the Cost Statement.

• Tenant shall pay as Additional Rent Tenant’s Proportionate Share of Estimated Operating Costs in advance, on or before the first day of each calendar month, in the same manner as set forth above for Basic Rent.

• Landlord shall, within a reasonable period of time after the end of any Calendar Year for which Estimated Operating Costs differs from actual Operating Costs, give written notice thereof to Tenant (a “Cost Statement”).

• The term “Operating Costs Adjustment” for any Calendar Year shall mean the difference, if any, between Estimated Operating Costs and actual Operating Costs for that Calendar Year.

• Until a new statement of Estimated Operating Costs is received Tenant shall continue to make the monthly payment of Estimated Operating Costs applicable to the prior year.

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 Operating Costs for a particular calendar year (or fiscal year where Landlord has exercised its option under Section 7.8).

Estimated Operating Costs means Landlord's reasonable estimate of the Operating Costs for an Operating Year.

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.

Estimated Operating Costs means Landlord's estimate of