Expense Base definition

Expense Base. The sum of Operating Expenses allocable to the Premises during calendar year 2012, and the Taxes allocable to the Premises during tax calendar year 2013.

Expense Base means the Expenses for the 2017 Expense Year.

Expense Base and the "TAX BASE" shall be Landlord's Operating Expenses and Real Estate Taxes (respectively) far the fiscal year ending June 30, 1997. Landlord and Tenant hereby agree that Tenant's pro rata share (`Tenant's Share") shall be as follows: Total Footage in Building: 118,349 Demised Premises: 17,005 Tenant's Share 14.37%

Examples of Expense Base in a sentence

• The amount determined by multiplying the Operating Expense Base by the Adjustment Factor.

• The Operating Expense Base for the Expansion Space shall mean the amount of Operating Expenses for the calendar year 2015.

• If either such estimate exceeds the respective Real Estate Tax Base or Operating Expense Base (as defined above), Tenant shall pay, as Additional Rental, along with its monthly Minimum Rental payments required hereunder, one-twelfth (1/12) of such excess estimated Operating Expenses and/or Real Estate Taxes and such Additional Rental shall be payable until subsequently adjusted for the following year pursuant to this Article.

• Tenant may, within one hundred eighty (180) days after receiving Landlord’s statement of Operating Expenses or Taxes, give Landlord written notice (“Review Notice”) that Tenant intends to review Landlord’s records of the Operating Expenses or Taxes for that calendar year and, if Tenant so chooses, the Calendar Year immediately preceding and/or the Operating Expense Base Year and Tax Base Year.

• During each calendar year or partial calendar year of the Term following the Expense Base Year and the Tax Base Year, as the case may be, Tenant shall pay to Landlord, in advance, concurrently with each monthly installment of Base Rent, an amount equal to the estimated Additional Rent for such calendar year or part thereof divided by the number of months Tenant is in occupancy during said calendar year.

More Definitions of Expense Base

Expense Base and the "TAX BASE" shall be Landlord's Operating Expenses and Real Estate Taxes (respectively) for the fiscal year ending June 30, 1998. Landlord and Tenant hereby agree that Tenant's pro rata share ("Tenant's Share") shall be as follows:

Expense Base means the Expenses attributable to the Project for the Base Year which is defined as calendar year 2003. If Building is less than 95% leased and occupied, Expenses (including those of the Expense Base) shall be equitably adjusted to reflect 95% occupancy.

Expense Base shall have the meaning set forth in Section 4.02F hereof.

Expense Base means the Expenses for the Expense Base Period, which Landlord and Tenant agree shall be calculated as follows: (i) the Expenses for the first Expense Year in which 85% of the rentable area of the Building Office Space shall have been occupied by tenant(s) for the conduct of business for the entire such Expense Year (the “First Full Occupancy Year”), shall be calculated in accordance with Section 4.02E hereof (including the Gross Up Provisions), and (ii) such Expenses for the First Full Occupancy Year shall be reduced at the rate of three and a half percent (3.5%) per annum compounded annually for each Expense Year from the last day of the First Full Occupancy Year to the last day of the Expense Base Period.

Expense Base. As used herein the term:

Expense Base means that amount of the Base Rent which is attributable to Operating Expenses and Taxes incurred by the Landlord for the operation, maintenance and service of the Project. The Expense Base is stated as an amount per rentable square foot. For the purposes of this Lease, the Tenant's Expense Base is $5.63 per rentable square foot of Leased area.

Expense Base means the average of the Expenses for the 1993 and 1994 Calendar Years.