Expense Base definition

Expense Base means the Expenses for the 2017 Expense Year.

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 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.

• 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.

• If the actual Real Estate Taxes or Operating Expenses per square foot times the rentable square feet contained within the Premises are less than the Real Estate Tax Base or Operating Expense Base, respectively, Tenant shall not be entitled to any refund or credit.

• If with respect to any Calendar Year, Tenant's Share of (a) Operating Expenses exceeds the Operating Expense Base or (b) Taxes exceeds the Tax Base (whether as the result of an increase in rate or assessment or both), Tenant shall pay to Landlord the amount of each such excess.

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 average of the Expenses for the 1993 and 1994 Calendar Years.

Expense Base means the amount of monthly Operating Expenses which is included in the base monthly rent, which amount is Eleven Thousand Twenty-Five and no/100ths Dollars ($11,025.00) per month.

Expense Base shall have the meaning set forth in Section 4.1A(8) of this Lease.

Expense Base means the Operating Expense for the calendar year 2001.

Expense Base. YEAR: 1998, as more particularly defined in paragraph 4.2.

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.