Expense Base definition

Expense Base means the Expenses for the 2017 Expense Year.

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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) 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:

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.

• Accordingly, in determining the amount of Base Year Operating Expenses, if less than one hundred percent (100%) of the Building rentable area was occupied by tenant(s) at any time during any such Operating Expense Base Year, Base Year Operating Expenses shall be an amount equal to expenses which would have been incurred in the Building under an operating clause such as this one had such occupancy been one hundred percent (100%) throughout such Operating Expense 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.

• 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.

More Definitions of Expense Base

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%

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. 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.

Expense Base. The actual expenses (per net rentable square foot per annum) incurred for the operation of the Building and its appurtenances for the calendar year 1996. See also Item 5 of this Lease for a more detailed description of the applicable expenses, such expenses being the Operating Expenses, Real Estate Taxes and Utility Costs described in said Item 5.

Expense Base means the Expenses (as hereinafter defined) for the 2000 Expense Year.

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