Expense Base Year definition

Expense Base Year means the year set forth in Section 9.1 of the Summary.

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Expense Base Year shall be as specified in paragraph 1.11 of the basic lease provisions.

Expense Base Year. The calendar year 2008

Examples of Expense Base Year in a sentence

Landlord has furnished to Tenant a schedule of Operating Expenses for said Operating Expense Base Year, which has been adjusted for 100% occupancy of the Building and is annexed hereto as Exhibit “B”.
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.
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.
For any partial year within the Lease Term, the Excess shall be calculated by comparing Tenant’s Share of Operating Expenses, Tenant’s Share of Tax Expenses and/or Tenant’s Share of Utilities Costs for such partial Expense Year, as applicable, to the comparable prorata portion of Tenant’s Share of Operating Expenses, Tenant’s Share of Tax Expenses and/or Tenant’s Share of Utilities Costs applicable to the Expense Base Year, Tax Expense Base Year or Utilities Base Year, as the case may be.
Landlord shall make a good faith estimate of the Additional Rent to be due by Tenant for any calendar year or part thereof during the Term following the Expense Base Year and the Tax Base Year, as the case may be.

More Definitions of Expense Base Year

Expense Base Year. Calendar Year 2019.

Expense Base Year. As used in this Lease, the term "Base Year" shall mean the 1996 calendar year.

Expense Base Year. The calendar year 1996.

Expense Base Year. For the Original Premises: the calendar year ending December 31, 2004; For the Expansion Premises: the calendar year ending December 31, 2005. REAL ESTATE TAX BASE YEAR: For the Original Premises: the twelve month period ending on June 30, 2004; For the Expansion Premises: the twelve month period ending on June 30, 2005.

Expense Base Year means the average of the costs paid by or incurred by the Landlord for Expenses in calendar year 1997 and calendar year 1998. C. TAXES If the Taxes in any Lease Year shall be more than the Taxes in the Tax Base Year by ten or more percent, then the Tenant shall pay to the Landlord as additional rent, an amount equal to its proportionate share of any increase in Taxes as may exceed 10 percent of the Taxes in the Tax Base Year. If the Taxes in any Lease Year shall be less than the Taxes in the Tax Base Year by ten or more percent, then the Landlord shall pay to the Tenant an amount equal to its proportionate share of any reduction in Taxes as may exceed 10 percent of the Taxes in the Tax Base Year. Tenant's proportionate share shall be a fraction where the numerator is the total amount of square footage leased by Tenant and the denominator is the total amount of square footage in the buildings attached to the Real Property. D. EXPENSES If the Expenses in any Lease Year shall be more than the Expenses in the Expense Base Year by ten or more percent, then the Tenant shall pay to the Landlord as additional rent an amount equal to its proportionate share of any increase in Expenses as may exceed 10 percent or more of the Expenses in the Expense Base Year. If the Expenses in any Lease Year shall be less than the Expenses in the Expense Base Year by 10 or more percent, then the Landlord shall pay to the Tenant an amount equal to its proportionate share of any reduction in Expenses as may exceed 10 percent of the Expenses in the Expense Base Year. Tenant's proportionate share shall be a fraction where the numerator is the total amount of square footage leased by Tenant and the denominator is the total amount of square footage in the buildings attached to the Real Property. E-5 E. NEXT PAYMENT Any additional rent due to the Landlord for Taxes or Expenses shall be paid within thirty (30) days after the submission of a statement to the Tenant showing the computation of the amount due to the Landlord. Any amounts due to the Tenant for Taxes or Expenses shall be paid by the Landlord to the Tenant by crediting such amount toward the payment of the monthly installment of fixed rent becoming due on the first day of the month immediately following the submission of such statement, or, in the case of the last Lease Year of the term, shall be refunded to the Tenant within thirty (30) days after the end of such last Lease Year. The Landlord shall make available records in reas...

Expense Base Year means the Calendar Year 2021 (i.e., January 1, 2021 through December 31, 2021).

Expense Base Year shall be as set forth in Schedule 1, Supplemental Provisions, Paragraph 2, and is defined and determined pursuant to Exhibit C, Determination of Tenant's Operating Expenses.