Expense Category definition
Examples of Expense Category in a sentence
Commencing on the first day of the first Comparison Year, and thereafter on the first day of each month during the Term, Tenant shall pay one-twelfth of Tenant’s Share of the estimated Expense Increase for each Expense Category (each such payment, an “Expense Payment”).
Appendix B also states, in part, Major Decisions include… · “costs, expenditure or commitment in excess of 10% per Expense Category contained in an Approved Budget “.
Tenant shall pay Landlord, as Additional Rent, Tenant’s Share of Operating Expenses and Tax Expenses attributable to each Comparison Year, to the extent each of such expense categories exceeds Base Operating Expenses and Base Tax Expenses, respectively (the “Expense Increases”), and each Expense Category shall be treated separately for the purpose of making such determinations.
For each Expense Category funded by this contract, include the following: a list of the items for each Expense Category (include computations where applicable) and a brief explanation of each item as it relates to the project.
Landlord shall give Notice to Tenant of the estimated Expense Increases for each Expense Category in each Comparison Year; provided, however, Landlord shall have the right to revise any of such estimates at any time and from time to time throughout the Term.
Any overpayment by Tenant of any Expense Increases in any Expense Category for the prior Comparison Year shall, at Landlord’s option, either be credited to Expense Increases next due from Tenant, or returned to Tenant in a lump sum payment within thirty (30) days following delivery of the Reconciliation Statement.
Within one hundred twenty (120) days following the end of each Comparison Year, or as soon thereafter as such information has been reconciled and compiled by Landlord, Landlord shall provide Tenant a statement (each, a “Reconciliation Statement”) showing the actual Expense Increases for the prior Comparison Year in each Expense Category.
Pepsi $450,000 FY28 Expense Category Baseline Allocation Assumptions 1.
Following the assignment detailed in paragraph 3.D., the General Overhead Cost Expense Category shall be assigned to each other Expense Category by adding to each such Expense Category the result of multiplying (x) the ratio of (i) the dollar amount of such Expense Category divided by (ii) the total dollar amount of all Annex I - 16 Expense Categories other than the General Overhead Cost Expense Category, by (y) the dollar amount of the General Overhead Cost Expense Category.
Within one hundred twenty (120) days following the end of each Comparison Year, or as soon as practicable thereafter, Landlord shall provide Tenant a statement (each, a “Reconciliation Statement”) showing the actual Expense Increases for the prior Comparison Year in each Expense Category.