Fixed Operating Expenses for any period, all fixed costs and expenses of owning, and operating the Facilities in the aggregate except where the Agreement expressly provides that Fixed Operating Expenses shall be determined for each Facility to the extent such costs and expenses are not included in Operating Expenses, including but not limited to (a) Managers' Base Management Fee (excluding the amount of any Accrued Management Fee accrued during such period); (b) all amounts to be paid into the Reserve Account and the cost of Capital Improvements approved by Owners not funded from the Reserve Account; (c) the debt service on account of the Senior Loan; (d) the real and personal property ad valorem taxes and assessments; and (e) all costs and expenses of all property and casualty insurance on or in respect of the Facilities provided for herein and the amount of all self-insured losses or deductibles. Fixed Operating Expenses shall not include the Excluded Expenses. Furnishings and Equipment: all furniture, furnishings, beds, equipment, food service equipment, apparatus and other personal property used in (or if the context so dictates, required in connection with), the operation of each Facility, other than Operating Equipment, Operating Supplies and fixtures attached to and forming part of the Improvements.
Fixed Operating Expenses means the monthly Fixed Operating Expenses for each of the Drillship and the Rig at the applicable time as defined in the applicable O&M Contract.
Fixed Operating Expenses for any period, all fixed costs and expenses of owning, and operating each Facility (determined separately for each Facility) to the extent such costs and expenses are not included in Operating Expenses, including but not limited to (a) Managers' Base Management Fee (excluding the amount of any Accrued Management Fee accrued during such period); (b) all amounts to be paid into the Reserve Account and the cost of Capital Improvements approved by Owners not funded from the Reserve Account; (c) the debt service on account of the Senior Loan; (d) the real and personal property ad valorem taxes and assessments; and (e) all costs and expenses of all property and casualty insurance on or in respect of the Facilities provided for herein and the amount of all self-insured losses or deductibles. Fixed Operating Expenses shall not include the Excluded Expenses. Furnishings and Equipment: all furniture, furnishings, beds, equipment, food service equipment, apparatus and other personal property used in (or if the context so dictates, required in connection with), the operation of each Facility, other than Operating Equipment, Operating Supplies and fixtures attached to and forming part of the Improvements.
Examples of Fixed Operating Expenses in a sentence
Landlord and Tenant agree that except for the increases in the Monthly Fixed Operating Expenses as provided above, the Monthly Fixed Operating Expenses shall not be reconciled against the actual operating expenses incurred by Landlord at any time during the Lease Term.
Base Rent, Taxes, and the Monthly Fixed Operating Expenses shall be abated for the period of repair and restoration commencing on the date of such casualty event in the proportion which the area of the Premises, if any, which is not usable by Tenant bears to the total area of the Premises.
The first month's Base Rent, Taxes, and Monthly Fixed Operating Expenses shall be due and payable upon execution of this Lease.
Landlord hereby acknowledges that the Monthly Fixed Operating Expenses provided in Paragraph 1 of this Lease includes the anticipated cost to maintain the Supplemental Units Tenant intends to install for the office area of the Premises as well as the anticipated costs savings resulting from the planned removal of evaporated coolers serving the warehouse portions of the Premises.
In such event, the terms and conditions of each separate management agreement shall be the same as this Agreement, except Total Revenues, Operating Expenses, Fixed Operating Expenses, Operating Profit and Operating Deficit shall be computed only with respect to the Facilities subject to each separate management agreement.
More Definitions of Fixed Operating Expenses
Fixed Operating Expenses. Means any operating expenses (including ordinary payroll) that must continue to be incurred and that cannot be reasonably avoided during the business impact period or reputational impact period.
Fixed Operating Expenses. (“FOE”): Operating Expenses: USD$5,954.00 Capital Repairs/Replacements: USD$1,431.12 Total FOE: USD$7,385.12
Fixed Operating Expenses means operating and management expense for the Demised Premises which are not “Variable Operating Expenses” and which shall not exceed thirty- four percent (34%) of the Gross Income, and shall include: (i) administrative expenses;
Fixed Operating Expenses for any period, all fixed costs and expenses of owning, and operating the Facilities in the aggregate except where the Agreement expressly provides that Fixed Operating Expenses shall be determined for each Facility to the extent such costs and expenses are not included in Operating Expenses, including but not limited to (a) all amounts to be paid into the Reserve Account and the cost of Capital Improvements approved by Owners not funded from the Reserve Account; (b) the debt service on account of the then Senior Loan; provided, however, that solely for purposes of calculating the Additional Management Fee under Section 7.2, the Senior Loan shall be deemed to be the amount of $131,388,750 and the debt service shall be interest only at the then interest rate of the Senior Loan; (c) the real and personal property ad valorem taxes and assessments; (d) the Base Management Fee and the Additional Management Fee; and (e) all costs and expenses of all property and casualty insurance on or in respect of the Facilities provided for herein and the amount of all self-insured losses or deductibles. Fixed Operating Expenses shall not include the Excluded Expenses.
Fixed Operating Expenses shall exclude any expenses attributable to the Facility during the term of this Agreement other than the Facility Debt Service.
Fixed Operating Expenses for any period, all fixed costs and expenses of owning, and operating the Facilities in the aggregate, except where the Agreement expressly provides that Fixed Operating Expenses shall be determined for each Facility, to the extent such costs and expenses are not included in Operating Expenses, including but not limited to (a) all amounts to be paid into any reserve account and the cost of Capital Improvements approved by Owners including those funded from any reserve account; (b) the debt service on account of the then Senior Loan; (c) the real and personal property ad valorem taxes and assessments; (d) the Base Management Fee; and (e) all costs and expenses of all property and casualty insurance on or in respect of the Facilities provided for herein and the amount of all self-insured losses or deductibles. Fixed Operating Expenses shall not include the Excluded Expenses.
Fixed Operating Expenses shall have the meaning specified in the Indenture.