Initial operating costs definition
Initial operating costs means expenditures for the operation of a supermarket or grocery store within the first three years after opening to the public, but within a standard range based upon industry standards, as determined by the authority.
Initial operating costs means expenditures for the operation of
Initial operating costs means the actual Operating Costs for the calendar year in which the effective date of any further amendment to the Lease documenting the expansion of the Leased Premises to include the Suite 565 Space occurs (which shall be the “Base Year” for the Suite 565 Space), adjusted as provided in the Lease.
More Definitions of Initial operating costs
Initial operating costs means expenditures by the applicant for the operation of a first or second new supermarket or grocery store within the first three years after the opening of the supermarket or grocery store for business to the public, but within a standard range based upon industry standards, as determined by the Authority. Initial operating costs shall not include inventory, incentive consultant fees, or Authority fees. Initial operating costs may include expenditures for the operation of a first or second new supermarket or grocery store incurred within one month prior to the opening of the supermarket or grocery store for business to the public. Initial operating costs may additionally include expenditures by an affiliate of the applicant for costs incurred at the site of the project.
Initial operating costs is defined within the definition of “Operating Costs” below.
Initial operating costs means the actual Operating Costs for the calendar year 2011 (the “Base Year”), adjusted as provided in the Lease.