Occupancy Costs definition

Occupancy Costs means expenses related to the acquisition, maintenance, and financing of a property, or rental of property necessary for service.

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Occupancy Costs means amounts payable by Tenant to Landlord under Article 4.02.

Occupancy Costs means amounts payable by the Tenant to the Landlord under Section 4.3 and defined in Schedule C attached hereto;

Examples of Occupancy Costs in a sentence

• As with the annual Basic Rent, Occupancy Costs are payable by the Tenant in twelve equal monthly installments in advance, throughout the Term, without any deduction, abatement or set-off.

• Without further notice or demand, the Tenant shall pay to the Landlord the amount of the Occupancy Costs in equal monthly installments, in advance, over the Fiscal Year or portion thereof, simultaneously with the Tenant’s payments on account of Base Rent.

• If any delay in the completion of the Landlord’s Work is attributable to the Tenant, its servants, agents or independent contractors, the obligation of the Tenant to pay Base Rent and Occupancy Costs shall not be deferred.

• Should the Tenant change banks or financial institutions or branches within the same bank or financial institution during the Term of this Lease, then the Tenant shall deliver a new executed authorization and voided cheque to enable the Landlord to draw or issue a debit to the new account of the Tenant for payment of monthly Base Rent and Occupancy Costs payment.

• Notwithstanding anything to the contrary herein, Landlord shall not be required to process any request for Landlord's consent to an assignment or subletting until Tenant has paid to Landlord the amount of Landlord's estimate of the Processing Costs and the Occupancy Costs.

More Definitions of Occupancy Costs

Occupancy Costs means the amount equal to the Tenant’s Proportionate Share of Real Estate Taxes and Operating Expenses calculated in accordance with generally accepted accounting principles, on a per square foot basis, in each Fiscal Year without duplication.

Occupancy Costs means the costs of depreciation, amortization of leasehold improvements, rent, property taxes, interest and other related costs.

Occupancy Costs means those costs associated with occupying eligible space including custodial, utility, maintenance and other costs as outlined in the occupancy costs formula.

Occupancy Costs means collectively all of BRRE’s out-of-pocket expenses related to the Subleased Premises, including, without limitation, all rent and other amounts owing to Prime Landlord pursuant to the Prime Lease, all utility expenses in connection therewith, and all other office-related expenses, including, without limitation, postage, supplies and subscriptions incurred in connection with the Subleased Premises. The parties acknowledge that the amount of Occupancy Costs for which BR OPERATOR or, as applicable, its Permitted Designee will be responsible will not be fixed but instead will fluctuate during the Term. BRRE agrees that Occupancy Costs shall be calculated without any m▇▇▇-up by BRRE (or imposition of administrative or similar fees). BRRE further agrees that expenses associated with the Bluerock Entities’ Employees shall not constitute “Occupancy Costs” for purposes hereof.

Occupancy Costs means common area maintenance costs, mall dues, real estate taxes, all rent (including additional rent determined by reference to the revenues of the tenant) paid by the Company and its Subsidiaries (determined on a consolidated basis) under Long Term Leases, and sales taxes on Occupancy Costs, excluding, however, utilities and telephone charges

Occupancy Costs for any Fiscal Year means the product obtained by multiplying the Operating Cost in respect of that Fiscal Year by the Square Feet in the Premises.

Occupancy Costs are defined in Schedule C.