Occupancy Costs definition

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

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

• Nothing contained in the foregoing shall limit the Tenant’s liability for payment of any Occupancy Costs in excess of the Occupancy Costs Holdback.

• The Landlord shall pay before delinquency (subject to participation by the Tenant by payment of Occupancy Costs) the Real Estate Taxes and other charges (except for the Tenant’s taxes under sections 9.2 and 9.3), which is imposed, levied, assessed or charged by any governmental or quasi-governmental authority having jurisdiction and which is payable upon or on account of the Development, during the Term.

• For illustrative purposes and without providing any representations thereon, the Landlord estimates that the Occupancy Costs payable for 2022 is $19.42 per square foot of rentable area per year.

• If the Landlord is delayed in delivering possession of all or any portion of the Premises to the Tenant on or before the Fixturing Period, then unless such delay is principally caused by or attributable to the Tenant, its servants, agents or independent contractors, then the date on which the Premises are to be made available to the Tenant, the Commencement Date and the obligation of the Tenant to pay Basic Rent and Occupancy Costs shall be postponed for a period equal to the duration of the delay.

• Provided there is no existing Event of Default beyond any applicable cure periods, the Landlord shall refund to the Tenant within 30 days after the Expiry Date any portion of the Security Deposit remaining less an amount (the “Occupancy Costs Holdback”), if any, equal to 5% of the Occupancy Costs, as determined by the Landlord, for the then current Fiscal Year.

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 Chevron pursuant to the Sublease, 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 BRG Manager 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 mxxx-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. Occupancy Costs" means rent, percentage rent, CAM, HVAC, utilities, merchant's association dues, building insurance, real estate taxes, structural repair, base telephone charges and other rent and/or occupancy costs payable either under leases or on account of occupancy of the Stores, all of which Merchant has paid and will continue to pay during the Sale Term for the Stores. Merchant represents and covenants that it has paid, will pay, and continue to pay when due all employee benefits programs (including health benefits and insurance), and shall pay when due all proper claims made or to be made thereunder, in each case for periods prior to and during the Sale Term relative to Store employees. All Expenses shall be paid by Merchant from the Proceeds when such Expenses are due. To the extent the Proceeds are insufficient to pay the Expenses, Merchant shall request payment from Agent. If Agent does not pay Merchant the amount requested within 48 hours after notice is given, Merchant shall be entitled to draw such amount from the Letter of Credit. 4. Proceeds (a) For purposes of this Agreement, "Proceeds" shall mean the total amount (in Canadian dollars) of: (i) all sales of Merchandise made under this Agreement (exclusive of sales, excise and gross receipt taxes, credit card and bank card fees, and returns, allowances and customer credits). All sales will be made only for cash, and by credit and debit cards currently accepted by Merchant. Agent may, at its decretion, accept checks provided that the bad debt risk associated with such checks shall be borne by Agent. Agent shall at Merchant's request accept store credits, due bills and Merchant gift certificates issued prior to the Sale Commencement Date, but conditioned upon arrangements satisfactory to Agent that such amounts will be credited to Agent in the weekly reconcilation. For seven days from the Sale Commencement Date, Agent shall accept, for exchange only, returns of goods evidenced by a receipt dated not more than one week prior to the Sale Commencement Date. Returned goods that in Agent's reasonable discretion are damaged or defective shall be set aside for Merchant. Merchant shall credit Agent for the Retail Price of Merchandise given to a customer in exchange for the damaged or defective goods returned. Merchant may at its decretion accept returns of goods after the first week of the Sale, but, unless otherwise agreed by the parties, such returned goods shall be the sole responsibility of the Ag...