Operating Charges means any amounts charged in respect of the operation of an investment account of a client, including service charges, administration fees, safekeeping fees, management fees, performance fees;
Operating Charges means all expenses incurred in the operation, maintenance, and repair of the Leased Premises , including the following: (1) water, electricity, and other utility charges of every type and nature; (2) premiums and other charges for insurance and deductibles under such insurance policies; (3) any business, professional, and occupational license tax payable by the Lessee with respect to the Leased Premises; (4) any costs to comply with legal or insurance requirements applicable to the Leased Premises; and (5) any other expense incurred in maintaining the Leased Premises.
Operating Charges. As defined in Section 5.4.
Examples of Operating Charges in a sentence
The Operating Charges shall be collected in advance with applicable taxes.
More Definitions of Operating Charges
Operating Charges means the sum of all direct and indirect costs and expenses of any kind or nature whatsoever incurred in connection with the management, operation, maintenance, repair, replacement and cleaning of the Building, the Land and the Common Areas. Commencing on the first day of the year following the Base Year and thereafter for the remainder of the Term, Licensee shall pay, as Additional Rent, Licensee’s proportionate share of the amount by which Real Estate Taxes for each year falling entirely or partially within the Term following the Base Year exceeds the Base Year Real Estate Taxes (hereinafter referred to as the “Real Estate Taxes Escalation”). As of the date hereof, Licensee’s Proportionate Share is agreed to be 30.25%.
Operating Charges as defined in Clause 9.2;
Operating Charges means the sum of the following expenses incurred by Landlord in the ownership and operation of the Building: (1) electricity, gas, water, HVAC, sewer and other utility charges of every type and nature; (2) commercially reasonable premiums and other charges for insurance; (3) management fees that are customary in the industry for comparable services in comparable buildings and personnel costs of the Building; (4) costs of service and maintenance contracts relating to the Building as a whole; (5) maintenance, repair and replacement expenses and supplies which are properly deducted by Landlord in computing its federal income tax liability; (6) depreciation for capital expenditures made by Landlord to reduce operating expenses if Landlord reasonably estimates that the annual reduction in operating expenses shall exceed such depreciation or to comply with legal or insurance requirements which are first applicable after the date hereof; (7) charges for janitorial and cleaning services and supplies furnished to the Building; (8) any business, professional and occupational license tax payable by Landlord with respect to the Building; (9) [Intentionally Deleted]; (10) landscaping, snow removal, security, maintenance and repair of parking areas; and (11) any other expense incurred by Landlord in maintaining, repairing or operating the Building. Operating Charges shall not include: (i) principal or interest payments on any Mortgages (as defined in Section 21.1); (ii) leasing commissions with respect to the negotiation of leases; (iii) depreciation for capital expenditures, except as specified above; (iv) the costs of special services and utilities separately charged to particular tenants of the Building; (v) costs reimbursed to Landlord from any source including insurance claims and warranties (but excluding payments by other tenants for Operating Charges); (vi) costs of financing the Building and/or the Land; (vii) wages, salaries and other compensation paid to employees of Landlord or its managing agent above the level of senior property manager; (viii) leasing commissions, attorneys' fees, accounting fees, construction fees or other fees and expenses if such fees and expenses are incurred in connection with negotiations or disputes with tenants or prospective tenants of the Building; (ix) costs of administering the affairs of the ownership entity which are unrelated to the maintenance, management and ownership of the Building; (x) expenses in connection with servi...
Operating Charges means the sum of the following expenses incurred by Landlord in the ownership and operation of the Building: (1) electricity, gas, water, HVAC, sewer and other utility charges of every type and nature; (2) premiums, deductibles and other charges for insurance; (3) management fees and personnel costs of the Building; (4) costs of service, access and maintenance contracts relating to the Building as a whole; (5) maintenance, repair and replacement expenses and supplies which are deducted by Landlord in computing its federal income tax liability; (6) depreciation for capital expenditures made by Landlord to reduce operating expenses if Landlord reasonably estimates that the annual reduction in operating expenses shall exceed such depreciation or to comply with legal or insurance requirements applicable after the date hereof; (7) charges for janitorial and cleaning services and supplies furnished to the Building; (8) any business, professional or occupational license tax payable by Landlord with respect to the Building; (9) reasonable serves for replacements, repairs and contingencies; (10) sales, use and personal property taxes payable in connection with tangible personal property and services purchased for the Building; (11) accounting fees relating to the determination of Operating Expenses (and tenants’ proportionate shares thereof) and the preparation of statements required by tenant leases; (12) expenses incurred in connection with concierge services provided to the Building (if any) special assessments, fees, penalties and other charges and costs for transit, transit encouragement traffic reduction programs, or any similar purposes; and (13) any other expense incurred by Landlord in maintaining, repairing or operating the Building. Operating Charges shall not include: (i) principal or interest payments on any Mortgages (as defined in Section 21.1); (ii) leasing commission or legal fees with respect to the negotiation of leases; (iii) depreciation for capital expenditures, except as specified above; (iv) the costs of special services and utilities separately charged to particular tenants of the Building; and (v) the cost of any improvement, alteration, addition, change, replacement equipment, extraordinary repair, and other item which under generally accepted accounting principles (“GAAP”) is properly classified as a capital expenditure, except (A) capital expenses required by any law taking effect after the date hereof and which the Building does not co...
Operating Charges means the sum of all direct and indirect costs and expenses of any kind or nature whatsoever incurred in connection with the management, operation, maintenance, repair, replacement and cleaning of the Building, the Land and the Common Areas. The base year for the Expansion Premises for Operating Charges and Real Estate Taxes is 2012 (the “Base Year”). Licensee’s Proportionate Share is agreed to be 6.36%. Commencing on the first day of the year following the Base Year and thereafter for the remainder of the Term, Licensee shall pay, as Additional Rent, Licensee’s proportionate share of the amount by which Real Estate Taxes for each year falling entirely or partially within the Term following the Base Year exceeds the Base Year Real Estate Taxes (hereinafter referred to as the “Real Estate Taxes Escalation”). As of the date hereof,
Operating Charges has the meaning provided to such term in Clause 6.2
Operating Charges shall be determined in accordance with generally accepted accounting principles consistently applied from year to year as such principles are generally applied in the real estate industry, and shall mean the sum of all expenses incurred by Landlord in the ownership, operation, maintenance, repair and cleaning of the Building and the Complex (to the extent that such costs and expenses related to the Complex are reasonable allocated to the Building), including, but not limited to, the following: (1) electricity, gas, water, HVAC, sewer and other utility charges of every type and nature; (2) premiums and other charges for insurance and deductibles under such insurance policies; (3) commercially reasonable management fees and personnel costs of the Building; provided, however, that if during the