Operating Cost definition

Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

Operating Cost means the costs associated with operating a DCA funded property after it is placed in service.

Operating Cost means the total cost and expense incurred in operating, managing, insuring, equipping, lighting, repairing, maintaining and policing the Real Property, including the exterior of the Real Property and the common areas, and specifically including, without limitation, items of expense for or related to: insurance premiums and deductibles, management, bookkeeping.

Examples of Operating Cost in a sentence

• Expenditure so deferred is limited to the value of future benefits expected and is amortised through the Operating Cost Statement on a systematic basis over the period expected to benefit from the project.

• Landlord may commingle any payments made with respect to Operating Cost Share Rent or Tax Share Rent, without payment of interest.

• Income disclosed in the Operating Cost Statement reflects only the amounts other than Assembly Funding.

• The certifying party may also be required to state the date of commencement of payment of Rent, the Commencement Date, the Termination Date, the Base Rent, the current Operating Cost Share Rent and Tax Share Rent estimates, the status of any improvements required to be completed by Landlord, the amount of any security deposit, and such other matters as may be reasonably requested.

• This reserve is credited with the value of the original donation and any subsequent revaluation and indexation; an amount equal to the depreciation charge is released from this reserve each year to the Operating Cost Statement.

More Definitions of Operating Cost

Operating Cost means the total operating cost as reported by the operator under the Uniform System of Accounts and Records, pursuant to Section 99243 and subdivision (a) of Section 99247.

Operating Cost or “Cost of Operations” means those costs actually incurred by Contractor, reasonably necessary to perform under this agreement, and not otherwise specifically excluded in this agreement.

Operating Cost means the total cost and expense incurred in operating, managing, insuring, equipping, lighting, repairing, maintaining and policing the Real Property, including the exterior of the Real Property and the common areas, and specifically including, without limitation, items of expense for or related to: insurance premiums and deductibles, management, bookkeeping, and accounting fees, and an annual addition equal to % per annum of the Operating Cost for a reserve fund for major repairs, replacements, and renovations. With each monthly Base Rent payment, Tenant shall pay an estimate of Xxxxxx’s share of the Operating Cost. Such monthly estimates shall be based on the prior year’s actual Operating Cost. On an annual basis, Landlord shall reconcile Tenant’s payments against the actual Operating Cost. In the event Tenant’s payments are less than its share of the actual Operating Cost, Tenant shall pay such deficiency within days of request by Landlord. In the event Tenant’s payments exceed its share of the actual Operating Cost, Landlord shall apply the overpayment to the next monthly estimate(s).

Operating Cost as used in this clause, means the cost of operating equipment such as operating crew labor, servicing labor and equipment, labor and parts for all repairs and maintenance, fuel, oil, grease, supplies, tire wear and repair.

Operating Cost means the total cost and expense incurred in operating, managing, insuring, equipping, lighting, repairing, maintaining and policing the Real Property, including the exterior of the Real Property and the common areas, and specifically including, without limitation, items of expense for or related to: insurance premiums and deductibles, management, bookkeeping, and accounting fees, and an annual addition equal to __________% per annum of the Operating Cost for a reserve fund for major repairs, replacements, and renovations. With each monthly Base Rent payment, Tenant shall pay an estimate of Tenant’s share of the Operating Cost. Such monthly estimates shall be based on the prior year’s actual Operating Cost. On an annual basis, Landlord shall reconcile Tenant’s payments against the actual Operating Cost. In the event Tenant’s payments are less than its share of the actual Operating Cost, Tenant shall pay such deficiency within __________ days of request by Landlord. In the event Tenant’s payments exceed its share of the actual Operating Cost, Landlord shall apply the overpayment to the next monthly estimate(s).

Operating Cost means the share of the Annual Budget or Amended Annual Budget attributable to the applicable Month for a Billing Statement.

Operating Cost shall have the meaning given in Section 2.04.