Operating Cost Base definition

Operating Cost Base means the actual Operating Costs for the calendar year 2008 (the “Operating Cost Base Year”). If and to the extent the Building is less than fully occupied during the Operating Cost Base Year, then those Operating Costs which are variable based upon occupancy levels shall be equitably adjusted to reflect the Operating Costs which would have been incurred had the Building been fully occupied during such Operating Cost Base Year.

Operating Cost Base means Operating Costs for the ------------------- Base Year.

Operating Cost Base has the meaning set forth in Item 11E of the Summary ------------------- of Basic Terms.

Examples of Operating Cost Base in a sentence

• It is hereby expressly understood and agreed that any such costs shall not be included within the "Operating Cost Base" for the Building.

• At the time that such Yearly Rent, Building Operating Cost Base, Complex Operating Cost Base and Tax Base are determined, the parties shall execute a written agreement confirming the same.

• Subsequent to the Base Year --------------------------------------------- and Base Tax Fiscal Year, Landlord shall provide one or more statements to Tenant setting forth the Operating Cost Base, Insurance Cost Base, and/or the Tax Base (each such statement being referred to hereinafter as a "Base ---- Statement").

• Operating Costs for any calendar year ---------------------------------- minus the Operating Cost Base; payable monthly (when base exceeded) in equal installments.

• The Additional Rent shall equal the product of (a) Tenant’s Pro Rata Share of Operating Costs multiplied by the difference between Operating Costs minus the Operating Cost Base Amount; (b) Tenant’s Pro Rata Share of Property Taxes multiplied by the difference between Property Taxes minus the Property Tax Base Amount; and (c) Tenant’s Pro Rata Share of Insurance Costs multiplied by the difference between Insurance Costs minus the Insurance Base Amount.

More Definitions of Operating Cost Base

Operating Cost Base means the amount arrived at by computing the actual costs of operation, management, repair, cleaning and maintenance of the Property, Building, related equipment and facilities, heating and cooling equipment, including, without limitation, those items described in clauses (1) through (15) inclusive of Section (e) of this Section XI shown above, for the calendar year 1996.

Operating Cost Base means the actual Operating Costs paid or incurred by Landlord in the Base Year, a statement of which Operating Cost Base shall be delivered by Landlord to Tenant within a reasonable time after the end of the Base Year. The Operating Cost Base when and as determined by Landlord shall be used to determine the Operating Cost Adjustment for calendar years following the Base Year.

Operating Cost Base. The actual amount of Operating Costs for calendar year 1997, as the same may be adjusted to account for vacancies in the Park in accordance with Article 9.1 (g)(5) of the Lease.

Operating Cost Base means the amount arrived at by computing the actual costs of operation, management, repair, cleaning and maintenance of the Building, related equipment and facilities, heating and cooling equipment, including, without limitation, those items described in clauses (a) through (o) inclusive of this Section X(b)(1) shown above, for the calendar year 2000. If during the Operating Cost Base year, the Building has an average annual occupancy rate of less than one hundred percent (100%) of the net rentable square footage, then for the purposes of this subsection (b)(2) those Operating Costs which are variable depending upon occupancy levels shall be equitably adjusted as though the Building occupancy were one hundred percent (100%).

Operating Cost Base is hereby amended by adding thereto the following: "Notwithstanding the following, the Operating Cost Base for the Seventh Amendment Additional Space shall be Calendar Year 1996."

Operating Cost Base. All Landlord’s Operating Costs for calendar year 2008, calculated in the manner provided for in Section 4.2.1, including without limitation the penultimate sentence thereof. REAL ESTATE TAX BASE: All Real Estate Taxes attributable to fiscal year 2008, calculated in the manner provided for in Section 4.2.2, including without limitation the final sentence thereof. TENANT’S PRO RATA SHARE: 26.70%, representing the Rentable Floor Area of the Premises expressed as a fraction of the Total Rentable Floor Area of the Building. TENANT IMPROVEMENT COST SAVINGS AMOUNT: The lesser of (A) $[****] less the Improvement Cost (defined below), and (B) $[****]. PERMITTED USES: Office and electronic laboratory, including assembly and light manufacturing and uses accessory thereto to the extent permitted by applicable law. COMMERCIAL GENERAL LIABILITY INSURANCE: $2,000,000 combined single limit per occurrence; $2,000,000 annual aggregate. BROKERS: Xxxxx Xxxx LaSalle and FHO Partners SECURITY DEPOSIT AMOUNT: $500,000, subject to the provisions of Section 10.19. The Security Deposit Amount will decline to $400,000 after the end of the second Lease Year, to $300,000 after the end of the third Lease Year and to $200,000 after the end of the fourth Lease Year, in each instance provided that at such time no Event of Default exists. GUARANTOR: None.

Operating Cost Base means the Operating Costs for the property during the Base Year. In the event the Building is not fully operational and available for occupancy by tenants for the entire calendar year constituting the Base Year, the Operating Cost Base shall be determined by annualizing the actual Operating Costs of the Base Year as if the Building were 95% occupied for the full calendar year.