Operating Expense Base definition

Operating Expense Base means Operating Expenses for the Base Operational Year;

Operating Expense Base. With respect to each Calendar Year the amount determined by multiplying the Rentable Area of the Premises by the amount hereinbefore set forth as the Operating Expense Base per square foot of Rentable Area per year, but with respect to the First Calendar Year and the Last Calendar Year, the Adjusted Operating Expense Base.

Operating Expense Base means the allowance for Operating Expenses that Landlord will credit to Tenant's Share of Operating Expenses under Article VII, which allowance amount is set forth under Item 19 of the Basic Lease Provisions.

Examples of Operating Expense Base in a sentence

• The amount determined by multiplying the Operating Expense Base by the Adjustment Factor.

• The Operating Expense Base for the Expansion Space shall mean the amount of Operating Expenses for the calendar year 2015.

• Tenant may, within one hundred eighty (180) days after receiving Landlord’s statement of Operating Expenses or Taxes, give Landlord written notice (“Review Notice”) that Tenant intends to review Landlord’s records of the Operating Expenses or Taxes for that calendar year and, if Tenant so chooses, the Calendar Year immediately preceding and/or the Operating Expense Base Year and Tax Base Year.

• If the actual Real Estate Taxes or Operating Expenses per square foot times the rentable square feet contained within the Premises are less than the Real Estate Tax Base or Operating Expense Base, respectively, Tenant shall not be entitled to any refund or credit.

• Under no circumstances shall Tenant be entitled to any refund of or credit against Operating Expenses for any Expense Increase Year should Operating Expenses ever be less than the Operating Expense Base.

More Definitions of Operating Expense Base

Operating Expense Base. The quotient obtained by dividing (i) $1,162,899.00, by (ii) the Building Rentable Area. Operating Expense Commencement Date: January 1, 1998.

Operating Expense Base. For each square foot of Building Rentable Area, the sum of Landlord's Operating Expenses for calendar year 1998, divided by the Building Rentable Area.

Operating Expense Base means the Operating Expenses for the Calendar year 1997.

Operating Expense Base. YEAR: Operating Costs incurred in calendar year 2000 REAL ESTATE TAX BASE YEAR: Real estate taxes incurred in fiscal year ending June 30, 2000 ANNUAL-ESTIMATED ELECTRICAL COST TO TENANTS SPACE (included in Annual Rent): $7,403 : $1.00 (p.r.s.f.)

Operating Expense Base. $9.62 per rentable square foot of Premises per annum.

Operating Expense Base. $_______ per square foot of Rentable Area of the Building per annum.

Operating Expense Base means the dollar amount per square foot of the Rentable Area as set forth on the Lease Summary.