Operating Expense Stop definition

Operating Expense Stop means an amount equal to the actual Operating Expenses (on a per rentable square foot basis) for the calendar year 2015 (“Operating Expense Base Year”), subject to adjustment under Section 3 below.

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Operating Expense Stop. The meaning given in Paragraph 17 of the Basic Lease Terms shall apply.

Operating Expense Stop. The quotient of (i) the amount of the Actual Operating Expenses for the Project for the calendar year 1997, divided by (ii) the number of square feet of Rentable Area in the Building.

Examples of Operating Expense Stop in a sentence

• Beginning on the Commencement Date, Tenant shall pay to Landlord each calendar year the Additional Rental (herein so called) equal to Tenant's proportionate share of (i) the Actual Operating Expenses (defined below) for the Project for such calendar year in excess of (ii) the Operating Expense Stop multiplied by the number of square feet of Rentable Area in the Building.

• LESSEE shall pay to LESSOR as additional rent per annum ("Additional Rent") a proportionate share (9.02%) of any increase in the Operating Costs (defined below) in the building (including the related land, driveways, parking facilities, and similar improvements) of which the leased premises are a part (hereinafter called the building), for a given calendar year over the actual Operating Costs in the building for the calendar year 1999 (the "Operating Expense Stop").

• Commencing on the first day of the first month following receipt of such statement and continuing until receipt by Tenant of Landlord’s statement of the next projection, Tenant shall pay to Landlord with each monthly installment of Fixed Rent an amount equal to: (a) one-twelfth (1/12th) of such projected Tenant’s Proportionate Share of Operating Expenses over the Operating Expense Stop and (b) one-twelfth (1/12th) of such projected Tenant’s Proportionate Share of Taxes over the Tax Expense Stop.

• The Minimum Rental for the Premises shall be the then fair market rental (“Market Rate”) applicable to the Premises, and the Operating Expense Stop shall be adjusted to the extent reflected in the Minimum Rental for the Extension Term.

• Landlord shall be required to pay all Taxes and Operating Expenses to the extent Taxes and Operating expenses do not exceed the respective Tax and Operating Expense Stop.

More Definitions of Operating Expense Stop

Operating Expense Stop means the following: “The amount of the Actual Operating Expenses for the Project for the calendar year 2011 (grossed up to full occupancy).”

Operating Expense Stop means $1.75 per square foot multiplied by the Rentable Area in the Premises. Each of the foregoing definitions and basic provisions shall be construed in conjunction with the references thereto contained in the other provisions of this Lease and shall be limited by such other provisions. Each reference in this Lease to any of the foregoing definitions and basic provisions shall be construed to incorporate each term set forth above under such definition or provision.

Operating Expense Stop is an amount equal to the actual Operating Expenses (as defined herein) for Calendar Year 2004 (the "Operating Expense Base Calendar Year")

Operating Expense Stop. The actual cost and expense paid or incurred by Landlord during calendar year 2012 (the “Base Year”) for Operating Expenses, as hereinafter defined, divided by the Rentable Area in the Project.

Operating Expense Stop. The product that results from multiplying the total amount of Operating Expenses (as hereafter defined) of the Property during the 1996 calendar year, as adjusted to provide for, among other things, a ninety-five percent (95%) occupied and fully assessed and completed Building and Property pursuant to Paragraph 4 of this Lease, by the Tenant's Share. [See Paragraph 4]

Operating Expense Stop. The amount set forth in Section 1.01 (14).

Operating Expense Stop means an amount equal to the actual Operating Expenses (on a per rentable square foot basis) for the calendar year 2014 (the “Base Year”).