Operating Expense Year definition

Operating Expense Year means each calendar year during the Term, except that the first Operating Expense Year begins on the Commencement Date and ends on December 31 of such year and the last Operating Expense Year begins on January 1 of the calendar year in which this Lease expires or is terminated and ends on the date of such expiration or termination. If an Operating Expense Year is less than twelve (12) months, Operating Expenses for such year shall be prorated.

Operating Expense Year means, for purposes of determining Operating Expenses each calendar year all or any part of which shall fall within the Term hereof.

Operating Expense Year means the Base Operating Expense Year and each subsequent calendar year.

Examples of Operating Expense Year in a sentence

• Tenant shall also pay Landlord or deduct from the Rent, as the case may be, on the date required for the first payment, as adjusted, the difference, if any, between the Estimated Payment for the new Operating Expense Year set forth in the statement and the Estimated Payment actually paid during the new Operating Expense Year.

• Until Tenant receives a statement, Tenant's Estimated Payment for the new Operating Expense Year shall continue to be paid at the prior Estimated Payment, but Tenant shall commence payment of Rent based on the new Estimated Payment beginning on the first day of the month following the month in which Tenant receives the statement.

• Within the private housing market, there is significant activity in Auburn suburb, and many new properties are being built.

• If the Rentable Area is not fully occupied during any particular Operating Expense Year, Landlord’s Accountants may adjust those Operating Expenses which are affected by occupancy for the particular Operating Expense Year to reflect 100% occupancy.

• They often involved starting to drink at home, then going out, probably to more than one venue, usually beginning at a pub and then going on to a club.

More Definitions of Operating Expense Year

Operating Expense Year shall have the meaning set forth in Section 4.03A(iv) hereof.

Operating Expense Year means calendar year 2000 and each calendar year thereafter any portion of which occurs during the Term of the Lease. Notwithstanding the foregoing, the first Operating Expense Year shall commence on the 1st Floor East Wing Rent Commencement Date (with respect to the 1st Floor East Wing Space and the Third Floor Space), and shall commence on the First Floor Walkway Rent Commencement Date (with respect to the First Floor Walkway) and shall end on December 31, 2000, and the last Operating Expense Year shall end on the last day of the Term or the last day of any Extension Term. Tenant's obligation under this Paragraph 10.D. to pay estimated and actual amounts towards Operating Expenses for the first and last Operating Expense Year shall be prorated by multiplying the total estimated or actual (as the case may be) Operating Expenses paid or incurred during the first or last (as the case may be) Operating Expense Year, by a fraction, the numerator of which shall be the number of days in the first or last (as the case may be) Operating Expense Year, and the denominator of which shall be 365.

Operating Expense Year means the calendar year 2004. If a Term Commencement Date for space leased by Tenant occurs on a date other than January 1 or the Term of this Lease terminates or expires on a date other than December 31, the Additional Rental for the pertinent Operating Expense Year for such space shall be prorated based upon the number of days in such Operating Expense Year occurring after such Term Commencement Date or before the termination or expiration of the Term of this Lease, as applicable.

Operating Expense Year means calendar year 2012 as the first Operating Expense Year, and thereafter each successive calendar year or portion thereof during the Lease Term. “Operating Expenses” shall mean all costs and expenses of the operation, maintenance and repair of the Property, including, without limitation, the cost and expense to Landlord of the following items:

Operating Expense Year means, for purposes of determining • Operating Expenses, each calendar year all or any part of which shall fall within the Term.

Operating Expense Year means each calendar year during the Term, except that the first Operating Expense Year begins on the Commencement Date and ends on December 31 of such year and the last Operating Expense Year begins on January 1 of the calendar year in which this Lease

Operating Expense Year means the twelve month period beginning on the Commencement Date and each succeeding twelve month period during the term.