Park Expenses definition

Park Expenses means all items listed in paragraph 4.5 hereof as Additional Rent which relate to the Park and which are not separately attributable to the Property or any other portion of the Park.
Park Expenses means and include all actual and reasonable assessments and other expenses, including any management fee, actually charged or imposed relating to the Project pursuant to the Declaration.
Park Expenses means the Property’s proportionate share of the expenses of the Park’s common areas allocated to the Property by any owner’s association or the owner of the Park which may include, but shall not be limited to, the following: insurance premiums; maintenance and repair costs; utility charges; fuel; lighting; trash and rubbish removal; costs, wages and benefits of employees or other agents of any owners’ association or management company whose duties are connected with the operation and maintenance of the Park common areas; amounts paid to contractors or subcontractors for work or services performed in connection with the operation and maintenance of the Park common areas; all service supplies, repairs, replacement or other expenses for maintaining and operating the Park common areas, reasonable attorneys’ fees and all other costs in connection with the appeal or contest of real estate or other taxes or levies, Snow Removal Costs, Taxes (as defined in Section 3.1.2, except that the word “Property” is replaced with the words “Park common areas” for purposes hereof), and such other expenses as may be ordinarily incurred in the operation and maintenance of the Park common areas and not specifically set out herein, including reasonable management fees. For purposes of this section, the term “Park common areas” shall mean all areas within the Park that are available for the common use of tenants and owners in the Park and that are not leased or held for the exclusive use of Tenant or other tenants or licensees, including, but not limited to, the parking areas, driveways, sidewalks, loading areas, access roads, corridors, landscaping and planted areas. Operating Expenses shall not include: expenses incurred by Landlord to resolve disputes, enforce or negotiate lease terms with prospective or existing tenants or in connection with any financing, sale or syndication of the Building; expenses for the replacement of any item covered under warranty, to the extent Landlord actually receives payment or replacement of such item pursuant to such warranty; expenses to correct any penalty or fine incurred by Landlord due to Landlord’s violation of any Applicable Law (as hereinafter defined) and any interest or penalties due for late payment by Landlord of any of the Operating Expenses; cost of complying with any Applicable Laws in effect as of the Commencement Date, but with respect to which the Building was not in compliance on the Commencement Date; expenses incurred by Lan...

Examples of Park Expenses in a sentence

  • In addition to all other amounts payable by Tenant pursuant to the terms of this Lease, Tenant shall pay, as Additional Rent payable pursuant to the provisions hereinabove for Monthly Deposits, Tenant's Proportionate Share of the Park Expenses which are deemed allocated to the Property.

  • Following such re-measurement of the Building, Lessee’s Pro Rata Share of the Building and the Park Expenses (as both shares are described in Paragraph 6(a) below) shall be adjusted based on such re-measurement of the Building.

  • If the rentable square feet of the 2nd floor upon such re-measurement is more or less than 7,500 rentable square feet, Lessor and Lessee shall amend the Lease to reflect the rentable square feet of the Expansion Premises and the resulting change to Lessee's pro rata share of Park Expenses.

  • From and after the Expansion Premises Commencement Date, Tenant shall pay Additional Rent, Operating Expenses and Taxes attributable to the Expansion Premises in accordance with Section 5 of the Lease; provided, however, that (A) Tenant’s Pro Rata Share of the Operating Expenses of the Building and the Taxes shall equal 90.61% (27,749/30,623) and (B) Tenant’s share of Park Expenses shall be increased to equal 3.22%.

  • The Park Expenses, of which the Property is a part, currently include maintenance of the common areas of Menlo Business Park, parking lot lighting (cost of electricity and maintenance of the fixtures), maintenance of the network conduit, all landscape maintenance and irrigation of Menlo Business Park, Lessor’s insurance coverages of Menlo Business Park, and security patrol.

  • This Agreement, together with the Notice to which this Agreement is attached, the Exercise Agreement and the Plan, sets forth the entire agreement and understanding of the parties relating to the subject matter herein and therein and merges all prior discussions between the parties.

  • Provided that Sublessee is not in default hereunder beyond any applicable notice and cure period, Sublessee shall have the right to require Sublessor to exercise its rights under Section 5(e) of the Master Lease to review Master Lessor’s books and records related to Operating Expenses, Park Expenses and Taxes, provided that Sublessee shall pay all costs of such review (subject to Master Lessor’s reimbursement, if applicable, as set forth in said Section).

  • The Park Expenses currently include maintenance of the common areas of Menlo Business Park, parking lot lighting (cost of electricity and maintenance of the fixtures), maintenance of the network conduit, all landscape maintenance and irrigation of Menlo Business Park, Lessor’s insurance coverages of Menlo Business Park, security patrol and real estate and other taxes for land and improvements to the Menlo Business Park which are for the benefit of all occupants of the Menlo Business Park.

  • In addition to all other amounts payable by Tenant pursuant to the terms of this Lease, Tenant shall pay, as Additional Rent payable pursuant to the provisions hereinabove for Monthly Deposits, Tenant’s Proportionate Share of the Park Expenses which are deemed allocated to the Property.

  • If Lessee reasonably objects to Lessor’s Operating Statement, Lessee shall nonetheless continue to pay on a monthly basis the Operating Expenses, Taxes and Park Expenses based upon Lessor’s most current estimate until such dispute is resolved.


More Definitions of Park Expenses

Park Expenses means the Landlord's Share of the ------------- total of all costs and expenses paid or incurred with respect to the management, operation, maintenance, and repair of the Common Areas of the Park and the services provided tenants therein, including without limitation, exterior landscape and garden maintenance and cleaning; snow and ice removal, parking lot maintenance, repair and repaving and lighting of the parking lot and costs of maintaining easements areas granted to governmental bodies. For purposes of this Section 3, Landlord's Share of Park Expenses shall be allocated among the buildings comprising the Park, prorata based upon the square footage of each building in relation to the total square footage constructed, or such other equitable means as Landlord may reasonably determine. It is agreed, however, that the Building Expenses and Park Expenses shall exclude or have deducted from them, as the case may be and as shall be appropriate:
Park Expenses means the aggregate costs or expenses reasonably incurred by Landlord with respect to the operation, administration, repair, maintenance and management of the Park (each such service, a "Park Expense"), including, without limitation: (A) the cost of services, utilities, materials and supplies furnished or used in the operation, repair, maintenance, management, and protection of the Park Common Areas, including without limitation, fees, if any, imposed upon Landlord, or charged to the Park, by the state or municipality in which the Park is located on account of the need of the Park for increased or augmented public safety services, and also including all expenses directly related to employment of personnel below the grade of property manager performing services in connection with the operation, repair, maintenance, management and protection of the Park Common Areas, and their respective mechanical systems, including, without limitation, the waste water treatment system serving the Park; (B) the cost of replacements for tools and other similar equipment used in the repair, maintenance, and protection of the Park Common Areas, provided that, in the case of any such equipment used jointly on other property of Landlord, such costs shall be allocated among the buildings constituting the Park on a square footage basis; (C) premiums for commercial general liability insurance with such coverages and limits as shall from time to time be required by any person, firm or other entity that it holds a mortgage or a ground lease which includes the Park; (D) the costs of maintaining, repairing and replacing (if necessary) the common monument sign for the Park; (E) subject to the next succeeding sentence, any capital improvements made to the Park Common Areas that, based upon engineering studies performed by Landlord, are designed to increase safety or reduce or limit increases in Park Expenses; (F) costs for electricity, water and sewer use charges, and other utilities supplied to the Park and not separately metered to the buildings comprising the Park or the tenants thereof; and (G) all Taxes (hereinafter defined) assessed against the Park; and, (H) amounts paid to independent contractors for services, materials and supplies furnished for the operation, repair, maintenance, and protection of the Premises and/or Park Common Areas. Park Expenses shall not include any Prohibited Expenses,. If, during the Term of this Lease, Landlord shall make capital improvements to the Par...
Park Expenses shall have the meaning given to such term in Paragraph 37.1 (j)
Park Expenses means a fraction (equal to the rentable area of the Building divided by the rentable area of all buildings then owned by Landlord in Science Park including Buildings 4, 5 and 25) of the reasonable and customary overhead, administrative and operating expenses (other than Operating Expenses that are not Park Expenses, Taxes and Building 5 Improvements) incurred or borne by Landlord in connection with the operation and maintenance of the Property (as defined in Section 1.1 of the Original Lease) and including, without limitation, employee salaries up to and including the level of building manager, together with the reasonable salary of the executive director of the Landlord (subject to the provisions of Section 37.2 hereof), security guard services, snow plowing of the driveways and parking areas and landscaping maintenance. Landlord hereby represents that currently the said fraction described above is equal to approximately 30.00%.
Park Expenses means any and all costs or expenses allocated and assessed to the Property under the Park Covenants (as amended from time to time) for each calendar year or portion thereof falling within the Term of this Lease. As Additional Rent under this Lease, Tenant shall pay Landlord Tenant's Proportionate Share of Park Expenses for each calendar year or portion thereof falling within the Term of this Lease (appropriately pro rated and adjusted for any partial calendar year). Such payments shall be made within 30 days after written demand by Landlord. In addition, Landlord shall be entitled to collect monthly estimated payments of Tenant's Proportionate Share of Park Expenses in advance in the same manner as Landlord bills Tenant for monthly estimated payments of the Operating Cost Escalation pursuant to Section 5.2 with an annual reconciliation at the end of each calendar year. Landlord shall have the same rights and remedies against Tenant for failure to timely pay amounts payable by Tenant pursuant to this Section 5.3 as Landlord has against Tenant for failure to pay Annual Fixed Rent when due.

Related to Park Expenses

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Reimbursable Expenses means all assignment-related costs [such as travel, translation, report printing, secretarial expenses, subject to specified maximum limits in the Contract].

  • Company Expenses has the meaning provided in Section 8.3.

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Bank Expenses are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred with respect to Borrower.

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Property Expenses means the costs (including, but not limited to, payroll, taxes, assessments, insurance, utilities, landscaping and other similar charges) of operating and maintaining any Eligible Property or Property which secures Other Recourse Debt that are the responsibility of the Borrower or the applicable Material Subsidiary that are not paid directly by any Tenant, but excluding depreciation, amortization, interest costs and maintenance capital expenditures.

  • Related Expenses means any and all costs, liabilities, and expenses (including, without limitation, losses, damages, penalties, claims, actions, reasonable attorney's fees, legal expenses, judgments, suits and disbursements) reasonably incurred by, or imposed upon, or asserted against, Lender in any attempt by Lender:

  • Travel Expenses means any costs incurred by Licensor associated with the transportation, storage or lodging of equipment, supplies, Licensor employees and other items necessary for business use from Licensor headquarters to Licensee’s facilities. Travel expenses may include, but are not limited to airfare, hotel costs, and meals if applicable. Any travel expenses paid by the Licensee shall be paid at allowable government travel rates consistent with Management Directive 230.10, unless otherwise first approved by the Licensee’s authorized representative.

  • Management Expenses means the Management Expenses more particularly described in Clause 10.1;

  • Transfer expenses means all expenses of a transfer that the transfer agreement requires the payee to pay or have deducted from the gross advance amount, including, but not limited to, court filing fees, attorney fees, escrow fees, lien recordation fees, judgment and lien search fees, finders' fees, commissions, and other payments to a broker or other intermediary. Transfer expenses do not include preexisting obligations of the payee that are payable for the payee's account from the proceeds of a transfer.

  • Cash Expenses means, for any period, the Operating Expenses for the operation of the Property for such period or accrued and payable in such period, as set forth in an Approved Annual Budget to the extent that such expenses are actually incurred or accrued for such period by Borrower, less any payments into the Tax and Insurance Escrow Fund.

  • Permitted Expenses means the reasonable and documented costs and expenses incurred by the Agents and the Lenders (and their respective agents or professional advisors) in connection with the preparation, administration, amendment and due diligence of this Agreement and the other Credit Documents and, which costs and expenses the Borrower shall reimburse to the Administrative Agent or shall pay or cause to be paid in accordance with the Credit Documents. “Permitted Expenses” shall include, without limitation, the expenses set forth in Sections 5.10 and 9.2 hereof.

  • Lenders’ Expenses are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses, as well as appraisal fees, fees incurred on account of lien searches, inspection fees, and filing fees) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred by Collateral Agent and/or the Lenders in connection with the Loan Documents.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk’s office and includes, but is not limited to, (i) computer support, maintenance, enhancements, upgrades, and replace- ments and office automation and information technol- ogy equipment, including software and conversion services; (ii) preserving, maintaining, and enhancing court records, including, but not limited to, the costs of repairs, maintenance, consulting services, service contracts, redaction of social security numbers from certain records, and system replacements or upgrades; and (iii) improving public access to records maintained by the clerk, including locating technology in an offsite facility for such purposes or for implementation of a disaster recovery plan.

  • Current Expenses means operating costs other than personal services and shall not

  • Third Party Expenses has the meaning ascribed to it in Section 5.5.

  • Reimbursable Costs means expenses incurred by the employee in the course of engaging in the planned learning activity and include registration, tuition and examination fees as well as textbooks/discs and applicable taxes. They may also include reasonable, incremental meal, accommodation and travel expenses.

  • Transition Expenses The reasonable costs (including reasonable attorneys’ fees) of the Backup Servicer incurred in connection with the transferring the servicing obligations under this Agreement and amending this Agreement to reflect such transfer in an amount not to exceed $100,000.

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • Insured Expenses Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.

  • Excluded Expenses means any costs, fees or expenses of the Company or any Company Subsidiary arising out of or relating to any dispute with the Shareholder Representative or otherwise with respect to the terms of this Agreement other than the Shareholder Representative’s equal share of the fees and expenses of the Neutral Auditor and the investment bank pursuant to Section 2.4(d)(i) and except as otherwise set forth in Section 7.8.

  • Lender Expenses are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred with respect to Borrower.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Enforcement Expenses shall include all reasonable attorneys’ fees, court costs, transcript costs, fees of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other out-of-pocket disbursements or expenses of the types customarily incurred in connection with an action to enforce indemnification or advancement rights, or an appeal from such action. Expenses, however, shall not include fees, salaries, wages or benefits owed to Indemnitee.