Shared Facilities Costs definition

Shared Facilities Costs means, relative to a Shared Facility, the costs of management, repair, maintenance and operation of such Shared Facility, to the extent such costs exceed the costs (the “Normal Office Costs”) which would have been incurred if the premises constituting the Shared Facility had not been used for a fitness center or a cafeteria but had instead been used for general office purposes (it being agreed that such Normal Office Costs shall constitute Operating Expenses includable under Paragraph 3(B)(ii) above), but excluding any such costs that are payable by managers, operators, concessionaires and licensees and are not payable by Landlord. For purposes of illustration only, (a) HVAC for the Shared Facilities during Regular HVAC Hours shall be included in Operating Expenses and HVAC for the Shared Facilities outside of Regular HVAC Hours shall be included in Shared Facilities Costs, and (b) if Landlord shall provide cleaning or trash removal service to the Shared Facilities then (i) the costs thereof, up to the cost of cleaning or trash removal which would have been incurred if the Shared Facilities had not been used for a fitness center or a cafeteria but had instead been used for general office purposes shall be included in Operating Expenses and (ii) the balance of such costs shall be included in Shared Facilities Costs; (c) if the operator, licensee or concessionaire shall provide cleaning or trash removal to the Shared Facilities then Operating Expenses and Shared Facilities Income shall each be increased by the costs which Landlord would have incurred if the Shared Facilities had not been used for a fitness center or a cafeteria but had instead been used for general office purposes; and (d) the cost of electricity provided to the Shared Facilities shall be excluded from Operating Expenses and included in Shared Facilities Costs.
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Shared Facilities Costs means the aggregate of all costs and expenses incurred in connection with the Shared Facilities from time to time, as provided in this Agreement and set out on Schedule “D” attached hereto, and shall include without limitation, the costs and expenses incurred in connection with the maintenance, repair and operation of the Shared Facilities, including without limitation, the cost of maintaining and repairing all electrical and mechanical equipment, fixtures and installations comprising same or appurtenant thereto, together with the amount of any municipal, provincial or federal taxes and/or any common expense assessments attributable to the Shared Facilities (or any portion thereof);
Sample 1
Shared Facilities Costs means the costs of operating, maintaining and repairing the Shared Facilities and shall include the Common Costs *(as defined in the Reciprocal Agreement);
Sample 1

Examples of Shared Facilities Costs in a sentence

  • As the YongeParc Building C/D Corporation is developed and occupyable therein by the public, the proportionate share of the Shared Facilities Costs will be re-adjusted accordingly.

  • At the hearing, appellants argued that the sale of the Property should be set aside because the refinance loan was the product of fraud.

  • Net Rent, Additional Rent for Taxes, Operating Expenses and Net Shared Facilities Costs, Additional Rent pursuant to Paragraph 3(G) above, and any other amounts which Tenant is or becomes obligated to pay Landlord under this Lease or other agreement entered in connection herewith, are sometimes herein referred to collectively as “Rent,” and all remedies applicable to the non-payment of Rent shall be applicable thereto.

  • However, insofar as any costs included in the Shared Facilities Costs are increased by a third party not affiliated with Jenoptik, Buyer shall be responsible for its proportionate share of any such increase.

  • If Landlord takes written exception to an item of Shared Facilities Costs within the applicable period and such exception is not resolved by Tenant and Landlord within twenty (20) days after Landlord’s notice taking exception, Tenant shall submit the dispute to an independent certified public accounting firm selected by Tenant and Landlord.

  • Landlord shall cause Other Tenants to prepay to Landlord three months of Shared Facilities Costs in order to insure prompt payment thereof.

  • All maintenance, repair and replacement of The Properties shall be performed, undertaken or obtained, as applicable, to the standards required to maintain and retain such level of LEED certification (or an equivalent level under such other energy or environmental design rating system), and the costs incurred by Shared Facilities Manager to maintain and retain such certification or rating may be included in Shared Facilities Costs.

  • Without limiting the terms of this Declaration, Shared Facilities Costs may include, from time to time and at any time, such amounts deemed necessary by Shared Facilities Manager to provide Shared Facilities Manager with sufficient funds to pay insurance premiums at least thirty (30) days before the date the same are due.

  • Each of the Pavilia Towers Condominium and the Commercial Development Owner shall be entitled to review all bills, invoices and receipts relating to any Shared Facilities Costs for which it is being asked to contribute.

  • Expenses incurred by Shared Facilities Manager in connection with the use of the roof shall be borne by the Unit Owner benefitted by such use, provided that if such use benefits more than one Unit, then such expenses shall be included in Shared Facilities Costs or allocated to the Units so served as reasonably determined by Shared Facilities Manager.


More Definitions of Shared Facilities Costs

Shared Facilities Costs means the aggregate of all costs and expenses incurred, including reasonable management expenses, in connection with the Shared Facilities, and shall include without limitation, the costs and expenses incurred in connection with the following, namely the operation, servicing, maintenance, repair and/or replacement of the POPs, the Common Interior Roadway and the Shared Servicing Systems (together with all appurtenant roadway services, such as drains, pipes, cables, lighting, etc. located within or beneath the boundaries of the Common Interior Roadway serving and benefitting the Common Interior Roadway; the storm water management system, including the storm water management retention facilities and any appurtenant drains, pipes, swales and channels servicing and benefiting any of Lands; and walkways and side walks and any appurtenant cables and lightings, servicing any of the Lands), the cost of procuring all requisite fire, property damage and public liability insurance coverage for the Condominiums with respect to damage and/or injury occasioned to persons and/or property upon or within Shared Facilities;
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Related to Shared Facilities Costs

  • Future Facilities Costs means the CFD Public Facilities minus (i) public facility costs previously paid from the Construction Fund, (ii) moneys currently on deposit in the Construction Fund, and (iii) moneys currently on deposit in an escrow fund that are expected to be available to finance facilities costs.

  • Shared Facilities means the gen-tie lines, transformers, substations, or other equipment, permits, contract rights, and other assets and property (real or personal), in each case, as necessary to enable delivery of energy from the Facility (which is excluded from Shared Facilities) to the point of interconnection, including the Interconnection Agreement itself, that are used in common with third parties.

  • Related facilities means any manager's units and any and all common area spaces that are included within the physical boundaries of the housing development, including, but not limited to, common area space, walkways, balconies, patios, clubhouse space, meeting rooms, laundry facilities, and parking areas that are exclusively available to residential users, except any portions of the overall development that are specifically commercial space.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.

  • Common Facilities means the facilities under D.G.sets/D.G.rooms, water storage tanks its pumping and supply system, sewerage & drainage systems, electric sub-station/ transformers/electric panels/distribution network, maintenance service rooms, lawns including lighting & services etc., roads, pathways & driveways including street lighting & services etc., guard posts, fire hydrants & fire fighting system etc. and all such facilities and areas for common use and excluded from the computation of Super Area of the Said Premises;

  • Generating Facilities means Interconnection Customer’s device for the production and/or storage for later injection of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities.

  • Financing Costs means for each calendar day the product of:

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • DIP Facilities means the DIP ABL Facility and the DIP Term Loan Facility.

  • Production Facilities (7 9) means "production equipment" and specially designed software therefor integrated into installations for "development" or for one or more phases of "production".

  • Transit-oriented facility means a facility that houses a transit station in a manner that promotes transit ridership or passenger rail use.

  • Railroad facilities means right of way and related

  • School facilities project means the planning, acquisition,

  • Transportation Facilities means any physical facility that moves or assist in the movement of people or goods including facilities identified in OAR 660-012-0020 but excluding electricity, sewage, and water systems.

  • Parking Facilities means parking lots or other off-street areas for the parking of vehicles, including areas below or above the surface of streets.

  • 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 replacements and office automation and information technology 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.

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Authorized Facilities means the public facilities authorized to be financed, in whole or in part, by the CFD.

  • Distribution facilities means those facilities by and through which electricity is received from a transmission services provider and distributed to the customer and that are controlled or operated by a distribution services provider.

  • Wastewater Facilities means the structures, equipment, and processes required to collect, carry away, and treat domestic and industrial wastes and dispose of the effluent.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Project Facilities means all the amenities and facilities situated on the Site, as described in Schedule-C;

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.