Variable Operating Expenses means those Operating Expenses which vary by occupancy including, without limitation, electricity, trash removal and other Utilities (as defined in Section 11).
Variable Operating Expenses means those Operating Expenses which vary with occupancy levels or which vary with areas serviced based upon occupied Rentable Area or which are paid directly by tenants of the Building. Landlord may equitably make adjustments to Operating Expenses to account for such Variable Operating Expenses.
Variable Operating Expenses means a. all purchases (less discounts received);
Examples of Variable Operating Expenses in a sentence
If submitting Annual Financial Statements in your own format, ensure it includes the following: Potential Gross Income, Vacancy & Collection Losses, Fixed & Variable Operating Expenses, Utilities, Supplies, Repair & Maintenance, Replacements, Ground & Parking Area Maintenance, Miscellaneous and Capital Expenditures/Major Maintenance & Repair.
If submitting Annual Financial Statements in your own format, ensure it includes the following: Potential Gross Income, Vacancy & Collection Losses**, Incentives, Fixed & Variable Operating Expenses, Utilities, Supplies, Repair & Maintenance, Replacements, Ground & Parking Area Maintenance, Miscellaneous and Capital Expenditures/Major Maintenance & Repair.Most current available (for fiscal year ending May 31, 2022 if available) relating to the entire operations of the real property.
Changes in interest rates impact primarily deposits and borrowings by changing their future cash flows (variable rate).
Landlord shall not be permitted to recover more than one hundred percent (100%) of the Variable Operating Expenses.
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More Definitions of Variable Operating Expenses
Variable Operating Expenses means those Operating Expenses which vary with occupancy levels or which vary with areas serviced based upon occupied Rentable Area. Landlord agrees that Tenant, if it is paying any utilities directly or performing its own janitorial services (including light bulb replacement), shall be responsible for its Prorata Share of such utilities and services (including light bulbs) only for the common areas of the Building Complex.
Variable Operating Expenses means the total variable operating expenses calculated in a manner consistent with the schedule of Consolidated Operating Results Forecast (Direct Marketing) attached as Exhibit A to the Ninth Amendment to the Credit Agreement.
Variable Operating Expenses shall include, but shall not be limited to (except as set forth in the following sentence), janitorial, utility and personnel costs, but shall exclude Real Estate Taxes and other expenses not related to tenant occupancy of the Building. Notwithstanding anything in the previous sentence to the contrary, during the period between November 1, 2004 and October 31, 2007, “Variable Operating Expenses” shall only mean janitorial, utility and personnel costs.
Variable Operating Expenses means those expenses that vary with occupancy of the Building or the Project such as the cost of providing janitorial services and utility charges. EXHIBIT “B” LEGAL DESCRIPTION OF THE LAND LOTS 1 AND 2 IN PLAZA TOWERS SUBDIVISION, BEING A RESUBDIVISION OF LOT 6 IN XXXXXXXX’X XXXXXXXXX PARK, A SUBDIVISION OF PART OF THE NORTHWEST 1/4 OF SECTION 13, TOWNSHIP 41 NORTH, RANGE 10, EAST OF THE THIRD PRINCIPAL MERIDIAN, (EXCEPTING THEREFROM THAT PART OF LOT 2 AFORESAID CONVEYED TO THE VILLAGE OF SCHAUMBURG BY WARRANTY DEED DATED JUNE 28, 2002 AND RECORDED JULY 25, 2002 AS DOCUMENT NUMBER 0020814884 DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF LOT 2 AFORESAID; THENCE ON AN ASSUMED BEARING OF SOUTH 89 DEGREES 34 MINUTES 01 SECONDS EAST ALONG THE NORTH LINE OF LOT 2 AFORESAID, 35.00 FEET; THENCE SOUTH 35 DEGREES 25 MINUTES 31 SECONDS WEST, 61.03 FEET TO THE WEST LINE OF LOT 2 AFORESAID; THENCE NORTH 00 DEGREES 25 MINUTES 59 SECONDS EAST, 50.00 FEET TO THE POINT OF BEGINNING) IN XXXX COUNTY, ILLINOIS. EXHIBIT “C” FLOOR PLAN EXHIBIT “D” BASIC RENT SCHEDULE To be set forth in each Commencement Date Xxxxxxxxxx EXHIBIT “E” COMMENCEMENT DATE MEMORANDUM FOR PHASE THIS COMMENCEMENT DATE MEMORANDUM FOR PHASE (this “Memorandum”) is made and entered into as of , by and between RPAI Schaumburg American Lane, L.L.C., a Delaware limited liability company (“Landlord”), and Paylocity Corporation, an Illinois corporation (“Tenant”).
Variable Operating Expenses means any Operating Expense (or portion thereof) that increases or decreases with the level of occupancy of the Building. Landlord and Tenant agree that insurance costs and ad valorem taxes are not included in Variable Operating Expenses. In the event that Landlord excludes from Operating Expenses any specific costs billed to or otherwise incurred for the particular benefit of specific tenants of the Building, Landlord shall have the right to increase Operating Expenses by an amount equal to the cost of providing standard services similar to the services for which such excluded specific costs were billed or incurred. In no event shall Landlord receive from all tenants of the Building more than one hundred percent (100%) of any Operating Expenses for any calendar year.
Variable Operating Expenses means any Operating Expense that is variable with the level of occupancy of the Building (e.g. tenant utilities and tenant cleaning services). In the event that Landlord excludes from Operating Expenses any specific costs billed to or otherwise incurred for the particular benefit of specific tenants of the Building or to other buildings or projects within Live Oak Center, Landlord shall have the right to increase Operating Expenses by an amount equal to the cost of providing standard services similar to the services for which such excluded specific costs were billed or incurred. In no event shall Landlord receive from all tenants of the Building more than one hundred percent (100%) of any Operating Expenses.
Variable Operating Expenses means all expenses Landlord incurs relating to the Property in connection with janitorial services, trash and rubbish removal, electricity, gas (if applicable), water, and sewer (except to the extent that such expenses relate to the Common Area, in which case no equitable adjustment will be made).