Variable Operating Expenses definition

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 a. all purchases (less discounts received);

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.

Examples of Variable Operating Expenses in a sentence

• For greater certainty, the Manager will bear all taxes (such as G.S.T., H.S.T. and any applicable provincial sales taxes) charged to the Manager for providing the goods, services and facilities included in the Variable Operating Expenses.

• However, fees charged directly to investors are not included in the Variable Operating Expenses.

• 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.

• Landlord shall not be permitted to recover more than one hundred percent (100%) of the Variable Operating Expenses.

• FORECASTING PRODUCTION 10–1CASH FLOW ANALYSIS 10–1COMPONENTS OF A CASH FLOW 10–2Revenues 10–2Product Prices 10–2Revenue Summary 10–2Expenses 10–3Fixed and Variable Operating Expenses 10–4Reclamation Expenses 10–4Accounting For Reclamation Expenses 10–4Environmental Expenses 10–5Royalty Deductions 10–5Expense Summary 10–5Value Estimation 10–5Discount Rates 10–6Measures of Success 10–7TAXABLE VALUE 10-9Current Market Value 10-9Factored Base Year Value 10-9APPENDICES 1Appendix A – RULE 469.

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 all Operating Expenses that are, or are anticipated by Landlord in good faith to be, variable with the level of occupancy of the Building (such as, but not limited to, utilities and janitorial costs in respect of space in the Building leased or held for lease). To the extent 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 Building Standard Services similar to the services for which such excluded specific costs were billed or incurred.

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).

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 any Operating Expense that varies with the level of occupancy of the Building (e.g. tenant utilities and tenant cleaning services, but the parties expressly agree that real estate taxes for the entire Project and janitorial and HVAC service to all unleased portions of the Building shall not be 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, or to other buildings or projects within Perimeter Summit, 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 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.