ALLOCATION OF OPERATING COSTS Clause Samples

The Allocation of Operating Costs clause defines how the expenses associated with operating a property or business are divided among the relevant parties, such as landlord and tenant or business partners. Typically, this clause outlines which specific costs—like utilities, maintenance, repairs, insurance, and property taxes—each party is responsible for, and may describe the method for calculating and billing these expenses, such as through monthly estimates and annual reconciliations. Its core function is to ensure transparency and fairness in the distribution of ongoing operational expenses, thereby preventing disputes and clarifying financial responsibilities.
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ALLOCATION OF OPERATING COSTS. In determining the Operating Costs attributable to the Building, the Landlord shall have the right from time to time to reasonably allocate and re-allocate such Operating Costs which represent operating costs incurred for facilities or services shared by the Building and such other buildings as are owned or operated by the Landlord and which are not charged or allocated separately against the Building and any such other building or buildings. Any such determination made by the Landlord shall be binding upon the Tenant unless shown to be unreasonable or erroneous in some substantive respect. The Tenant shall have the right to reasonable access to the books and records of the Landlord to conduct an examination and to ascertain whether allocations of Operating Costs made by the Landlord have been made reasonably.
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ALLOCATION OF OPERATING COSTS. In determining the Operating Costs attributable to the Building, the Landlord shall have the right from time to time to reasonably allocate and re-allocate such Operating Costs which represent operating costs incurred for facilities or services shared by the Building and such other buildings as are owned or operated by the Landlord and which are not charged or allocated separately against the Building and any such other building or buildings. Any such determination made by the Landlord shall be binding upon the Tenant unless shown to be unreasonable or erroneous in some substantive respect.
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ALLOCATION OF OPERATING COSTS. 8 5.02 FULL OCCUPANCY............................................................8 5.03
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ALLOCATION OF OPERATING COSTS. Each party’s annual financial contribution to the annual operating budget shall be determined by the formula established in Section IV(B)(2) of this Agreement; provided, however, that the ▇▇▇ numbers referenced in Section IV(B)(2) shall be updated to reflect the applicable numbers as of January 1 of the calendar year preceding July 1 of the fiscal year for which the Operating Budget has been established. The County shall provide the City and University CEOs, or designees, with quarterly reports showing budgeted versus actual operating expenditures.
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ALLOCATION OF OPERATING COSTS. (a) The ongoing costs of the commissioner not otherwise appropriated in operating the statewide public safety radio communication system shall be allocated among and paid by the following users, all in accordance with the statewide public safety radio communication system plan under section 403.36: (1) the state of Minnesota for its operations using the system; (2) all local government units using the system; and
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ALLOCATION OF OPERATING COSTS. Consistent with the allocation of the Acquisition Debt service, Total Operating Costs will currently be allocated 100% to UNLV as it is currently the sole occupant of the Campus. However Total Operating Costs shall be allocated to NSC and UNR with respect to Building B at such time as Building B is available for occupancy, i.e. the Campus Building Percentages will be recomputed by including the square footage of Building B in the denominator. At the point in time when ACTC is available for occupancy, the Campus Building Percentages will again be recomputed adding the square footage of ACTC into the denominator. The Allocated Operating Costs for each Building will be sub-allocated to each of the schools based on the Applicable Building Percentages for the respective Building.
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ALLOCATION OF OPERATING COSTS. A. ln recognition of the distinct characteristics of Participating Cities and to insure that each Participating City is equitably allocated only the net cost of providing public transportation services for its citizens, separate operating cost and passenger revenue allocation formulas will be used. B. After the administrative costs of the Commission have been allocated in accordance with Article V and the capital costs allocated in accordance with Article VI, all other costs incurred by the Commission in providing public transportation services in the District will be considered operating costs of providing public transportation. C. Each transit route service will be analyzed separately to determine its operating costs and passenger revenues. D. Transportation operating costs will be allocated among the Participating Cities in the following manner:
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ALLOCATION OF OPERATING COSTS. For purposes of this Agreement, School operating expenses, which shall include all expenditures except those described in Article III,
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Related to ALLOCATION OF OPERATING COSTS

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Definition of Operating Expenses Operating Expenses" shall mean and include all expenses incurred and payable in connection with the ownership, operation, maintenance, repair and management of the Premises and the improvements thereon and, without restricting the generality of the foregoing, shall include:

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • Allocation of Overtime Subject to the operational requirements of the service, the Employer shall make every reasonable effort: (a) to allocate overtime work on a fair and equitable basis among readily available and qualified employees; and (b) where overtime is predictable, employees shall be provided with a minimum of four (4) hours notice.

  • Duties of Operator Operator shall perform all required testing of Manufacturer’s Bus in accordance with the FTA Regulations and the established testing procedures used at the bus testing facility and provided to Manufacturer which procedures are attached hereto marked Exhibit “A” and incorporated herein by this reference.