Common use of Exclusions from Operating Expenses Clause in Contracts

Exclusions from Operating Expenses. Operating Expenses exclude the following expenditures: (1) Leasing commissions, attorneys’ fees and other expenses related to leasing tenant space and constructing improvements for the sole benefit of an individual tenant. (2) Goods and services furnished to an individual tenant of the Building which are above building standard and which are separately reimbursable directly to Landlord in addition to Excess Operating Expenses. (3) Repairs, replacements and general maintenance paid by insurance proceeds or condemnation proceeds. (4) Except as provided in Section 4.D(9), depreciation, amortization, interest payments on any encumbrances on the Property and the cost of capital improvements or additions. (5) Costs of installing any specialty service, such as an observatory, broadcasting facility, luncheon club, or athletic or recreational club. (6) Expenses for repairs or maintenance related to the Property which have been reimbursed to Landlord pursuant to warranties or service contracts. (7) Costs (other than maintenance costs) of any art work (such as sculptures or paintings) used to decorate the Building. (8) Principal payments on indebtedness secured by liens against the Property, or costs of refinancing such indebtedness.

Exclusions from Operating Expenses. Operating Expenses exclude the following expenditures: (1) Leasing commissions, attorneys’ fees and other expenses related to leasing tenant space and constructing improvements for the sole benefit of an individual tenant. (2) Goods and services furnished to an individual tenant of the Building which are above building standard and which are separately reimbursable directly to Landlord in addition to Excess Operating Expenses. (3) Repairs, replacements and general maintenance paid by insurance proceeds or condemnation proceeds. (4) Except as provided in Section 4.D(9), depreciation, amortization, interest payments on any encumbrances on the Property Building and the cost of capital improvements or additions. (5) Costs of installing any specialty service, such as an observatory, broadcasting facility, luncheon club, or athletic or recreational club. (6) Expenses for repairs or maintenance related to the Property which have been reimbursed to Landlord pursuant to warranties or service contracts. (7) Compensation paid to clerks, attendants or other persons in commercial concessions operated by Landlord which customarily sell products or services to the public, including tenants of the Building. (8) Costs (other than maintenance costs) of any art work (such as sculptures or paintings) used to decorate the Building. (8) 9) Principal payments on indebtedness secured by liens against the PropertyBuilding, or costs of refinancing such indebtedness. (10) Electrical service costs paid separately pursuant to Section 4.

Exclusions from Operating Expenses. Operating Expenses exclude the following expenditures: (1) Leasing commissions, attorneys’ fees and other expenses related to leasing tenant space and constructing improvements for the sole benefit of an individual tenant. (2) Goods and services furnished to an individual tenant of the Building which are above building standard and which are separately reimbursable directly to Landlord in addition to Excess Operating Expenses. (3) Repairs, replacements and general maintenance paid by insurance proceeds or condemnation proceeds. (4) Except as provided in Section 4.D(9), depreciation, amortization, interest payments on any encumbrances on the Property and the cost of capital improvements or additions. (5) Costs of installing any specialty service, such as an observatory, broadcasting facility, luncheon club, or athletic or recreational club. (6) Expenses for repairs or maintenance related to the Property which have been reimbursed to Landlord pursuant to warranties or service contracts. (7) Costs (other than maintenance costs) of any art work (such as sculptures or paintings) used to decorate the Building. (8) Principal payments on indebtedness secured by liens against the PropertyProperly, or costs of refinancing such indebtedness.