Fixed Operating Costs Sample Clauses
The Fixed Operating Costs clause establishes a predetermined, unchanging amount that one party must pay to cover specific ongoing expenses related to the operation of a property, facility, or service. This clause typically applies to costs such as maintenance, utilities, or management fees, and ensures that these expenses remain constant over the term of the agreement, regardless of actual fluctuations in the underlying costs. By setting these costs in advance, the clause provides budget certainty for both parties and prevents disputes over variable or unexpected operating expenses.
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Fixed Operating Costs. Fixed Operating Costs are allocable to the OWNERS based on each Owner's Ownership Interest percentage, and shall include, but are not limited to, the following:
(i) Aircraft insurance;
(ii) hangar storage;
(iii) flight crew, maintenance and support personnel salaries, benefits and expenses;
(iv) initial and recurrent flight training costs and expenses;
(v) property taxes;
(vi) Aircraft maintenance and repairs, including but not limited to annual and periodic maintenance, compliance with airworthiness directives, and unscheduled maintenance;
(vii) initial and recurrent maintenance training;
(viii) Aircraft registration and license fees; and
(ix) exterior cleaning of the Aircraft. The Owners shall review the percentages of Fixed Operating Costs allocated to each Owner hereunder in the event there are any substantial changes in utilization of the Aircraft by one or both Owners.
Fixed Operating Costs. Fixed Operating Costs for projects Facilities shall be allocated based on xxx:
Fixed Operating Costs. The Studentenwerk covers the fixed operating costs, in accordance with § 3 of the tenancy agreement, that are calculated in accordance with Appendix 3 of § 27 of the 2nd calculation decree at the time of entering into a tenancy agreement, as long as these cost items are not calculated individually in a consumption-based procedure (advance payment) in accordance with the tenancy agreement or as long as the tenant does not bear any of these individual cost items directly in addition to the total rent. In accordance with Appendix 3 of § 27 of the 2nd calculation decree, operating costs include: The running public charges for the property, the costs for water supply and drainage, overheads, the costs for cleaning and maintaining the heating, fuel and hot-water supply systems, the operating costs of automatic passenger and goods elevators, of street cleaning and waste disposal, house cleaning and vermin control, garden maintenance, lighting, chimney sweeping, property and public liability insurance, caretaker costs, operating costs of the common aerial system and of the private distributing mains connected to the broad-band cable network, the costs of automatic washing facilities as well as other operating costs. In particular, changes in costs caused by statutory regulations, as well as alterations and new introductions of additional expenses of any kind are deemed to be agreed upon at the time of admissibility. The cost items included in the fixed operating costs are not accounted. Possible deficiencies in proceeds are therefore not demanded additionally, nor are possible surpluses refunded.
Fixed Operating Costs. Fixed Operating Costs for the Project Facilities shall be allocated based on the following percentage shares: Project Facility Category Cost Allocation Shares ▇▇▇▇▇ Woodland All Project Facilities 50.0% 50.0%
Fixed Operating Costs