Operating Expense Fee Sample Clauses

The Operating Expense Fee clause defines the charges a tenant or party must pay to cover the ongoing costs of operating and maintaining a property or facility. This fee typically includes expenses such as utilities, repairs, maintenance, insurance, and sometimes management fees, and is often calculated as a proportion of the total operating costs or as a fixed amount. By clearly outlining the responsibility for these expenses, the clause ensures transparency in cost allocation and helps prevent disputes over who is liable for various operational costs.
Operating Expense Fee. In respect of the Ownership Interest of the Conduit Purchaser, an Operating Expense Fee to cover routine operating expenses of the Conduit Purchaser incurred during the immediately preceding Settlement Period, including fees payable to commercial paper dealers, issuing and paying agents, rating agencies, printers and auditors; provided that (i) the Operating Expense Fee in respect of commercial paper dealer commissions shall not exceed a rate per annum equal to 0.05% and (ii) the Operating Expense Fee in respect of issuing and paying agent fees, rating agency fees, printing and all other routine operating expenses shall not exceed a rate per annum equal to 0.01%. If the amount of any Operating Expense Fee paid for any Settlement Period exceeds the actual amount of the operating costs and expenses of the Conduit Purchaser incurred during such period, then the Conduit Purchaser will remit on an annual basis the excess to the Seller in the form of a patronage distribution.
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Operating Expense Fee. An Operating Expense Fee to cover --------------------- routine operating expenses of the Purchaser incurred during the immediately preceding Settlement Period, including fees and commissions payable to commercial paper dealers, issuing and paying agents, rating agencies, printers and auditors. The Operating Expense Fee shall equal .06% per annum. If the amount of any Operating Expense Fee paid for any Settlement Period exceeds the actual amount of the operating costs and expenses of the Purchaser incurred during such period, then the Purchaser will periodically remit the excess to the Collection Agent to be applied with other Collections on the Receivables as provided hereunder.
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Operating Expense Fee. Tenant will pay a fixed fee for operating expenses per unit on a quarterly basis based on the number of units leased during such quarter. This Operating Expense Fee shall be itemized (per unit) under Exhibit A hereto.
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Related to Operating Expense Fee

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • Operating Expenses During the term of this Lease Tenant shall pay to Landlord as additional rent all ad valorem taxes and operating expenses and other charges of every kind and nature (“Operating Expenses”) incurred or paid by Landlord in connection with the maintenance, repair, operation, management, or ownership of the Premises. If requested, Tenant agrees to pay Landlord on the first day of each calendar month, together with the payment of rent, such amount as Landlord estimates from time to time as necessary to pay such expenses. Landlord shall ▇▇▇▇ Tenant annually after the end of each year for such expenses. In the event the aggregate of Tenant’s installments during the year shall be less than the amount of Operating Expenses due from Tenant, such deficiency shall be paid to Landlord within ten (10) days after demand therefore. In the event the aggregate of Tenant’s installments during the year shall be more than the amount of Operating Expenses due from Tenant, such overpayment shall be applied to Tenant’s next monthly installment of Operating Expenses and Rent. As used herein, the term “Operating Expenses” shall include the cost of maintaining casualty and public liability insurance covering the Premises, real estate ad valorem taxes and all costs of managing, operating and maintaining the Premises, including but not limited to: costs of constructing, maintaining and repairing on site and off-site traffic controls; decorating, painting, lighting, sanitary control, and removal of trash, garbage and other refuse; maintenance, repair and replacement of utility systems serving any common areas, including water, sanitary sewer and storm water lines and other utility lines, pipes and conduits; costs of utilities, including water, sewer, electricity, and gas; janitorial, sweeping and cleaning services, trash bin rentals, trash pickup fees, licenses, permits and inspection fees; parking lot painting and restriping; planting, irrigating, gardening and landscaping; signs and markers; parking control and security guards and fire protection or detection service; all general maintenance and repair; other general operation and maintenance costs and expenses; all labor and supplies required by the foregoing; and administrative costs directly attributable thereto.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Operating Expense Limit The Fund’s maximum operating expense limits (each an “Operating Expense Limit”) in any year shall be that percentage of the average daily net assets of the Fund as set forth on Schedule A attached hereto and incorporated by this reference.

  • Common Area Operating Expenses Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, Lessee's Share (as specified in Paragraph 1.6(b)) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions: