Common use of Utilities Costs Clause in Contracts

Utilities Costs. UTILITIES COSTS" means all of the following that are not Excluded Costs and that are incurred by Landlord in connection with the ownership or operation of the Property; (a) costs and expenses for consumption or use of public or private utility services for the Property, including without limitation, water, steam, sewer, waste disposal, gas, telecommunications, and electricity; and (b) amortization in accordance with generally accepted accounting principles of capital expenditures and reasonable financing charges for items that are primarily for the purpose of (i) reducing or avoiding increases in Utilities Costs in Landlord's good faith estimate, or (ii) complying with Laws imposed after the initial construction of the Building.

Utilities Costs. UTILITIES COSTSUtilities Costs" means all of the following that are not Excluded Costs and that are incurred by Landlord in connection with the ownership or operation of the Property; : (a) costs and expenses for consumption or use of public or private utility services for the Property, including including, without limitation, water, steam, sewer, waste disposal, gas, telecommunications, and electricity; and (b) amortization in accordance with generally accepted accounting principles of capital expenditures and reasonable financing charges for items that are primarily for the purpose of (i) reducing or avoiding increases in Utilities Costs in Landlord's good faith estimate, or (ii) complying with Laws imposed after the initial construction of the Building.