Operating Expense Allowance definition

Operating Expense Allowance. Operating Expense Allowance means that portion of Tenant's Percentage of Operating Expenses as described in Paragraph 6 below which Landlord has included in Monthly Base Rent, which, or purposes of this Lease, will be an amount equal to Tenant's Percentage of Operating Expenses for the 2000 calendar base year.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Operating Expense Allowance means and equal the monthly amount hereinabove set forth.

Operating Expense Allowance means and equal -Tenant’s Proportionate Share of the amount of Operating Expenses for the calendar year 2000.

Examples of Operating Expense Allowance in a sentence

In the event Tenant's Percentage of Operating Expenses for any calendar year is less than Tenant's Operating Expense Allowance, Tenant will not be entitled to a credit against any rent, additional rent or Tenant's Percentage of future Operating Expenses payable hereunder.
From the Commencement Date until the Fiscal Year End following the Commencement Date, Tenant shall pay on a monthly basis in advance, without demand, on the first day of each calendar month, as part of the Annual Base Rental, Tenant's Proportionate Share of Operating Expenses (as defined in article 6 and 7) in excess of the Initial Operating Expense Allowance ("Operating Expense Excess").
Notwithstanding the foregoing, if at any time after the Commencement Date, the amount of Real Property Taxes and Assessments decreases, then for purposes of all subsequent Lease Years, including the Lease Year in which such decrease in Real Property Taxes and Assessments occurs, Tenant's Operating Expense Allowance shall be decreased by an amount equal to such decrease in Real Property Taxes and Assessments.
While Tenant is occupying the Premises and is not in default under this Lease, Landlord will furnish sufficient power for lighting and for typewriters, dictaphones, personal computers, calculating machines, and other normal office machines of similar low electrical consumption, all of which power shall be paid for by Landlord as a part of the Operating Expense Allowance.
If the Operating Expenses are less than the Operating Expense Allowance, a credit or check will not be issued.

More Definitions of Operating Expense Allowance

Operating Expense Allowance. Operating Expense Allowance means that portion of Tenant's Percentage of Operating Expenses as described in Paragraph 6 below which Landlord has included in Monthly Base Rent, which, for purposes of this Lease, will be an amount equal to $7.65 per Rentable Square Foot per year.

Operating Expense Allowance means and equal the amount set forth in Section 1 of this Lease.

Operating Expense Allowance means the actual Operating Expense for Operating Year 1996, adjusted as set forth above.

Operating Expense Allowance means and equal the amount set forth in Section 1 of this Lease multiplied by the rentable area of the Building.

Operating Expense Allowance means Two Hundred One Thousand Six Hundred Ninety and 00/100 Dollars ($201,690.00) per year, Four and 15/100 Dollars ($4.15) per square foot An estimate of the first year’s operating costs is attached hereto as Exhibit “B”.

Operating Expense Allowance shall have the meaning set forth in Section 3.2.1 hereof.

Operating Expense Allowance means the Tenant’s Proportionate Share of the amount of Operating Expenses for the calendar year 2002.

Filter & Search

Related Definitions