Common use of Base Year for Operating Costs Clause in Contracts

Base Year for Operating Costs. Effective as of the First Expansion Premises Commencement Date, the Base Year for Tenant’s Percentage of Operating Expenses, Taxes, Insurance Costs and Utilities Costs as to the First Expansion Premises will be those costs and expenses incurred and paid for the calendar year 2012. Effective as of the Second Expansion Premises Commencement Date, the Base Year for Tenant’s Percentage of Operating Expenses, Taxes, Insurance Costs and Utilities Costs as to the Second Expansion Premises will be those costs and expenses incurred and paid for the calendar year 2012.