Gross Adjustment Sample Clauses
The Gross Adjustment clause defines how certain amounts, such as prices or payments, are modified to account for specific factors or circumstances. In practice, this clause may require that figures be increased or decreased based on agreed-upon criteria, such as changes in market value, taxes, or other financial adjustments. Its core function is to ensure that the final amounts reflect the true economic intent of the parties, thereby preventing disputes and maintaining fairness in the transaction.
Gross Adjustment. In the event that the Rentable Area is not fully occupied during any particular Lease Year, Landlord’s Accountants shall adjust those Operating Expenses for the particular Lease Year, or portion thereof, as the case may be, which are affected by the occupancy rates to reflect an occupancy of ninety-five percent (95%) of all such Rentable Area.