Common use of Occupancy Adjustment Clause in Contracts

Occupancy Adjustment. If the Project is not fully occupied by tenants during all or any portion of a year, Landlord may make an appropriate adjustment to those Common Expenses which vary by occupancy, employing sound accounting and management principles, to the amount that would have been incurred if the rentable area of the Project had been fully occupied.

Occupancy Adjustment. If the Project is not fully 100% occupied by tenants during all or any portion of a year, Landlord may make an appropriate adjustment to those Common Expenses which vary by occupancy, employing sound accounting and management principles, to the amount that would have been incurred if the rentable area of the Project had been fully occupiedoccupied thus avoiding unequitable fluctuations in Tenant’s payment for variable Common Expenses (such as janitorial, trash removal, and utilities).