Common use of Operating Expense Cap Clause in Contracts

Operating Expense Cap. Except or real property taxes, insurance premiums, and utility charges (including, but not limited to, electricity, fuel, water, sewer, gas, etc.) the full pro rata share of which excess operating expenses Lessee shall pay as stated in sections 2.02 and 2.03 of this Lease, Lessor agrees that Lessee shall not pay, as its pro rata share of such excess operating expenses related to the remaining operating expenses described in said sections 2.02 and 2.03, an amount which is greater than one hundred ten percent (110%) of the amount of said remaining excess operating expenses paid by Lessee for the next previous year.

Operating Expense Cap. Except or for real property taxes, insurance premiums, management fees and utility charges (including, but not limited to, electricity, fuel, water, sewer, gas, etc.) the full pro rata share of which excess operating expenses Lessee shall pay as stated in sections 2.02 and 2.03 of this Lease, Lessor agrees that Lessee shall not pay, as its pro rata share of such excess operating expenses related to the remaining operating expenses described in said sections 2.02 and 2.03, an amount which is greater than one hundred ten eight percent (110108%) of the amount of said remaining excess operating expenses paid by Lessee for the next previous yearyear provided further that Lessee shall pay the full amount of its pro rata share of said remaining excess operating expenses arising during the first year of this Lease.