Common use of Operating Expense Contribution Clause in Contracts

Operating Expense Contribution. In order to defray a portion of the costs incurred by Licensor to operate the Property, Licensee shall pay to Licensor each month in advance on or before the first day of each month a fixed monthly Operating Expense Contribution in the amount set forth in Section 1(i) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the Converted CPR Ag Lot (defined in Addendum A.2), Licensor may provide Licensee with written notice thereof and thereafter the monthly Operating Expense Contribution shall be adjusted to equal the actual amount of common expenses assessed by the CPR Association against the Converted CPR Ag Lot.

Appears in 1 contract

Sources: Month to Month License Agreement

Operating Expense Contribution. In order to defray a portion of the costs incurred by Licensor to operate the Property, Licensee shall pay to Licensor each month in advance on or before the first day of each month a fixed monthly Operating Expense Contribution in the amount set forth in Section 1(i1(g) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the Converted CPR Ag Lot (defined in Addendum A.2)Lot, Licensor may provide Licensee with written notice thereof and thereafter the monthly Operating Expense Contribution shall be adjusted to equal the actual amount of common expenses assessed by the CPR Association against the Converted CPR Ag Lot.

Appears in 1 contract

Sources: 99 Year License Agreement

Operating Expense Contribution. In order to defray a portion of the costs incurred by Licensor to operate the PropertyProject, Licensee shall pay to Licensor each month in advance on or before the first day of each month a fixed monthly Operating Expense Contribution in the amount set forth in Section 1(i) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the Converted CPR Ag Lot (defined in Addendum A.2), Licensor may provide Licensee with written notice thereof and thereafter the monthly Operating Expense Contribution shall be adjusted to equal the actual amount of common expenses assessed by the CPR Association against the Converted CPR Ag Lot.

Appears in 1 contract

Sources: Month to Month License Agreement

Operating Expense Contribution. In order to defray a portion of the costs incurred by Licensor to operate the PropertyProject, Licensee shall pay to Licensor each month in advance on or before the first day of each month a fixed monthly Operating Expense Contribution in the amount set forth in Section 1(i1(g) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the Converted CPR Ag Lot (defined in Addendum A.2)Lot, Licensor may provide Licensee with written notice thereof and thereafter the monthly Operating Expense Contribution shall be adjusted to equal the actual amount of common expenses assessed by the CPR Association against the Converted CPR Ag Lot.

Appears in 1 contract

Sources: 99 Year License Agreement