Common use of Operating Expense Increases Clause in Contracts

Operating Expense Increases. Tenant shall pay to Landlord during the term hereof, in addition to the Base Rent, Tenant's Share, as hereinafter defined, of the amount by which all Operating Expenses, as hereinafter defined, for each Comparison Year exceeds the amount of all Operating Expenses for the Base Year, such excess being hereinafter referred to as the "Operating Expense Increase," in accordance with the following provisions:

Appears in 1 contract

Sources: Office Lease Agreement (Inflow Inc)

Operating Expense Increases. Tenant shall pay to Landlord during the term hereof, in addition to the Base Rent, Tenant's Share, as hereinafter defined, Share of the amount by which all Operating Expenses, as hereinafter defined, Expenses for each Comparison Year exceeds the amount of all Operating Expenses for the Base Year, such excess being hereinafter referred to as the ". Tenant's Share of Operating Expense Increase," increases shall be determined in accordance with the following provisions:

Appears in 1 contract

Sources: Lease Agreement (Storagenetworks Inc)