Common use of Operating Expense Increases Clause in Contracts

Operating Expense Increases. The cost of operating the Fund could increase as salaries and fees increase and as costs of other items rise. The Lease provides for a 2 percent increase annually in the rental income received by the Trustee. Operating expenses are estimated to increase by 2 percent annually. However, if operating expenses were to increase by an amount greater than the increase in rental income, this could result in a reduction in the amount of income available to be allocated to income beneficiaries.