Common use of Expense Escalation Clause in Contracts

Expense Escalation. In order to adjust during the term of this lease for increases in the expenses of the Landlord in operating the building, the Tenant shall pay to the Landlord, as additional rent, commencing on May 1, 2001 and on each May 1st thereafter, the amount indicated in Exhibit B as the Expense Payment, such amount to be paid (in addition to the fixed rent) in twelve equal monthly installments.

Appears in 2 contracts

Sources: Lease Agreement (Starmedia Network Inc), Lease Agreement (Starmedia Network Inc)