Common use of Net Character Clause in Contracts

Net Character. Building Operating Costs shall be “net” only, and for that purpose shall be reduced by the amounts of any reimbursement or credit owed to Landlord from any source, including Tenant and other tenants of the Building.

Net Character. Building Operating Costs shall be “net” only, and for that purpose shall be reduced by the amounts of any reimbursement or credit owed to Landlord from any sourcesource (other than tenants’ proportionate shares of Building Operating Costs), including Tenant and other tenants of the Building.