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 Project and/or 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(g) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the CPR Ag Lots within the Project, Licensor, upon thirty (30) days advance written notice to Licensee, may adjust the amount of the monthly Operating Expense Contribution so that it equals the Licensee’s proportionate share (defined in Section 3.b) of the common expenses assessed by the CPR Association against all the CPR Ag Lots owned by Licensor; provided, however, once the Converted CPR Ag Lot is assessed separately from any of the other CPR Ag Lots, 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.

Operating Expense Contribution. In order to defray a portion of the costs incurred by Licensor to operate the Project and/or 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(g1(i) of the Specific Provisions of this Agreement. Once the CPR Association begins assessing common expenses against the CPR Ag Lots within the Project, Licensor, upon thirty (30) days days’ advance written notice to Licensee, may adjust the amount of the monthly Operating Expense Contribution so that it equals the Licensee’s proportionate share (defined in Section 3.b3.c) of the common expenses assessed by the CPR Association against all the CPR Ag Lots owned by Licensor; provided, however, once the Converted CPR Ag Lot is assessed separately from any of the other CPR Ag Lots, 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.