Common use of OPERATING EXPENSE INCREASE Clause in Contracts

OPERATING EXPENSE INCREASE. Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, ▇▇▇▇▇▇'s Share of the amount by which all Operating Expenses 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: (a) Base Year” is as specified in Paragraph 1.9. (b) Comparison Year” is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first 12 months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). ▇▇▇▇▇▇'s Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which ▇▇▇▇▇▇ is responsible for a share of such increase. (c) The following costs relating to the ownership and operation of the Project, calculated as if the Project was at least 95% occupied, are defined as “Operating Expenses”: (i) Costs relating to the operation, repair, and maintenance in neat, clean, safe, good order. and condition, but not the replacement (see subparagraph (g)), of the following:

OPERATING EXPENSE INCREASE. Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, ▇▇▇▇▇▇Lessee's Share of the amount by which all Operating Expenses 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: (a) Base Year” is as specified in Paragraph 1.9. (b) Comparison Year” is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first 12 months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) months). ▇▇▇▇▇▇Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which ▇▇▇▇▇▇ Lessee is responsible for a share of such increase. (c) The following costs relating to the ownership and operation of the Project, calculated as if the Project was at least 95% occupied, are defined as “Operating Expenses”: (i) Costs relating to the operation, repair, and maintenance in neat, clean, safe, good order. and condition, but not the replacement (see subparagraph (g)), of the following:

OPERATING EXPENSE INCREASE. Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, ▇▇▇▇▇▇Lessee's Share of the amount by which all Operating Expenses 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 In accordance with the following provisions: : (a) "Base Year” is " Is as specified in Paragraph 1.9. . (b) "Comparison Year” " is defined as each calendar year during the term of this Lease subsequent to the Base Year; provided, however, Lessee shall have no obligation to pay a share of the Operating Expense Increase applicable to the first 12 months of the Lease Term (other than such as are mandated by a governmental authority, as to which government mandated expenses Lessee shall pay Lessee's Share, notwithstanding they occur during the first twelve (12) 12 months). ▇▇▇▇▇▇Lessee's Share of the Operating Expense Increase for the first and last Comparison Years of the Lease Term shall be prorated according to that portion of such Comparison Year as to which ▇▇▇▇▇▇ Lessee is responsible for a share of such increase. . (c) The following "Operating Expenses" include all costs incurred by Lessor relating to the ownership and operation of the Project, calculated as if the Project was at least 95% occupied, are defined as “Operating Expenses”: (i) Costs relating to the operation, repair, and maintenance in neat, clean, safe, good order. and conditionincluding, but not the replacement (see subparagraph (g))limited to, of the following: