Common use of OPERATING EXPENSE INCREASE Clause in Contracts

OPERATING EXPENSE INCREASE. Sublessee shall pay to Sublessor during the term hereof, in addition to the Base Rent, Sublessee'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 2003.