Common use of Operating Expense Clause in Contracts

Operating Expense. Pursuant to Article 5 of the Eighth Amendment to the Master Lease, Sublandlord is subject to a Base Year of 2002. Should Lessor exceed their Base Year amount and therefore charge a monthly operating expense, Subtenant shall pay to the Sublandlord during the term of the Sublease in addition to the monthly Base Rent, Subtenant’s share of operating expenses during the term of this Sublease. Subtenant’s prorata share of the Premises is determined to be 2.973%. “Operating Expenses” is defined, for purposes of this Sublease, to include all costs, if any incurred by Landlord in the exercise of the Landlord’s reasonable discretion, for the operation, repair, maintenance, and replacement, in neat, clean, safe, good order and condition, of the Premises.