Cap on Operating Expense Increase Sample Clauses
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Cap on Operating Expense Increase. Tenant shall not be responsible for payment of Tenant’s Proportionate Share of Total Operating Expenses for any year, exclusive of real estate taxes, assessments, insurance, utility costs, janitorial services, trash removal, elevator, escalator and HVAC maintenance costs allocated to the Premises, in excess of six percent (6%) over the Total Operating Expenses for the prior Lease Year, exclusive of real property taxes, assessments, insurance, utility costs, janitorial services, trash removal, elevator, escalator and HVAC maintenance costs allocated to the Premises. For purposes of calculating Operating Expense increases subject to this provision, landlord shall apply the six percent (6%) cap separately to each expense category not specifically excluded herein, it being the intent of the parties hereto that non-excluded expense categories shall not be grouped together or averaged in arriving at allowable increase amounts.
Cap on Operating Expense Increase. For purposes of determining the amount of Tenant's obligation to pay Operating Expenses and Landlord's estimate thereof, Controllable Operating Expenses (defined below) for any Operating Year will be deemed not to increase by more than 3% per year (on a non-cumulative, non-compounding basis) over the amount of Controllable Operating Expenses during the preceding Operating Year.