Common use of Expense Adjustment Clause in Contracts

Expense Adjustment. (i) Tenant shall pay as additional rent for each Calendar Year, that amount (“Expense Adjustment Amount”) which is Tenant’s Proportionate Share of the amount by which the Operating Expenses incurred with respect to such Calendar Year exceed the amount thereof incurred with respect to the Base Year; provided, however, that in determining the amount of Operating Expenses for each Calendar Year subsequent to the Base Year, if less than 95% of the Rentable Area of the Building shall have been occupied at any time during such Calendar Year, Operating Expenses shall be deemed for such Calendar Year to be in the amount reasonably determined by Landlord to be equal to that amount of like expenses which normally would be expected to be incurred had such occupancy been 95% throughout such Calendar Year.

Expense Adjustment. (i) Tenant shall pay as additional rent for each Calendar Year, that amount (“"Expense Adjustment Amount”") which is Tenant’s 's Proportionate Share of the amount by which the Operating Expenses incurred with respect to such Calendar Year exceed the amount thereof incurred with respect to the Operating Expense Base YearAmount; provided, however, that in determining the amount of Operating Expenses for each Calendar Year subsequent to the Base Year, if less than 9595 % of the Rentable Area rentable office area of the Building shall have been occupied at any time during such Calendar Year, Operating Expenses shall be deemed for such Calendar Year to be in the amount reasonably determined by Landlord to be equal to that amount of like expenses which normally would be expected to be incurred had such occupancy Occupancy been 95% throughout such Calendar Year.

Expense Adjustment. (i) Tenant shall pay as additional rent for each Calendar Year, that amount (“"Expense Adjustment Amount”") which is Tenant’s 's Proportionate Share of the amount by which the Operating Expenses incurred with respect to such Calendar Year exceed the amount thereof incurred with respect to the Base Year; provided, however, that in determining the amount of Operating Expenses for each Calendar Year subsequent to the Base Year, if less than 95% of the Rentable Area of the Building shall have been occupied at any time during such Calendar Year, Operating Expenses shall be deemed for such Calendar Year to be in the amount reasonably determined by Landlord to be equal to that amount of like expenses which normally would be expected to be incurred had such occupancy been 95% throughout such Calendar Year. Landlord represents that the Operating Expenses for the Base Year have been or will be adjusted to reflect an occupancy level of ninety five percent (95%) as aforesaid.