Common use of Project Operating Costs Clause in Contracts

Project Operating Costs. (a) In order that the Rent payable during the Term reflect any increase in Project Operating Costs (described below), Tenant agrees to pay to Landlord as Rent, Tenant's Proportionate Share (defined in Paragraph 3.02) of all increases in costs, expenses and obligations attributable to the Project and its operation, all as provided below. (b) If, during any Calendar year during the Term, Project Operating Costs exceed the Project Operating Costs for the calandar year of the Occupancy, Tenant shall pay to Landlord, in addition to the Base Rent and all of the payments due under this Lease, an amount equal to Tenant's Proportionate Share of such excess Project Operating Costs in accordance with the provisions of this Paragraph 3.01(b). (c) The term "Project Operating Costs" shall include all those items described in the following subparagraphs (1) and (2).

Project Operating Costs. (a) In order that the Rent payable during the Term reflect any increase in Project Operating Costs (described below), Tenant agrees to pay to Landlord as Rent, Tenant's Proportionate Share (defined in Paragraph 3.02) of all increases in costs, expenses and obligations attributable to the Project and its operation, all as provided below. (b) If, during any Calendar year during the Term, Project Operating Costs exceed the Project Operating Costs for the calandar first year of the OccupancyTerm, Tenant shall pay to Landlord, in addition to the Base Rent and all of the payments due under this Lease, an amount equal to Tenant's Proportionate Share of such excess Project Operating Costs in accordance with the provisions of this Paragraph 3.01(b). (c) The term "Project Operating Costs" shall include all those items described in the following subparagraphs (1) and (2).

Project Operating Costs. (a) a. In order that the Rent payable during the Term reflect any increase in Project Operating Costs (described below)Costs, Tenant agrees to pay to Landlord as Rent, Tenant's Proportionate Share (defined in Paragraph 3.02) of all increases in costs, expenses and obligations attributable to the Project and its operation, all as provided below. The purpose of this provision is to reflect the fact that Landlord and Tenant intend and agree that this Lease shall constitute a "triple net" Lease with respect to the Premises. (b) If, during any Calendar b. During each calendar year during the Termterm, Project Operating Costs exceed (collectively, the Project Operating Costs for the calandar year of the Occupancy, "Lease Years") Tenant shall pay to Landlord, in addition to the Base Rent and all of the other payments due under this Lease, an amount equal to Tenant's Proportionate Share of such excess Project Operating Costs in accordance with the provisions of this Paragraph 3.01(b)Section 5.3b. (c1) The term "Project Operating Costs" shall include all those items Items described in the following subparagraphs (1a) and (2b).