Tenant’s Payments. (a) In the event that for any Operating Year Operating Expenses shall exceed Base Operating Expenses, Tenant shall pay to Landlord, as an Escalation Charge, an amount equal to (i) such excess Operating Expenses multiplied by (ii) the Escalation Factor, such amount to be apportioned for any portion of an Operating Year in which the Commencement Date falls or the Term of this Lease ends.
Appears in 4 contracts
Samples: Lease (Cerevel Therapeutics Holdings, Inc.), Assignment and Assumption, Assignment and Assumption (Rhythm Holding Company, LLC)
