Operating Expense Escrow Payment

Example Definitions of "Operating Expense Escrow Payment"
Operating Expense Escrow Payment. Commencing with Year 2 one-twelfth (1/12th) of Landlord's estimate of Tenant's Percentage of the increase in the Operating Expenses over the Base Year Operating Expenses.
Found in BAY BANCORP, INC. contract
Operating Expense Escrow Payment. Commencing with Option 1 Renewal, Option 2 Renewal and Option 3 Renewal one-twelfth (1/12th) of Landlord's estimate of Tenant's Percentage of the increase in the Operating Expenses over the Base Year Operating Expenses.
Found in BAY BANCORP, INC. contract
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