Common use of Actual Operating Expenses Clause in Contracts

Actual Operating Expenses. Within one hundred twenty (120) days after the end of each Calendar Year, or as soon as possible thereafter, Landlord shall submit a statement to Tenant showing the actual Operating Expenses for such Calendar Year and Tenant's Proportionate Share of the amount by which such Operating Expenses exceed the Expense Stop. If for any Calendar Year Tenant's estimated monthly payments exceed Tenant's Proportionate Share of the amount by which the actual Operating Expenses for such Calendar Year exceed the Expense Stop, then Landlord shall give Tenant credit in the amount of the overpayment toward Tenant's next monthly payments of estimated Operating Expenses. If for any Calendar Year Tenant's estimated monthly payments are less than Tenant's Proportionate Share of the amount by which the actual Operating Expenses for such Calendar Year exceed the Expense Stop, then Tenant shall pay the total amount of such deficiency to Landlord within thirty (30) days after notice from Landlord. Landlord's and Tenant's obligations with respect to any overpayment or under payment of Operating Expenses shall survive the expiration or termination of this Lease,

Appears in 1 contract

Sources: Deed of Lease (Access National Corp)

Actual Operating Expenses. Within one hundred twenty (120) days after the end of each Calendar Year, or as soon as possible thereafter, Landlord shall submit a statement to Tenant showing the actual Operating Expenses for such Calendar Year and Tenant's Proportionate Share of the amount by which such Operating Expenses exceed the Expense StopOperating Expenses during the Base Year. If for any Calendar Year Year, Tenant's estimated monthly payments exceed Tenant's Proportionate Share of the amount by which the actual Operating Expenses for such Calendar Year exceed the Expense StopOperating Expenses during the Base Year, then Landlord shall give Tenant a credit in the amount of the overpayment toward Tenant's next monthly payments of estimated Operating Expenses. If for any Calendar Year Tenant's estimated monthly payments are less than Tenant's Proportionate Share of the amount by which the actual Operating Expenses for such Calendar Year exceed the Expense StopOperating Expenses during the Base Year, then Tenant shall pay the total amount of such deficiency to Landlord within thirty (30) days after notice receipt of the statement from Landlord. Landlord's and Tenant's obligations with respect to any overpayment or under payment underpayment of Operating operating Expenses shall survive the expiration or termination of this Lease,.

Appears in 1 contract

Sources: Deed of Lease (Qorus Com Inc)

Actual Operating Expenses. Within one hundred twenty eighty (120180) days after the end of each Calendar Year, or as soon as possible thereafter, Landlord shall submit a statement to Tenant showing the actual Operating Expenses for such Calendar Year and Tenant's Proportionate Share of the amount by which such Operating Expenses exceed the Expense StopOperating Expenses during the Base Year. If for any Calendar Year Year, Tenant's estimated monthly payments exceed Tenant's Proportionate Share of the amount by which the actual Operating Expenses for such Calendar Year exceed the Expense StopOperating Expenses during the Base Year, then Landlord shall give Tenant a credit in the amount of the overpayment toward Tenant's next monthly payments of estimated Operating Expenses. If for any Calendar Year Tenant's estimated monthly payments are less than Tenant's Proportionate Share of the amount by which the actual Operating Expenses for such Calendar Year exceed the Expense StopOperating Expenses during the Base Year, then Tenant shall pay the total amount of such deficiency to Landlord within thirty (30) days after notice receipt of the statement from Landlord. Landlord's and Tenant's obligations with respect to any overpayment or under payment underpayment of Operating Expenses shall survive the expiration or earlier termination of this Lease,.

Appears in 1 contract

Sources: Deed of Lease (Versatility Inc)

Actual Operating Expenses. Within one hundred twenty ninety (12090) days after the end of each Calendar Year, or as soon as possible thereafter, Landlord shall submit a statement to Tenant showing the actual Operating Expenses for such Calendar Year and Tenant's Proportionate Share of the amount by which such Operating Expenses exceed the Expense StopOperating Expenses during the Base Year. If for any Calendar Year Year, Tenant's estimated monthly payments exceed Tenant's Proportionate Share of the amount by which the actual Operating Expenses for such Calendar Year exceed the Expense StopOperating Expenses during the Base Year, then Landlord shall give Tenant a credit in the amount of the overpayment over-payment toward Tenant's Tenant s next monthly payments of estimated Operating Expenses. If for any Calendar Year Tenant's estimated monthly payments are less than Tenant's Proportionate Share of the amount by which the actual Operating Expenses for such Calendar Year exceed the Expense StopOperating Expenses during the Base Year, then Tenant shall pay the total amount of such deficiency to Landlord within thirty (30) days after notice receipt of the statement from Landlord. Landlord's and Tenant's obligations with respect to any overpayment or under payment underpayment of Operating Expenses shall survive the expiration or earlier termination of this Lease,.

Appears in 1 contract

Sources: Deed of Lease (Proxicom Inc)

Actual Operating Expenses. Within one hundred twenty eighty (120180) days after the end of each Calendar Year, or as soon as possible thereaftercalendar year, Landlord shall submit a statement to Tenant showing the actual Operating Expenses for such Calendar Year calendar year and Tenant's Proportionate Share of the amount by which such Operating Expenses exceed the Expense StopOperating Expenses during the Base Year. If for any Calendar Year calendar year, Tenant's estimated monthly payments exceed Tenant's Proportionate Share of the amount by which the actual Operating Expenses for such Calendar Year calendar year exceed the Expense StopOperating Expenses during the Base Year, then Landlord shall give Tenant a credit in the amount of the overpayment toward Tenant's next monthly payments of estimated Operating Expenses. If for any Calendar Year calendar year Tenant's estimated monthly payments are less than Tenant's Proportionate Share of the amount by which the actual Operating Expenses for such Calendar Year calendar year exceed the Expense StopOperating Expenses during the Base Year, then Tenant shall pay the total amount of such deficiency to Landlord within thirty (30) days after notice receipt of the statement from Landlord. Landlord's and Tenant's obligations with respect to any overpayment or under payment underpayment of Operating Expenses shall survive the expiration or earlier termination of this Lease,.

Appears in 1 contract

Sources: Lease Agreement (Crosswalk Com)