Common use of ADJUSTMENTS PENDING RECEIPT OF FINAL INDEX Clause in Contracts

ADJUSTMENTS PENDING RECEIPT OF FINAL INDEX. For each of the adjustment dates referenced above, pending receipt of the required Index Lessee shall pay Lessor an estimated adjusted monthly base rent, reasonably determined by the Lessor based on the then available Index information. Upon notification of the actual adjustment after publication of the required Index, Lessee shall be credited with any overpayments against the next due monthly base rent, or if applicable Lessee shall pay Lessor any underpayments with the next due monthly base rent.

Appears in 6 contracts

Samples: 1500 Santa Anita Lease (Lee Pharmaceuticals), 1470 Santa Anita Lease (Lee Pharmaceuticals), 1434 Santa Anita Lease (Lee Pharmaceuticals)

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ADJUSTMENTS PENDING RECEIPT OF FINAL INDEX. For each of the adjustment dates referenced above, pending receipt of the required Index Lessee shall pay Lessor an estimated adjusted monthly base rent, reasonably determined by the Lessor based on the then available Index information. Upon notification of the actual adjustment after publication of the required Index, Lessee shall be credited with any overpayments against the next due monthly base rent, or if applicable Lessee shall pay Lessor any underpayments with the next due monthly base rent."

Appears in 5 contracts

Samples: 1470 Santa Anita Lease (Lee Pharmaceuticals), 1516 Santa Anita Lease (Lee Pharmaceuticals), Lease Agreement (Lee Pharmaceuticals)

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