Shared Facilities The Owners of the Parcel burdened by the Recreational Facilities Easement and of each Parcel upon which any Campus Identification Sign is located (each a "Burdened Owner") shall be entitled to reimbursement from each Owner of each Parcel benefitted by such Easement or the Owner of each other Parcel to the service of which such Campus Identification Sign is dedicated (as applicable, the "Benefitted Owners"), of a pro rata share of the total annual costs of maintenance, and operation (collectively, "Operating Costs") of the improvements within the Recreational Facilities Easement area or said Campus Identification Sign (each, as applicable, a "Shared Facility") incurred by the Burdened Owner. Each Owner affirms its intention that Operating Costs of such Shared Facilities should be construed inclusively and, for avoidance of doubt but without limiting the generality of the preceding sentence, include costs of (v) insurance, (vi) utility service, (vii) cleaning, (viii) painting or restriping, (ix) maintenance (including preventative maintenance), repair, refurbishment and/or replacement of such improvements and all systems serving it (including lighting), (x) consumables (including light bulbs, cleaning supplies, and paint as applicable), and (xi) a management fee not to exceed 5% of the total of all other Operating Costs hereunder. Costs incurred in relation to or for the benefit of portions of the Land or improvements other than a Shared Facility as well as such Shared Facility (including taxes or insurance for the burdened Parcel) shall be allocated to Operating Costs of such Shared Facility on a pro rata or other reasonable basis, provided that Operating Costs shall in no case include management and overhead costs other than as may be included in the management fee provided for above. The Burdened Owner shall, within a reasonable period of time after the end of its fiscal year, submit to the Benefitted Owners an annual statement including a detailed account of Operating Costs incurred over the preceding 12-month period. The Burdened Owner may elect, in its sole discretion (and may from time to time change such election), to obtain reimbursement either annually in arrears (in which case said invoice for the above-stated pro rata share of the total amount shown on the annual statement shall be due and payable when received by each benefitted Owner) or monthly in advance (in which case each Benefitted Owner shall pay to the Burdened Owner, on or before the first day of each calendar month, 1/12th of the total amount shown on an annual budget for the period including such month provided by said Burdened Owner (or, in the absence of such a budget, the last received annual statement), and, with said payment for the first month after an annual statement is received, an additional amount equal to the excess of (i) the above-stated pro rata share of the total amount shown on said statement, over (ii) the total amount actually paid during each month covered thereby, provided that in the event said pro rata share is less than said total actually paid, the Benefitted Owner shall be entitled to a credit against future monthly payments in the amount of the difference). For purposes of this Section 8(c), pro rata cost sharing between the Owners of the Benefitted Parcels shall be determined on the basis of the ratio of the total area of the contributing Owner's Parcel(s) to the total area of the Land.
