Common use of Computation of Increases in Rent Payable by Tenant Clause in Contracts

Computation of Increases in Rent Payable by Tenant. When the Landlord shall furnish the Tenant with any Comparative Statement in accordance with this Article which shall show an Increase in Projected Real Estate Taxes, then commencing April 1, 2001, and on April 1 of each Subsequent Year in question, in addition to the increase in rent attributable to the Operating Expense Payment for such Subsequent Year, the rent payable under the lease shall be increased by the Tenant's Proportionate Share of the increase in the Projected Real Estate Taxes. Such increases shall be payable (with payment on account of such increases) as follows: on the first day for the payment of rent under this lease following the receipt of the Comparative Statement, the Tenant shall pay to the Landlord the sum equal to (1) the aggregate of one-twelfth of the Tenant's Proportionate Share of the increase in Projected Real Estate Taxes, plus or minus, as the case may be, (2) any adjustment necessitated by a variance between (x) the Projected Real Estate Taxes for such immediately preceding Subsequent Year and (y) the actual Real Estate Taxes for such immediately preceding Subsequent Year, plus (3) one-twelfth of the Tenant's Operating Expenses payment. Until a different Comparative Statement shall be submitted as above provided, the monthly installments or rent payable under this lease due to an Increase in Projected Real Estate Taxes shall continue to be increased by such amount; however, notwithstanding any other provision herein, the failure of the Landlord to submit a Comparative Statement in any Subsequent Year shall not affect the amounts payable by Tenant as Operating Expense Payment in such Subsequent Year. With respect to the Comparative Statement furnished to the Tenant in the Subsequent Year following the year in which the term of this lease terminates, if such Comparative Statement shall indicate an adjustment necessitated by a variance of the type referred to in clauses (x) and (y) in the immediately preceding paragraph, then the Tenant shall promptly pay to the Landlord, or the Landlord promptly shall pay to the Tenant, as the case may be, the amount of any such adjustment as indicated in such Comparative Statement.

Computation of Increases in Rent Payable by Tenant. When the Landlord shall furnish the Tenant with any Comparative Statement in accordance with this Article which shall show an Increase in Projected Real Estate Taxes, then commencing April July 1, 2001, 2001 and commencing on April July 1 of each Subsequent Year in question, in addition to the increase in rent attributable to the Operating Expense Payment for such Subsequent Year, the rent payable under the lease shall be increased by the Tenant's Proportionate Share of the increase in the Projected Real Estate Taxes. Such increases shall be payable (with payment on account of such increases) as follows: on the first day for the payment of rent under this lease following the receipt of the Comparative Statement, the Tenant shall pay to the Landlord the sum equal to (1) the aggregate of one-twelfth of the Tenant's Proportionate Share of the increase in Projected Real Estate Taxes, plus or minus, as the case may be, (2) any adjustment necessitated by a variance between (x) the Projected Real Estate Taxes for such immediately preceding Subsequent Year and (y) the actual Real Estate Taxes for such immediately preceding Subsequent Year, plus (3) one-twelfth of the Tenant's Operating Expenses paymentPayment. Until a different Comparative Statement shall be submitted as above provided, the monthly installments or rent payable under this lease due to an Increase in Projected Real Estate Taxes shall continue to be increased by such amount; however, notwithstanding any other provision herein, the failure of the Landlord to submit a Comparative Statement in any Subsequent Year shall not affect the amounts payable by Tenant as Operating Expense Payment in such Subsequent Year. With respect to the Comparative Statement furnished to the Tenant in the Subsequent Year following the year in which the term of this lease terminates, if such Comparative Statement shall indicate an adjustment necessitated by a variance of the type referred to in clauses (x) and (y) in the immediately preceding paragraph, then the Tenant shall promptly pay to the Landlord, or the Landlord promptly shall pay to the Tenant, as the case may be, the amount of any such adjustment as indicated in such Comparative Statement.

Computation of Increases in Rent Payable by Tenant. When the Landlord shall furnish the Tenant with any Comparative Statement in accordance with this Article which shall show an Increase in Projected Real Estate Taxes, then commencing April 1, 2001, and on April 1 of each Subsequent Year in question, in addition to the increase in rent attributable to the Operating Expense Payment for such Subsequent Year, the rent payable under the lease shall be increased by the Tenant's Proportionate Share of the increase in the Projected Real Estate Taxes. Such increases shall be payable (with payment on account of such increases) as follows: on the first day for the payment of rent under this lease following the receipt of the Comparative Statement, the Tenant shall pay to the Landlord the sum equal to (1) the aggregate of one-twelfth of the Tenant's Proportionate Share of the increase in Projected Real Estate Taxes, plus or minus, as the case may be, (2) any adjustment necessitated by a variance between (x) the Projected Real Estate Taxes for such immediately preceding Subsequent Year and (y) the actual Real Estate Taxes for such immediately preceding Subsequent Year, plus (3) one-twelfth of the Tenant's Operating Expenses Expenses' payment. Until a different Comparative Statement shall be submitted as above provided, the monthly installments or rent payable under this lease due to an Increase in Projected Real Estate Taxes shall continue to be increased by such amount; however, notwithstanding any other provision herein, the failure of the Landlord to submit a Comparative Statement in any Subsequent Year shall not affect the amounts payable by Tenant as Operating Expense Payment in such Subsequent Year. With respect to the Comparative Statement furnished to the Tenant in the Subsequent Year following the year in which the term of this lease terminates, if such Comparative Statement shall indicate an adjustment necessitated by a variance of the type referred to in clauses (x) and (y) in the immediately preceding paragraph, then the Tenant shall promptly pay to the Landlord, or the Landlord promptly shall pay to the Tenant, as the case may be, the amount of any such adjustment as indicated in such Comparative Statement.

Computation of Increases in Rent Payable by Tenant. When the Landlord shall furnish the Tenant with any Comparative Statement in accordance with this Article which shall show an Increase in Projected Real Estate TaxesTaxes and/or a Fuel Oil Escalation, if any, then commencing April on December 1, 2001, and on April 1 of each Subsequent Year the year in question, in addition to the increase in rent attributable to the Operating Expense Payment for such Subsequent Yearthe 12-month period then commencing, the rent payable under the lease shall be increased by the Tenant's Proportionate Share of the increase in the Projected Real Estate TaxesTaxes and the Fuel Oil Escalation. Such increases shall be payable (with payment on account of such increases) as follows: on the first day for the payment of rent under this lease following the receipt of the Comparative Statement, the Tenant shall pay to the Landlord the sum equal to (1) the aggregate of one-twelfth of the Tenant's Proportionate Share of the increase in Projected Real Estate Taxes, (plus or minus, as the case may be), (2) any adjustment necessitated by a variance between (x) the Projected Real Estate Taxes for such immediately preceding Subsequent Year and (y) the actual Real Estate Taxes for such immediately preceding Subsequent Year, plus (3) one-twelfth of the Tenant's Operating Expenses paymentPayment for the 12-month period then commencing plus (4) one-twelfth of the Fuel Oil Escalation for the 12-month period then ended. Until a different Comparative Statement shall be submitted as above provided, the monthly installments or rent payable under this lease due to an Increase in Projected Real Estate Taxes and Fuel Oil Escalation shall continue to be increased by such amount; however, notwithstanding any other provision herein, the failure of the Landlord to submit a Comparative Statement in any Subsequent Year shall not affect the amounts payable by Tenant as Operating Expense Payment in such Subsequent Year. With respect to the Comparative Statement furnished to the Tenant in the Subsequent Year following the year in which the term of this lease terminates, if such Comparative Statement shall indicate an adjustment necessitated by a variance of the type referred to in clauses (x) and (y) in the immediately preceding paragraph, then the Tenant shall promptly pay to the Landlord, or the Landlord promptly shall pay to the Tenant, as the case may be, the amount of any such adjustment as indicated in such Comparative Statement.