Estimated Operating Costs. Commencing on the first anniversary of the Commencement Date, Tenant shall pay to Landlord as Additional Rent one-twelfth (1/12) of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises. This sum shall be paid in advance on or before the first day of each calendar month of the Lease Term. Landlord shall furnish Tenant a written statement of Estimated Operating Costs Allocable to the Premises (in a form similar to that delivered by Landlord to Tenant prior to the Effective Date) in advance of the commencement of each Year. If such written statement is furnished after the commencement of the Year (or as to the first Year during the Lease Term, after the Commencement Date), within thirty (30) days of Tenant’s receipt of same, Tenant shall also make a retroactive lump-sum payment to Landlord equal to the monthly payment amount multiplied by the number of months during the Year (or as to the first Year during the Lease Term, after the Commencement Date) for which no payment was paid. Notwithstanding the foregoing, Landlord reserves the right, from time to time during each Year, to revise the Estimated Operating Costs Allocable to the Premises and upon notice to
Estimated Operating Costs. Tenant shall pay to Landlord as Additional Rent one-twelfth (1/12) of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises. This sum shall be paid in advance on or before the first day of each calendar month of the Lease Term. Landlord shall furnish Tenant a written statement of Estimated Operating Costs Allocable to the Premises in advance of the commencement of each Year. If such written statement is furnished after the commencement of the Year (or as to the first Year during the Lease Term, after the Commencement Date), Tenant shall also make a retroactive lump-sum payment to Landlord equal to the monthly payment amount multiplied by the number of months during the Year (or as to the first Year during the Lease Term, after the Commencement Date) for which no payment was paid. Notwithstanding the foregoing, Landlord reserves the right, from time to time during each Year, to revise the Estimated Operating Costs Allocable to the Premises and upon notice to Tenant of such revision, Tenant shall adjust its payment to Landlord under this subparagraph 3.4.1
Estimated Operating Costs. After the close of each Operating Year during the Term, Landlord shall furnish Tenant a written statement of the “Estimated Operating Costs” for such Operating Year, and a corresponding calculation of additional rent, which shall be one-twelfth (1/12) of Tenant’ Proportionate Share of such estimated amount. Such additional amount shall be added to the monthly installment of Base Rent payable by Tenant under this Lease for each month during such Operating Year.
Estimated Operating Costs. On the first day of each month through the end of the Term, Subtenant shall pay to the Sublandlord as additional Rent in accordance with the terms of Article 5.l(b) hereof, monthly installments equal to one-twelfth (1/12th) of "Subtenant’s Pro Rata Share of Operating Costs" (defined as the product of (i) the total amount of Operating Costs multiplied by (ii) a fraction ("Subtenant’s Pro Rata Share"), the numerator of which is the number of square feet of Rentable Area in the Subleased Premises and the denominator of which is the total number of square feet of Rentable Area of office space in the Building), which will be calculated and invoiced on a per rentable square foot basis. Subtenant’s Pro Rata Share is initially 12.665% based on the initial Subleased Premises, but is subject to adjustment for any additional space subsequently subleased by Subtenant or any reduction in the space subleased by Subtenant. Subtenant shall pay the monthly installments of Subtenant’s Pro Rata Share of Operating Costs based upon Prime Landlord’s estimate of the amount of Operating Costs for the forthcoming calendar year (the "Estimated Operating Costs"). Commencing for calendar year 2000, within ten (10) days after Sublandlord’s receipt of same from Prime Landlord, Sublandlord shall provide Subtenant with a copy of the written statement (the " Estimated Operating Cost Statement") prepared by Prime Landlord for each calendar year setting forth the Estimated Operating Costs that Prime Landlord anticipates incurring during the forthcoming calendar year; provided, however, that the failure of Prime Landlord or Sublandlord to provide any Estimated Operating Cost Statement shall not relieve Subtenant from its obligation to pay such monthly installments on account of Subtenant’s Pro Rata Share of Operating Costs at the rate then currently paid by Subtenant. So long as the Prime Lease remains in effect, the Operating Costs per square foot of Rentable Area of the Building, as determined under the Prime Lease for each calendar year, shall be the Operating Costs per square foot of Rentable Area for purposes of this sublease for each such calendar year. (b)
Estimated Operating Costs. Landlord has prepared an estimate of the Operating Costs for the calendar year of the operation of the Building, (hereinafter referred to as "Estimated Operating Costs"), all of which Operating Costs shall be initially paid by Landlord. The Estimated Operating Costs for the year in which the Lease is executed is as listed in Section 1.13.
Estimated Operating Costs. At the beginning of each year, Landlord shall furnish Tenant a written statement of estimated Operating Costs and Taxes for such year; a calculation of the amount, if any, by which such estimated Operating Costs and Taxes will exceed the Base Amount; and a calculation of Tenant's Pro Rata Share of any such amount. Tenant shall pay one-twelfth (1/12) of said Share as Additional Rent for each month during the year. If at any time during the year Landlord reasonably believes that the actual Operating Costs and Taxes will vary from such estimated Operating Costs and Taxes by more than five percent (5%), Landlord may by written notice to Tenant revise the estimate for such year, and Additional Rent for the balance of such year shall be paid based upon such revised estimates.
Estimated Operating Costs. For the purposes of the present section, the Lessor will give to the Lessee, no later than forty five (45) days before the beginning of each Fiscal Year, a statement indicating the estimated amount of Operating Costs as well as the Lessee's Proportional Share of Operating Expenses for the said period, and the monthly Additional Rent instalments under the present section for the said Fiscal Year will then be based on this estimate.
Estimated Operating Costs. Section 4.2............................14
Estimated Operating Costs. Landlord shall notify Tenant from time to time of the amount which Landlord estimates will be the amount payable by Tenant in accordance with paragraph (d) above, and Tenant shall pay such amounts to Landlord in equal monthly installments, in advance, on the first day of each month, simultaneously with payments of the rent reserved pursuant to Section 2 hereof. Within a reasonable period of time following the end of each annual period of the term, Landlord shall submit to Tenant a statement showing the actual amounts incurred by Landlord as set forth in paragraph (d), the amount theretofore paid by Tenant, and the amount of the resulting balance due thereon, or overpayment thereof, as the case may be. In the event any balance may be due by Tenant, Tenant shall pay said balance within ten (10) business days from the date of such statement. In the event Tenant has made any overpayment, such overpayment shall be credited by Landlord against the next installment or installments of rent which are due and payable hereunder, or if the term of this Lease has expired, such overpayment shall be refunded by Landlord to Tenant, without interest, within ten (10) business days after the date of such statement. Each such statement submitted by Landlord shall be final and conclusive between the parties hereto as to the matters therein set forth, if no objection is raised with respect thereto within fifteen (15) days after submission of each such statement.
Estimated Operating Costs. Allocable to the Premises means Landlord's estimate of Operating Costs Allocable to the Premises for the following Lease Year.
