Common use of Estimated Payments Clause in Contracts

Estimated Payments. At or prior to the commencement of each calendar year during the Term after the Base Year, Landlord may reasonably estimate Expenses and Taxes for the ensuing calendar year and compute the annual amount of Expenses and Taxes payable by Tenant for such calendar year based on said estimate. On the first day of the month following the furnishing of a written estimate of Expenses and Taxes, Tenant shall pay to Landlord a sum equal to one-twelfth of Tenant’s Share of such estimated Expenses and Taxes multiplied by the number of months then elapsed, commencing with January first of such calendar year, including the current month, and thereafter, until a different billing shall be submitted, the monthly installments payable under the Lease shall be increased by an amount equal to one-twelfth of Tenant’s Share of such estimated Expenses and Taxes. If at any time Landlord reasonably determines that Expenses or Taxes for the current calendar year will vary from Landlord’s estimate, Landlord may but not more than twice per calendar year, by written notice to Tenant, revise its estimate for such calendar year, and subsequent payments by Tenant for such calendar year shall be based upon such revised estimate.

Estimated Payments. At or prior to the commencement of each calendar year during the Term after the Base Year, Landlord may reasonably estimate Expenses and Taxes for the ensuing calendar year and compute the annual amount of Expenses and Taxes payable by Tenant for such calendar year based on said estimate. On the first day of the month following the furnishing of a written estimate of Expenses and Taxes, Tenant shall pay to Landlord a sum equal to one-twelfth of Tenant’s Share of such estimated Expenses and Taxes multiplied by the number of months then elapsed, commencing with January first of such calendar year, including the current month, and thereafter, until a different billing shall be submitted, the monthly installments payable under the Lease shall be increased by an amount equal to one-twelfth of Tenant’s Share of such estimated Expenses and Taxes. If at any time Landlord reasonably determines that Expenses or Taxes for the current calendar year will vary from Landlord’s estimate, Landlord may but not more than twice per calendar yearmay, by written notice to Tenant, revise its estimate for such calendar year, and subsequent payments by Tenant for such calendar year shall be based upon such revised estimate.

Estimated Payments. At or prior to the commencement Tenant shall make monthly installment payments toward Tenant's Share of each calendar year during the Term after the Base YearTax Increases on an estimated basis, Landlord may reasonably based on Landlord's reasonable estimate Expenses and Taxes for the ensuing calendar year and compute the annual amount of Expenses and Taxes payable by Tenant Tax Increases for such calendar year based year. Tenant shall pay Landlord, commencing on said estimate. On the first anniversary of the Space A Commencement Date in respect of Space A, and commencing on the first anniversary of the Space B Commencement Date in respect of Space B, and on the first day of each month thereafter during the month following the furnishing of a written estimate of Expenses and TaxesTerm, Tenant shall pay to Landlord a sum equal to one-twelfth (1/12) of Landlord's estimate of Tenant’s 's Share of such estimated Expenses and Taxes multiplied by Tax Increases for the number of months then elapsed, commencing with January first of such then-current calendar year, including the current month, and thereafter, until a different billing shall be submitted, the monthly installments payable under the Lease shall be increased by an amount equal to one-twelfth of Tenant’s Share of such estimated Expenses and Taxes. If at any time or times during such calendar year, it appears to Landlord reasonably determines that Expenses or Taxes Tenant's Share of Tax Increases for the current such calendar year will vary from Landlord’s estimate's estimate by more than five percent (5%) on an annualized basis, Landlord may but not more than twice per calendar yearmay, by written notice to Tenant, revise its estimate for such calendar year, year and subsequent Tenant's estimated payments by Tenant hereunder for such calendar year shall thereupon be based upon on such revised estimate.