Common use of Estimated Payments Clause in Contracts

Estimated Payments. Commencing with the first day of the second Lease Year of the Lease Term, Tenant shall make monthly installment payments toward Tenant's Share of Expense Increases on an estimated basis, based on Landlord's reasonable estimate of Expense Increases for such calendar year. Landlord shall provide its estimate of such costs with as much advance notice as is reasonably possible. Tenant shall pay Landlord, as additional rent, commencing on the first day of the month immediately following the last day of the Operating Costs Base Year, and on the first day of each month thereafter during the Term, one-twelfth (1/12th) of Landlord's estimate of Tenant's Share of Expense Increases for the then-current calendar year. If at any time or times during such calendar year, it appears to Landlord that Tenant's Share of Expense Increases for such calendar year will vary from Landlord's estimate by more than five percent (5%) on an annualized basis, Landlord may, by written notice to Tenant, revise its estimate for such calendar year and Tenant's estimated payments hereunder for the balance of such calendar year shall thereupon be based on such revised estimate.

Appears in 1 contract

Samples: Deed of Lease (Interliant Inc)

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Estimated Payments. Commencing with the first day of the second Lease Year of the Lease Term, Tenant shall make monthly installment payments toward Tenant's Share of Expense Increases on an estimated basis, based on Landlord's reasonable estimate of Expense Increases for such calendar year. Landlord shall provide its estimate of such costs with as much advance notice as is reasonably possibleLease Year. Tenant shall pay Landlord, as additional rent, commencing on the first day of the month immediately following the last day of the Operating Costs Base Year, and on the first day of each month thereafter during the Term, one-twelfth (1/12th) of Landlord's estimate of Tenant's Share of Expense Increases for the then-current calendar yearLease Year. If at any time or times during such calendar year, Lease Year it appears to Landlord that Tenant's Share of Expense Increases for such calendar year Lease Year will vary from Landlord's estimate by more than five percent (5%) on an annualized basis, Landlord may, by written notice to Tenant, revise its estimate for such calendar year Lease Year and Tenant's estimated payments hereunder for the balance of such calendar year Lease Year shall thereupon be based on such revised estimate.

Appears in 1 contract

Samples: Sublease Agreement (Information Analysis Inc)

Estimated Payments. Commencing with the first day of the second Lease Year of the Lease Term, Tenant shall make monthly installment payments toward Tenant's Share of Expense Tax Increases on an estimated basis, based on Landlord's reasonable estimate of Expense Tax Increases for such calendar year. Landlord shall provide its estimate of such costs with as much advance notice as is reasonably possible. Tenant shall pay Landlord, as additional rent, commencing on the first day of the month immediately following the last day of the Operating Costs Real Estate Tax Base Year, and on the first day of each month thereafter during the Term, one-twelfth (1/12th) of Landlord's estimate of Tenant's Share of Expense Tax Increases for the then-current calendar year. If at any time or times during such calendar year, it appears to Landlord that Tenant's Share of Expense Tax Increases for such calendar year will vary from Landlord's estimate by more than five percent (5%) on an annualized basis, Landlord may, by written notice to Tenant, revise its estimate for such calendar year and Tenant's estimated payments hereunder for the balance of such calendar year shall thereupon be based on such revised estimate.

Appears in 1 contract

Samples: Deed of Lease (Interliant Inc)

Estimated Payments. Commencing with as of the first day of the second Lease Year of the Lease Term, Tenant shall make monthly installment payments toward Tenant's ’s Share of Expense Increases in Operating Costs on an estimated basis, based on Landlord's ’s reasonable estimate of Expense Increases Operating Costs for such calendar year. Landlord shall provide its estimate of such costs with as much advance notice as is reasonably possible. year Tenant shall pay Landlord, as additional rentAdditional Rent, commencing on the first day of the month immediately following the last day of the Operating Costs Base Year, second Lease Year and on the first day of each month thereafter during throughout the TermTerm (and any extension thereof), one-twelfth (1/12th) of Landlord's ’s estimate of Tenant's ’s Share of Expense Increases in Operating Costs for the then-current calendar year. If at any time or times during such calendar year, year it appears to Landlord that Tenant's ’s Share of Expense Increases in Operating Costs for such calendar year will vary from Landlord's ’s estimate by more than five percent (5%) on an annualized basis, Landlord may, by written notice to Tenant, revise its estimate for such calendar year and Tenant's ’s estimated payments hereunder for the balance of such calendar year shall thereupon be based on such revised estimate.

Appears in 1 contract

Samples: Assignment Agreement (ICF International, Inc.)

Estimated Payments. Commencing with as of the first day of the second Lease Year of thirteenth month after the Lease TermCommencement Date, Tenant shall make monthly installment payments toward Tenant's ’s Share of Expense Increases in Operating Costs on an estimated basis, based on Landlord's ’s reasonable estimate of Expense Increases Operating Costs for such calendar year. Landlord shall provide its estimate of such costs with as much advance notice as is reasonably possible. Tenant shall pay Landlord, as additional rentAdditional Rent, commencing on the first day of the month immediately following the last day of the Operating Costs Base Year, Term and on the first day of each month thereafter during throughout the TermTerm (and any extension thereof), one-twelfth (1/12th) of Landlord's ’s estimate of Tenant's ’s Share of Expense Increases in Operating Costs for the then-current calendar year. If at any time or times during such calendar year, year it appears to Landlord that Tenant's ’s Share of Expense Increases in Operating Costs for such calendar year will vary from Landlord's estimate by more than five percent (5%) on an annualized basis’s estimate, Landlord may, by written notice to Tenant, reasonably revise its estimate for such calendar year and Tenant's ’s estimated payments hereunder for the balance of such calendar year shall thereupon be based on such revised estimate.

Appears in 1 contract

Samples: Deed of Lease (Embarcadero Technologies Inc)

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Estimated Payments. Commencing with the first day of the second Lease Year of the Lease Term, Tenant shall make monthly installment payments toward Tenant's Share of Expense Tax Increases on an estimated basis, based on Landlord's reasonable estimate of Expense Tax Increases for such calendar year. Landlord shall provide its estimate of such costs with as much advance notice as is reasonably possible. Tenant shall pay Landlord, as additional rent, commencing on the first day anniversary of the month immediately following Space A Commencement Date in respect of Space A, and commencing on the last day first anniversary of the Operating Costs Base YearSpace B Commencement Date in respect of Space B, and on the first day of each month thereafter during the Term, one-twelfth (1/12th1/12) of Landlord's estimate of Tenant's Share of Expense Tax Increases for the then-current calendar year. If at any time or times during such calendar year, it appears to Landlord that Tenant's Share of Expense Tax Increases for such calendar year will vary from Landlord's estimate by more than five percent (5%) on an annualized basis, Landlord may, by written notice to Tenant, revise its estimate for such calendar year and Tenant's estimated payments hereunder for the balance of such calendar year shall thereupon be based on such revised estimate.

Appears in 1 contract

Samples: Lease Agreement (Net2000 Communications Inc)

Estimated Payments. Commencing with on the first day of the second Lease Year of the Lease TermRent Commencement Date, Tenant shall make monthly installment payments toward Tenant's ’s Share of Expense Increases Operating Expenses on an estimated basis, based on Landlord's ’s reasonable estimate of Expense Increases Operating Expenses for such calendar year. Landlord shall provide its estimate of such costs with as much advance notice as is reasonably possible. Tenant shall pay Landlord, as additional rentAdditional Rent, commencing on the first day of the month immediately following the last day of the Operating Costs Base Year, Rent Commencement Date and on the first day of each month thereafter during throughout the TermTerm (and any extension thereof), one-twelfth (1/12th) of Landlord's ’s estimate of Tenant's ’s Share of Expense Increases Operating Expenses for the then-current calendar year. If at any time or times during such calendar year, year it appears to Landlord that Tenant's ’s Share of Expense Increases Operating Expenses for such calendar year will vary from Landlord's estimate by more than five percent (5%) on an annualized basis’s estimate, Landlord may, by written notice to Tenant, reasonably revise its estimate for such calendar year (but not more than twice during any calendar year) and Tenant's ’s estimated payments hereunder for the balance of such calendar year shall thereupon be based on such revised estimate.

Appears in 1 contract

Samples: Deed of Lease (Appian Corp)

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