Estimates and Payments. Commencing on the first day of the month following the expiration of the Base Year and on the first day of each month thereafter during the term of this Lease, Tenant agrees to pay monthly, as Additional Rent, one-twelfth (1/12) of Landlord’s estimate of Tenant’s Share of the total dollar increase, if any, in Operating Expenses to be paid or incurred by Landlord during the current calendar year in excess of the Base Year Operating Expenses. At the beginning of each calendar year, Landlord shall give Tenant written notice of its estimate of amount payable under Section 3.03 for the ensuing calendar year. On or before the first day of each month during the year, Tenant shall pay to Landlord one-twelfth (1/12) of such estimated amount, provided that if such notice is delayed for any reason, Tenant shall continue to pay on the basis of the prior year's estimate until the month after such notice is given. If at any time or times it appears to Landlord that the amounts payable under Section 3.03 for the current calendar year will vary from its estimate by more than five percent (5%), Landlord may, by written notice to Tenant, revise its estimate for such year, and subsequent payments by Tenant for such year shall be based upon such revised estimate. Within ninety (90) days after the close of each calendar year, or as soon thereafter as practicable, Landlord shall deliver to Tenant a statement (“Operating Statement”) indicating the Operating Expenses for the Building paid or incurred by Landlord for the prior calendar year, Tenant’s Share thereof, and the amount that Tenant owes, or is to be credited, for the prior year. The Operating Statement shall be final and binding upon Landlord and Tenant. Within thirty (30) days after receipt of an Operating Statement, Tenant shall pay to Landlord as Additional Rent, any additional amounts owed to Landlord as shown on the Operating Statement. Any monies owed Tenant by Landlord shall be applied by Landlord against the next accruing monthly installment(s) of Operating Expenses due from Tenant, or if the Lease Term has expired, shall be paid to Tenant. Any payments due under this Article 3 shall be prorated for any partial calendar year occurring during the Lease Term. Tenant’s obligation to pay any amounts due under this Article 3 and Landlord’s obligation to refund any overpayments made by Tenant under this Article 3 for the final year of the Lease Term shall survive the Expiration Date or earlier termination of this Lease...
Estimates and Payments. Each calendar year, Landlord will reasonably estimate and advise Tenant in writing of Additional Rent that may be payable with respect to such calendar year. Tenant will pay the estimated Additional Rent in advance, in monthly installments, on the first day of each month, until the estimate is revised by Landlord. Landlord may reasonably revise its estimate during a calendar year and the monthly installments after the revision will be paid based on the revised estimate. The aggregate estimates of Additional Rent paid by Tenant in a calendar year is the “Estimated Additional Rent.” Without limiting Landlord’s other rights hereunder and at law, Additional Rent not paid when due shall be subject to the Late Charge set forth in §4.5 below.
Estimates and Payments. Commencing on January 1, 1998, Additional Rent to be paid during each calendar year during the Term shall be paid quarterly in arrears (in equal installments on the 20th day of April, July, October and January) based on the actual increase in Gross Revenues over the comparable fiscal quarter for the immediately preceding calendar year, to be adjusted at the end of each such year based on the actual Excess Gross Revenues calculated for that calendar year. Additional Rent due for any portion of any calendar year shall be prorated accordingly.
Estimates and Payments. 13.1 As the Services progresses but not more often than once a month and then on such days as the Town shall direct, the Contractor will submit a requisition in writing of the amount and value of the work performed and the materials and equipment provided to the date of the requisition, less any amount previously paid to the Contractor.
Estimates and Payments. Commencing on January 1, 1998, Additional Rent to be paid during each calendar year during the Term shall be estimated by Tenant at the beginning of each calendar year for which it is payable (and in no event shall such estimate be less than the Additional Rent payable for the prior calendar year), and shall be paid monthly in arrears based on such estimate, to be adjusted at the end of each such year based on the actual Excess Gross Revenues during that calendar year. In addition, on the Commencement Date, Tenant shall estimate the Additional Rent to be paid for the period from (and including) the Commencement Date through (and including) December 31, 1997. Additional Rent due for any portion of any calendar year shall be prorated accordingly. Notwithstanding the foregoing, on a monthly basis, with the prior consent of Landlord, Tenant may also adjust the monthly payments of Additional Rent to be made hereunder based upon a comparison of (a) the actual Gross Revenues generated by the Leased Property during the applicable month and (b) the original estimate of Additional Rent for the applicable calendar year prepared by Tenant and the amount of Additional Rent already paid by Tenant pertaining to the applicable calendar year.
Estimates and Payments. (A) For each Escalation Year commencing during the Term, Tenant shall pay ("Tenant's Operating Payment") to Landlord, as additional rent, a sum equal to Tenant's OE Proportionate Share of the amount by which Operating Expenses for such Escalation Year exceeds the Operating Expenses for the Base Year.
Estimates and Payments. Tenant agrees to pay monthly, as Additional Rent, one-twelfth (1/12) of Landlord's estimate of Tenant's Operating Payment for the then current calendar year. Landlord will give Tenant written notice from time to time of such estimated amounts, and Tenant shall pay such amounts monthly to Landlord in the same manner and at the same time as Base Rent. As soon as is reasonably practicable following the end of each calendar year, Landlord will submit to Tenant a statement showing in reasonable detail Operating Expenses on a per rentable square foot basis for the preceding calendar year along with a reconciliation of estimated payments made by Tenant as compared to Tenant's actual Operating Payment for such calendar year (each, an "Operating Statement"). Within thirty (30) days after receipt of an Operating Statement, Tenant shall pay to Landlord any additional amounts owed to Landlord as shown on the Operating Statement. Any payments due under this Article 3 shall be prorated for any partial calendar year occurring during the Term. Tenant's obligation to pay any amounts due under this Article 3 shall survive the Expiration Date or earlier termination of this Lease.
Estimates and Payments. Landlord will estimate the amount of Operating Expenses to be incurred for the ensuing calendar year and Tenant's pro rata share of same. Landlord will give Tenant notice of such estimated amounts and Tenant shall pay said amounts monthly to Landlord in the same manner as Minimum Rent. Within one hundred twenty (120) days after the end of each calendar year, Landlord will submit to Tenant a statement showing in reasonable detail the Operating Expenses for the preceding calendar year along with a reconciliation of estimated payments made by Tenant compared to Tenant's actual pro rata share. Failure by Landlord to provide to tenant such statement within said one hundred twenty (120) days shall not constitute a waiver by Landlord of its right to collect the amounts due to Landlord under this Section 3.04. Within thirty (30) days of receipt of such statement and reconciliation Tenant shall pay to Landlord any additional amounts owed to Landlord. Any monies owed Tenant by Landlord as a result of said reconciliation shall be applied by Landlord against the next accruing monthly installment(s) of Additional Rent due by Tenant under the terms of this Lease. Tenant or its representative shall have the right, at its expense during normal business hours and at the location of Landlord's books and records, to audit Landlord's books and records with respect to Operating Expenses at any time within fifteen (15) days following the delivery by Landlord to Tenant of the statement and reconciliation. Unless Tenant shall take written exception to any item contained therein within twenty (20) days after delivery of the statement and reconciliation, such shall be considered final and accepted by Tenant. If Tenant disputes such statement and reconciliation, Tenant shall pay the monies set forth thereon and any other monies owed by Tenant under this Lease as a condition precedent to contesting said obligation. Any payments due under this Article 3 shall be prorated for the final year of the Term on the per diem basis in such proportion as Tenant's tenancy of the Premises bears to 365 days. Tenant's obligation to pay any amounts due under this Article 3 and Landlord's obligation to refund any overpayments made by Tenant under this Article
Estimates and Payments. Commencing on the Additional Rent Commencement Date, Additional Rent to be paid during each fiscal year during the Term shall be estimated by the Lessee at the beginning of each fiscal year for which it is payable (and in no event shall such estimate be less than the Additional Rent payable for the prior fiscal year, except with respect to the estimate to be made on the Additional Rent Commencement Date), and shall be paid quarterly in arrears (in equal installments on the first day of July, October, January and April) based on such estimate, to be adjusted at the end of each such year based on the actual Excess Gross Revenues during that fiscal year. In addition, on the Additional Rent Commencement Date, the Lessee shall estimate the Additional Rent to be paid for the period from (and including) the Additional Rent Commencement Date through (and including) the end of the fiscal quarter during which the Additional Rent Commencement Date occurs. Notwithstanding the foregoing, on a quarterly basis, with the prior consent of the Lessor, the Lessee may also adjust the quarterly payments of Additional Rent to be made hereunder based upon a comparison of (a) the actual Gross Revenues generated by the Leased Property during the applicable fiscal quarter and (b) the original estimate of Additional Rent for the applicable fiscal year prepared by the Lessee and the amount of Additional Rent already paid by the Lessee pertaining to the applicable fiscal year.
Estimates and Payments. Each calendar year, Landlord will reasonably estimate and advise Tenant in writing of Additional Rent that may be payable with respect to such calendar year. Tenant will pay the estimated Additional Rent in advance, in monthly installments, on the first day of each month, until the estimate is revised by Landlord. Landlord may reasonably revise its estimate during a calendar year and the monthly installments after the revision will be paid based on the revised estimate. The aggregate estimates of Additional Rent paid by Tenant in a calendar year is the “Estimated Additional Rent.” The Estimated Additional Rent for the 2021 calendar year is $17.00 per RSF. Without limiting Landlord’s other rights hereunder and at law, Additional Rent not paid within ten (10) days of when due shall be subject to the Late Charge set forth in Section 4.5 below.
