Common use of Increases in Estimated Annual Rental Adjustment Clause in Contracts

Increases in Estimated Annual Rental Adjustment. If Landlord’s estimate of Operating Expenses increases during a calendar year, Landlord may increase the estimated Annual Rental Adjustment during such year by giving Tenant written notice to that effect, and thereafter Tenant shall pay to Landlord, in each of the remaining months of such year, an amount equal to the amount of such increase in the estimated Annual Rental Adjustment divided by the number of months remaining in such year.

Appears in 2 contracts

Samples: Lease Agreement (Ikaria, Inc.), Lease Agreement (First Indiana Corp)

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Increases in Estimated Annual Rental Adjustment. If Landlord’s estimate real estate taxes or the cost of Operating Expenses increases utility or janitorial services increase during a calendar year, Landlord may increase the estimated Annual Rental Adjustment during such year by giving Tenant written notice to that effect, and thereafter Tenant shall pay to Landlord, in each of the remaining months of such year, an amount equal to the amount of such increase in the estimated Annual Rental Adjustment divided by the number of months remaining in such year.

Appears in 2 contracts

Samples: Office Lease (Twin Cities Power Holdings, LLC), Office Lease (Twin Cities Power Holdings, LLC)

Increases in Estimated Annual Rental Adjustment. If Landlord’s estimate real estate taxes, the cost of utility or janitorial services or any other Operating Expenses increases increase during a calendar year, Landlord may increase the estimated Annual Rental Adjustment during such year by giving Tenant written notice to that effect, and thereafter Tenant shall pay to Landlord, in each of the remaining months of such year, an amount equal to the amount of such increase in the estimated Annual Rental Adjustment divided by the number of months remaining in such year.

Appears in 2 contracts

Samples: Lease Agreement (NHP Inc), Lease Agreement (Ipayment Inc)

Increases in Estimated Annual Rental Adjustment. If Landlord’s estimate of Operating Expenses increases during a calendar year, Landlord may increase the estimated Annual Rental Adjustment during such year year, by giving Tenant written notice to that effect, but only one time per calendar year, and thereafter Tenant shall pay to Landlord, in each of the remaining months of such year, an amount equal to the amount of such increase in the estimated Annual Rental Adjustment divided by the number of months remaining in such year.

Appears in 1 contract

Samples: Lease Agreement (Celldex Therapeutics, Inc.)

Increases in Estimated Annual Rental Adjustment. If Landlord’s estimate Real Estate Taxes or the cost of Operating Expenses increases utility or janitorial services increase during a calendar year, Landlord may increase the estimated Annual Rental Adjustment during such year by giving Tenant written notice to that effect, and thereafter Tenant shall pay to Landlord, in each of the remaining months of such year, an amount equal to the amount of such increase in the estimated Annual Rental Adjustment divided by the number of months remaining in such year.

Appears in 1 contract

Samples: Lease Agreement (Software Artistry Inc)

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Increases in Estimated Annual Rental Adjustment. If Landlord’s estimate of Operating Expenses increases any expenses comprising the Annual Rental Adjustment increase during a calendar year, Landlord may increase the estimated Annual Rental Adjustment during such year by giving Tenant written notice to that effect, and thereafter Tenant shall pay to Landlord, in each of the remaining months of such year, an amount equal to the amount of such increase in the estimated Annual Rental Adjustment divided by the number of months remaining in such year.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Universal Electronics Inc)

Increases in Estimated Annual Rental Adjustment. If Landlord’s estimate of Operating Expenses increases real estate taxes, utility charges, or janitorial costs increase during a calendar year, Landlord may may, only once per year, increase the estimated Annual Rental Adjustment during such year by giving Tenant written notice to that effect, and thereafter Tenant shall pay to Landlord, in each of the remaining months of such year, an amount equal to the amount of such increase in the estimated Annual Rental Adjustment divided by the number of months remaining in such year.

Appears in 1 contract

Samples: Office Lease (Unified Financial Services Inc)

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