Common use of Landlord’s Estimate Clause in Contracts

Landlord’s Estimate. The Landlord: (a) must notify the Tenant of the Landlord’s reasonable preliminary estimate of the Tenant’s Outgoings Contribution for that Outgoings Year; and (b) may from time to time during that Outgoings Year by notice to the Tenant adjust the reasonable estimate of the Tenant’s Outgoings Contribution as may be appropriate to take account of changes in any of the Outgoings.

Appears in 3 contracts

Samples: Lease Agreement (Fleetmatics Group PLC), Agreement for Lease (Barbeques Galore LTD), Put and Call Option to Lease (Pharmaxis Ltd.)

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Landlord’s Estimate. The Landlord:Landlord may:- (a) must as soon as reasonably practicable before each Outgoings Year, notify the Tenant of the Landlord’s reasonable preliminary estimate of the Tenant’s Outgoings Contribution for that the Outgoings Year; and (b) may from time to time during that the Outgoings Year Year, by written notice to the Tenant Tenant, adjust the reasonable estimate of the Tenant’s Outgoings Contribution as may be appropriate to take account of changes in any of the Outgoings.

Appears in 1 contract

Samples: Sale and Purchase Agreement (General Geophysics Co)

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