Common use of Monthly Expense Payment Clause in Contracts

Monthly Expense Payment. Commencing on the first Basic Rent Payment Date following the submission of Landlord’s Expense Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s Expense Statement, Tenant shall pay to Landlord on account of its obligation under Section 5.1, a sum (the “Monthly Expense Payment”) equal to one-twelfth (1/12) of Tenant’s Proportionate Share of Landlord’s Estimated Operating Expenses for such Lease Year. Tenant’s first Monthly Expense Payment after receipt of Landlord’s Expense Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Expense Payment, times the Monthly Expense Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 5.1 for such Lease Year. From time to time during any Lease Year, Landlord may revise the Landlord’s Expense Statement and adjust Tenant’s Monthly Expense Payment to reflect Landlord’s revised estimate, in which event Tenant shall pay, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s Monthly Expense Payments theretofore made on account of its obligation under Section 5.1 for such Lease Year, and the amount which would have been payable by Tenant during such Lease Year had Landlord billed Tenant for the revised Monthly Expense Payment for such prior elapsed months during such Lease Year. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 5.3.

Monthly Expense Payment. Commencing From and after the Commencement Date, commencing on the first Basic Rent Payment Date following the submission of Landlord’s Expense Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s Expense Statement, Tenant shall pay to Landlord on account of its obligation under Section 5.1, a sum (the “Monthly Expense Payment”) equal to one-twelfth (1/12) of Tenant’s Proportionate Share of Landlord’s Estimated Operating Expenses for such Lease YearYear (the “Monthly Expense Payment”). Tenant’s first Monthly Expense Payment after receipt of Landlord’s Expense Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Expense Payment, times the Monthly Expense Payment; , minus any Additional Rent already paid by Tenant on account of its obligation under Section 5.1 for such Lease Year. From time to time No more than twice during any Lease Year, Landlord may revise the Landlord’s Expense Statement and adjust Tenant’s Monthly Expense Payment to reflect Landlord’s revised estimate, in which event Tenant shall pay, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s Monthly Expense Payments theretofore made on account of its obligation under Section 5.1 for such Lease Year, and the amount which would have been payable by Tenant during such Lease Year had Landlord billed Tenant for the revised Monthly Expense Payment for such prior elapsed months during such Lease Year. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 5.3.

Monthly Expense Payment. Commencing From and after the Commencement Date, commencing on the first Basic First Rent Payment Date following the submission of Landlord’s Expense Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s Expense Statement, Tenant shall pay to Landlord on account of its obligation under Section 5.1, a sum (the “Monthly Expense Payment”) equal to one-twelfth (1/12) of Tenant’s Proportionate Share of Landlord’s Estimated Operating Expenses for such Lease Year. Tenant’s first Monthly Expense Payment after receipt of Landlord’s Expense Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Expense Payment, times the Monthly Expense Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 5.1 for such Lease Year. From time to time during any Lease Year, but no more than twice per Lease Year, Landlord may revise the Landlord’s Expense Statement and adjust Tenant’s Monthly Expense Payment to reflect Landlord’s revised estimate, in which event Tenant shall pay, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s Monthly Expense Payments theretofore made on account of its obligation under Section 5.1 for such Lease Year, and the amount which would have been payable by Tenant during such Lease Year had Landlord billed Tenant for the revised Monthly Expense Payment for such prior elapsed months during such Lease Year. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 5.3.

Monthly Expense Payment. Commencing on the first Basic Rent Payment Date following the submission of Landlord’s Expense Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s Expense Statement, Tenant shall pay to Landlord on account of its obligation under Section 5.1, a sum (the “Monthly Expense Payment”) equal to one-twelfth (1/12) of Tenant’s Proportionate Share of Landlord’s Estimated Operating Expenses for such Lease Yearcalendar year. Tenant’s first Monthly Expense Payment after receipt of Landlord’s Expense Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year calendar year which have elapsed prior to such first Monthly Expense Payment, times the Monthly Expense Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 5.1 for such Lease Yearcalendar year. From time to time during any Lease Yearcalendar year, Landlord may revise the Landlord’s Expense Statement and adjust Tenant’s Monthly Expense Payment to reflect Landlord’s revised estimate, in which event Tenant shall pay, on the next Rent Payment Date occurring at least thirty (30) days after Tenant’s receipt of the revised Landlord’s Expense Statement, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s Monthly Expense Payments theretofore made on account of its obligation under Section 5.1 for such Lease Yearcalendar year, and the amount which would have been payable by Tenant during such Lease Year calendar year had Landlord billed Tenant for the revised Monthly Expense Payment for such prior elapsed months during such Lease Yearcalendar year. Thereafter, upon written notice of such revision to Tenant, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 5.3. Any notice to Tenant of a revised monthly estimate shall include reasonable evidence of the basis for the revised EXHIBIT 10.57 estimate.

Monthly Expense Payment. Commencing on the first Basic Rent Payment Date following the submission of Landlord’s 's Expense Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s 's Expense Statement, Tenant shall pay to Landlord on account of its obligation under Section 5.1, a sum (the “"Monthly Expense Payment”") equal to one-twelfth (1/12) of Tenant’s Proportionate Share of Landlord’s 's Estimated Operating Expenses for such Lease Year. Tenant’s 's first Monthly Expense Payment after receipt of Landlord’s 's Expense Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Expense Payment, times the Monthly Expense Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 5.1 for such Lease Year. From time to time during any Lease Year, Landlord may reasonably revise the Landlord’s 's Expense Statement (based on Landlord's actual knowledge of an increase in expenses) and adjust Tenant’s 's Monthly Expense Payment to reflect Landlord’s 's revised estimate, in which event Tenant shall pay, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s 's Monthly Expense Payments theretofore made on account of its obligation under Section 5.1 for such Lease Year, and the amount which would have been payable by Tenant during such Lease Year had Landlord billed Tenant for the revised Monthly Expense Payment for such prior elapsed months during such Lease Year. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 5.3.

Monthly Expense Payment. Commencing on the first Basic Rent Payment Date following the submission of Landlord’s 's Expense Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s 's Expense Statement, Tenant shall pay to Landlord on account of its obligation under Section 5.1this Article 7, a sum (the “"Monthly Expense Payment”") equal to one-twelfth (1/12) of Tenant’s 's Proportionate Share of Landlord’s 's Estimated Operating Expenses for such Lease Operating Year. Tenant’s 's first Monthly Expense Payment after receipt of Landlord’s 's Expense Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Operating Year which have elapsed prior to such first Monthly Expense Payment, times the Monthly Expense Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 5.1 this Article 7 for such Lease Operating Year. From time to time during any Lease Operating Year, Landlord may revise the Landlord’s 's Expense Statement and adjust Tenant’s 's Monthly Expense Payment to reflect Landlord’s 's revised estimate, in which event Tenant shall pay, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s 's Monthly Expense Payments theretofore made on account of its obligation under Section 5.1 this Article 7 for such Lease Operating Year, and the amount which would have been payable by Tenant during such Lease Operating Year had Landlord billed Tenant for the revised Monthly Expense Payment for such prior elapsed months during such Lease Operating Year. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 5.37.3.