Payment of Estimated Annual Rental Adjustment. The Annual Rental Adjustment shall be estimated annually by Landlord, and written notice thereof shall be given to Tenant. Tenant shall pay to Landlord each month, at the same time the Base Rent is due, an amount equal to one-twelfth (1/12) of the estimated Annual Rental Adjustment.
Appears in 2 contracts
Samples: Lease Agreement (Celldex Therapeutics, Inc.), Lease Agreement (Ikaria, Inc.)
Payment of Estimated Annual Rental Adjustment. The Annual Rental Adjustment shall be estimated annually by Landlord, and written notice thereof shall be given to TenantTenant at least thirty (30) days prior to the beginning of each calendar year. In the event the Lease Term shall commence in a calendar year, Tenant shall be furnished with said notice on the Commencement Date. Tenant shall pay to Landlord each month, at the same time the Base Rent Monthly Rental installment is due, an amount equal to one-twelfth (1/12) of the estimated Annual Rental Adjustment.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Universal Electronics Inc)
Payment of Estimated Annual Rental Adjustment. The Annual Rental Adjustment shall be estimated annually by Landlord, and written notice thereof shall be given to Tenant. In the case of the calendar year in which the Lease Term commences, written notice of the estimated Operating Expenses shall be given to Tenant prior to the Commencement Date. Tenant shall pay to Landlord each month, at the same time the Base Rent Monthly Rental Installment is due, an amount equal to one-twelfth (1/12) of the estimated Annual Rental Adjustment.
Appears in 1 contract
Payment of Estimated Annual Rental Adjustment. The Annual Rental Adjustment shall be estimated annually by Landlord, and written notice thereof shall be given to TenantTenant at least thirty (30) days prior to the beginning of each calendar year. Tenant shall pay to Landlord each month, at the same time the Base Rent is due, an amount equal to one-twelfth (1/12) of the estimated Annual Rental Adjustment.
Appears in 1 contract
Samples: Lease Agreement (First Indiana Corp)