Common use of Payment of Estimated Operating Cost Share Rent and Tax Share Rent Clause in Contracts

Payment of Estimated Operating Cost Share Rent and Tax Share Rent. Landlord shall estimate the Operating Costs and Taxes of the Project by April 1 of each Fiscal Year, or as soon as reasonably possible thereafter. Landlord may revise these estimates whenever it obtains more accurate information (but no more often than quarterly), such as the final real estate tax assessment or tax rate for the Project. Within ten (10) days after receiving the original or revised estimate from Landlord, Tenant shall pay Landlord (or, if the resulting difference is negative and exceeds Tenant's obligation for its Proportionate Share applicable to the following sixty days, Landlord shall reimburse the same to Tenant) one-twelfth (1/12th) of Tenant's Proportionate Share of this estimate, multiplied by the number of months that have elapsed in the applicable fiscal year to the date of such payment including the current month, minus payments previously made by Tenant for the months elapsed. On the first day of each month thereafter, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant's Proportionate Share of this estimate, until a new estimate becomes applicable.

Payment of Estimated Operating Cost Share Rent and Tax Share Rent. Landlord shall estimate the Operating Costs and Taxes of the Project Building by April 1 of each Fiscal Yearfiscal year, or as soon as reasonably possible thereafter. Landlord may revise these estimates whenever it obtains more accurate information (but no more often than quarterly)information, such as the final real estate tax assessment an increase in utility or tax rate maintenance costs for the ProjectBuilding. Within ten (10) days after receiving the original or revised estimate from Landlord, Tenant shall pay Landlord (or, if the resulting difference is negative and exceeds Tenant's obligation for its Proportionate Share applicable to the following sixty days, Landlord shall reimburse the same to Tenant) one-twelfth (1/12th) of Tenant's Proportionate Share of this estimatethe estimate of Operating Costs of the Building, and one-twelfth (1/12th) of Tenant's Proportionate Share of the estimate of Taxes for the Building, multiplied by the number of months (if any) that have elapsed in the applicable fiscal year to the date of such payment including the current month, minus payments previously made by Tenant for the months elapsed. On the first day of each month thereafter, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant's Proportionate Share of this the Operating Costs estimate and of Tenant's Proportionate Share of the Taxes estimate, until a new estimate becomes applicable.

Payment of Estimated Operating Cost Share Rent and Tax Share Rent. Landlord shall estimate the Operating Costs and Taxes of the Project by April 1 of each Fiscal Yearfiscal year, or as soon as reasonably possible thereafter. Landlord may revise these estimates whenever it obtains more accurate information (but no more often than quarterly)information, such as the final real estate tax assessment or tax rate for the Project, and shall use reasonable efforts to do so when and if it becomes apparent to Landlord that Operating Costs and Taxes of the Project shall substantially vary from Landlord's previous estimate. Within ten thirty (1030) days after receiving the original or revised estimate from Landlord, Tenant shall pay Landlord (or, if the resulting difference is negative and exceeds Tenant's obligation for its Proportionate Share applicable to the following sixty days, Landlord shall reimburse the same to Tenant) one-twelfth (1/12th) of Tenant's Proportionate Share of this estimate, multiplied by the number of months that have elapsed in the applicable fiscal year to the date of such payment including the current month, minus payments previously made by Tenant for the months elapsed. On the first day of each month thereafter, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant's Proportionate Share of this estimate, until a new estimate becomes applicable. Commencing on the Commencement Date, and until a new estimate becomes applicable, Tenant shall pay Landlord Tenant's Proportionate Share of estimated Operating Costs and Taxes for the Project.

Payment of Estimated Operating Cost Share Rent and Tax Share Rent. Landlord shall estimate the Operating Costs and Taxes of the Project Property by April 1 of each Fiscal Yearfiscal year, or as soon as reasonably possible thereafter. Landlord may revise these estimates whenever it obtains more accurate information (but no more often than quarterly)information, such as the final real estate tax assessment or tax rate for the ProjectProperty. Within ten (10) days after receiving the original or revised estimate from Landlord, Tenant shall pay Landlord (or, if the resulting difference is negative and exceeds Tenant's obligation for its Proportionate Share applicable to the following sixty days, Landlord shall reimburse the same to Tenant) one-twelfth (1/12th) of Tenant's ’s Proportionate Share of this estimateestimate (excluding Tenant’s Proportionate Share of the Taxes which shall be paid pursuant to Section 2B3 below), multiplied by the number of months that have elapsed in the applicable fiscal year to the date of such payment including the current month, minus payments previously made by Tenant for the months elapsed. On the first day of each month thereafter, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant's ’s Proportionate Share of this estimateestimate (excluding Tenant’s Proportionate Share of the Taxes which shall be paid pursuant to Section 2B3 below), until a new estimate becomes applicable.