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

Payment of Estimated Operating Cost Share Rent. Landlord shall estimate the Fiscal Year Operating Costs by April 1st of each Fiscal Year, or as soon as reasonably possible thereafter. Landlord may reasonably revise these estimates whenever it obtains more accurate information, such as upon its receipt of the actual real estate tax assessment or tax rate for the Project (but not more than once per Fiscal Year). Within thirty (30) days after receiving the original or revised estimate from Landlord of Fiscal Year Operating Costs for a particular Fiscal Year, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Operating Cost Share Rent, 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 (l/12th) of Tenant's Proportionate Share of this estimate, until a new estimate becomes applicable.

Payment of Estimated Operating Cost Share Rent. Landlord shall estimate the Fiscal Year Operating Costs by April 1st of each Fiscal Year, or as soon as reasonably possible thereafter. Landlord may reasonably revise these estimates whenever it obtains more accurate information, such as upon its receipt of the actual real estate tax assessment or tax rate for the Project (but not more than once per Fiscal Year)Project. Within thirty ten (3010) days after receiving the original or revised estimate from Landlord of Fiscal Year Operating Costs for a particular Fiscal Year, together with the Fiscal Year Operating Costs for the Base Year, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant's ’s Proportionate Share of the estimated Operating Cost Share Rent, 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 (l/12th) of Tenant's ’s Proportionate Share of this estimate, until a new estimate becomes applicable.

Payment of Estimated Operating Cost Share Rent. Landlord shall estimate the Fiscal Year Operating Costs of the Project by April 1st 1 of each Fiscal Year, or as soon as reasonably possible thereafter. Landlord may reasonably revise these estimates whenever it obtains more accurate information, such as upon its receipt of the actual final real estate tax assessment or tax rate for the Project (Project, but Landlord shall not revise the Operating Cost estimate more than once per during each Fiscal Year)Year and shall provide Tenant with all calculations and documents supporting the appropriateness of such revisions. Within thirty ten (3010) days after receiving the original or revised estimate from Landlord of Fiscal Year Operating Costs for a particular Fiscal YearLandlord, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Operating Cost Share Rentthis estimate, multiplied by the number of months that have elapsed in the applicable Fiscal Year 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 (l/12th1/12th) of Tenant's Proportionate Share of this estimate, until a new estimate becomes applicable.

Payment of Estimated Operating Cost Share Rent. Landlord shall estimate the Fiscal Year Operating Costs by April 1st of each Fiscal Year, or as soon as reasonably possible thereafter. Landlord may reasonably revise these estimates whenever it obtains more accurate information, such as upon its receipt of the actual real estate tax assessment or tax rate for the Project (but not more than once per Fiscal Year)Project. Within thirty ten (3010) days after receiving the original or revised estimate from Landlord of Fiscal Year Operating Costs for a particular Fiscal Year, together with the Expense Stop, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Operating Cost Share Rent, 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 (l/12th1/12th) of Tenant's Proportionate Share of this estimate, until a new estimate becomes applicable.