Common use of Payment of Estimated Operating 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 ---- from time to time each year. Such estimates may be revised by Landlord whenever it obtains information relevant to making such estimates more accurate but not more often than annually. Such estimates will generally (but need not) be issued after the beginning of a fiscal year and revised upon the determination of the final real estate tax assessment or final real estate tax rate for the Project. Within ten (10) days after notice from Landlord setting forth an estimate of Operating Costs for a particular fiscal year, Tenant shall pay Landlord an amount equal to one-twelfth (1/12th) of Tenant's Proportionate Share of such estimated costs multiplied by the number of months that have elapsed in such fiscal year to the date of such payment, minus payments of estimated Operating Cost Share Rent previously paid for said period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Operating Costs is applicable, one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Operating Costs. Within ten (10) days after notice from Landlord setting forth an estimate of Taxes for a particular fiscal year, Tenant shall pay Landlord an amount equal to one-twelfth (1/12th) of Tenant's Proportionate Share of such estimated costs multiplied by the number of months that have elapsed in such fiscal year to the date of such payment, minus payments of estimated Tax Share Rent previously paid for said period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Taxes is applicable, one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Taxes.

Payment of Estimated Operating. Cost Share Rent and Tax Share ------------------------------------------------------------ Rent. Landlord shall estimate the Operating Costs and Taxes of the Project ---- from time to time each year. Such estimates may be revised by Landlord whenever it obtains information relevant to making such estimates more accurate but not more often than annuallyaccurate. Such estimates will generally (but need not) be issued after the beginning of a fiscal year and revised upon the determination of the final real estate tax assessment or final real estate tax rate for the Project. Within ten (10) days after notice from Landlord setting forth (a) an estimate of Operating operating Costs for a particular fiscal year, (b) the Base Operating Costs, and (c) the resulting estimate of Excess Operating Costs for such fiscal year, Tenant shall pay Landlord an amount equal to one-one- twelfth (1/12th) of Tenant's Proportionate Share of such estimated costs Excess Operating Costs for such fiscal year, multiplied by the number of months that have elapsed in such fiscal year to the date of such payment, minus payments of estimated Operating Cost Share Rent previously paid for said period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Operating Costs is applicable, one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Excess Operating Costs. Within ten (10) days after notice from Landlord setting forth (a) an estimate of Taxes for a particular fiscal year, (b) the Base Taxes, and (c) the resulting estimate of Excess Taxes, Tenant shall pay Landlord an amount equal to one-twelfth (1/12th) of Tenant's Proportionate Share of such estimated costs Excess Taxes, multiplied by the number of months that have elapsed in such fiscal year to the date of such payment, minus payments of estimated Tax Share Rent previously paid for said period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Taxes is applicable, one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Excess Taxes.

Payment of Estimated Operating. Cost Share Rent and Tax Share ------------------------------------------------------------ Rent. Landlord shall estimate the Operating Costs and Taxes of the ---- Project ---- from time to time each year. Such estimates may be revised by Landlord whenever it obtains information relevant to making such estimates more accurate but not more often than annually. Such estimates will generally (but need not) be issued after the beginning of a fiscal year and revised upon the determination of the final real estate tax assessment or final real estate tax rate for the Project. Within ten (10) days after notice from Landlord setting forth an estimate of Operating Costs for a particular fiscal year, Tenant shall pay Landlord an amount equal to one-twelfth (1/12th) of Tenant's Proportionate Share of such estimated costs multiplied by the number of months that have elapsed in such fiscal year to the date of such payment, minus payments of estimated Operating Cost Share Rent previously paid for said period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Operating Costs is applicable, one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Operating Costs. Within ten (10) days after notice from Landlord setting forth an estimate of Taxes for a particular fiscal year, Tenant shall pay Landlord an amount equal to one-twelfth (1/12th) of Tenant's Proportionate Share of such estimated costs multiplied by the number of months that have elapsed in such fiscal year to the date of such payment, minus payments of estimated Tax Share Rent previously paid for said period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Taxes is applicable, one-one- twelfth (1/12th) of Tenant's Proportionate Share of the estimated Taxes.

Payment of Estimated Operating. Cost Share Rent and Tax ------------------------------------------------------- Share ------------------------------------------------------------ Rent. Landlord shall estimate the Operating Costs and Taxes ---------- of the Project ---- from time to time each year. Such estimates may be revised by Landlord whenever it obtains information relevant to making such estimates more accurate but not more often than annuallyaccurate. Such estimates will generally (but need not) be issued after the beginning of a fiscal year and revised upon the determination of the final real estate tax assessment or final real estate tax rate for the Project. Within ten thirty (1030) days after notice from Landlord setting forth (a) an estimate of Operating Costs for a particular fiscal year, (b) the Base Operating Expenses and (c) the resulting estimate of Excess Operating Costs for such fiscal year, Tenant shall pay Landlord an amount equal to one-twelfth (1/12th) of Tenant's Proportionate Share of such estimated costs Excess Operating Costs for such fiscal year, multiplied by the number of months that have elapsed in such fiscal year to the date of such payment, minus payments of estimated Operating Cost Share Rent previously paid for said period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Operating Costs is applicable, one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Excess Operating Costs. Within ten (10) days after notice from Landlord setting forth (a) an estimate of Taxes for a particular fiscal year, (b) the Base Taxes and (c) the resulting estimate of Excess Taxes, Tenant shall pay Landlord an amount equal to one-twelfth (1/12th) of Tenant's Proportionate Share of such estimated costs Excess Taxes, multiplied by the number of months that have elapsed in such fiscal year to the date of such payment, minus payments of estimated Tax Share Rent previously paid for said period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Taxes is applicable, one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Excess Taxes.

Payment of Estimated Operating. Cost Share Rent and Tax Share ------------------------------------------------------------ Rent. Landlord shall estimate the Operating Costs and Taxes of the Project ---- from time to time each fiscal year. Such estimates may be revised by Landlord whenever it obtains information relevant to making such estimates more accurate but not more often than annually. Such estimates will , generally (but need not) be issued after the beginning of a fiscal year and revised upon the determination of year. Landlord may revise these estimates whenever it obtains more accurate information, such as the final real estate tax assessment or final real estate tax rate for the Project. Within ten (10) days after notice from Landlord setting forth (a) an estimate of Operating Costs for a particular fiscal year, (b) the Base Operating Costs, and (c) the resulting estimate of Excess Operating Costs for such fiscal year, Tenant shall pay Landlord an amount equal to one-one- twelfth (1/12th) of Tenant's Proportionate Share of such estimated costs Excess Operating Costs for such fiscal year, multiplied by the number of months that have elapsed in such the applicable fiscal year to the date of such paymentpayment including the current month, minus payments of estimated Operating Cost Share Rent previously paid made by Tenant for said periodthe months elapsed. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Operating Costs is applicable, one-twelfth (1/12th) of Tenant's Proportionate Share of the estimated Excess Operating Costs. Within ten (10) days after notice from Landlord setting forth (a) an estimate of Taxes for a particular fiscal year, (b) the Base Taxes, and (c) the resulting estimate of Excess Taxes, Tenant shall pay Landlord an amount equal to one-twelfth (1/12th) of Tenant's Proportionate Share of such estimated costs Excess Taxes, multiplied by the number of months that have elapsed in such the applicable fiscal year to the date of such payment, including the current month, minus payments of estimated Tax Share Rent previously paid made by Tenant for said periodthe months elapsed. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Taxes is applicable, one-twelfth (1/12thl/12th) of Tenant's Proportionate Share of the estimated Excess Taxes.