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 ---- each fiscal year, generally after the beginning of the year. Landlord may revise these estimates whenever it obtains more accurate information, such as the final real estate tax assessment or 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- twelfth (1/12th) of Tenant's Proportionate Share of such estimated Excess Operating Costs for such fiscal year, 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. 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 Excess Taxes, 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. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Taxes is applicable, one-twelfth (l/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. Such estimates will generally (but need not) be issued after the beginning of a fiscal year and revised upon the year. Landlord may revise these estimates whenever it obtains more accurate information, such as 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 Costs, Expenses 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 Excess Operating Costs for such fiscal year, multiplied by the number of months that have elapsed in the applicable such fiscal year to the date of such payment including the current monthpayment, minus payments of estimated Operating Cost Share Rent previously made by Tenant paid for the months elapsedsaid 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, 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 Excess Taxes, multiplied by the number of months that have elapsed in the applicable such fiscal year to the date of such payment, including the current month, minus payments of estimated Tax Share Rent previously made by Tenant paid for the months elapsedsaid period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Taxes is applicable, one-twelfth (l/12th1/12th) 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. Such estimates will generally (but need not) be issued after the beginning of a fiscal year and revised upon the year. Landlord may revise these estimates whenever it obtains more accurate information, such as 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- twelfth (1/12th) of Tenant's Proportionate Share of such estimated Excess Operating Costs for such fiscal year, multiplied by the number of months that have elapsed in the applicable such fiscal year to the date of such payment including the current monthpayment, minus payments of estimated Operating Cost Share Rent previously made by Tenant paid for the months elapsedsaid 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 Excess Taxes, multiplied by the number of months that have elapsed in the applicable such fiscal year to the date of such payment, including the current month, minus payments of estimated Tax Share Rent previously made by Tenant paid for the months elapsedsaid period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Taxes is applicable, one-twelfth (l/12th1/12th) 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 year. Landlord may revise these estimates whenever it obtains more accurate information, such as 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 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 Excess Operating Costs for such fiscal year, costs multiplied by the number of months that have elapsed in the applicable such fiscal year to the date of such payment including the current monthpayment, minus payments of estimated Operating Cost Share Rent previously made by Tenant paid for the months elapsedsaid 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 Excess Taxes, costs multiplied by the number of months that have elapsed in the applicable such fiscal year to the date of such payment, including the current month, minus payments of estimated Tax Share Rent previously made by Tenant paid for the months elapsedsaid period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Taxes is applicable, one-twelfth (l/12th1/12th) 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 year. Landlord may revise these estimates whenever it obtains more accurate information, such as 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 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 Excess Operating Costs for such fiscal year, costs multiplied by the number of months that have elapsed in the applicable such fiscal year to the date of such payment including the current monthpayment, minus payments of estimated Operating Cost Share Rent previously made by Tenant paid for the months elapsedsaid 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 Excess Taxes, costs multiplied by the number of months that have elapsed in the applicable such fiscal year to the date of such payment, including the current month, minus payments of estimated Tax Share Rent previously made by Tenant paid for the months elapsedsaid period. Thereafter on the first day of each month, Tenant shall pay monthly until a new estimate of Taxes is applicable, one-one- twelfth (l/12th1/12th) of Tenant's Proportionate Share of the estimated Excess Taxes.