Payment of Tenant's Share. Commencing with the Second Lease Year, as of the first day of the month in which each anniversary of the Lease Commencement Date occurs, Tenant shall pay to Landlord as additional rent (The "Additional Rent") on or before the first day of each calendar month, an amount which is the sum of the Tenant's Share of (i) any amount by which the total Real Estate Taxes as estimated by Landlord in its reasonable judgement, levied during such Adjustment Year, is expected to exceed the Real Estate Taxes Base Amount specified in Section 1.10, plus (ii) any amount by which the total Operating Expenses for the Adjustment Year as estimated by Landlord in its reasonable judgement, is expected to exceed the Operating Expenses Base Amount specified in Section 1.8 (as the same may be adjusted pursuant to Section 3.3 below). After the expiration of each calendar year commencing or ending during the Term, Landlord shall furnish Tenant with a statement (herein called Landlord's Expense Statement") setting forth in reasonable detail the Operating Expenses and Real Estate Taxes for such calendar year. If the actual Operating Expenses and Real Estate Taxes for such calendar year exceed the estimated Operating Expenses and Real Estate Taxes used by Landlord in determining the Additional Rent paid by Tenant for such calendar year, Tenant shall pay to Landlord the difference between the amount paid by Tenant and the actual Tenant's Share of the Operating Expenses and Real Estate Taxes within thirty (30) days after the receipt of Landlord's Expense Statement, and if the total amount of Additional Rent paid by Tenant for any such calendar year shall exceed the amount which would have been paid based on the actual Tenant's Share of the Operating Expenses and Real Estate Taxes for such calendar year, such excess shall be credited against any Basic Rent or Additional Rent due within thirty (30) days from Tenant to Landlord hereunder, if any, or shall be paid by Landlord to Tenant together with Landlord's Expense Statement. The obligations of Landlord and Tenant under this Section 3.2 shall survive any termination of this Lease. Landlord will provide Tenant with an annual statement of actual operating expenses as soon as it is available after the completion of the calendar year. Tenant has the right to inspect Landlord's records relating to the actual operating expenses in Landlord's offices by providing fifteen (15) days notice to Landlord of Tenant's desire to do so.
Payment of Tenant's Share. In addition to all other Rent set forth herein, for the year which includes the Lease Commencement Date, and for each calendar year thereafter during the Term, Tenant shall pay to Landlord as Additional Rent an amount equal to Tenant’s Share of Operating Expenses and an amount equal to Tenant’s Share of Real Estate Tax Expenses; provided, however, that (a) for the calendar year during which the Lease Commencement Date occurs, Tenant’s Share of Operating Expenses and Tenant’s Share of Real Estate Tax Expenses shall be prorated based upon the number of days in such calendar year following the Lease Commencement Date, and (b) for the calendar year during which the Term ends, Tenant’s Share of Operating Expenses and Tenant’s Share of Real Estate Tax Expenses shall be prorated based upon the greater of: (i) the number of days during such calendar year that this Lease is in effect, or (ii) the number of days that Tenant actually occupies the Premises or any portion thereof.
Payment of Tenant's Share. In addition to all other Rent set forth herein, for each calendar year during the Term commencing on the Rent Commencement Date, Tenant shall pay to Landlord as Additional Rent an amount equal to Tenant's Share of Operating Expenses and an amount equal to Tenant's Share of Real Estate Tax Expenses; provided, however, that for the calendar years during which the Term begins and ends, Tenant's Share of Operating Expenses and Tenant’s Share of Real Estate Tax Expenses shall be prorated based upon the greater of: (i) the number of days during such calendar year that this Lease is in effect, or (ii) the number of days that Tenant actually occupies the Premises or any portion thereof.
Payment of Tenant's Share. (a) Subject to the provisions of Articles V and VII hereof, the amounts payable by the Tenant pursuant to Articles V, VI and VII hereof may be estimated by the Landlord for such period as the Landlord determines from time to time, and the Tenant agrees to pay to the Landlord the Tenant's Proportionate Share, or other share thereof determined by the Landlord as provided for herein, as the case may be, as so estimated, of such amounts in monthly installments in advance during such period as Additional Rent. Notwithstanding the foregoing, as soon as bills for all or any portion of the said amounts so estimated are received, the Landlord may xxxx the Tenant for the Tenant's Proportionate Share thereof or other share thereof determined by the Landlord as provided for herein, as the case may be, and the Tenant shall pay the Landlord such amounts so billed (less all amounts previously paid by the Tenant on the basis of the Landlord's estimate as aforesaid) as Additional Rent on demand. Provided that in the event that the Landlord does not provide a new estimate, notwithstanding that the period for which such previous estimate has been given to the Tenant has expired, the Tenant shall continue to pay its Proportionate Share, or other share thereof determined by the Landlord as provided for herein, as the case may be, based on the most recent estimate provided by the Landlord, until such time as a new estimate is rendered by the Landlord therefor.
Payment of Tenant's Share. Commencing on the first anniversary date of the Lease Commencement Date, in addition to all other Rent set forth herein, for each Fiscal Year during the Term, Tenant shall pay to Landlord as Additional Rent an amount equal to the sum of Tenant’s Share of Increased Operating Expenses and Tenant’s Share of Increased Real Estate Tax Expenses; provided, however, that for the Fiscal Years during which the Term begins and ends, Tenant’s Share of the aforesaid sum shall be prorated based upon the greater of: (i) the number of days during such Fiscal Year that this Lease is in effect, or (ii) the number of days that Tenant actually occupies the Premises or any portion thereof.
Payment of Tenant's Share. Tenant shall pay to Landlord, Tenant's Share of Common Expenses. Tenant's Share of Common Expenses for any portion of a year at the beginning or end of the Term shall be prorated. Tenant's Share of Common Expenses shall be paid in estimated monthly installments on the first day of each month of the Lease Term in an amount specified by Landlord. Landlord may at any time revise the estimate by notice to Tenant and subsequent payments shall be based upon the new estimate. Within 90 days after the close of each year, or as soon thereafter as practicable, Landlord shall deliver to Tenant a statement with the total amount of Tenant's Share of Common Expenses for the prior year, and there shall be a final adjustment between Landlord and Tenant with Tenant paying Landlord any amount due Landlord and any amount due Tenant shall be credited to the next amounts due Landlord, or if the Lease has terminated or expired, such amount shall be credited against any amounts still due Landlord and the balance shall be refunded to Tenant.
Payment of Tenant's Share. In addition to all other Rent set forth herein, commencing on the Rent Commencement Date, and for each calendar year during the Term, Tenant shall pay to Landlord as Additional Rent an amount equal to Tenant's Share of Operating Expenses and an amount equal to Tenant's Share of Real Estate Tax Expenses.
Payment of Tenant's Share. Commencing on the first anniversary of the Lease Commencement Date, in addition to all other Rent set forth herein, for each Fiscal Year during the Term, Tenant shall pay to Landlord as Additional Rent an amount equal to the sum of Tenant’s Share of Increased Operating Expenses and Tenant’s Share of Increased Real Estate Tax Expenses; provided, however, that (a) for the Fiscal Years during which the Term begins and ends, Tenant’s Share of the aforesaid sum shall be prorated based upon the greater of: (i) the number of days during such Fiscal Year that this Lease is in effect, or (ii) the number of days that Tenant actually occupies the Premises or any portion thereof, and (b) for the Fiscal Year during which Tenant’s obligations to pay Tenant’s Share of the aforesaid sum commences, Tenant’s Share shall be prorated based upon the number of days in the period commencing on the date that Tenant’s Share to pay the aforesaid sum commenced and concluding on the last day of such Fiscal Year.
Payment of Tenant's Share. On or prior to the Rent Commencement ------------------------- Date, and thereafter within ninety (90) days after January 1 of each calendar year during the Term, Landlord shall notify Tenant of Tenant's Share of Operating Expenses reasonably estimated by Landlord for the following calendar year. Commencing on the Rent Commencement Date, and on the first day of every month thereafter, Tenant shall pay to Landlord, as Additional Rent, one-twelfth (1/12th) of such estimated Tenant's Share of Operating Expenses for the following calendar year. If at any time during any such period, Landlord concludes that Operating Expenses for such period will vary from Landlord's estimate, Landlord may, by written notice to Tenant, revise its estimate for such period and Operating Expense payments by Tenant for such period shall thereafter be based upon such revised estimate.
Payment of Tenant's Share. Landlord shall submit to Tenant a statement showing the amount of additional rent payable by Tenant hereunder and the calculation thereof, together with a tax xxxx or other evidence of the amount of Impositions on account of which such additional rent is payable, and Tenant shall pay such additional rent within ten (10) days after receipt of Landlord's statement. So long as Impositions are payable in installments under applicable law, Landlord shall submit its statements for additional rent payable hereunder at the times that such installments of Impositions are payable. The failure of Landlord to submit any statement of additional rent required hereunder shall not constitute a waiver of Landlord's right to receive such additional rent.
