Common use of Periodic Payment Clause in Contracts

Periodic Payment. Commencing on the Term Commencement Date, Landlord will reasonably estimate the amount that will be due on account of Common Expenses and xxxx Tenant monthly for the estimated amount as provided below. Tenant shall, upon receipt of written notice from Landlord, prepay to Landlord monthly as Additional Rent, in the same manner as Basic Rent, one twelfth (1/12) of the total of all such amounts as Landlord may from time to time reasonably estimate will be payable annually by Tenant under this Paragraph 7, which prepayments shall be applied, without interest, to such amounts as actually become payable. Within one hundred twenty (120) days after the close of each Lease Year, Landlord shall deliver to Tenant a written statement of Tenant’s Share of the Common Expenses for such Lease Year prepared by Landlord from Landlord’s books and records, in reasonable detail, and computed in accordance with general accounting principles consistently applied. If on the basis of such statement Tenant owes an amount that is more or less than the estimated payments for such calendar year previously made by Tenant, Tenant or Landlord, as the case may be, shall pay the deficiency to the other party within thirty (30) days after delivery of the statement. Any such deficiency payable by Tenant shall be considered Additional Rent for purposes of this Lease. Landlord also shall provide a good faith estimate of Tenant’s Share of the Common Expenses for the upcoming Lease Year.

Periodic Payment. Commencing From time to time during the Term of this Lease, commencing on the Term Commencement Date, Landlord will may, at Landlord’s election, xxxx Tenant from time to time for Tenant’s Share of Common Expenses actually incurred by Landlord (i.e., not billing based on estimated costs). Tenant shall pay any such Common Expenses to Landlord as Additional Rent within thirty (30) days after receipt of any such invoice. Alternatively, Landlord may from time to time reasonably estimate the amount that will be due on account of Common Expenses and xxxx Tenant monthly for the estimated amount as provided below. If Landlord elects to xxxx Common Expenses based on estimates, then commencing on the Term Commencement Date, Tenant shall, upon receipt of written notice from Landlord, prepay to Landlord monthly as Additional Rent, in the same manner as Basic Rent, one twelfth (1/12) of the total of all such amounts as Landlord may from time to time reasonably estimate will be payable annually by Tenant under this Paragraph 7, which prepayments shall be applied, without interest, to such amounts as actually become payable. Within one hundred twenty ninety (12090) days after the close end of each the Lease Year, Landlord shall deliver to Tenant a written statement of Tenant’s Share of the Common Expenses for such Lease Year prepared by Landlord from Landlord’s books and records, in reasonable detail, and computed in accordance with general accounting principles consistently applied. If on the basis of such statement Tenant owes an amount that is more or less than the estimated payments for such calendar year previously made by Tenant, Tenant or Landlord, as the case may be, shall pay the deficiency to the other party within thirty (30) days after delivery of the statementstatement or resolution of any objection. Any such deficiency payable by Tenant shall be considered Additional Rent for purposes of this Lease. Landlord also shall provide a good faith estimate of Tenant’s Share of the Common Expenses for the upcoming Lease Year.

Periodic Payment. Commencing From time to time during the Term of this Lease, commencing on the Term Commencement Early Access Date, Landlord will may, at Landlord’s election, bxxx Tenant from time to time for Tenant’s Share of Common Expenses actually incurred by Landlord (i.e., not billing based on estimated costs). Tenant shall pay any such Common Expenses to Landlord as Additional Rent within thirty (30) days after receipt of any such invoice. Alternatively, Landlord may from time to time reasonably estimate the amount that will be due on account of Common Expenses and xxxx bxxx Tenant monthly for the estimated amount as provided below. If Landlord elects to bxxx Common Expenses based on estimates, then commencing on the Early Access Date, Tenant shall, upon receipt of written notice from Landlord, prepay to Landlord monthly as Additional Rent, in the same manner as Basic Rent, one twelfth (1/12) of the total of all such amounts as Landlord may from time to time reasonably estimate will be payable annually by Tenant under this Paragraph 7, which prepayments shall be applied, without interest, to such amounts as actually become payable. Within one hundred twenty ninety (12090) days after the close end of each the Lease Year, Landlord shall deliver to Tenant a written statement of Tenant’s Share of the Common Expenses for such Lease Year prepared by Landlord from Landlord’s books and records, in reasonable detail, and computed in accordance with general accounting principles consistently applied. If on the basis of such statement Tenant owes an amount that is more or less than the estimated payments for such calendar year previously made by Tenant, Tenant or Landlord, as the case may be, shall pay the deficiency to the other party within thirty (30) days after delivery of the statementstatement or resolution of any objection. Any such deficiency payable by Tenant shall be considered Additional Rent for purposes of this Lease. Landlord also shall provide a good faith estimate of Tenant’s Share of the Common Expenses for the upcoming Lease Year.