Common use of Prorata Share Clause in Contracts

Prorata Share. Owner shall notify Tenant from time to time of the amount which Owner estimates will be Tenant's monthly prorata share of the taxes as provided in 3.02.01 above, insurance as provided in 3.02.02 above, and repairs and maintenance as provided in 3.02.03(b) above for the calendar year or portion thereof and Tenant shall pay to Owner such amount monthly in advance on or before the first day of each month for the calendar year. Owner shall submit to Tenant annually a statement showing the taxes, insurance, repairs and maintenance to be paid by Tenant during the preceding calendar year, the amount thereof paid by Tenant during the preceding calendar year, and the amount of the resulting balance due thereon, or overpayment thereof, as the case may be. Any overpayment or underpayment shall be considered by the Owner in setting the estimate of the Tenant's prorata share of said costs for the succeeding calendar year.

Appears in 2 contracts

Samples: Lease Agreement (Nutraceutix Inc), Lease Agreement (Nutraceutix Inc)

AutoNDA by SimpleDocs

Prorata Share. Owner shall notify Tenant from time to time of the amount which Owner estimates will be Tenant's monthly prorata share of the taxes as provided in 3.02.01 above, insurance insurance, as provided in 3.02.02 above, and repairs and maintenance as provided in 3.02.03(b) above for the calendar year or portion thereof and Tenant shall pay to Owner such amount monthly in advance on or before the first day of each month for the calendar year. , Owner shall submit to Tenant annually a statement showing the taxes, insurance, repairs and maintenance to be paid by Tenant during the preceding calendar year, the amount thereof paid by Tenant during the preceding calendar year, and the amount of the resulting balance due thereon, or overpayment thereof, as the case may be. Any overpayment or underpayment shall be considered by the Owner in setting the estimate of the Tenant's Tenants prorata share of said costs for the succeeding calendar year.

Appears in 1 contract

Samples: Lease Agreement (Nutraceutix Inc)

AutoNDA by SimpleDocs

Prorata Share. Owner shall notify Tenant from time to time of the amount which Owner estimates will be Tenant's monthly prorata share of the taxes as provided in In 3.02.01 above, insurance as provided in 3.02.02 above, and repairs and maintenance as provided in 3.02.03(b) above for the calendar year or portion thereof and Tenant shall pay to Owner such amount monthly in advance on or before the first day of each month for the calendar year. Owner shall submit to Tenant annually a statement showing the taxes, insurance, repairs and maintenance to be paid by Tenant during the preceding calendar year, the amount thereof paid by Tenant during the preceding calendar year, and the amount of the resulting balance due thereon, or overpayment thereof, as the case may be. Any overpayment or underpayment shall be considered by the Owner in setting the estimate of the Tenant's prorata share of said costs for the succeeding calendar year.

Appears in 1 contract

Samples: Lease Agreement (Nutraceutix Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!