Common use of RENT ADJUSTMENT DEPOSIT Clause in Contracts

RENT ADJUSTMENT DEPOSIT. An amount equal to Xxxxxxxx’s estimate of the Rent Adjustment attributable to each month of the applicable calendar year (or partial calendar year) during the Term. On or before the Commencement Date and with each Landlord’s Statement (defined in Article 4), Landlord may estimate and notify Tenant in writing of its estimate of the Operating Expenses and of Taxes for such calendar year (or partial calendar year). Prior to the first determination by Landlord of the amount of Operating Expenses and of Taxes for the first calendar year (or partial calendar year), Landlord may estimate such amounts in the foregoing calculation. Landlord shall have the right from time to time during any calendar year to provide a new or revised estimate of Operating Expenses and/or Taxes and to notify Tenant in writing thereof, of corresponding adjustments in Tenant’s Rent Adjustment Deposit payable over the remainder of such year, and of the amount or revised amount due allocable to months preceding such change. The last estimate by Landlord shall remain in effect as the applicable Rent Adjustment Deposit unless and until Landlord notifies Tenant in writing of a change, which notice may be given by Landlord from time to time during each year throughout the Term.

RENT ADJUSTMENT DEPOSIT. An amount equal to XxxxxxxxLandlord’s estimate of the Rent Adjustment attributable to each month of the applicable calendar year (or partial calendar year) during the Term. On or before the Commencement Date and with each Landlord’s Statement (defined in Article 4), Landlord may estimate and notify Tenant in writing of its estimate of Tenant’s Share of the Operating Expenses and of Taxes for such calendar year (or partial calendar year). Prior to the first determination by Landlord of the amount of Operating Expenses and of Taxes for the first calendar year (or partial calendar year), Landlord may estimate such amounts in the foregoing calculation. Landlord shall have the right from time to time during any calendar year to provide a new or revised estimate of Operating Expenses and/or Taxes and to notify Tenant in writing thereof, of corresponding adjustments in Tenant’s Rent Adjustment Deposit payable over the remainder of such year, and of the amount or revised amount due allocable to months preceding such change. The last estimate by Landlord shall remain in effect as the applicable Rent Adjustment Deposit unless and until Landlord notifies Tenant in writing of a change, which notice may be given by Landlord from time to time during each year throughout the Term.

RENT ADJUSTMENT DEPOSIT. An amount equal to XxxxxxxxLandlord’s estimate of the Rent Adjustment attributable to each month of the applicable calendar year (or partial calendar year) during the TermAdjustment Year. On or before the Commencement Date and the beginning of each subsequent Adjustment Year or with each Landlord’s Statement (defined in Article 4Four), Landlord may estimate and notify Tenant in writing of its estimate of the Operating Expenses, including Project Operating Expenses, Building Operating Expenses and Phase Operating Expenses, and Tenant’s Share of Taxes each, for such the applicable Adjustment Year. The Rent Adjustment Deposit applicable for the calendar year (or partial calendar yearin which the Commencement Date occurs shall be the amount, if any, specified in Section 1.01(9). Prior Nothing contained herein shall be construed to the first determination by Landlord of the amount of Operating Expenses and of Taxes for the first calendar year (or partial calendar year), Landlord may estimate such amounts in the foregoing calculation. Landlord shall have limit the right of Landlord from time to time during any calendar year to provide a new or revised estimate revise its estimates of Operating Expenses and/or Taxes and to notify Tenant in writing thereof, thereof and of corresponding revision by prospective adjustments in Tenant’s Rent Adjustment Deposit payable over the remainder of such year, and of the amount or revised amount due allocable to months preceding such change. The last estimate by Landlord shall remain in effect as the applicable Rent Adjustment Deposit unless and until Landlord notifies Tenant in writing of a change, which notice may be given by Landlord from time to time during each year throughout the Term.. RENTABLE AREA OF THE BUILDING: The amount of square footage set forth in Section 1.01(11)

RENT ADJUSTMENT DEPOSIT. An amount equal to Xxxxxxxx’s Landlord's estimate of the Rent Adjustment attributable to each month of the applicable calendar year (or partial calendar year) during the TermAdjustment Year. On or before the Commencement Date and the beginning of each subsequent Adjustment Year or with each Landlord’s 's Statement (defined in Article 4Four), Landlord may estimate and notify Tenant in writing of its estimate of the Operating Expenses, including Project Operating Expenses, Building Operating Expenses and Phase Operating Expenses, and Tenant's Share of Taxes each, for such the applicable Adjustment Year. The Rent Adjustment Deposit applicable for the calendar year (or partial calendar yearin which the Commencement Date occurs shall be the amount, if any, specified in Section 1.01(9). Prior Nothing contained herein shall be construed to the first determination by Landlord of the amount of Operating Expenses and of Taxes for the first calendar year (or partial calendar year), Landlord may estimate such amounts in the foregoing calculation. Landlord shall have limit the right of Landlord from time to time during any calendar year to provide a new or revised estimate revise its estimates of Operating Expenses and/or Taxes and to notify Tenant in writing thereof, thereof and of corresponding revision by prospective adjustments in Tenant’s 's Rent Adjustment Deposit payable over the remainder of such year, and of the amount or revised amount due allocable to months preceding such change. The last estimate by Landlord shall remain in effect as the applicable Rent Adjustment Deposit unless and until Landlord notifies Tenant in writing of a change, which notice may be given by Landlord from time to time during each year throughout the Term.. RENTABLE AREA OF THE BUILDING: The amount of square footage set forth in Section 1.01(11)

RENT ADJUSTMENT DEPOSIT. An amount equal to XxxxxxxxLandlord’s estimate of the Rent Adjustment attributable to each month of the applicable calendar year (or partial calendar year) during the Term. On or before the Commencement Date and with each Landlord’s Statement (defined in Article 4), Landlord may estimate and notify Tenant in writing of its estimate of the Operating Expenses and of Taxes for such calendar year (or partial calendar year). Prior to the first determination by Landlord of the amount of Operating Expenses and of Taxes for the first calendar year (or partial calendar year), Landlord may estimate such amounts in the foregoing calculation. Landlord shall have the right from time to time during any calendar year to provide a new or revised estimate of Operating Expenses and/or Taxes and to notify Tenant in writing thereof, of corresponding adjustments in Tenant’s Rent Adjustment Deposit payable over the remainder of such year, and of the amount or revised amount due allocable to months preceding such change. The last estimate by Landlord shall remain in effect as the applicable Rent Adjustment Deposit unless and until Landlord notifies Tenant in writing of a change, which notice may be given by Landlord from time to time during each year throughout the Term.