Common use of RENTAL ADJUSTMENT FOR ESTIMATED OPERATING COSTS Clause in Contracts

RENTAL ADJUSTMENT FOR ESTIMATED OPERATING COSTS. Landlord shall furnish Tenant a written statement of Estimated Operating Costs Allocable to the Premises for each Year following the Base Year and the amount payable monthly by Tenant for such Costs shall be computed as follows: One-twelfth of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises (the “Excess Operating Costs Allocable to the Premises”) shall be Additional Rent and shall be paid monthly by Tenant for each month during such Year. If Landlord fails to deliver a written statement of the Estimated Operating Costs for any Year, Tenant shall continue to make monthly payments on account of the Estimated Operating Costs in an amount equal to the estimated monthly payment amount established for the preceding Year. If any such written statement is furnished after the commencement of the Year, Tenant shall also make a retroactive lump-sum payment to Landlord equal to the monthly payment amount multiplied by the number of months during the Year prior to delivery of such written statement, less any payments made by Tenant for Estimated Operating Costs for such period.

RENTAL ADJUSTMENT FOR ESTIMATED OPERATING COSTS. Landlord shall furnish Tenant a written statement of Estimated Operating Costs Allocable to the Premises for each Year following the Base Year and the amount payable monthly by Tenant for such Costs shall be computed as follows: Oneone-twelfth (1/12) of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises (the “Excess Operating Costs Allocable to the Premises”) shall be Additional Rent and shall be paid monthly by Tenant for each month during such YearYear after the Commencement Date. If Landlord fails to deliver a written statement of the Estimated Operating Costs for any Year, Tenant shall continue to make monthly payments on account of the Estimated Operating Costs in an amount equal to the estimated monthly payment amount established for the preceding Year. If any such written statement is furnished after the commencement of the YearYear (or as to the first Year during the Lease Term, after the Commencement Date), Tenant shall also make a retroactive lump-sum payment to Landlord equal to the monthly payment amount multiplied by the number of months during the Year prior for as to delivery the first Year during the Lease Term, after the Commencement Date) for which no payment was paid. Notwithstanding the foregoing, Landlord reserves the right, from time to time during each Year, to revise, based on a revised reasonable estimate of such written statementCosts, less any payments made by Tenant for the Estimated Operating Costs for Allocable to the Premises and upon notice to Tenant of such periodrevision, Tenant shall adjust its payment to Landlord under this subparagraph 3.4.1 accordingly.

RENTAL ADJUSTMENT FOR ESTIMATED OPERATING COSTS. Landlord ----------------------------------------------- shall furnish Tenant a written statement of Estimated Operating Costs Allocable to the Premises for each Year following the Base Year and the amount payable monthly by Tenant for such Costs shall be computed as follows: Oneone-twelfth (1/12) of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises (the “Excess Operating Costs Allocable to the Premises”) shall be Additional Rent and shall be paid monthly by Tenant for each month during such YearYear after the Commencement Date. If Landlord fails to deliver a written statement of the Estimated Operating Costs for any Year, Tenant shall continue to make monthly payments on account of the Estimated Operating Costs in an amount equal to the estimated monthly payment amount established for the preceding Year. If any such written statement is furnished after the commencement of the YearYear (or as to the first Year during the Lease Term, after the Commencement Date), Tenant shall also make a retroactive lump-sum payment to Landlord equal to the monthly payment amount multiplied by the number of months during the Year (or as to the first Year during the Lease Term, after the Commencement Date) prior to delivery of such written statement, less any payments made by Tenant for Estimated Operating Costs for such period.

RENTAL ADJUSTMENT FOR ESTIMATED OPERATING COSTS. Landlord shall furnish Tenant a written statement of Estimated Operating Costs Allocable to the Premises for each Year following the Base Year and the amount payable monthly by Tenant for such Costs shall be computed as follows: Oneone-twelfth (1/12) of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises (the “Excess Operating Costs Allocable to the Premises”) shall be Additional Rent and shall be paid monthly by Tenant for each month during such YearYear after the Commencement Date. If Landlord fails to deliver the Commencement Date occurs on a written statement date other than the first day of the Estimated Operating Costs for any Year, the statement provided by Landlord to Tenant shall continue to make monthly payments on account and the computation of the Estimated Operating Costs in an amount equal to the estimated monthly payment amount established for shall be determined based on a proration of the preceding Yearexcess amount over a 360-day year. If any such written statement (except the first statement, which shall be prorated pursuant to the previous sentence) is furnished after the commencement of the Year, Tenant shall also make a retroactive lump-sum payment to Landlord equal to the amount of the monthly payment amount multiplied by the number of months during the Year prior to delivery of such written statement, less any payments made by Tenant after the Commencement Date for Estimated Operating Costs for such periodwhich no payment was paid.

RENTAL ADJUSTMENT FOR ESTIMATED OPERATING COSTS. Landlord shall furnish Tenant a written statement of Estimated Operating Costs Allocable to the Premises for each Year following the Base Year and the amount payable monthly by Tenant for such Costs shall be computed as follows: Oneone-twelfth (1/12) of the amount, if any, by which the Estimated Operating Costs Allocable to the Premises exceeds the Base Amount Allocable to the Premises (the “Excess Operating Costs Allocable to the Premises”) shall be Additional Rent and shall be paid monthly by Tenant for each month during such YearYear after the Commencement Date. If Landlord fails to deliver a written statement of the Estimated Operating Costs for any Year, Tenant shall continue to make monthly payments on account of the Estimated Operating Costs in an amount equal to the estimated monthly payment amount established for the preceding Year. If any such written statement is furnished after the commencement of the YearYear (or as to the first Year during the Lease Term, after the Commencement Date), Tenant shall also make a retroactive lump-sum payment to Landlord equal to the monthly payment amount multiplied by the number of months during the Year (or as to the first Year during the Lease Term, after the Commencement Date) prior to delivery of such written statement, less any payments made by Tenant for Estimated Operating Costs Allocable to the Premises for such period.