Written Statement of Estimate. Prior to the commencement of each ----------------------------- Operating Year during the Lease Term, Landlord shall furnish Tenant with a written statement setting forth Tenant's pro rata share of the estimated increase in Operating Expenses and Taxes for the next Operating Year. Tenant shall pay to Landlord as Additional Rent commencing on January 1 of the Operating Year, and thereafter on the first day of each calendar month, an amount equal to one-twelfth of the amount of Tenant's pro rata share as shown in Landlord's written statement. In the event Landlord delivers the written statement late, Tenant shall continue to pay to Landlord an amount equal to one- twelfth of Tenant's pro rata share of the estimated Operating Expenses for the immediately preceding Operating Year until Landlord does furnish the written statement, at which time Tenant shall pay the amount of any excess of the Tenant's pro rata share for the expired portion of the current Operating Year over the Tenant's actual payments during such time and any excess payments by Tenant shall be credited to the next due payment of Rent from Tenant. The late delivery of any written statement by Landlord shall not constitute a waiver of Tenant's obligation to pay its pro rata share of Operating Expenses nor subject the Landlord to any liability, but Landlord shall use reasonable efforts to deliver such written statements of estimated increase in Operating Expenses as soon as reasonably possible after the commencement of each Operating Year.
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Samples: Lease Agreement (Preview Systems Inc), Lease Agreement (Virtual Mortgage Network Inc)
Written Statement of Estimate. Prior to the commencement of For each ----------------------------- Operating Year during the Lease TermTerm after the Base Year, Landlord shall furnish Tenant with a written statement setting forth Tenant's pro rata share Pro Rate Share of the estimated increase in Operating Expenses and Taxes for the next Operating Year. Tenant shall pay to Landlord as Additional Rent commencing on January 1 of the Operating Year, and thereafter on the first day of each calendar month, an amount equal to one-twelfth of the amount of Tenant's pro rata share Pro Rata Share of such increase as shown in Landlord's written statement. In the event Landlord delivers the written statement late, Tenant shall continue to pay to Landlord an amount equal to one- one-twelfth of Tenant's pro rata share Pro Rata Share of the estimated increase in Operating Expenses for the immediately preceding Operating Year until Landlord does furnish furnishes the written statement, at which time Tenant shall pay the amount of any excess of the Tenant's pro rata share Pro Rata Share for the expired portion of the current Operating Year over the Tenant's actual payments during such time and any excess payments by Tenant shall be credited to the next net due payment of Rent from Tenant. The late delivery of any written statement by Landlord shall not constitute a waiver of Tenant's obligation to pay its pro rata share Pro Rata Share of the increase in Operating Expenses nor subject the Landlord to any liability, but Landlord shall use reasonable efforts to deliver such written statements of estimated increase in Operating Expenses as soon as reasonably possible after the commencement of each Operating Yearpossible.
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Samples: Lease Agreement (Webridge Inc)
Written Statement of Estimate. Prior to the commencement of each ----------------------------- Operating Year during the Lease Term, Landlord shall furnish Tenant with a written statement setting forth Tenant's pro rata share of the estimated increase in Operating Expenses and Taxes for the next Operating Year. Tenant shall pay to Landlord as Additional Rent commencing on January 1 of the Operating Year, and thereafter on the first day of each calendar month, an amount equal to one-twelfth of the amount of Tenant's pro rata share as shown in Landlord's written statement. In the event Landlord delivers the written statement late, Tenant shall continue to pay to Landlord an amount equal to one- one-twelfth of Tenant's pro rata share of the estimated Operating Expenses for the immediately preceding Operating Year until Landlord does furnish the written statement, at which time Tenant shall pay the amount of any excess of the Tenant's pro rata share for the expired portion of the current Operating Year over the Tenant's actual payments during such time and any excess payments by Tenant shall be credited to the next due payment of Rent from TenantTenant until fully credited. The late delivery of any written statement by Landlord shall not constitute a waiver of Tenant's obligation to pay its pro rata share of Operating Expenses nor subject the Landlord to any liability, but Landlord shall use reasonable efforts to deliver such written statements of estimated increase in Operating Expenses as soon as reasonably possible after the commencement of each Operating Year.
Appears in 1 contract
Samples: Lease Agreement (Webtrends Corp)
Written Statement of Estimate. Prior Beginning with the second lease ----------------------------- year and prior to the commencement of each ----------------------------- subsequent Operating Year during the Lease Term, Landlord shall furnish Tenant with a written statement setting forth Tenant's pro rata share Percentage of the estimated increase in Operating Expenses and Taxes for the next Operating Year. Tenant shall pay to Landlord as Additional Rent commencing on January 1 of the Operating Year, and thereafter on the first day of each calendar month, an amount equal to one-twelfth of the amount of Tenant's pro rata share Percentage as shown in LandlordXxxxxxxx's written statement. In the event Landlord delivers the written statement late, Tenant shall continue to pay to Landlord an amount equal to one- one-twelfth of Tenant's pro rata share Percentage of the estimated Operating Expenses for the immediately preceding Operating Year until Landlord Xxxxxxxx does furnish the written statement, at which time 7 LEASE AGREEMENT Tenant shall pay the amount of any excess of the Tenant's pro rata share Percentage for the expired portion of the current Operating Year over the Tenant's actual payments during such time and any excess payments by Tenant shall be credited to the next due payment of Rent from Tenant. The late delivery of any written statement by Landlord shall not constitute a waiver of Tenant's obligation to pay its pro rata share of Operating Expenses nor subject the Landlord to any liability, but Landlord shall use reasonable efforts to deliver such written statements of estimated increase in Operating Expenses as soon as reasonably possible after the commencement of each Operating Year.
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Written Statement of Estimate. Prior to the commencement of each ----------------------------- Operating Year during the Lease Term, Landlord shall furnish Tenant with a written statement setting forth Tenant's pro rata share of the estimated increase in Operating Expenses and Taxes for the next Operating Year. Tenant shall pay to Landlord as Additional Rent commencing on January 1 of the Operating Year, and thereafter on the first day of each calendar month, an amount equal to one-twelfth of the amount of Tenant's pro rata share as shown in Landlord's written statement. In the event Landlord delivers the written statement late, Tenant shall continue to pay to Landlord an amount equal to one- one-twelfth of Tenant's pro rata share of the estimated Operating Expenses for the immediately preceding Operating Year until Landlord Xxxxxxxx does furnish the written statement, at which time Tenant shall pay the amount of any excess of the Tenant's pro rata share for the expired portion of the current Operating Year over the TenantXxxxxx's actual payments during such time and any excess payments by Tenant shall be credited to the next due payment of Rent from Tenant. The late delivery of any written statement by Landlord shall not constitute a waiver of Tenant's obligation to pay its pro rata share of Operating Expenses nor subject the Landlord to any liability, but Landlord shall use reasonable efforts to deliver such written statements of estimated increase in Operating Expenses as soon as reasonably possible after the commencement of each Operating Year.if not timely
Appears in 1 contract
Samples: Lease Agreement (Inflow Inc)
Written Statement of Estimate. Prior to the commencement of each ----------------------------- Operating Year during the Lease Term, Landlord shall furnish Tenant with a written statement setting forth Tenant's pro rata share ’s Pro Rata Share of the estimated increase in Operating Expenses and Taxes for the next Operating Year. Tenant’s initial estimated “Tenant’s Pro Rata Share” of Operating Expenses for the calendar year of 2019 is $ per month ($ psf annually) (which amount includes insurance premiums for the insurance Landlord is required to carry pursuant to Article 11 below in the amount of $ per month ($ psf annually)) and Taxes for the calendar year of 2019 is $ per month ($ psf annually). Tenant shall pay to Landlord as Additional Rent commencing on January 1 of the Operating Year, and thereafter on the first day of each calendar month, an amount equal to one-twelfth (1/12) of the amount of Tenant's pro rata share as shown in Landlord's written statement’s Pro Rata Share of such Operating Expenses and Taxes. In the event Landlord delivers the written statement late, Tenant shall continue to pay to Landlord an amount equal to one- one-twelfth (1/12) of Tenant's pro rata share ’s Pro Rata Share of the estimated Operating Expenses and Taxes for the immediately preceding Operating Year until Landlord does furnish furnishes the written statement, at which time Tenant shall pay the amount of any excess of the Tenant's pro rata share ’s Pro Rata Share for the expired portion of the current Operating Year over the Tenant's ’s actual payments during such time and time; any excess payments by Tenant shall be credited to the next due payment of Additional Rent from Tenant. The late delivery of any written statement by Landlord shall not constitute a waiver of Tenant's ’s obligation to pay its pro rata share percentage of the Operating Expenses and Taxes, nor subject the Landlord to any liability, but Landlord shall use reasonable efforts to deliver such written statements of estimated increase in Operating Expenses and Taxes as soon as reasonably possible after the commencement of each Operating Yearpossible.
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Samples: Retail Lease
Written Statement of Estimate. Prior Not more than forty-five ----------------------------- (45) days prior to the commencement of each ----------------------------- Operating Year during the Lease TermTerm of this Sublease after the year 2000, Landlord Sublessor shall furnish Tenant Sublessee with a written statement setting forth TenantSublessee's pro rata share of the estimated increase in Operating Expenses and Taxes for the next Operating Year. Tenant Sublessee shall pay to Landlord Sublessor as Additional Rent commencing on January 1 of the Operating Year, and thereafter on the first day of each calendar month, an amount equal to one-twelfth of the amount of TenantSublessee's pro rata share as shown in LandlordSublessor's written statement. In the event Landlord Sublessor delivers the written statement late, Tenant Sublessee shall continue to pay to Landlord Sublessor an amount equal to one- one-twelfth of TenantSublessee's pro rata share of the estimated Operating Expenses for the immediately preceding Operating Year until Landlord Sublessor does furnish the written statement, at which time Tenant Sublessee shall pay the amount of any excess of the TenantSublessee's pro rata share for the expired portion of the current Operating Year over the TenantSublessee's actual payments during such time and any excess payments by Tenant Sublessee shall be credited to the next due payment of Rent from TenantSublessee. The late delivery of any written statement by Landlord Sublessor shall not constitute a waiver of TenantSublessee's obligation to pay its pro rata share of Operating Expenses nor subject the Landlord Sublessor to any liability, but Landlord Sublessor shall use reasonable efforts to deliver such written statements of estimated increase in Operating Expenses as soon as reasonably possible after the commencement of each Operating Year.
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Written Statement of Estimate. Prior to the commencement of For each ----------------------------- Operating Year during the Lease TermTerm after 2002, Landlord shall furnish Tenant with a written statement setting forth Tenant's pro rata share Pro Rata Share of the estimated increase in Operating Expenses and Taxes for the next Operating Year. Tenant shall pay to Landlord as Additional Rent commencing on January 1 of the Operating Year, and thereafter on the first day of each calendar month, an amount equal to one-twelfth of the amount of Tenant's pro rata share Pro Rata Share of such increase as shown in Landlord's written statement. In the event Landlord delivers the written statement late, Tenant shall continue to pay to Landlord an amount equal to one- one-twelfth of Tenant's pro rata share Pro Rata Share of the estimated increase in Operating Expenses for the immediately preceding Operating Year until Landlord does furnish furnishes the written statement, at which time Tenant shall pay the amount of any excess of the Tenant's pro rata share Pro Rata Share for the expired portion of the current Operating Year over the Tenant's actual payments during such time and any excess payments by Tenant shall be credited to the next due payment of Rent from Tenant. The late delivery of any written statement by Landlord shall not constitute a waiver of Tenant's obligation to pay its pro rata share Pro Rata Share of the increase in Operating Expenses nor subject the Landlord to any liability, but Landlord shall use reasonable efforts to deliver such written statements of estimated increase in Operating Expenses as soon as reasonably possible after by June 1 of the commencement of each Operating YearYear following the year in which expenses were incurred.
Appears in 1 contract
Samples: Lease Agreement (Planar Systems Inc)
Written Statement of Estimate. Prior to the commencement of For each ----------------------------- Operating Year during the Lease TermTerm after the Base Year, Landlord shall furnish Tenant with a written statement setting forth Tenant's pro rata share ’s Percentage of the estimated increase in Operating Expenses and Taxes for the next Operating Year. Tenant shall pay to Landlord as Additional Rent commencing on January 1 of the Operating Year, and thereafter on the first day of each calendar month, an amount equal to one-twelfth (1/12th) of the amount of Tenant's pro rata share ’s Percentage of such increase as shown in Landlord's ’s written statement. In the event Landlord delivers the written statement late, Tenant shall continue to pay to Landlord an amount equal to one- one-twelfth (1/12th) of Tenant's pro rata share ’s Percentage of the estimated increase in Operating Expenses for the immediately preceding Operating Year until Landlord does furnish furnishes the written statement, at which time Tenant shall pay the amount of any excess of the Tenant's pro rata share ’s Percentage for the expired portion of the current Operating Year over the Tenant's ’s actual payments during such time and any excess payments by Tenant shall be credited to the next due payment of Rent from Tenant. The late delivery of any written statement by Landlord shall not constitute a waiver of Tenant's ’s obligation to pay its pro rata share Pro Rate Share of the increase in Operating Expenses Expenses, nor subject the Landlord to any liability, but Landlord shall use reasonable efforts to deliver such written statements of estimated increase in Operating Expenses as soon as reasonably possible after the commencement of each Operating Yearpossible.
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