Actual Expenses definition
Examples of Actual Expenses in a sentence
If Tenant's payments exceed the Actual Expenses, Landlord shall either offset the excess against the Operating Expenses next thereafter to become due to Landlord, or shall refund the amount of the overpayments to Tenant, in cash, as Landlord shall elect.
If T▇▇▇▇▇’s Proportionate Share of the Actual Expenses exceeds the Estimated Payments, for the same period of time, then T▇▇▇▇▇ agrees to pay within thirty (30) days of receipt of said statement, the difference between T▇▇▇▇▇’s Proportionate Share of the Actual Expenses and the Estimated Payments.
Within one hundred twenty (120) days following the end of each calendar year Landlord shall furnish Tenant a statement of actual Operating Expenses (the "Actual Expenses") for the calendar year and the payments made by Tenant with respect to such period.
If the Parties determine that the Actual Plus Estimated Expenses exceed Total Actual Expenses, then the amount of such excess will be credited against the amount due by Bayer in respect of the first […***…] of the following […***…] (or, if no such payment is anticipated, refunded by Dimension to Bayer within […***…] of such determination).
If the Parties determine that Total Actual Expenses exceed Actual Plus Estimated Expenses, and such Total Actual Expenses are greater than […***…] of the then-current Research Budget for the applicable […***…] (such excess over such percentage, a “Cost Overrun”), then Bayer shall have no obligation to pay the Cost Overrun unless Dimension obtains Bayer’s consent.