Estimated Basic Operating Cost definition

Estimated Basic Operating Cost for any particular year shall mean Landlord's estimate of the Basic Operating Cost for such fiscal year made prior to commencement of such fiscal year as hereinafter provided. Landlord shall have the right from time to time to revise its fiscal year and interim accounting periods so long as the periods as so revised are reconciled with prior periods in accordance with generally accepted accounting principles applied in a consistent manner. During the last month of each fiscal year during the Term, or as soon thereafter as practicable, Landlord shall give Tenant written notice of the Estimate Basic Operating Cost for ensuing fiscal year. Tenant shall pay Tenant's Proportionate Share of the Estimated Basic Operating Costs with installments on the first day of each calendar month during such year, in advance. If at any time during the course of the fiscal year, Landlord determines that Basic Operating Cost will apparently vary from the then Estimated Basic Operating Cost by more than ten percent (10%), Landlord may, by written notice to Tenant, revise the Estimate Basic Operating Cost for the balance of such fiscal year and Tenant shall pay Tenant's Proportionate Share of the Estimated Basic Operating Cost as so revised for the balance of the then current fiscal year on the first of each calendar month and there after.

Estimated Basic Operating Cost for any calendar month shall mean ------------------------------ Landlord's estimate of Basic Operating Cost for the calendar year within which such month falls divided by twelve (12) equal monthly installments.

Estimated Basic Operating Cost for any particular year shall mean Landlord's estimate of the Basic Operating Cost for such fiscal year made prior to commencement of such fiscal year as hereinafter provided. Landlord shall have the right from time to time to revise its fiscal year and interim accounting periods so long as the periods as so revised are reconciled with prior periods in accordance with generally accepted accounting principles applied in a consistent manner.

Examples of Estimated Basic Operating Cost in a sentence

• Basic Operating Cost Adjustment" shall mean the difference between Estimated Basic Operating Cost and Basic Operating Cost for any fiscal year determined as hereinafter provided.

• During the last month of each fiscal year during the Term, or as soon thereafter as practicable, Landlord shall give Tenant written notice of the Estimated Basic Operating Cost for the ensuing fiscal year.

• If such statement shows that Tenant's payment based upon Estimated Basic Operating Cost is less than Tenant's Proportionate Share of Basic Operating Cost, then Tenant shall pay to Landlord the difference within twenty (20) days after receipt of such statement.

• Estimated Basic Operating Cost" for any particular year shall mean Landlord's estimate of the Basic Operating Cost for such fiscal year made prior to commencement of such fiscal year as hereinafter provided.

• Tenant shall pay Tenant’s Proportionate Share of the Estimated Basic Operating Cost with installments of Base Rent for the fiscal year to which the Estimated Basic Operating Cost applies in monthly installments on the first day of each calendar month during such year, in advance.

More Definitions of Estimated Basic Operating Cost

Estimated Basic Operating Cost for any calendar year shall mean Landlord’s estimate of Basic Operating Cost for the applicable calendar year.

Estimated Basic Operating Cost for any particular year shall mean Landlord's estimate of the Basic Operating Cost for such fiscal year made prior to commencement of such fiscal year as hereinafter provided. Landlord shall have the right from time to time

Estimated Basic Operating Cost for any particular year shall mean Landlord's estimate of the Basic Operating Cost for such calendar year as hereinafter provided.

Estimated Basic Operating Cost for any calendar year shall mean Landlord's estimate of Basic Operating Cost for 3 such calendar year.

Estimated Basic Operating Cost for any particular Expense Year shall mean Landlord's estimate of the Basic Operating Cost for such Expense Year.

Estimated Basic Operating Cost for any particular year shall mean Landlord's estimate of the Basic Operating Cost for such fiscal year as hereinafter provided.

Estimated Basic Operating Cost for any calendar month shall ------------------------------ mean Landlord's estimate of Basic Operating Cost for the calendar year within which such month falls divided by twelve (12) equal monthly installments.