Common use of Actual Operating Costs Clause in Contracts

Actual Operating Costs. Within ninety (90) days after the close of each Lease Year during the term hereof, Landlord shall deliver to Tenant a written statement setting forth the actual Operating Costs during the preceding Lease Year. If such costs for any Lease Year exceed the Estimated Operating Costs paid by Tenant to Landlord pursuant to paragraph 7(b)(1) for such Lease Year, Tenant shall pay the amount of such excess to Landlord as additional rent within thirty (30) days after receipt of such statement by Tenant. If such statement shows such costs to be less than the amount paid by Tenant to Landlord pursuant to paragraph 7(b)(1), then the amount of such overpayment shall be credited toward the next monthly rent payable by Tenant.

Appears in 1 contract

Sources: Lease Agreement (Interactive Objects Inc)

Actual Operating Costs. Within ninety (90) days after the close of each Lease Year during the term hereof, Landlord shall deliver to Tenant a written statement setting forth the actual Operating Costs during the preceding Lease Year. If such costs for any Lease Year exceed the Estimated Operating Costs paid by Tenant to Landlord pursuant to paragraph 7(b)(1) for such Lease Year, Tenant shall pay the amount of such excess to Landlord as additional rent within thirty sixty (3060) days after receipt of such statement by Tenant. If such statement shows such costs to be less than the amount paid by Tenant to Landlord pursuant to paragraph 7(b)(1), then the amount of such overpayment shall be credited toward the next monthly rent payable by Tenant.

Appears in 1 contract

Sources: Lease Agreement (Infowave Software Inc)

Actual Operating Costs. Within ninety (90) days after the close ---------------------- of each Lease Year during the term hereof, Landlord shall deliver to Tenant a written statement setting forth the actual Operating Costs during the preceding Lease Year. If such costs for any Lease Year exceed the Estimated Operating Costs paid by Tenant to Landlord pursuant to paragraph 7(b)(1Section 8(b)(1) for such Lease Year, Tenant shall pay the amount of such excess to Landlord as additional rent within thirty (30) days after receipt of such statement by Tenant. If such statement shows such costs to be less than the amount paid by Tenant to Landlord pursuant to paragraph 7(b)(1Section 8(b)(1), then the amount of such overpayment shall be credited toward the next monthly rent payable by TenantTenant or, if this Lease has terminated, shall be paid to Tenant within thirty (30) days.

Appears in 1 contract

Sources: Lease Agreement (Stamps Com Inc)