Common use of Annual Adjustments Clause in Contracts

Annual Adjustments. On or before April 1 of each calendar year, Landlord will prepare and deliver to Tenant a statement setting forth the calculation of Tenant’s actual Pro Rata Share of Operating Costs for the previous calendar year. Within thirty (30) days after receipt of the statement of Tenant’s actual Pro Rata Share of Operating Costs, Tenant will pay to Landlord, or Landlord will credit against the next rental or other payment or payments due from Tenant, as the case may be, the difference between Tenant’s actual Pro Rata Share of Operating Costs for the preceding calendar year and Tenant’s estimated Pro Rata Share of Operating Costs paid by Tenant during such year.

Appears in 4 contracts

Samples: Sublease Agreement (Fulgent Genetics, Inc.), Lease Assignment & Assumption (Fulgent Genetics, Inc.), Office Building Lease (Archipelago Learning, Inc.)

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Annual Adjustments. On or before April 1 of each calendar year, Landlord will prepare and deliver to Tenant a statement setting forth the calculation of Tenant’s 's actual Pro Rata Share of Operating Costs for the previous calendar year. Within thirty (30) days after receipt of the statement of Tenant’s 's actual Pro Rata Share of Operating Costs, Tenant will pay to Landlord, or Landlord will credit against the next rental or other payment or payments due from Tenant, as the case may be, the difference between Tenant’s 's actual Pro Rata Share of Operating Costs for the preceding calendar year and Tenant’s 's estimated Pro Rata Share of Operating Costs paid by Tenant during such year.

Appears in 1 contract

Samples: Office Building Lease (Preferred Voice Inc)

Annual Adjustments. On or before April 1 of each calendar yearLease Year, Landlord will prepare and deliver to Tenant a statement setting forth the calculation of the actual Tenant’s actual 's Pro Rata Share of Operating Costs for the previous calendar yearLease Year. Within thirty (30) 30 days after receipt of the statement of the actual Tenant’s actual 's Pro Rata Share of Operating Costs, Tenant will shall pay to Landlord, or Landlord will credit against the next rental or other payment or payments due from Tenant, as the case may be, the difference between the actual Tenant’s actual 's Pro Rata Share of Operating Costs for the preceding calendar year Lease Year and the estimated Tenant’s estimated 's Pro Rata Share of Operating Costs paid by Tenant during such that year.

Appears in 1 contract

Samples: Office Lease Agreement (Bionumerik Pharmaceuticals Inc)

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Annual Adjustments. On or before April 1 of each calendar year, Landlord Xxxxxxxx will prepare and deliver to Tenant a statement setting forth the calculation of TenantXxxxxx’s actual Pro Rata Share of Operating Costs for the previous calendar year. Within thirty (30) days after receipt of the statement of Tenant’s actual Pro Rata Share of Operating Costs, Tenant will pay to Landlord, or Landlord will credit against the next rental or other payment or payments due from Tenant, as the case may be, the difference between Tenant’s actual Pro Rata Share of Operating Costs for the preceding calendar year and TenantXxxxxx’s estimated Pro Rata Share of Operating Costs paid by Tenant during such year.

Appears in 1 contract

Samples: Office Building Lease (HII Technologies, Inc.)

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