Common use of Calculation and Payment Clause in Contracts

Calculation and Payment. Landlord shall deliver to Tenant on or before the first day of March following the end of each year following the Base Year (an “Expense Year”) a statement setting forth (i) the amount Tenant paid as Rent for the applicable Expense Year, and (ii) the actual amount of Tenant’s Share of Operating Expenses for the applicable Expense Year. If the amount Tenant paid as Rent for the applicable Expense Year exceeds the actual amount of Tenant’s Share of Operating Expenses for the applicable Expense Year, then Landlord shall credit such difference on Tenant’s next payment(s) of Rent. If the amount Tenant paid as Rent for the applicable Expense Year was less than the actual amount of Tenant’s Share of Operating Expenses for the applicable Expense Year, then Tenant shall pay such difference as Additional Rent to Landlord on Tenant’s next payment of Rent. Landlord’s failure to furnish such statement for any Expense Year in a timely manner shall not prejudice Landlord from enforcing its rights hereunder. Even if the Lease term has expired and Tenant has vacated the Premises, if an excess or shortfall exists when the final determination is made, Tenant shall immediately pay or receive a credit of such excess or shortfall.

Calculation and Payment. Landlord shall deliver to Tenant on or before the first day of March following the end of each year following the Base Year (an “"Expense Year”") a statement setting forth (i) the amount Tenant paid as Rent for the applicable Expense Year, and (ii) the actual amount of Tenant’s 's Share of Operating Expenses for the applicable Expense Year. If the amount Tenant paid as Rent for the applicable Expense Year exceeds the actual amount of Tenant’s 's Share of Operating Expenses for the applicable Expense Year, then Landlord shall credit such difference on Tenant’s 's next payment(s) of Rent. If the amount Tenant paid as Rent for the applicable Expense Year was less than the actual amount of Tenant’s 's Share of Operating Expenses for the applicable Expense Year, then Tenant shall pay such difference as Additional Rent to Landlord on Tenant’s 's next payment of Rent. Landlord’s 's failure to furnish such statement for any Expense Year in a timely manner shall not prejudice Landlord from enforcing its rights hereunder. Even if the Lease term has expired and Tenant has vacated the Premises, if an excess or shortfall exists when the final determination is made, Tenant shall immediately pay or receive a credit of such excess or shortfall.

Calculation and Payment. Landlord Sublessor shall deliver to Tenant Sublessee on or before the first day of March following the end of each year following the Base Year (an “"Expense Year”") a statement setting forth (i) the amount Tenant Sublessee paid as Rent for the applicable Expense Year, and (ii) the actual amount of Tenant’s Sublessee's Share of Operating Expenses for the applicable Expense Year. If the amount Tenant Sublessee paid as Rent for the applicable Expense Year exceeds the actual amount of Tenant’s Sublessee's Share of Operating Expenses for the applicable Expense Year, then Landlord Sublessor shall credit such difference on Tenant’s Sublessee's next payment(s) of Rent. If the amount Tenant Sublessee paid as Rent for the applicable Expense Year was less than the actual amount of Tenant’s Sublessee's Share of Operating Expenses for the applicable Expense Year, then Tenant Sublessee shall pay such difference as Additional Rent to Landlord Sublessor on Tenant’s Sublessee's next payment of Rent. Landlord’s Sublessor's failure to furnish such statement for any Expense Year in a timely manner shall not prejudice Landlord Sublessor from enforcing its rights hereunder. Even if the Lease Sublease term has expired and Tenant Sublessee has vacated the Premises, if an excess or shortfall exists when the final determination is made, Tenant Sublessee shall immediately pay or receive a credit of such excess or shortfall.

Calculation and Payment. Landlord Sublessor shall deliver to Tenant Sublessee on or before the first day of March following the end of each year following the Base Year (an “Expense Year”) a statement setting forth (i) the amount Tenant Sublessee paid as Rent for the applicable Expense Year, and (ii) the actual amount of TenantSublessee’s Share of Operating Expenses for the applicable Expense Year. If the amount Tenant Sublessee paid as Rent for the applicable Expense Year exceeds the actual amount of TenantSublessee’s Share of Operating Expenses for the applicable Expense Year, then Landlord Sublessor shall credit such difference on TenantSublessee’s next payment(s) of Rent. If the amount Tenant Sublessee paid as Rent for the applicable Expense Year was less than the actual amount of TenantSublessee’s Share of Operating Expenses for the applicable Expense Year, then Tenant Sublessee shall pay such difference as Additional Rent to Landlord Sublessor on TenantSublessee’s next payment of Rent. LandlordSublessor’s failure to furnish such statement for any Expense Year in a timely manner shall not prejudice Landlord Sublessor from enforcing its rights hereunder. Even if the Lease Sublease term has expired and Tenant Sublessee has vacated the Premises, if an excess or shortfall exists when the final determination is made, Tenant Sublessee shall immediately pay or receive a credit of such excess or shortfall.