Common use of Common Costs Clause in Contracts

Common Costs. The Tenant shall pay to the Landlord its Proportionate Share of Common Costs as follows: (1) the Landlord shall estimate the Common Costs for each year of the Term or its fiscal period, as the Landlord elects, and notify the Tenant in writing of its share. The Tenant shall pay 1/12th of the Landlord's estimate of the Tenant's Proportionate Share of Common Costs in advance with each monthly installment of Rent payable throughout that period, which will be adjusted if the Landlord later re‑estimates the Common Costs for such period or the remaining portion, (2) the Landlord shall advise the Tenant of the actual amount of Common Costs for such period and the Tenant's Proportionate Share after the end of such period in reasonable detail, which will be binding on the parties, unless the Tenant gives written notice of objection within 60 days after receiving same. Within 30 days after receipt of that advice from the Landlord, the Tenant shall pay to the Landlord any underpayment by the Tenant of its Proportionate Share of Common Costs for the period or the Landlord shall credit the Tenant in respect of any overpayment; and (3) if the Landlord is required to prepay any Common Costs or pay any Common Costs more frequently than required at the beginning of the Term, the Tenant shall pay to the Landlord its Proportionate Share of those Common Costs, within seven days after the written request of the Landlord, to allow the Landlord to pay those Common Costs in a timely manner.

Common Costs. The Tenant shall pay to the Landlord its Proportionate Share of Common Costs as follows: (1) the Landlord shall estimate the Common Costs for each year of the Term or its fiscal period, as the Landlord elects, and notify the Tenant in writing of its share. The Tenant shall pay 1/12th of the Landlord's ’s estimate of the Tenant's ’s Proportionate Share of Common Costs in advance with each monthly installment of Basic Rent payable throughout that period, which will be adjusted if the Landlord later re‑estimates re-estimates the Common Costs for such period or the remaining portion,; (2) the Landlord shall advise the Tenant of the actual amount of Common Costs for such period and the Tenant's ’s Proportionate Share after the end of such period in reasonable detail, which will be binding on the parties, unless the Tenant gives written notice of objection within 60 days after receiving same. Within 30 days after receipt of that advice from the Landlord, the Tenant shall pay to the Landlord any underpayment by the Tenant of its Proportionate Share of Common Costs for the period or the Landlord shall credit the Tenant in respect of any overpayment; and (3) if the Landlord is required to prepay any Common Costs or pay any Common Costs more frequently than required at the beginning of the Term, the Tenant shall pay to the Landlord its Proportionate Share of those Common Costs, within seven days after the written request of the Landlord, to allow the Landlord to pay those Common Costs in a timely manner.

Common Costs. The Tenant shall pay to the Landlord its Proportionate Share of Common Costs as follows: (1) the Landlord shall estimate the Common Costs for each year of the Term or its fiscal period, as the Landlord elects, and notify the Tenant in writing of its share. The Tenant shall pay 1/12th of the Landlord's estimate of the Tenant's Proportionate Share of Common Costs in advance with each monthly installment of Basic Rent payable throughout that period, which will be adjusted if the Landlord later re‑estimates re-estimates the Common Costs for such period or the remaining portion, (2) the Landlord shall advise the Tenant of the actual amount of Common Costs for such period and the Tenant's Proportionate Share after the end of such period in reasonable detail, which will be binding on the parties, unless the Tenant gives written notice of objection within 60 days after receiving same. Within 30 days after receipt of that advice from the Landlord, the Tenant shall pay to the Landlord any underpayment by the Tenant of its Proportionate Share of Common Costs for the period or the Landlord shall credit the Tenant in respect of any overpayment; and (3) if the Landlord is required to prepay any Common Costs or pay any Common Costs more frequently than required at the beginning of the Term, the Tenant shall pay to the Landlord its Proportionate Share of those Common Costs, within seven days after the written request of the Landlord, to allow the Landlord to pay those Common Costs in a timely manner.