Common use of Determination of Amounts Due Clause in Contracts

Determination of Amounts Due. (a) Landlord shall have the right, at its discretion, to make reasonable estimates (and to revise any estimate from time to time, which may be more frequently than annually, as it shall deem necessary) of the amounts of Additional Rent to become due for Tenant’s Share of Operating Expenses in any calendar year, and to require Tenant to pay such estimated amounts in equal monthly installments due as required by Section 5.3 on the first day of each calendar month. Interest shall accrue thereon when and as required by Section 5.4. Whenever an estimate of Additional Rent for Operating Expenses shall be revised as aforesaid, Landlord shall have the right to correspondingly adjust the monthly installments thereafter to be paid. Alternatively, Landlord shall have the right to xxxx Tenant at the end of each calendar year, or at such intervals during the applicable calendar year as Landlord deems appropriate, for Tenant’s Share of Operating Expenses incurred at the time of billing. In such case, Tenant shall have ten (10) business days after receipt of Landlord’s invoice to pay such Additional Rent, after which time interest at the Interest Rate shall accrue.

Determination of Amounts Due. (a) Landlord shall have the right, at its discretion, to make reasonable estimates (and to revise any estimate from time to time, which may be more frequently than annually, as it shall deem necessary) of the amounts of Additional Rent to become due for Tenant’s Share of Operating Expenses in any calendar year, and to require Tenant to pay such estimated amounts in equal monthly installments due as required by Section 5.3 on the first day of each calendar month. Interest shall accrue thereon when and as required by Section 5.4. Whenever an estimate of Additional Rent for Operating Expenses shall be revised as aforesaid, Landlord shall have the right to correspondingly adjust increase the monthly installments thereafter to be paid. Alternatively, Landlord shall have the right to xxxx bill Tenant at the end of each calendar year, or at such intervals during the applicable calendar year as Landlord deems appropriate, for Tenant’s Share of Operating Expenses incurred at the time of billing. In such case, Tenant shall have ten (10) business days after receipt of Landlord’s invoice to pay such Additional Rent, after which time interest at the Interest Rate shall accrue.

Determination of Amounts Due. (a) Landlord shall have the right, at as its discretion, to make reasonable estimates (and to revise any estimate from time to time, which may be more frequently than annually, as it shall deem necessary) of the amounts of Additional Rent to become due for Tenant’s 's Share of Operating Expenses in any calendar year, and to require Tenant to pay such estimated amounts in equal monthly installments due as required by Section 5.3 on the first day of each calendar month. Interest shall accrue thereon when and as required by Section 5.4. Whenever an estimate of Additional Rent for Operating Expenses shall be revised as aforesaid, Landlord shall have the right to correspondingly adjust increase the monthly installments thereafter to be paid. Alternatively, Landlord shall have the right to xxxx Tenant at the end of each calendar year, or at as such intervals during the applicable calendar year as Landlord deems appropriate, for Tenant’s 's Share of Operating Expenses incurred at the time of billing. In such casecase , Tenant shall have ten thirty (1030) business days after receipt of Landlord’s 's invoice to pay such Additional Rent, after which time interest at the Interest Rate shall accrue.