Common use of ESTIMATED ADDITIONAL RENTALS Clause in Contracts

ESTIMATED ADDITIONAL RENTALS. During the Term, the Tenant shall pay to the Landlord monthly in advance on the 1st day of each and every month during the Term, one-twelfth (1/12) of the amount of such annual Additional Rent as reasonably estimated by the Landlord to be due from the Tenant. Such estimates may be adjusted from time to time and re-adjusted by the Landlord and the Tenant shall pay to the Landlord monthly installments of Additional Rent according to such estimates, as so adjusted.

Appears in 7 contracts

Samples: Indenture (VeriChip CORP), Zarlink Semiconductor Inc, Indenture (Newbridge Networks Corp)

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ESTIMATED ADDITIONAL RENTALS. (a) During the Term, the Tenant shall pay to the Landlord monthly in advance on the 1st day of each and every month during the Term, one-one twelfth (1/12) of the amount of such annual Additional Rent as reasonably estimated by the Landlord to be due from the Tenant. Such estimates may be adjusted from time to time and re-adjusted no more than once per year by the Landlord and shall be adjusted at the end of each calendar year, and the Tenant shall pay to the Landlord monthly installments of Additional Rent according to such estimates, as so adjusted.

Appears in 1 contract

Samples: Lease Entire Agreement (Mitel Networks Corp)

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