Estimated Expenses. (i) Prior to the Commencement Date, and thereafter prior to the commencement of each calendar year occurring wholly or partially within the Term, Landlord shall estimate the annual Operating Expenses payable by Tenant pursuant to this provision, and Tenant shall pay to Landlord on the first day of each month in advance, one-twelfth (1/12th) of Tenant’s Share of such estimated amount. In the event that during any calendar year of the Term, Landlord determines that the actual Operating Expenses for such year will exceed the estimated Operating Expenses, Landlord may revise such estimate by written notice to Tenant (but only once per year), and Tenant shall pay to Landlord, concurrently with the regular monthly rent payment next due following the receipt of the revised estimate, an amount equal to one monthly installment of such increase multiplied by the number of months expired during such calendar year to and including the month of such payment; provided, however, in the event any line item of Landlord’s estimate for any calendar year increases by more than three percent (3%) over the prior calendar year, Landlord shall, at the time of the estimate revision, provide Tenant with reasonable substantiation of such increase. Subsequent installments shall be payable concurrently with the regular monthly Base Rent due for the balance of the calendar year and shall continue until the next calendar year’s estimate is rendered. Notwithstanding the foregoing, at Tenant’s request, Landlord agrees to meet with Tenant to discuss Landlord’s budget and estimate of the next year’s Operating Expenses.
Estimated Expenses. 6 7.1 Payment .................................................... 6 7.2 Adjustment ................................................. 6 7.3
Estimated Expenses. Upon the Commencement of the Lease Term, and thereafter prior to the commencement of each calendar year occurring wholly or partially within the Term, Landlord shall estimate the annual Operating Expenses payable by Tenant pursuant to this provision, and Tenant shall pay to Landlord on the first day of each month in advance, one-twelfth (1/12th) of Tenant's Share of such estimated amount. In the event that during any calendar year of the Term, Landlord determines that the actual Operating Expenses for such year will exceed the estimated Operating Expenses, Landlord may revise such estimate by written notice to Tenant, and Tenant shall pay to Landlord, concurrently with the regular monthly rent payment next due following the receipt of the revised estimate, an amount equal to one monthly installment thereof multiplied by the number of months expired during such calendar year to and including the month of such payment. Subsequent installments shall be payable concurrently with the regular monthly Base Rent due for the balance of the calendar year and shall continue until the next calendar year's estimate is rendered. Within ninety (90) days following the end of each year, Landlord shall provide Tenant with a written statement of the actual total Operating Expenses for such year and there shall be an adjustment made to account for any difference between Tenant's Share of the actual and the estimated Operating Expenses for the previous year. If Tenant has overpaid the amount of Operating Expenses owing pursuant to this provision, Landlord shall, provided Tenant is not in default hereunder, credit such overpayment to Tenant's account. If Tenant has underpaid the amount of Operating Expenses owing pursuant to this provision, Tenant shall pay the total amount of such deficiency to Landlord as Additional Rent with the next payment of Base Rent due under this Lease following delivery of written notice of said deficiency from Landlord to Tenant. Landlord shall keep its books of account and records concerning Operating Expenses in compliance with generally accepted accounting principles and retain the same for two (2) years after the calendar year for which they were prepared. Unless Tenant objects in writing regarding specific discrepancies in the Operating Expense calculations for any calendar year within twelve (12)months after receipt of Landlord's final calculations for such calendar year, Tenant shall be deemed to have approved the same and to have waived the r...
Estimated Expenses. SCC will be reimbursed by the FUND for its reasonable out-of-pocket expenses incurred provided that SCC submits to the FUND an expense report, itemizing such expenses and providing copies of all supporting bills in respect of such expenses. SCC's expenses are estimated as set forth below and the estimates are based largely on data provided to SCC by the FUND. In the course of the OFFER, the expenses and expense categories may change due to changes in the OFFER schedule or due to events beyond SCC's control, such as delays in receiving offering materials and related items. In the event of significant change or new expenses not originally contemplated, SCC will notify the FUND by phone and/or by letter for approval of such expenses. ESTIMATED EXPENSES Low Range High Range ------------------ --------- ---------- Data Handling and Preparation Telephone # Lookup - Account Consolidation, Computer Match and Information Operators (blended rate) 5,250 @ $.60........................................................... $ 3,150 $ 3,150 Inbound/Outbound Information Campaign Outbound Telephone Calls 2,890 to 4,200 @ $3.75 (registered & NOBO holders)..................... 10,837 15,750 720 to 1,260 @ $4.00 (Reorganization Calls)............................ 2,880 5,040 Inbound "800" Telephone Calls (Shareholders, Banks, Brokers and Financial Advisors) 650 to 825 @ $3.75..................................................... 2,437 3,093 Mailing & Distribution Bank/Broker Distribution (freight, messenger and FedEx)................ 3,500 6,000 Miscellaneous expenses - FedEx, postage, search and related items...................................... 750 1,500 -------- -------- TOTAL ESTIMATED EXPENSES.......................................... $ 23,554 $ 34,533 Shareholder ----------- Communications Corporation
Estimated Expenses. (g) The Additional Rent is estimated at $5.00 per square foot per annum for 2020. The amounts payable by the Tenant under Sections 5.1, 5.2 and Article Vt may be estimated annually by the Landlord and the Tenant will pay to the Landlord the Tenant’s share or the Tenant’s Proportionate Share, as the case may be, as so estimated, of the amounts in monthly instalments in advance during that period as Additional Rent. If the Landlord revises an estimated amount the Tenant will, within five (5) days of being notified, provide to the Landlord a series of post-dated cheques for the remaining months of the Rental Year in substitution of the post-dated cheques which the Tenant was previously required to provide to the Landlord and Landlord will, upon receiving the substitute cheques, return to the Tenant those which the Landlord previously held. As soon as bills for all or any part of those estimated amounts are received, the Landlord may bill the Tenant for the Tenant’s share or Proportionate Share as the case may be, and the Tenant will pay the Landlord the amounts so billed (less the amounts previously paid by the Tenant on the basis of the Landlord’s estimate as provided above) as Additional Rent on demand.
Estimated Expenses. Tenant's Pro Rata Share of Operating Expenses for each Lease Year of the term of the Lease shall be estimated in good faith by Landlord, and notice of the estimated amounts will be given to Tenant at least fifteen (15) days before the Commencement Date and at least thirty (30) days before the beginning of each Lease Year thereafter. For each full Lease Year of the Lease term, Tenant shall pay to Landlord each month, as additional rent, at the same time the monthly installment of Base Rental is due, an amount equal to one-twelfth (1/12) of the estimated Tenant's Pro Rata Share of Operating Expenses due for that Lease Year. If the first and last Lease Years are less than full calendar years, then Tenant shall pay to Landlord, each month for those Lease Years, an amount equal to the amount of estimated Tenant's Pro Rata Share of Operating Expenses for the partial Lease Year divided by the number of full calendar months in the partial year.
Estimated Expenses. The Landlord shall have the right to make reasonable estimates of the amount of any or all of the Additional Rent for each Operating Year during the Term.
Estimated Expenses. Tenant shall pay to Landlord, as Additional Rent, the following (the "Escalation Amounts"):
Estimated Expenses. (i) Upon the Commencement Date, and thereafter prior to the commencement of each calendar year occurring wholly or partially within the Term or as soon as practical thereafter, Landlord shall estimate the annual Operating Expense Increase payable by Tenant pursuant to this provision, and Tenant shall pay to Landlord on the first day of each month in advance, one-twelfth (1/12th) of Tenant's Share of the estimated Operating Expense Increase. Landlord's estimate will be reasonable and based on standard real estate accounting practices consistently and fairly applied. If Tenant requests, Landlord will provide Tenant with reasonably detailed documentation to support Landlord's estimate. In the event that during any calendar year of the Term, Landlord reasonably determines that the actual Operating Expense Increase for such year will exceed the estimated Operating Expense Increase, Landlord may revise such estimate by written notice to Tenant, and Tenant shall pay to Landlord, concurrently with the regular monthly rent payment next due following the receipt of the revised estimate, an amount equal to the difference between the initial monthly estimate and the revised monthly estimate multiplied by the number of months expired during such calendar year and shall also pay an amount equal to the revised monthly estimate for the month of such payment. Subsequent installments shall be payable concurrently with the regular monthly Base Rent due for the balance of the calendar year and shall continue until the next calendar year's estimate is rendered or Landlord next revises its estimate of the Operating Expense Increase, whichever occurs sooner .
Estimated Expenses. SCC will be reimbursed by CIF for its reasonable out-of-pocket expenses incurred provided that SCC submits to CIF an expense report, itemizing such expenses and providing copies of all supporting bills in respect of such expenses. If the actual expenses incurred are less than the portion of the estimated high range expenses paid in advance by CIF, CIF will receive from SCC a check payable in the amount of the difference at the time that SCC sends its final invoice for the second half of the project fee. SCC's expenses are estimated as set forth below and the estimates are based largely on data provided to SCC by CIF. In the course of the OFFER the expenses and expense categories may change due to changes in the OFFER schedule or due to events beyond SCC's control, such as delays in receiving offering material and related items. In the event of a change of 10% or more from the total expenses estimated or new expenses not originally contemplated, SCC will notify CIF by phone and/or by letter for prior approval of such expenses.
