Estimated Monthly Payments. Subject to adjustment after the end of each calendar year on the basis of the actual cost for such year, Tenant shall pay monthly as Additional Rent estimated costs for ad valorem taxes, insurance premiums, common area maintenance expenses, operating expenses and tenant obligations performed by Landlord. Initially, Landlord estimates CAM, tax and insurance to commence at the rate of $2.75 per square foot. Operating expenses and tenant obligations performed by Landlord are to be determined as an estimate (TBD) and outlined in the Commencement Date letter to be executed at commencement of the Lease Term.
Estimated Monthly Payments. Within the first one hundred twenty (120) days after the end of each calendar year (or portion thereof) during the Term of Lease, Landlord shall furnish Tenant with Landlord's reasonable estimate of the Operating Expenses for the then current calendar year (Landlord's Operating Expense Estimate). Until the first day of the calendar month following the month in which Tenant is given Landlord's Operating Expense Statement, Tenant shall continue to pay to Landlord on the first day of each calendar month the monthly sum, if any, payable by Tenant under this Article 4(a)(i) for the month of December of the preceding calendar year. Landlord shall give notice to Tenant stating whether the Tenant's monthly payments made pursuant to this Article 4(a)(i) during the then current calendar year were greater or less than the revised monthly payment stated in Landlord's Operating Expense Estimate, and (i) if there shall be a deficiency, Tenant shall pay the amount thereof to Landlord within thirty (30) days after the giving of Landlord's estimate, or (ii) if there shall have been an overpayment, Landlord shall pay the amount thereof to Tenant within thirty (30) days after the giving of Landlord's estimate, and (iii) on the first day of the first calendar month following the month in which Tenant is given Landlord's estimate, and on the first day of each calendar month thereafter during the Term throughout the remainder of such calendar year, Tenant shall pay to Landlord an amount equal to one-twelfth of Tenant's pro rata share of the amount by which Operating Expenses for such calendar year are estimated to exceed the Operating Expense Amount.
Estimated Monthly Payments. For the term of the ITOC Services, Tenneco shall pay to Packaging a monthly fee in the amount established in paragraph 7 of the FAS Letter, less the amount of any Third Party Direct Charges for the immediately preceding month (the "Estimated Monthly Payment").
Estimated Monthly Payments. Tenant shall pay to Landlord in advance on the first day of each calendar month during the Term (with ratable adjustment for any fractional month), the amount of $1,334.20 estimated by Landlord to be Tenant’s monthly pro rata share of all Operating Expenses for the first Lease Year. Landlord may periodically adjust the estimated monthly payment on the basis of Landlord’s experience, reasonably anticipated costs, or imposition of any new tax or assessment pursuant to Section 9 above. At Landlord’s option, some or all Operating Expenses may be paid by Tenant in arrears. Landlord shall not be required to pay to Tenant any interest or earnings on amounts paid to Landlord pursuant to this Section.
Estimated Monthly Payments. Subject to the provisions of Section 7.01 hereof, the estimated Management Fee and Expenses to be paid by the Partnership as set forth in the Annual Business Plan shall be paid as follows: the Partnership shall pay to Manager on or before the 15th of each month during each fiscal year of the Partnership a monthly disbursement equal to the sum of (i) the estimated Management Fee for such month, and (ii) one-twelfth (1/12th) (or, in the case of the Partnership’s 1993 fiscal year, one-sixth (1/6)) of the estimated fiscal year Division Expenses and Miscellaneous Expenses all as set forth in the Annual Business Plan.
Estimated Monthly Payments. During each calendar year of the Term after the Base Year, Tenant shall pay Landlord, in advance concurrently with each monthly payment of Base Rent, 1/12th of Landlord's good-faith estimate of the EOE to be payable by Tenant for such calendar year. By April 30th of the next calendar year, or as soon thereafter as practical, Landlord shall furnish Tenant a statement of actual Operating Expenses for the prior calendar year. Provided no uncured Event of Default then exists hereunder (and no condition exists which, with the passage of time or giving of notice, would become an Event of Default), Landlord shall promptly refund any overpayment to Tenant for the prior calendar year (or, at Landlord's option, apply such amount against Rent due or to become due hereunder). Likewise, Tenant shall, within 30 days of Landlord's invoice, pay Landlord any underpayment for the prior calendar year. The foregoing obligations shall survive the Expiration Date. Landlord may alter its billing procedures at any time, including adjusting estimated EOE based on actual or expected increases in Operating Expenses. In no event shall Base Rent be reduced if Operating Expenses for any calendar year are less than Operating Expenses for the Base Year.
Estimated Monthly Payments. Tenant shall pay to Landlord an amount estimated by Landlord to be Tenant's share of operating costs and property taxes payable pursuant to this subparagraph (b) for the then current year. Such payment shall be made on the first day of each month during the term, commencing on the date the term commences or on the first day of the month following the month the term commences if the term commences on a day other than the first day of the month, and shall be one-twelfth (1/12th) of the operating costs and property taxes which are estimated to be payable for the then current year. Landlord shall calculate such sum payable hereunder based upon the operating costs and property taxes paid by Landlord during the respective year immediately preceding the year in which the payment is to be made hereunder. Landlord shall have the right to increase such calculations from time to time based upon any changes in operating costs and property taxes.
Estimated Monthly Payments. I agree to make my estimated minimum monthly payment by the 10th of each month. Failure to pay two monthly budget payments will result in termination of this agreement.
