Common use of Operating Expense Payments Clause in Contracts

Operating Expense Payments. Landlord shall deliver to Tenant a reasonable written estimate of Operating Expenses for each calendar year during the Term ("Annual Estimate"), which may be reasonably revised by Landlord from time to time during such calendar year. Beginning on the Rent Commencement Date (but subject to the rental abatement described in Section 4(a)), Tenant shall pay Landlord on or before the first day of each calendar month during the Term hereof an amount equal to 1/12th of Tenant's Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

Operating Expense Payments. Landlord shall deliver to Tenant a reasonable written estimate of Operating Expenses for each calendar year during the Term ("“Annual Estimate"”), which may be reasonably revised by Landlord from time to no more than one time during such calendar year. Beginning on the Rent Commencement Date (but subject to the rental abatement described in provisions of Section 4(a)), Tenant shall pay Landlord on or before the first day of each calendar month during the Term hereof an amount equal to 1/12th of Tenant's ’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.