Common use of Payment of Additional Rent Clause in Contracts

Payment of Additional Rent. (1) Upon commencement of this Lease, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date and the following December 31 and Tenant shall pay such estimated Additional Rent on a monthly basis, in advance, on the first day of each month. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated during the first year from the Commencement Date. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten (10) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due.

Appears in 2 contracts

Samples: Lease Agreement (Vixel Corp), Lease Agreement (Mohawk Industries Inc)

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Payment of Additional Rent. (1) Upon commencement During the last month of this Leasethe Base Year and each calendar year thereafter, or as soon thereafter as practicable, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date and the following December 31 calendar year, and Tenant shall pay such estimated Additional Rent on a monthly basis, in advance, on the first day of each month. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement ("EXPENSE STATEMENT") showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated during the first year from the Commencement Date. If the total of the monthly payments of Additional Rent that Tenant has made for the 15 prior calendar year is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten fifteen (1015) days after receipt of such statement Expense Statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due.

Appears in 1 contract

Samples: Lease Agreement (Combichem Inc)

Payment of Additional Rent. (1) Upon commencement of this Lease, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date and the following December 31 and Tenant shall pay such estimated Additional Rent on a monthly basis, in advance, on basis concurrently with the first day payment of each monththe Base Rent. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April March 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated from the Commencement Date during the first year from the Commencement Dateyear. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year (or portion thereof during which this Lease was in effect) is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten (10) business days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due.

Appears in 1 contract

Samples: Lease Agreement (Accrue Software Inc)

Payment of Additional Rent. (1) Upon commencement of this Lease, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date and the following December 31 and Tenant shall pay such estimated Additional Rent on a monthly basis, in advance, on basis concurrently with the first day payment of each monththe Base Rent. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April March 1 of each calendar yearyear or as soon thereafter as Landlord is able to do so, Landlord shall endeavor to provide to Tenant a statement showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated from the Commencement Date during the first year from the Commencement Dateyear. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year (or portion thereof during which this Lease was in effect) is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten (10) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due.

Appears in 1 contract

Samples: Lease Agreement (Scios Inc)

Payment of Additional Rent. (1) Upon commencement of this Lease, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date and the following December 31 and Tenant shall pay such estimated Additional Rent on a monthly basis, in advance, on the first day of each month. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement (the "Expense Statement") showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated during the first year from the Commencement Date. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten (10) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due, or returned to Tenant in cash if no subsequent Additional Rent will be payable.

Appears in 1 contract

Samples: Lease Agreement (Corgentech Inc)

Payment of Additional Rent. (1) Upon commencement of this Lease, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date and the following December 31 and Tenant shall pay such estimated Additional Rent on a monthly basis, in advance, on basis concurrently with the first day payment of each monththe Base Rent. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April March 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement (the "Expense Statement") showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated from the Commencement Date during the first year from the Commencement Dateyear. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten twenty (1020) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due, or, if the overpayment is calculated after termination of this Lease, promptly returned by Landlord to Tenant.

Appears in 1 contract

Samples: Lease Agreement (Hybrid Networks Inc)

Payment of Additional Rent. (1) Upon commencement of this Lease, Landlord shall submit to Tenant an estimate of monthly Additional Rent Kent for the period between the Commencement Date and the following December 31 and Tenant shall pay such estimated Additional Rent Kent on a monthly basis, in advance, on the first day of each month. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement (the "Expense Statement") showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated during the first year from the Commencement Date. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten (10) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due, or returned to Tenant in cash if no subsequent Additional Rent will be payable.

Appears in 1 contract

Samples: Lease Agreement (Coulter Pharmaceuticals Inc)

Payment of Additional Rent. (1) Upon commencement During the last month of this Leasethe Base Year and each calendar year thereafter, or as soon thereafter as practicable, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date and the following December 31 calendar year, and Tenant shall pay such estimated Additional Rent on a monthly basis, in advance, on the first day of each month. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated during the first year from the Commencement Date. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten (10) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due.

Appears in 1 contract

Samples: Lease Agreement (Financial Engines, Inc.)

Payment of Additional Rent. (1) Upon commencement of this Lease, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date and the following December 31 and Tenant shall pay such estimated Additional Rent on a monthly basis, in advance, on basis concurrently with the first day payment of each monththe Base Rent. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April March 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated from the Commencement Date during the first year from the Commencement Dateyear. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten (10) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due.

Appears in 1 contract

Samples: Lease Agreement (PLX Technology Inc)

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Payment of Additional Rent. (1) Upon commencement of this LeaseBy April 15, 2000, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date and the following May 15, 2000 - December 31 31, 2000 and Tenant shall pay such estimated Additional Rent in advance on a monthly basis, in advance, on basis concurrently with the first day payment of each monththe Base Rent. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April March 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated from the Commencement Date during the first year from the Commencement Dateyear. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year (or portion thereof during which this Lease was in effect) is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten with thirty (1030) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next duepromptly refunded to Tenant no later than April 15.

Appears in 1 contract

Samples: Lease Agreement (MMC Networks Inc)

Payment of Additional Rent. (1) Upon commencement execution of this Lease, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date April 1, 1995 and the following December 31 and Tenant shall pay such estimated Additional Rent in advance on a monthly basis, in advance, on basis concurrently with the first day payment of each monththe Base Rent. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April March 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated from the Commencement Date during the first year from the Commencement Dateyear. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year (or portion thereof during which this Lease was in effect) is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten thirty (1030) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next duepromptly refunded to Tenant no later than April 15.

Appears in 1 contract

Samples: Lease Agreement (MMC Networks Inc)

Payment of Additional Rent. (1) Upon commencement of this LeaseOn or before the Rent Commencement Date, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Rent Commencement Date and the following December 31 and Tenant shall pay such estimated Additional Rent on a monthly basis, in advance, on the first day of each month. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated during the first year from the Rent Commencement Date. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten (10) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due.

Appears in 1 contract

Samples: Lease Agreement (General Magic Inc)

Payment of Additional Rent. (1i) Upon commencement of this Lease, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date and the following December 31 and Tenant shall pay such estimated Additional Rent on a monthly basis, in advance, on the first day of each month. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement (the "EXPENSE STATEMENT") showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated during the first year from the Commencement Date. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten (10) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due, or returned to Tenant in cash if no subsequent Additional Rent will be payable.

Appears in 1 contract

Samples: Lease Agreement (Corixa Corp)

Payment of Additional Rent. (1) Upon commencement execution of this Lease, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date October 15, 1994 and the following December 31 and Tenant shall pay such estimated Additional Rent in advance on a monthly basis, in advance, on basis concurrently with the first day payment of each monththe Base Rent. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April March 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated from the Commencement Date during the first year from the Commencement Dateyear. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year (or portion thereof during which this Lease was in effect) is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten thirty (1030) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next duepromptly refunded to Tenant no later than April 15.

Appears in 1 contract

Samples: Lease Agreement (Globalcenter Inc)

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