Common use of Payment of Estimated Operating Cost Share Rent Clause in Contracts

Payment of Estimated Operating Cost Share Rent. Landlord shall estimate the Operating Costs of the Project (including Taxes, as defined below) by April 1 of each Fiscal Year, or as soon as reasonably possible thereafter. Landlord may revise these estimates whenever it obtains more accurate information, such as the final real estate tax assessment or tax rate for the Project. Within ten (10) days after receiving the original or revised estimate from Landlord, Tenant shall pay Landlord one-twelfth (l/12th) of Tenant’s Proportionate Share of the estimated Operating Costs, multiplied by the number of months that have elapsed in the applicable Fiscal Year to the date of such payment including the current month, minus payments previously made by Tenant for the months elapsed. On the first day of each month thereafter, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant’s Proportionate Share of this estimate, until a new estimate becomes applicable.

Payment of Estimated Operating Cost Share Rent. Landlord shall estimate the Operating Costs of the Project (including Taxes, as defined below) by April 1 of each Fiscal Yearfiscal year, or as soon as reasonably possible thereafter. In the event such estimate cannot be made by April 1 Landlord shall notify Tenant. Landlord may revise these estimates whenever it obtains more accurate information, such as on the final real estate tax assessment or tax rate for the Project. Within ten (10) days after receiving the original or revised estimate from Landlord, Tenant shall pay Landlord one-twelfth (l/12th1/12th) of Tenant’s 's Proportionate Share of the estimated Operating Coststhis estimate, multiplied by the number of months that have elapsed in the applicable Fiscal Year fiscal year to the date of such payment including the current month, minus payments previously made by Tenant for the months elapsed. On the first day of each month thereafter, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant’s 's Proportionate Share of this estimate, until a new estimate becomes applicable.

Payment of Estimated Operating Cost Share Rent. Landlord shall estimate the Operating Costs of the Project (including Taxes, as defined below) by April 1 May 15 of each Fiscal Year, or as soon as reasonably possible thereafter. Landlord may revise these estimates whenever it obtains more accurate information, such as the final real estate tax assessment or tax rate for the Project, but if such revisions by Landlord increase the Operating Costs, not more than once per Fiscal Year. Within ten (10) 10 days after receiving the original or revised estimate from Landlord, Tenant shall pay Landlord one-twelfth (l/12th) 1/12th of Tenant’s Proportionate Share of the estimated Operating Costs, multiplied by the number of months that have elapsed in the applicable Fiscal Year to the date of such payment including the current month, minus payments previously made by Tenant for the months elapsed. On the first day of each month thereafter, Tenant shall pay Landlord one-twelfth (1/12th) 1/12th of Tenant’s Proportionate Share of this estimate, until a new estimate becomes applicable.applicable {W1007584.6} 5 3641172.v9

Payment of Estimated Operating Cost Share Rent. Landlord shall reasonably estimate the Operating Costs of the Project (including Taxes, as defined below) by April 1 of each Fiscal Yearfiscal year, or as soon as reasonably possible thereafter, but in no event later than May 1 of each fiscal year. Landlord may revise these estimates whenever it obtains more accurate information, such as the final real estate tax assessment or tax rate for the Projectbut in no event more than one (1) time during any calendar year. Within ten thirty (1030) days after receiving the original or revised estimate from Landlord, Tenant shall pay Landlord one-twelfth (l/12th1/12th) of Tenant’s Proportionate Share of the estimated Operating Coststhis estimate, multiplied by the number of months that have elapsed in the applicable Fiscal Year fiscal year to the date of such payment including the current month, minus payments previously made by Tenant for the months elapsed. On the first day of each month thereafter, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant’s Proportionate Share of this estimate, until a new estimate becomes applicable.

Payment of Estimated Operating Cost Share Rent. Landlord shall estimate the Operating Costs of the Project (including Taxes, as defined below) by April 1 of each Fiscal Year, or as soon as reasonably possible thereafter. Landlord may revise these estimates whenever it obtains more accurate information, such as the final real estate tax assessment or tax rate for the Project. Within ten (10) days after receiving the original or revised estimate from Landlord, Tenant shall pay Landlord one-twelfth (l/12th1/12th) of Tenant’s 's Proportionate Share of the estimated Operating Costs, multiplied by the number of months that have elapsed in the applicable Fiscal Year to the date of such payment including the current month, minus payments previously made by Tenant for the months elapsed. On the first day of each month thereafter, Tenant shall pay Landlord one-twelfth (1/12th) of Tenant’s 's Proportionate Share of this estimate, until a new estimate becomes applicable.

Payment of Estimated Operating Cost Share Rent. Landlord shall provide a reasonable, good faith estimate of the Operating Costs of the Project (including Taxes, as defined below) by April February 1 of each Fiscal Year, or as soon as reasonably possible thereafterYear based on a budget prepared by Landlord in accordance with standard industry and accounting practices. Landlord may revise these estimates whenever it obtains more accurate information, such as the final real estate tax assessment or tax rate for the Project. Within ten (10) 30 days after receiving the original or revised estimate from Landlord, Tenant shall pay Landlord one-twelfth (l/12th) l/12th of Tenant’s Proportionate Share of the estimated Operating CostsCosts for such year, multiplied by the number of months that have elapsed in the applicable Fiscal Year to the date of such payment including the current month, minus payments previously made by Tenant for the months elapsed. On Thereafter, on the first day of each month thereafter, Tenant shall pay Landlord one-twelfth (1/12th) 1/12th of Tenant’s Proportionate Share of this estimate, until a new estimate becomes applicableapplicable (“Operating Cost Share Rent”).