Definition of Tenant's Projected Share of Increase


Tenant's Projected Share of Increase means Tenant's Proportionate Share of Increase as reasonably estimated by Landlord for the ensuing Operating Year. Tenant shall pay to Landlord in equal monthly installments together with its payment of fixed rent one-twelfth (1/12) of Tenant's Projected Share of Increase as Additional Rent.

Examples of Tenant's Projected Share of Increase in a sentence

If such Operating Statement furnished by Landlord to Tenant hereunder shall indicate that the Operating Expense Payment exceeded Tenant's Projected Share of Increase for the then Operational Year, Tenant shall pay the amount of such excess to Landlord within thirty (30) days thereafter.
If such statement furnished by Landlord to Tenant hereunder shall indicate that the Tenant's Proportionate Share of Increase exceeded Tenant's Projected Share of Increase for the then Operational Year, Tenant shall forthwith pay the amount of such excess to Landlord.
Commencing with the first Operational Year after Landlord shall be entitled to receive Tenant's Proportionate Share of Increase, Tenant shall pay to Landlord as additional rent for the then Operational Year, Tenant's Projected Share of Increase.
If the statement furnished by Landlord to Tenant pursuant to Section 5.05 at the end of the then Operational Year shall indicate that Tenant's Projected Share of Increase exceeded Tenant's Proportionate Share of Increase, Landlord shall forthwith either (a) pay the amount of excess directly to Tenant concurrently with the notice or (b) permit Tenant to credit the amount of such excess against the subsequent payment of rent due hereunder.
Commencing with the first Operational Year after Landlord shall be entitled to receive Tenant's Proportionate Share of Increase, Tenant shall pay to Landlord as additional rent for the then Operational year, Tenant's Projected Share of Increase.