Common use of Statement of Estimated Direct Expenses Clause in Contracts

Statement of Estimated Direct Expenses. In addition, Landlord shall endeavor to give Tenant a yearly expense estimate statement (the “Estimate Statement”) which shall set forth Landlord’s reasonable estimate (the “Estimate”) of what the total amount of Direct Expenses for the then-current Expense Year shall be (subject to the limitations of Section 4.3.1). The failure of Landlord to timely furnish the Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect all or any portion of the Estimate under this Article 4. Tenant shall pay, with its next installment of Base Rent due, a fraction of the Estimate for the then-current Expense Year (reduced by any amounts paid pursuant to the last sentence of this Section 4.3.3). Such fraction shall have as its numerator the number of months which have elapsed in such current Expense Year to the month of such payment, both months inclusive, and shall have twelve (12) as its denominator. Until a new Estimate Statement is furnished, Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to one-twelfth ( 1/12) of the total Estimate set forth in the previous Estimate Statement delivered by Landlord to Tenant.

Statement of Estimated Direct Expenses. In addition, Landlord shall endeavor to may give Tenant a yearly expense estimate statement (the “"Estimate Statement”") which Estimate Statement shall set forth Landlord’s 's reasonable estimate (the “"Estimate”") of what the total amount of Direct Expenses payable by Tenant for the then-current Expense Year shall be (subject to the limitations of Section 4.3.1"Estimated Payments"). The failure of Landlord to timely furnish the Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect all or any portion of the Estimate Estimated Payments under this Article 4. Tenant shall pay, with its next installment of Base Rent duedue after receipt of a revised Estimate Statement, a fraction of the Estimate Estimated Payments for the then-current Expense Year (reduced Year, less any prior payments made by any amounts paid pursuant to the last sentence of Tenant under this Section 4.3.3)4.4.3. Such fraction shall have as its numerator the number of months which have elapsed in such current Expense Year to the month of such payment, both months inclusive, and shall have twelve (12) as its denominator. Until a new Estimate Statement is furnishedfurnished (which Landlord shall have the right to deliver to Tenant at any time), Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to one-twelfth ( (1/12) of the total Estimate Estimated Payments set forth in the previous Estimate Statement delivered by Landlord to Tenant.

Statement of Estimated Direct Expenses. In addition, Landlord shall endeavor to give Tenant a yearly expense estimate statement (the “"Estimate Statement”") which shall set forth Landlord’s 's reasonable estimate (the “"Estimate”") of what the total amount of Direct Expenses for the then-current Expense Year shall be (subject to the limitations of Section 4.3.1)Year. The failure of Landlord to timely furnish the Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect all or any portion of the Estimate under this Article 4. Commencing on the Commencement Date, Tenant shall pay, with its next installment of Base Rent due, a fraction of the Estimate for the then-current Expense Year (reduced by any amounts paid pursuant to the last sentence of this Section 4.3.34.4.3). Such fraction shall have as its numerator the number of months which have elapsed in such current Expense Year to the month of such payment, both months inclusive, and shall have twelve (12) as its denominator. Until a new Estimate Statement is furnished, Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to one-twelfth ( (1/12) of the total Estimate set forth in the previous Estimate Statement delivered by Landlord to Tenant.

Statement of Estimated Direct Expenses. In addition, Landlord shall endeavor have the option, but not the obligation, to give Tenant a yearly expense estimate statement (the “"Estimate Statement”") which shall set forth Landlord’s 's reasonable estimate (the “"Estimate”") of what the total amount of Direct Expenses for the then-current Expense Year shall be (subject to the limitations of Section 4.3.1"Estimated Expense"). The failure of If Landlord exercises its option to timely furnish the so provide Tenant with an Estimate Statement for any Expense Year shall not preclude Landlord from enforcing its rights to collect all or any portion of the Estimate under this Article 4. Statement, Tenant shall pay, with its next installment of Base Rent due, a fraction of the Estimate Estimated Expense for the then-current Expense Year (reduced by any amounts paid pursuant to the last sentence of this Section 4.3.3). Such fraction shall have as its numerator the number of months which have elapsed in such current Expense Year to the month of such payment, both months inclusive, and shall have twelve (12) as its denominator. Until a new Estimate Statement is furnished, Tenant shall pay monthly, with the monthly Base Rent installments, an amount equal to one-twelfth ( (1/12) of the total Estimate Estimated Expense set forth in the previous Estimate Statement delivered by Landlord to Tenant.. 4.4