Expense Year definition

Expense Year means each calendar year in which any portion of the Lease Term falls, through and including the calendar year in which the Lease Term expires, provided that Landlord, upon notice to Tenant, may change the Expense Year from time to time to any other twelve (12) consecutive month period, and, in the event of any such change, Tenant’s Share of Direct Expenses shall be equitably adjusted for any Expense Year involved in any such change.

Expense Year has the meaning set forth in Section 13.

Expense Year means each calendar year in which any portion of the Lease Term falls, through and including the calendar year in which the Lease Term expires.

Examples of Expense Year in a sentence

• On or about the Rent Commencement Date, and as soon as possible after the beginning of each "Expense Year" (which shall mean each [AS APPLICABLE [calendar] [fiscal] year in which any portion of the Term falls, through and including the [calendar] [fiscal] year in which the Lease Term expires), Landlord shall provide Tenant with an estimate of the Operating Expenses.

• Such overpayments or underpayments shall be deemed to have accrued during the prior Expense Year and shall be credited to Tenant or become due and payable from Tenant, as the case may be, even though the Term of this Lease may have expired or this Lease may have been terminated prior to Xxxxxx’s receipt of the statement.

• As soon as possible after the end of the Expense Year, Landlord shall provide Tenant with a written statement of the actual Operating Expense, the amount of Tenant’s share thereof for such Expense Year, and the payments made by Tenant for such Expense Year.

• Such fraction shall have as its numerator the number of months which have elapsed in such current Expense Year, including the month of such payment, and twelve (12) as its denominator.

• Payments for any fractional calendar month or Expense Year shall be Prorated.

More Definitions of Expense Year

Expense Year means each calendar year in which any portion of the Lease Term falls, through and including the calendar year in which the Lease Term expires, provided that Landlord, upon notice to Tenant, may change the Expense Year from time to time to any other twelve (12) consecutive month period, and, in the event of any such change, Tenant's Share of Building Direct Expenses shall be equitably adjusted for any Expense Year involved in any such change.

Expense Year has the meaning set forth in Section 9.02.

Expense Year means each calendar year (other than the Base Year and any preceding calendar year) in which any portion of the Term occurs.

Expense Year means each Calendar Year.

Expense Year means each twelve (12) consecutive month period commencing January 1 of the calendar year during which the Commencement Date of the Lease occurs, provided that Landlord, upon notice to Tenant, may change the Expense Year from time to time to any other twelve (12) consecutive month period, and, in the event of any such change, Tenant’s Share of Expenses shall be equitably adjusted for the Expense Years involved in any such change.

Expense Year means each Calendar Year, provided that Landlord, upon notice to Tenant, may change the Expense Year from time to time to any other twelve (12) consecutive-month period, and, in the event of any such change, Tenant's Share of Direct Expenses shall be equitably adjusted for any Expense Year involved in any such change.

Expense Year means four consecutive fiscal quarters.