Common use of Additional Rent - Operating Expenses Clause in Contracts

Additional Rent - Operating Expenses. Tenant covenants and agrees to pay to Landlord, as additional rent, Tenant’s Percentage Share of Landlord’s Operating Expenses (hereafter defined) for each of Landlord’s calendar years, or ratable portion thereof, included in the Lease Term. Tenant shall make estimated payments on account of Operating Expenses in monthly installments on the first day of each month in advance, based on amounts reasonably estimated from time to time by Landlord, and with a final payment adjustment between the parties within 14 days after Landlord provides Tenant a statement of Landlord’s Operating Expenses and Tenant’s Share of such Operating Expenses over Base Operating Expenses for Landlord’s most recent calendar year. This section shall survive the expiration or earlier termination of this Lease.