Common use of Adjustment for Variation Between Estimated and Actual Clause in Contracts

Adjustment for Variation Between Estimated and Actual. If ▇▇▇▇▇▇’s Proportionate Share of Operating Costs for any calendar year exceeds the payments received by Landlord towards Tenant’s Proportionate Share of Estimated Operating Costs for such year, Tenant shall pay to Landlord Tenant’s Proportionate Share of the Operating Costs Adjustment within thirty (30) days after the date of the Landlord’s Cost Statement. If the Tenant’s Proportionate Share of Operating Costs for any calendar year is less than the payments received by Landlord towards Tenant’s Proportionate Share of Estimated Operating Costs for such year, then Landlord, at Landlord’s option, shall either (a) pay Tenant’s Proportionate Share of the Operating Costs Adjustment to Tenant in cash within thirty (30) days after the date of ▇▇▇▇▇▇▇▇’s Cost Statement, or (b) credit said amount against future installments of Estimated Operating Costs payable by Tenant hereunder. If the Term commences or terminates at any time other than the first day of a calendar year, ▇▇▇▇▇▇’s Proportionate Share of the Operating Costs Adjustment shall be calculated based upon the exact number of calendar days during such calendar year that fall within the Term, and any payment by Tenant or Landlord required hereunder shall be paid even if the Term has expired when such determination is made.

Adjustment for Variation Between Estimated and Actual. If ▇▇▇▇▇▇’s Proportionate Share of Operating Costs for any calendar year Calendar Year exceeds the payments received by Landlord towards Tenant’s Proportionate Share of Estimated Operating Costs for such year, Tenant shall pay to Landlord Tenant’s Proportionate Share of the Operating Costs Adjustment within thirty (30) days after the date delivery of the Landlord’s Cost Statement. If the Tenant’s Proportionate Share of Operating Costs for any calendar year Calendar Year is less than the payments received by Landlord towards Tenant’s Proportionate Share of Estimated Operating Costs for such year, then Landlord, at Landlord’s option, shall either (a) pay Tenant’s Proportionate Share of the Operating Costs Adjustment to Tenant in cash within thirty (30) days after the date of ▇▇▇▇▇▇▇▇’s Cost Statementcash, or (b) credit said amount against future installments of Estimated Operating Costs Rent payable by Tenant hereunder. If the Term commences or terminates at any time other than the first day of a calendar yearCalendar Year, ▇▇▇▇▇▇’s Proportionate Share of the Operating Costs Adjustment shall be calculated based upon the exact number of calendar days during such calendar year Calendar Year that fall within the Term, and any payment by Tenant or Landlord ▇▇▇▇▇▇ required hereunder shall be paid even if the Term has expired when such determination is made.