Common use of Beginning of Term Clause in Contracts

Beginning of Term. If this Lease commences on a day other than the first day of a calendar year, the amount of any adjustment between Estimated Operating Expenses and Actual Operating Expenses Allocable to the Premises with respect to the calendar year in which such commencement occurs shall be prorated by multiplying the adjustment by a fraction, the numerator of which is the number of days from the commencement of this Lease to the end of the calendar year and the denominator of which is 365 or 366, as applicable; and any amount due shall be payable within thirty (30) days after delivery by Landlord to Tenant of the statement of Actual Operating Expenses Allocable to the Premises with respect to such calendar year.