Common use of percent Clause in Contracts

percent. Tenant's Pro-rata Share" shall mean the same percentage that the gross square foot area of Tenant's leased premises bears to the gross square foot area of all leasable floor area within the property. Landlord shall notify Tenant of any change in "Tenant's Pro-rata Share". Landlord shall notify Tenant from time to time of the amounts which Landlord estimates will be payable by Tenant for Tenant's Pro-rata Share of Utilities, Taxes and Common Area expenses and Tenant shall pay such amounts to Landlord in equal monthly installments in advance on or before the first day of each month. Within a reasonable period of time following the end of each calendar year, or fiscal year (with regard to taxes) Landlord shall submit to Tenant a statement showing the Utilities, Taxes and Common Area expenses to be paid by Tenant with respect to such year, the amount paid by Tenant, and the amount of the resulting balance due or overpayment. Each such statement shall be final and conclusive if no objection is raised within ninety (90) days after submission of each such statement. Notwithstanding the forgoing provisions of the above paragraph, Landlord may require Tenant to pay in arrears Tenant's pro- rata share of Utilities, Taxes and Common Area expenses in quarterly or semi-annual payments rather than on a monthly basis as provided above.