Common use of Annual Adjustment Clause in Contracts

Annual Adjustment. Within ten (10) days after the receipt of Landlord's statement showing the total amount paid in advance by Tenant and a copy of the insurance bills showing the actual monies paid or to be paid by Landlord, there shall be an adjustment between Landlord and Tenant. Tenant shall pay to Landlord on demand the difference between the amount paid by Tenant and the actual amount due. If the total amount paid by Tenant hereunder for any such calendar year shall exceed such actual amount due from Tenant for such calendar year, the excess shall be credited by Landlord against any amounts then due and owing by Tenant to Landlord and any remaining net surplus shall then be refunded by Landlord to Tenant. Failure of Tenant to pay Tenant's Insurance Costs in the manner and time provided herein shall constitute an event of default hereunder.

Annual Adjustment. Within ten (10) days after the receipt of Landlord's statement showing the total amount paid in advance by Tenant and a copy of the insurance paid tax bills showing the actual monies taxes paid or to be paid by Landlord, there shall be an adjustment between Landlord and Tenant. Tenant shall pay to Landlord on demand the difference between the amount paid by Tenant and the actual amount due. If the total amount paid by Tenant hereunder for any such calendar year shall exceed such actual amount due from Tenant for such calendar year, the excess shall be credited by Landlord against any amounts then due and owing by Tenant to Landlord Landlord, and any remaining net surplus shall then be refunded by Landlord to Tenant. , Failure of Tenant to pay Tenant's Insurance Costs Pro Rata Share of Real Estate Taxes in the manner and time provided herein shall constitute an event of default hereunder.

Annual Adjustment. Within ten (10) days after the receipt of Landlord's statement showing the total amount paid in advance by Tenant and a copy of the insurance paid tax bills showing the actual monies taxes paid or to be paid by Landlord, there shall be an adjustment between Landlord and Tenant. Tenant shall pay to Landlord landlord on demand the difference between the amount paid by Tenant and the actual amount due. If the total amount paid by Tenant hereunder for any such calendar year shall exceed such actual amount due from Tenant for such calendar year, the excess shall be credited by Landlord against any amounts then due and owing by Tenant to Landlord Landlord, and any remaining net surplus shall then be refunded by Landlord to Tenant. Failure of Tenant to pay Tenant's Insurance Costs Pro Rata Share of Real Estate Taxes in the manner and time provided herein shall constitute an event of default hereunder.

Annual Adjustment. Within ten (10) days after the receipt of Landlord's statement showing the total amount paid in advance by Tenant and a copy of the insurance Common Area Maintenance bills showing the actual monies paid or to be paid by Landlord, there shall be an adjustment between Landlord and Tenant. Tenant shall pay to Landlord on demand the difference between the amount paid by Tenant and the actual amount due. If the total amount paid by Tenant hereunder for any such calendar year shall exceed such actual amount due from Tenant for such calendar year, the excess shall be credited by Landlord against any amounts then due and owing by Tenant to Landlord and any remaining net surplus shall then be refunded by Landlord to Tenant. Failure of Tenant to pay Tenant's Insurance Common Area Maintenance Costs in the manner and time provided herein shall constitute an event of default hereunder.

Annual Adjustment. Within ten (10) days after the receipt of Landlord's statement showing the total amount paid in advance by Tenant and a copy cop of the insurance Common Area Maintenance bills showing the actual monies paid or to be paid by Landlord, there shall be an adjustment between Landlord and Tenant. Tenant shall pay to Landlord on demand the difference between the amount paid by Tenant and the actual amount due. If the total amount paid by Tenant hereunder for any such calendar year shall exceed such actual amount due from Tenant for such calendar year, the excess shall be credited by Landlord against any amounts then due and owing by Tenant to Landlord and any remaining net surplus shall then be refunded by Landlord to Tenant. Failure of Tenant to pay Tenant's Insurance Common Area Maintenance Costs in the manner and time provided herein shall constitute an event of default hereunder.

Annual Adjustment. Within ten (10) days after the receipt of Landlord's statement showing the total amount paid in advance by Tenant and a copy of the insurance paid tax bills showing the actual monies taxes paid or to be paid by Landlord, there shall be an adjustment between Landlord and Tenant. Tenant shall pay to Landlord on demand the difference between the amount paid by Tenant and the actual amount due. If the total amount paid by Tenant hereunder for any such calendar year shall exceed such actual amount due from Tenant for such calendar year, the excess shall be credited by Landlord against any amounts then due and owing by Tenant to Landlord Landlord, and any remaining net surplus shall then be refunded by Landlord to Tenant. Failure of Tenant to pay Tenant's Insurance Costs Pro Rata Share of Real Estate Taxes in the manner and time provided herein shall constitute an event of default hereunder.