Common use of Annual Settlement Clause in Contracts

Annual Settlement. Within ninety (90) days after the end of each calendar year or as soon after such ninety (90) day period as practicable, Landlord will deliver to Tenant a statement of amounts payable under Section 5.1, above, for such calendar year prepared and certified by Landlord. Such certified statement will be final and binding upon Landlord within thirty (30) days after it is given to Tenant. If such statement shows an amount owing by Tenant that is less than the estimated payments previously made by Tenant for such calendar year, the excess will be held by Landlord and credited against the next payment of Rent; however, if the Term has ended and Tenant was not in default at its end, Landlord will refund the excess payment previously made by Tenant for such calendar year, if such statement shows a balance due from Tenant, Tenant will pay the deficiency to Landlord within thirty (30) days after the delivery of such statement. Tenant may review Landlord's records of the Operating Expenses, at Tenant's sole cost and expense, at the place Landlord normally maintains such records during Landlord's normal business hours.

Annual Settlement. Within ninety (90) days As soon as practicable after the end of each calendar year or as soon after such ninety (90) day period as practicableyear, Landlord will deliver to Tenant a statement of amounts payable under Section 5.1, above, 5.1 for such calendar year prepared and certified by Landlord. Such certified statement will be final and binding upon Landlord and Tenant unless Tenant objects to it in writing to Landlord within thirty (30) 30 days after it is given to Tenant. If such statement shows an amount owing by Tenant that is less than the estimated payments previously made by Tenant for such calendar year, the excess will be held by Landlord and credited against the next payment of Rentrent; however, if the Term has ended and a Tenant was not in default at its end, Landlord will refund the excess payment to Tenant. If such statement shows an amount owing by Tenant that is more than the estimated payments previously made by Tenant for such calendar year, if such statement shows a balance due from Tenant, Tenant will pay the deficiency to Landlord within thirty (30) 30 days after the delivery of such statement. Tenant may review Landlord's records of the Operating Expensesoperating expenses, at Tenant's sole cost and expense, at the place Landlord normally maintains such records during Landlord's normal business hourshours up reasonable advance written notice.

Annual Settlement. Within ninety one hundred twenty (90120) days after the end of each calendar year or as soon after such ninety one hundred twenty (90120) day period as practicable, Landlord will deliver to Tenant a Tenanta statement of amounts payable under Section 5.1, above, for such calendar year prepared and certified by Landlord. Such certified statement will be final and binding upon Landlord within thirty (30) days after it is given to Tenant. If such statement shows an amount owing by Tenant that is less than the estimated payments previously made by Tenant for such calendar year, the excess will be held by Landlord and credited against the next payment of Rent; however, if the Term has ended and Tenant was not in default at its end, Landlord will refund the excess payment previously made by Tenant for such calendar year, if such statement shows a balance due from Tenant, Tenant will pay the deficiency to Landlord within thirty (30) days after the delivery of such statement. Tenant may review Landlord's ’s records of the Operating Expenses, at Tenant's ’s sole cost and expense, at the place Landlord normally maintains such records during Landlord's ’s normal business hours.

Annual Settlement. Within ninety one hundred twenty (90120) days after the end of each calendar year or as soon after such ninety one hundred twenty (90120) day period as practicable, Landlord will deliver to Tenant a statement of amounts payable under Section 5.1, above, for such calendar year prepared and certified by Landlord. Such certified statement will be final and binding upon Landlord within thirty (30) days after it is given to Tenant. If such statement shows an amount owing by Tenant that is less than the estimated payments previously made by Tenant for such calendar year, the excess will be held by Landlord and credited against the next payment of Rent; however, if the Term has ended and Tenant was not in default at its end, Landlord will refund the excess payment previously made by Tenant for such calendar year, if such statement shows a balance due from Tenant, Tenant will pay the deficiency to Landlord within thirty (30) days after the delivery of such statement. Tenant may review Landlord's ’s records of the Operating Expenses, at Tenant's ’s sole cost and expense, at the place Landlord normally maintains such records during Landlord's ’s normal business hours.