Common use of Comparative Statements Clause in Contracts

Comparative Statements. Payments. On or before April 30 (or as soon thereafter as practicable) of each calendar year during the term hereof, and any renewals and extensions thereof, Landlord shall furnish to Tenant a statement of Operating Expenses prepared by Landlord setting forth, in reasonable detail: (1) Operating Expenses for the preceding calendar year, (2) the Operating Expense Increase for the-preceding calendar year, (3) the amount, if any paid by Tenant to Landlord during the preceding calendar year on account of said 103 Operating Expense Increase, (4) the amount due by Tenant on account of The Operating Expense Increase, and (5) the Monthly Increase. Payment of the additional rent due on account of the Operating Expense Increase for the preceding calendar year shall be made by Tenant within fifteen (15) days after receipt by Tenant of such statement. Tenant shall also make payments to Landlord, on account of the Operating Expense Increase for the then current calendar year, as follows: (1) On the first day of the first month following receipt by Tenant of the annual statement, Tenant shall pay to Landlord an amount equal to the Monthly Increase multiplied by the number of months fully or partially elapsed in the current calendar year (including the month in which the payment is made), less any payments which may have been made for such elapsed months pursuant to Subparagraph 5.5(c) below; (2) Commencing on the first day of the second month following receipt by Tenant of the annual comparative statement, and continuing until the receipt by Tenant of the next annual statement, the minimum monthly installments of rent due hereunder shall be increased by an amount equal to the Monthly Increase, subject to the provisions set forth in Subparagraph 5.5 (c) below. Any overpayment by Tenant of additional rent due on account of the Operating Expense Increase shall be adjusted by a credit to Tenant given contemporaneously with the furnishing of the next comparative statement.

Comparative Statements. Payments. On or before April 30 (or as soon thereafter as practicable) of each calendar year during the term hereof, and any renewals and extensions thereof, Landlord shall furnish to Tenant a statement of Operating Expenses prepared by Landlord setting forth, in reasonable detail: (1) Operating Expenses for the preceding calendar year, (2) the Operating Expense Increase for the-the preceding calendar year, (3) the amount, if any any, paid by Tenant to Landlord during the preceding calendar year on account of said 103 Operating Expense Increase, (4) the amount due by Tenant on account of The the Operating Expense Increase, and (5) the Monthly Increase. Payment of the additional rent due on account of the Operating Expense Increase for the preceding calendar year shall be made by Tenant within fifteen (15) days after receipt by Tenant of such statement. Tenant shall also make payments to Landlord, on account of the Operating Expense Increase for the then current calendar year, as follows: (1) On the first day of the first month following receipt by Tenant of the annual statement, Tenant shall pay to Landlord an amount equal to the Monthly Increase multiplied by the number of months fully or partially elapsed in the current calendar year (including the month in which the payment is made), less any payments which may have been made for such elapsed months pursuant to Subparagraph 5.5(c) below; (2) Commencing on the first day of the second month following receipt by Tenant of the annual comparative statement, and continuing until the receipt by Tenant of the next annual statement, the minimum monthly installments of rent due hereunder shall be increased by an amount equal to the Monthly Increase, subject to the provisions set forth in Subparagraph 5.5 (c5.5(c) below. Any overpayment by Tenant of additional rent due on account of the Operating Expense Increase shall be adjusted by a credit to Tenant given contemporaneously with the furnishing of the next comparative statement.

Comparative Statements. Payments. On or before April 30 (or as soon thereafter as practicable) of each calendar year during the term hereof, and any renewals and extensions thereof, Landlord shall furnish to Tenant a statement of Operating Expenses prepared by Landlord setting forth, in reasonable detail: (1) Operating Expenses for the preceding calendar year, (2) the Operating Expense Increase for the-the preceding calendar year, (3) the amount, if any paid by Tenant to Landlord during during, the preceding calendar year on account of said 103 Operating Expense Increase, (4) the amount due by Tenant on account of The the Operating Expense Increase, and (5) the Monthly Increase. Payment of the additional rent due on account of the Operating Expense Increase for the preceding calendar year shall be made by Tenant within fifteen (15) days after receipt by Tenant of such statement. Tenant shall also make payments to Landlord, on account of the Operating Expense Increase for the then current calendar year, as follows: (1) On the first day of the first month following receipt by Tenant of the annual statement, Tenant shall pay to Landlord an amount equal to the Monthly Increase multiplied by the number of months fully or partially elapsed in the current calendar year (including the month in which the payment is made), less any payments which may have been made for such elapsed months pursuant to Subparagraph 5.5(c) below; (2) Commencing on the first day of the second month following receipt by Tenant of the annual comparative statement, and continuing until the receipt by Tenant of the next annual statement, the minimum monthly installments of rent due hereunder shall be increased by an amount equal to the Monthly Increase, subject to the provisions set forth in Subparagraph 5.5 (c5.5(c) below. Any overpayment by Tenant of additional rent due on account of the Operating Expense Increase shall be adjusted by a credit to Tenant given contemporaneously with the furnishing of the next comparative statement.