Expense Statement. Upon the Commencement Date, Landlord shall submit to Tenant an estimate of monthly Additional Rent for the period between the Commencement Date and the following December 31 and Tenant shall pay such estimated Additional Rent on a monthly basis, in advance, on the first day of each month. Tenant shall continue to make said monthly payments until notified by Landlord of a change therein. By April 1 of each calendar year, Landlord shall endeavor to provide to Tenant a statement (the “Expense Statement”) showing the actual Additional Rent due to Landlord for the prior calendar year, to be prorated during the first year from the Commencement Date. If the total of the monthly payments of Additional Rent that Tenant has made for the prior calendar year is less than the actual Additional Rent chargeable to Tenant for such prior calendar year, then Tenant shall pay the difference in a lump sum within ten (10) days after receipt of such statement from Landlord. Any overpayment by Tenant of Additional Rent for the prior calendar year shall be credited towards the Additional Rent next due.
Expense Statement. Acquiror shall have received from Target a statement of all out-of-pocket expenses incurred by Target which are subject to the limitation described in Section 5.19 hereto.
Expense Statement. At least three (3) Business Days prior to the contemplated Closing Date, SPAC and the Company shall each deliver to the other a written statement setting forth a complete and accurate schedule of its good faith estimate of, in respect of SPAC, each Unpaid SPAC Expense, and in respect of the Company, each Unpaid Company Expense, as of the Closing Date.
Expense Statement. As soon as reasonably practical after the end of each calendar year, Landlord shall provide to Tenant an annual Expense Statement which shall include a statement of Landlord's actual Operating Expenses for the previous year (subject to adjustment as provided in subsection 6.e.) and Landlord’s actual Property Taxes for the previous year. If the total in the annual Expense Statement reveals that Tenant paid more for Additional Rent than the actual amount due in the year for which such statement was prepared, then Landlord shall promptly credit (or reimburse, if the Lease has terminated and Tenant is not in default) Tenant for such excess. Likewise, if Tenant paid less than the actual amount due, then Tenant shall pay Landlord such deficiency within ten (10) days of receipt of Landlord’s Expense Statement. This provision applies only to Tenant's Additional Rent and shall never require a refund or credit of Base Rent.
Expense Statement. At least five (5) Business Days prior to the contemplated Closing Date, Acquiror shall deliver to the Company a written statement setting forth Acquiror’s good faith estimate of each Unpaid Acquiror Expense as of the Closing Date.
Expense Statement. If the Lease Term has expired and Tenant has vacated the Premises, when the final determination is made of Tenant's Proportionate Share of Operating Expenses of the year in which this Lease Tenant shall pay any increase due over the estimated expensed paid within twenty (20) days after receipt of a notice from Landlord, and, conversely, any overpayment by Tenant shall be immediately rebated by Landlord.
Expense Statement. At least three (3) Business Days prior to the Closing Date, DHHC shall deliver to the Company a written statement setting forth a complete and accurate schedule of DHHC’s good faith estimate of each Unpaid DHHC Expense as of the Closing Date. At least three (3) Business Days prior to the Closing Date, the Company shall deliver to DHHC a written statement setting forth a complete and accurate schedule of its good faith estimate of the Unpaid Company Expenses as of the Closing Date.
Expense Statement. At least five (5) Business Days prior to the contemplated Closing Date, CPUH and the Company shall each deliver to the other a written statement setting forth a complete and accurate schedule of its good faith estimate of, in respect of CPUH, each Unpaid CPUH Expense, and in respect of the Company, each Unpaid Company Expense, as of the Closing Date.
Expense Statement. Landlord shall furnish to Tenant, on or before April 30 of each calendar year during the term hereof, a statement (the "Expense Statement") prepared by Landlord or its agent or accountants setting forth for the previous calendar year: (A) the Operating Expenses as adjusted by paragraph 4.1 (vi) (2); (B) the Base Operating Expenses; (C) Tenant's Percentage of Operating Expenses; (D) Tenant's Share of Operating Expenses; (E) Tenant's Estimated Share of Operating Expenses which has been paid, if any; and (E) a statement of the amount due to Landlord, or to be credited to Tenant, as a final adjustment in respect of Tenant's Share of Operating Expenses for the previous calendar year (the "Final Expense Adjustment"). The Final Expense Adjustment shall be calculated by subtracting Tenant's Estimated Share of Operating Expenses from the Tenant's Share of Operating Expenses. On the first day of the first calendar month following delivery of the Expense Statement to Tenant, Tenant shall pay to Landlord the Final Expense Adjustment calculated as set forth in the Expense Statement. If the Final Expense Adjustment establishes that Tenant's Estimated Share of Operating Expenses exceed Tenant's Share of Operating Expenses, then Landlord shall credit Tenant with the amount thereof against the next payment of minimum rent due by Tenant hereunder, except that with respect to the last year of the Lease, if an Event of Default has not occurred, Landlord shall refund Tenant the amount of such payment in respect of the Final Expense Adjustment within thirty (30) days after Landlord provides the Expense Statement for such final year of the Lease. In no event, however, shall Tenant be entitled to receive a credit greater than the payments made by Tenant as payments of the Estimated Share of Operating Expenses for the calendar year to which the Final Expense Adjustment relates.
Expense Statement. Landlord shall deliver to Tenant on or before the first day of April following the end of each Expense Year a statement (“Statement”) stating the Direct Expenses incurred or accrued for the preceding Expense Year and the amount paid by Tenant relating thereto. If the amount paid by Xxxxxx is less than the amount due, Xxxxxx agrees to pay such deficiency to Landlord within fifteen (15) days after receipt of the Statement. If the amount paid by Tenant for the prior year exceeds the amount due from Tenant, such overage shall be credited to amounts due from Tenant for the current year or, if the Expense Year occurs at the end of the Term, Landlord shall pay such amount directly to Tenant within fifteen (15) days after Xxxxxx’s receipt of the Statement. Xxxxxxxx’s failure to furnish the Statement for any Expense Year in a timely manner shall not prejudice Landlord or Tenant from enforcing its rights under this Article 4. The foregoing obligation shall survive the end of the Term for Direct Expenses accruing before the end of the Term. If Tenant defaults under this Lease, Landlord may apply any funds in the security deposit to any obligation then due under this Lease without waiving any other remedy available under the Lease or applicable law.
