Operating Expense Statement. As soon as practicable after the expiration of each Operating Year, Landlord shall make a final determination of Operating Expenses and the amounts of the Proportion thereof for such Operating Year, or (if applicable) broken portion thereof, and provide Tenant with an audited statement of Operating Expenses; and Landlord and Tenant agree to immediately make the appropriate readjustment and payments and repayments. Notices by Xxxxxxxx stating the amount of any estimate, re-estimate or determination of Operating Expenses, or the amount of the Proportion of Operating Expenses, or monthly instalments payable, need not include particulars of Operating Expenses. Provided, however, that upon request made within a reasonable time after receipt of such notice Tenant shall be entitled to inspect statements disclosing in reasonable detail the particulars of Operating Expenses, and the calculation of the amount of its Proportion of Operating Expenses and the books and records Landlord pertaining thereto.
Operating Expense Statement. Within two-hundred seventy (270) days after the end of each Operating Expense Year (including the Base Operating Expense Year), Landlord shall issue a statement of Operating Expenses for such Operating Expense Year, including a computation of Tenant’s Operating Expense Payment for such Operating Expense Year (an “Operating Expense Statement”). If Tenant’s Estimated Operating Expense Payments shall have been less than Tenant’s Operating Expense Payment (including, if by reason of the requirement that Tenant pay the Adjusted Operating Expense Payment Amount), the deficiency shall be payable by Tenant to Landlord within thirty (30) days after receipt of such Operating Expense Statement. If Tenant’s Estimated Operating Expense Payment shall have been more than Tenant’s Operating Expense Payment (including, if by reason of the requirement that Tenant pay the Adjusted Operating Expense Payment Amount), the overpayment (together with interest thereon at (x) the Prime Rate if the amount of the overpayment is 3% or more but less than 5% and (y) the Interest Rate if the amount of the overpayment is 5% or more), shall, subject to the last sentence of Section 4.03B(ii), at Landlord’s option, be credited by Landlord against Tenant’s next subsequent payments of Rent or paid to Tenant together with such Operating Expense Statement.
Operating Expense Statement. 7.3.1. Within ninety (90) days after the end of each Operating Year, Landlord shall furnish Tenant an Operating Expense Statement. Within thirty (30) days following the receipt of the Operating Expense Statement, Tenant shall pay Landlord (or Landlord shall credit to Tenant) any deficiency (or excess) between the Monthly Expense Payments paid on account of the preceding Operating Year's Operating Expense Adjustment and the actual Operating Expense Adjustment for such Operating Year.
Operating Expense Statement. Landlord will provide to Tenant, in --------------------------- reasonable detail, an operating expense statement for the previous year, no later than 150 days after the close of each fiscal year. If Landlord shall fail to provide such a statement for Tenant's review, Tenant shall not be responsible for any monies owed to the Landlord as additional rent for the previous year.
Operating Expense Statement. After the end of each Operating Expense Year, Landlord shall issue an annual statement of Operating Expenses for such Operating Expense Year (and shall endeavor to do so within one hundred eighty (180) days after the end of each Operating Expense Year), including a computation of Tenant’s Operating Expense Payment for such Operating Expense Year (an “Operating Expense Statement”). If Tenant’s payments under Section 3.02(b)(2) above on account of Tenant’s Estimated Operating Expense Payment shall have been less than Tenant’s Operating Expense Payment as shown on such Operating Expense Statement, the deficiency shall be payable by Tenant to Landlord within fifteen (15) days after receipt of such Operating Expense Statement. If Tenant’s payments under Section 3.02(b)(2) above on account of Tenant’s Estimated Operating Expense Payment shall have been more than Tenant’s Operating Expense Payment as shown on such Operating Expense Statement, the excess shall be paid by Landlord to Tenant within thirty (30) days following the issuance of such Operating Expense Statement.
Operating Expense Statement. The “Operating Expense Statement” attached hereto as Exhibit ”H” and by this reference made a part hereof is, in every material respect, a complete, true, and accurate list and description of all income and all operating expenses and other financial and expense information relating to the rental, operation, management, and maintenance of the Property during the period from January 1, 2003 through March 31, 2004.
Operating Expense Statement. Notwithstanding any provision contained in this Lease to the contrary, after the end of each calendar year, including the year in which the Term expires, Lessor shall give Lessee a detailed statement, prepared in accordance with generally accepted accounting principles (the "STATEMENT"), setting forth the actual taxes and actual Operating Expenses for that calendar year, the estimated Operating Expenses actually paid by Lessee for that calendar year, and the amount, if any, due to Lessor from Lessee for that calendar year. If the Lessee's actual pro rata share of the Operating Expenses exceeds the Lessee's pro rata share of the estimated Operating Expenses for that year, Lessee shall pay to Lessor the excess amount due within thirty (30) days after receiving such Statement. If the Lessee's pro rata share of the actual Operating Expenses is less than the Lessee's estimated Operating Expenses paid for that year, Lessor shall pay to Lessee the difference within thirty (30) days after furnishing Lessee with such Statement. Lessor shall use its reasonable efforts to deliver to Lessee notice of any actual Operating Expense adjustment within one hundred eighty (180) days after the closing of any calendar year.
Operating Expense Statement. An operating expense statement certified by Seller to be a complete and correct list and description of operating expenses relating to Seller's ownership, operation, management and maintenance of the Subject Property since September 1, 2000.
Operating Expense Statement. After the end of each Operating Expense Year, Landlord shall issue a statement of Building Operating Expenses, CAM Operating Expenses and the BID Assessment for such Operating Expense Year, including a computation of Tenant's Operating Expense Payment for such Operating Expense Year (an "Operating Expense Statement"). If Tenant's payments under subsection 3.2(b)(ii) above on account of Tenant's Operating Expense Payment shall have been less than Tenant's Operating Expense Payment, the deficiency shall be payable by Tenant to Landlord within ten (10) days after receipt of such Operating Expense Statement. If Tenant's payments under subsection 3.2(b)(ii) above on account of Tenant's Operating Expense Payment shall have been more than Tenant's Operating Expense Payment, the overpayment (together with interest on such overpayment if such overpayment shall be by more than five percent (5%), at the Interest Rate calculated on the amount of such overpayment from the date that Tenant shall have overpaid to the date Landlord shall credit to Tenant such overpayment), shall be credited by Landlord against Tenant's subsequent payments due under Sections 3.1 and Section 3.2 or promptly paid to Tenant.
Operating Expense Statement. Seller has delivered to Purchaser an “Operating Expense Statement” prepared on a cash basis which is a complete, true, and accurate list and description of all income received and all operating expenses paid during the period from January 1, 2007 through August 31, 2010.
