Common use of Qualified Person Clause in Contracts

Qualified Person. If this Lease has expired, Landlord shall return the amount of such overpayment to Tenant within thirty (30) days after such reviews have been made. In the event that such results show that Tenant has underpaid its obligations for a preceding period, the amount of such underpayment shall be paid by Tenant to Landlord with the next succeeding installment obligation of estimated Operating Expenses. A “Qualified Person” means an accountant or other person experienced in accounting for income and expenses of industrial projects on terms which do not entail any compensation based or measured in any way upon any savings or increase in rent or reduction or increase in Operating Expenses achieved through the inspection process.

Appears in 1 contract

Samples: Lease Agreement (SolarMax Technology, Inc.)

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Qualified Person. If this Lease has expired, Landlord shall return the amount of such overpayment to Tenant within thirty (30) days after such reviews have been made. In the event that such results show that Tenant has underpaid its obligations for a preceding period, the amount of such underpayment shall be paid by Tenant to Landlord with the next succeeding installment obligation of estimated Operating Expenseswithin thirty (30) days after such review is made. A “Qualified Person” means an accountant or other person experienced in accounting for income and expenses of industrial office projects engaged solely on terms which do not entail any compensation based or measured in any way upon any savings or increase in rent or reduction or increase in Operating Expenses achieved through the inspection process.

Appears in 1 contract

Samples: Office Lease (Hippo Holdings Inc.)

Qualified Person. If this Lease has expired, Landlord shall return the amount of such overpayment to Tenant within thirty (30) days after such reviews have been made. In the event that such results show that Tenant has underpaid its obligations for a preceding period, the amount of such underpayment shall be paid by Tenant to Landlord with the next succeeding installment obligation of estimated Operating Expenses. A “Qualified Person” means an accountant or other person experienced in accounting for income and expenses of retail and industrial projects engaged solely on terms which do not entail any compensation based or measured in any way upon any savings or increase in rent or reduction or increase in Operating Expenses achieved through the inspection process.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Sears Hometown & Outlet Stores, Inc.)

Qualified Person. If this Lease has expired, Landlord shall return the amount of such overpayment to Tenant within thirty (30) days after such reviews have been made. In the event that such results show that Tenant has underpaid its obligations for a preceding period, the amount of such underpayment shall be paid by Tenant to Landlord with within thirty (30) days after the next succeeding installment obligation of estimated Operating Expensesdetermination. A "Qualified Person" means an accountant or other person experienced in accounting for income and expenses of industrial projects engaged solely by Tenant on terms which do not entail any compensation based or measured in any way upon any savings or increase in rent or reduction or increase in Operating Expenses achieved through the inspection process.

Appears in 1 contract

Samples: Lease Agreement (Bloom Energy Corp)

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Qualified Person. If this Lease has expired, Landlord shall return the amount of such overpayment to Tenant within thirty (30) days after such reviews have been made. In the event that such results show that Tenant has underpaid its obligations for a preceding period, the amount of such underpayment shall be paid by Tenant to Landlord with the next succeeding installment obligation of estimated Operating Expenses. A “Qualified Person” means an accountant or other person experienced in accounting for income and expenses of industrial projects engaged solely by Tenant on terms which do not entail any compensation based or measured in any way upon any savings or increase in rent or reduction or increase in Operating Expenses achieved through the inspection process.

Appears in 1 contract

Samples: Lease Agreement (Gores Holdings VIII Inc.)

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