STATEMENTS FOR TENANTS AND PAYMENTS Sample Clauses

STATEMENTS FOR TENANTS AND PAYMENTS. Tenant shall pay to Landlord as additional charges one twelfth (1/12) of Tenant's Share of the increase in Taxes and Operating Costs for each Computation Year, in advance, in an amount estimated by Landlord and billed by Landlord to Tenant; provided that Landlord shall have the right initially to determine monthly estimates and to revise such estimate from time to time. With reasonable promptness after Landlord has received the tax bills and other operating cost support for any Computation Year, Landlord shall furnish Tenant with a statement (herein called "Landlord's Statement") showing a comparison of the Base Taxes and Operating Costs Amount to the amount of Taxes and Operating Costs for such Computation Year, and Tenant's Share of the increase in Taxes and Operating Costs. If the actual increase in Taxes and Operating Costs for such Computation Year exceed the estimated Taxes and operating Costs paid by Tenant for such Computation Year, Tenant shall pay to Landlord the difference between the amount paid by Tenant and the actual increase in Taxes and Operating Costs within fifteen (15) days after the receipt of Landlord's Statement, and if the total amount paid by Tenant for any such Computation Year shall exceed the actual increase in Taxes and Operating Costs for such Computation Year, such excess shall be credited against the next installments of Taxes and Operating Costs due from Tenant to Landlord hereunder.
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Related to STATEMENTS FOR TENANTS AND PAYMENTS

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  • Covenants of Sellers Sellers covenant and agree as follows:

  • Covenants and Agreements of the Parties The Parties agree to the following covenants:

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  • Operating Statements In the case of each Mortgage Loan, the related Mortgage or another Mortgage Loan document requires the related Mortgagor, in some cases at the request of the lender, to provide the holder of such Mortgage Loan with at least quarterly operating statements and rent rolls (if there is more than one tenant) for the related Mortgaged Property and annual financial statements of the related Mortgagor, and with such other information as may be required therein.

  • Covenants and Additional Agreements 5.1. ACCESS; CONFIDENTIALITY.

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