Additional Rent Statement definition

Additional Rent Statement means a statement furnished by Landlord to Tenant setting forth the amount payable by Tenant in respect of Taxes for a specified Tax Year or in respect of Expenses for an Operating Year (as the case may be) pursuant to this Article 3.
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Additional Rent Statement means a detailed statement certified by an officer or general partner of landlord or an outside third-party accountant of the actual amount of Additional Rent due from Tenant for the previous calendar year to be delivered and reconciled as provided below.
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Additional Rent Statement means Additional Rent Statement as defined in Paragraph 7(b).
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Examples of Additional Rent Statement in a sentence

  • The Tenant shall have the right, within six (6) months of its receipt of a Final Additional Rent Statement, to audit the Landlord’s allocation of Operating Costs and/or Taxes or the items included therein.

  • Tenant and its representatives may at any reasonable time within six (6) months after the date of receipt of any Additional Rent Statement, inspect and audit the books and records of Landlord respecting the Additional Rent Statement.

  • Ideally, the selection camps will be held in conjunction with a nationally tournament where possible.

  • Should an audit show that any Additional Rent Statement was inaccurate, the parties will make an adjustment to reflect the actual Tenant’s Share of Operating Expenses, Insurance and Taxes for the year in question.

  • Within 60 days after such records are made available to Tenant (the “Objection Period”), Tenant may deliver to Landlord notice (an “Objection Notice”) stating with reasonable specificity any objections to the Additional Rent Statement, in which event Landlord and Tenant shall work together in good faith to resolve Tenant’s objections.

  • If Subtenant does not commence alternative dispute resolution procedures or submit the matter to a court of competent jurisdiction within sixty (60) days after the end of the Dispute Period, then the Additional Rent Statement shall be conclusive and final.

  • If Tenant’s estimated payments of Operating Costs or Taxes for such year are less than Tenant’s share of such items as indicated in the Additional Rent Statement, then Tenant shall promptly pay Landlord such deficiency not later than thirty (30) days after Tenant’s receipt of the Additional Rent Statement.

  • I found it difficult to say good-bye to my co-workers, the Board, and the Election inspectors.

  • Landlord shall endeavor to give to Tenant, on or before the first day of March of each year during the Lease Term: (1) an Estimated Additional Rent Statement setting forth any estimated Additional Rent, if any, for the 12-month period immediately following the period covered by the last Estimated Additional Rent Statement; and (2) a statement ("Additional Rent Statement") of the Operating Expenses and Additional Rent, if any, payable and/or paid by Tenant for the prior Lease Year.

  • Special Purpose Statements of Xxxxxxonal Rent for the Years Ended 1989-1999 as prepared by Arthur Andersen LLP, showing the Additional Rent determination for txx xxxrx xxxxxxd by such statement (the "Additional Rent Statement").

Related to Additional Rent Statement

  • Additional Rental has the meaning set forth in Section 4.03.

  • Additional Rent(s) means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

  • Landlord’s Statement means an instrument or instruments containing a comparison of any increase or decrease in the Rent for the preceding Comparison Year pursuant to the provisions of this Article 28.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Gross Rent means the rent for a set-aside unit, including any applicable utility allowances, in compliance with the rent limits applicable to the property for 2020. Gross rent does include optional fees included in the household’s lease, including but not limited to, washer/dryer, cable, parking, etc., as long as they are included in the lease or addendums to the lease. In addition, when a utility that is purchased from or through a local utility company by the Development, who in turn bills residents for actual consumption of the utility will also be eligible when the applicable utility allowance for the Development includes a deduction for the utility and the household’s lease specifies that the resident is responsible for the utility.

  • Payment Statement As defined in Section 6.01 hereof.

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Net Rent means all rental Landlord actually receives from any reletting of all or any part of the Premises, less any indebtedness from Tenant to Landlord other than Rent (which indebtedness is paid first to Landlord) and less the Re-entry Costs (which costs are paid second to Landlord).

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Supplemental Rent means all amounts, liabilities and obligations (other than Basic Rent) which the Lessee assumes or agrees to pay to the Lessor, the Trust Company, the Holders, the Agent, the Lenders or any other Person under the Lease or under any of the other Operative Agreements including without limitation payments of the Termination Value and the Maximum Residual Guarantee Amount and all indemnification amounts, liabilities and obligations.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Adjustment Statement has the meaning set forth in Section 2.6(a).

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $32.50 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per SqFt First Floor Per SqFt Drive Thru TotalPer Annum TotalPer Month 1 $ 32.50 $ 7.50 $ 151,512.00 $ 12,626.00

  • Settlement Statement has the meaning set forth in Section 3.2(a).

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Rent Schedule means a written schedule for the Mortgaged Property showing the name of each tenant, and for each tenant, the space occupied, the lease expiration date, the rent payable for the current month, the date through which rent has been paid, and any related information requested by Lender.

  • RENT ADJUSTMENT Any amounts owed by Tenant for payment of Operating Expenses. The Rent Adjustments shall be determined and paid as provided in Article Four.

  • Percentage Rent As defined in Subsection 3.1(b).

  • Interim Rent means the pro-rata portion of Rent due for the period from the Commencement Date through but not including the first day of the first full Rent Interval included in the Initial Term.

  • Tenant’s Share means the percentage set forth in Section 6 of the Summary.

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.