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

  • If the aggregate of Tenant’s monthly payments of estimated Additional Rent for the Final Additional Rent Period are less than Tenant’s actual Additional Rent for such period as set forth in the Final Additional Rent Statement, then Tenant shall pay to Landlord the amount of such underpayment.

  • If ▇▇▇▇▇▇’s monthly payments of estimated Additional Rent for the Final Additional Rent Period are more than Tenant’s actual Additional Rent for such period as set forth in the Final Additional Rent Statement, Landlord shall pay to Tenant the amount of such excess payments, less any amounts then owed to Landlord.

  • If Tenant’s monthly payments of estimated Additional Rent for the Final Additional Rent Period are more than Tenant’s actual Additional Rent for such period as set forth in the Final Additional Rent Statement, Landlord shall pay to Tenant the amount of such excess payments, less any amounts then owed to Landlord.

  • Any underpayment by Tenant shall be paid to Landlord within thirty (30) days after delivery of the Tenant’s Additional Rent Statement, notwithstanding that such statement may be delivered subsequent to the expiration or termination of this Lease; any overpayment shall be credited against the next installment of Rent due, provided that any overpayment shall be paid to Tenant within thirty (30) days after the Expiration Date.

  • 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.

  • 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.

  • If the actual amount of Additional Rent owed by Subtenant exceeds the estimated amount paid by Subtenant, Subtenant shall pay such excess to Landlord within ten (10) days of receipt by Subtenant of the Additional Rent Statement or the end of the Dispute Period (as defined below).

  • At the end of each calendar year during the Term (including, if applicable, the Extension Period) and at the termination of the Sublease, as soon as Landlord can determine the actual amount of Additional Rent owed by Subtenant for the preceding year (or, if applicable, portion thereof), Landlord shall give Subtenant written notice of such amount (the "Additional Rent Statement").

  • Even if there is a dispute as to any Additional Rent Statement, the Tenant shall pay fifty percent (50%) of the amount called for in such disputed Additional Rent Statement within the initial thirty (30) days after Tenant's receipt of the disputed Additional Rent Statement.

Related to Additional Rent Statement

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

  • Additional Rents 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 ▇▇▇▇▇▇’▇ wages or otherwise.

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • 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);