Comparative Statement definition

Comparative Statement means a statement, in writing signed by the Landlord, or on its behalf by an officer of any corporation acting as its managing agent, showing (i) a comparison of (a) Real Estate Taxes for the Base Year with (b) Projected Real Estate Taxes for the upcoming Subsequent Year, (ii) if the Tenant paid additional rent pursuant to this Article with respect to the immediately preceding Subsequent Year as a result of Increase in Real Estate Taxes, any adjustment necessitated by a variance between Projected Real Estate Taxes for such immediately preceding Subsequent Year (as shown in the current Comparative Statement) and the actual Real Estate Taxes for such immediately preceding Subsequent Year (as shown in the last Comparative Statement) and (iii) the Operating Expense Payment for the then current Subsequent Year. At the request of the Tenant, the Comparative Statement shall be accompanied by a copy of the most recent statement for real estate taxes for the premises received by Landlord from the City of New York.
View Source
Comparative Statement means a statement, in writing signed by the Landlord, or on its behalf by an officer of any corporation acting as its managing agent, showing (i) a comparison of (a) Real Estate Taxes for the Base Year with (b) Projected Real Estate Taxes for the upcoming Subsequent Year, (ii) if the Tenant paid additional rent pursuant to this Article with respect to the immediately preceding Subsequent Year as a result of Increase in Real Estate Taxes, any adjustment necessitated by a variance between Projected Real Estate Taxes for such immediately preceding Subsequent Year (as shown in the current Comparative Statement) and the actual Real Estate Taxes for such immediately preceding Subsequent Year (as shown in the last Comparative Statement) and (iii) the Operating Expense Payment for the then current Subsequent Year. At the request of
View Source
Comparative Statement means a statement, in writing signed by the Landlord or, on its behalf by an officer of any corporation acting as its managing agent, showing (i) a comparison of (a) Real Estate Taxes for the Base Year with (b) Projected Real Estate Taxes for the upcoming Subsequent Year, (ii) if the Tenant paid additional rent pursuant to this Article with respect to the immediately preceding Subsequent Year as a result of Increase in Real Estate Taxes, any adjustment necessitated by a variance between Projected Real Estate Taxes for such immediately preceding Subsequent Year (as shown in the last Comparative Statement) and the actual Real Estate Taxes for such immediately preceding Subsequent Year (as shown in the current Comparative Statement), (iii) the Operating Expense Payment for the 12-month period beginning on the November 1st in question and (iv) the Fuel Oil Escalation for the 12-month period beginning on the November 1st in question. At the request of the Tenant, the Comparative Statement shall be accompanied by a copy of the most recent statement for real estate taxes for the premises received by Landlord from the City of New York.
View Source

Examples of Comparative Statement in a sentence

  • Until a different Comparative Statement shall be submitted as above provided, the monthly installments or rent payable under this lease due to an Increase in Projected Real Estate Taxes shall continue to be increased by such amount; however, notwithstanding any other provision herein, the failure of the Landlord to submit a Comparative Statement in any Subsequent Year shall not affect the amounts payable by Tenant as Operating Expense Payment in such Subsequent Year.

  • The failure of the Landlord to furnish a Comparative Statement shall be without prejudice to the right of the Landlord to furnish a Comparative Statement at any time in the future.

  • Financial Comparative Statement / Evaluation Report of the “Responsive Proposals” shall be prepared by the Procurement Committee in the following manner: Subsequently, the prepared Financial Evaluation Report shall duly be signed by all the members of the Procurement Committee.

  • Pending the determination of such dispute, Tenant shall pay additional rent in accordance with such Comparative Statement and such payment shall be without prejudice to Tenant's position and to the Tenant's rights to a refund of any overpayment.

  • The failure of the Landlord to furnish a CPI Comparative Statement shall be without prejudice to the right of the Landlord to furnish a CPI Comparative Statement at any time in the future.

  • Prior to April 1, 2001, and on or before that day in each Subsequent Year, the Landlord will furnish a Comparative Statement to the Tenant.

  • When the Landlord shall furnish the Tenant with any Comparative Statement in accordance with this Article which shall show an Increase in Projected Real Estate Taxes, then commencing April 1, 2001, and on April 1 of each Subsequent Year in question, in addition to the increase in rent attributable to the Operating Expense Payment for such Subsequent Year, the rent payable under the lease shall be increased by the Tenant's Proportionate Share of the increase in the Projected Real Estate Taxes.

  • Pending the determination of such dispute by agreement of arbitration as aforesaid, Tenant shall pay additional rent in accordance with the CPI Comparative Statement and such payment shall be without prejudice to Tenant's position and to the Tenant's rights to a refund of any overpayment.

  • The Tenant or its authorized representative shall have a right to examine the books of the Landlord showing the Real Estate Taxes with respect to the building during regular business hours for the purpose of verifying the information set forth in any Comparative Statement relating to any Increase in Real Estate Taxes shown in such Comparative Statement; provided that a written request for such inspection is made by the Tenant within 120 days of the receipt of any such Comparative Statement.

  • If the dispute shall be determined in Tenant's favor, Landlord shall within five business days after Landlord's receipt of the notice of such determination, pay Tenant the amount of Tenant's overpayment of additional rent resulting from compliance with such Comparative Statement.

Related to Comparative Statement

  • Comparative Financial Status Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • CMSA Comparative Financial Status Report The monthly report in "Comparative Financial Status Report" format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "Comparative Financial Status Report" available as of the Closing Date on the CMSA website, is reasonably acceptable to the Master Servicer or the Special Servicer, as applicable.

  • CREFC® Comparative Financial Status Report The monthly report in “Comparative Financial Status Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • comparative price means the price after the factors of a non-firm price and all unconditional discounts that can be utilized have been taken into consideration;

  • E-Statement means an electronic version of daily confirms, monthly, quarterly or annual statements, and shareholder tax statements created with investor transaction data housed on DST’s TA2000® mutual fund record keeping system, with images available online via a secure web site.