Landlord Statement definition
Examples of Landlord Statement in a sentence
If Sub-Subtenant continues to object to the Landlord Statement following completion of the audit, at least twelve (12) days prior to the date that Sub-Sublandlord must object to the Landlord’s statement under Section 4.3 of the Master Lease, Sub-Subtenant shall notify Sub-Sublandlord that it wishes for Sub-Sublandlord to object to the Landlord Statement, specifying the nature of the items in dispute, and promptly upon receipt of such notice Sub-Sublandlord shall make such objection.
Promptly upon receipt of such notice, Sub-Sublandlord shall notify Chinook that Sub-Sublandlord desires to examine Master ▇▇▇▇▇▇▇▇’s books and records as to the Landlord Statement (as defined in the Master Lease) in question and shall arrange to have Sub-Subtenant’s Accountant conduct the examination.
The Tenant shall pay to Landlord as Additional Rent for the Excess Costs of the amount specified in each Landlord Statement on the date Tenant gives authorization to the Landlord to proceed with construction.
No delay in providing the Landlord Statement shall act as a waiver of Landlord’s right to increase in payment pursuant to the Tax and Operating Expense Adjustment.
A copy of the Landlord Statement for the Sublease Base Year expenses shall be provided to Subtenant.
Within ten (10) days following substantial completion of the Improvements, Landlord will provide Tenant a statement ("Landlord Statement") setting forth the amount of the Tenant Improvement Allowance used to build out the Improvements.
Upon at least ten (10) business days’ notice, Landlord shall make available for examination or copying by the person or persons conducting such audit all books and records relevant to the Operating Expenses and Taxes covered by the Landlord Statement in question either at the Building or at Landlord’s principal place of business in Chicago, Illinois, as selected by Landlord.
A copy of the Landlord Statement for the Expansion Sublease Base Year expenses shall be provided to Subtenant.
Promptly upon receipt of such notice, Sublandlord shall notify Master Landlord that Sublandlord desires to examine Master Landlord’s books and records as to the Landlord Statement (as defined in the Master Lease) in question and shall arrange to have Subtenant’s Accountant conduct the examination.
Tenant shall have the right, for a period of one (1) year following its receipt of a Landlord Statement and final reconciliation thereof, to audit Landlord’s books and records relating to any Additional Rent charges set forth on the applicable Landlord Statement, by a certified public accounting firm, at Tenant’s sole cost, in accordance with the terms of this Section, upon reasonable advance written notice to Landlord.