Landlord’s Statement definition

Landlord’s Statement. An instrument containing a computation of any Additional Rent due pursuant to the provisions of this Article 5.

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.

Landlord’s Statement means an instrument or instruments containing a comparison of either (i) the Base Taxes and the Taxes payable for any Comparison Year, or (ii) the Base Labor Rates and the Labor Rates applicable to any Comparison Year.

Examples of Landlord’s Statement in a sentence

• Within thirty (30) days after the issuance by the City of Xxxxxx or other applicable governmental authority of the bill for Taxes, Landlord shall submit to Tenant a copy of such bill, together with Landlord's Statement and Tenant shall pay the Additional Rent set forth on such Landlord's Statement (less the amount of estimated payments paid by Tenant on account thereof) as set forth herein.

• Each Landlord's Statement shall be conclusive and binding upon Tenant unless within sixty (60) days after receipt of such Landlord's Statement Tenant shall notify Landlord that it disputes the correctness of Landlord's Statement, specifying the respects in which Xxxxxxxx's Statement is claimed to be incorrect.

• If Xxxxxx makes a timely exception within the Review Period, Tenant shall nonetheless pay the amount shown on the Landlord's Statement in the manner prescribed in this Lease, without any prejudice to such exception, and any overpayments identified during any Tenant Audit, if any, shall be applied as a credit against the amount of Additional Rent owed by Tenant immediately following the Tenant Audit.

• Within one hundred eighty (180) days after the expiration of the Base Expense Year and each Expense Year, Landlord shall prepare and furnish Tenant with Landlord's Statement showing the Base Expenses or the Operating Expenses incurred during such Expense Year.

• During the sixty (60)-day period after receipt of any Landlord's Statement (the "Review Period"), Tenant may inspect and audit Landlord's records relevant to the cost and expense items reflected in such Landlord's Statement (a "Tenant Audit") at a reasonable time mutually agreeable to Landlord and Tenant during Landlord's usual business hours at the office of Xxxxxxxx's property manager.

More Definitions of Landlord’s Statement

Landlord’s Statement means either a Landlord’s Operating Statement or a Landlord’s Tax Statement.

Landlord’s Statement means an instrument containing a computation of Additional Rent due pursuant to the provisions of this Article 7 furnished by Landlord to Tenant.

Landlord’s Statement means an instrument setting forth the Operating Payment payable by Tenant for a specified Operating Year.

Landlord’s Statement means an instrument or instruments setting forth for a specified Operating Year, the Operating Payment payable by Tenant pursuant to this Article 3, including the other information required by this Lease to be included therein.

Landlord’s Statement means an instrument or instruments containing a comparison of the Base Tax Factor and the Tax Factor for any Tax Year.

Landlord’s Statement means an instrument or instruments containing a comparison of the Base Expense Factor and the Expense Factor for any Computation Year.

Landlord’s Statement. As defined in Section 4.2.4.