Common use of Reimbursement for Additional Charges Clause in Contracts

Reimbursement for Additional Charges. If Tenant (as opposed to ------------------------------------ Manager) pays or causes to be paid Additional Charges attributable to periods before the Commencement Date, Tenant shall provide Notice to Landlord of such amounts and, within fifteen (15) days thereafter, Landlord shall remit to Tenant the amount of such Additional Charges paid. If Tenant pays or causes to be paid Additional Charges attributable to periods after the end of the Term, Tenant may, within sixty (60) days after the end of the Term, provide Notice to Landlord of such amounts. Provided no uncured monetary Default or Event of Default then exists, Landlord shall reimburse Tenant for all payments of such Additional Charges that are attributable to any period after the expiration or earlier termination of the Term of this Lease within fifteen (15) days after its receipt of such Notice. Notwithstanding the foregoing, Tenant shall only be reimbursed to the extent such Additional Charges are not taken into account in the calculation and settlement of Working Capital accounts as set forth in Section 4.5. In the event Manager pays for Additional Charges attributable to periods before the Commencement Date, Tenant shall receive a payment as set forth in Section 3.1.6(g) below. Tenant shall reimburse Landlord within fifteen (15) days after receipt of Notice (which shall be given within sixty (60) days after the end of the Term) for any Additional Charges paid by Landlord attributable to periods during the Term for which Tenant received a credit in the settlement of Working Capital.

Appears in 3 contracts

Samples: Lease Agreement (HMC Merger Corp), Lease Agreement (Crestline Capital Corp), Lease Agreement (HMC Merger Corp)

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Reimbursement for Additional Charges. If Tenant (as ------------------------------------ opposed to ------------------------------------ Manager) pays or causes to be paid Additional Charges attributable to periods before the Commencement Date, Tenant shall provide Notice to Landlord of such amounts and, within fifteen (15) days thereafter, Landlord shall remit to Tenant the amount of such Additional Charges paid. If Tenant pays or causes to be paid Additional Charges attributable to periods after the end of the Term, Tenant may, within sixty (60) days after the end of the Term, provide Notice to Landlord of such amounts. Provided no uncured monetary Default or Event of Default then exists, Landlord shall reimburse Tenant for all payments of such Additional Charges that are attributable to any period after the expiration or earlier termination of the Term of this Lease within fifteen (15) days after its receipt of such Notice. Notwithstanding the foregoing, Tenant shall only be reimbursed to the extent such Additional Charges are not taken into account in the calculation and settlement of Working Capital accounts as set forth in Section 4.5. In the event Manager pays for Additional Charges attributable to periods before the Commencement Date, Tenant shall receive a payment as set forth in Section 3.1.6(g) below. Tenant shall reimburse Landlord within fifteen (15) days after receipt of Notice (which shall be given within sixty (60) days after the end of the Term) for any Additional Charges paid by Landlord attributable to periods during the Term for which Tenant received a credit in the settlement of Working Capital.

Appears in 2 contracts

Samples: Lease Agreement (Host Marriott L P), Lease Agreement (Host Marriott Corp/)

Reimbursement for Additional Charges. If Tenant Operating Lessee (as opposed to ------------------------------------ Manager) pays or causes to be paid Additional Charges attributable to periods before the Commencement Date, Tenant Operating Lessee shall provide Notice to Landlord Operating Lessor of such amounts and, within fifteen (15) days thereafter, Landlord Operating Lessor shall remit to Tenant Operating Lessee the amount of such Additional Charges paid. If Tenant Operating Lessee pays or causes to be paid Additional Charges attributable to periods after the end of the Term, Tenant Operating Lessee may, within sixty (60) days after the end of the Term, provide Notice to Landlord Operating Lessor of such amounts. Provided no uncured monetary Default or Event of Default then exists, Landlord Operating Lessor shall reimburse Tenant Operating Lessee for all payments of such Additional Charges that are attributable to any period after the expiration or earlier termination of the Term of this Lease within fifteen (15) days after its receipt of such Notice. Notwithstanding the foregoing, Tenant Operating Lessee shall only be reimbursed to the extent such Additional Charges are not taken into account in the calculation and settlement of Working Capital accounts as set forth in Section 4.55.3. In the event Manager pays for Additional Charges attributable to periods before the Commencement Date, Tenant Operating Lessee shall receive a payment as set forth in Section 3.1.6(g) below. Tenant Operating Lessee shall reimburse Landlord Operating Lessor within fifteen (15) days after receipt of Notice (which shall be given within sixty (60) days after the end of the Term) for any Additional Charges paid by Landlord Operating Lessor attributable to periods during the Term for which Tenant Operating Lessee received a credit in the settlement of Working Capital.

Appears in 1 contract

Samples: Lease Agreement (Sunstone Hotel Investors, Inc.)

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Reimbursement for Additional Charges. If Tenant (as opposed to ------------------------------------ Manager) pays or causes to be paid Additional Charges attributable to periods before the Commencement Date, Tenant shall provide Notice to Landlord of such amounts and, within fifteen (15) days thereafter, Landlord shall remit to Tenant the amount of such Additional Charges paid. If Tenant pays or causes to be paid property taxes or similar or other Additional Charges attributable to periods after the end of the Term, whether upon expiration or sooner termination of this Agreement (other than termination by reason of an Event of Default), Tenant may, within sixty (60) days a reasonable time after the end of the Term, provide Notice to Landlord of its estimate of such amounts. Provided no uncured monetary Default or Event of Default then exists, Landlord shall promptly reimburse Tenant for all payments of such taxes and other similar Additional Charges that are attributable to any period after the expiration or earlier termination of the Term of this Lease Agreement. -25- 3.2 Late Payment of Rent, Etc. If any installment of Minimum Rent, Additional Rent or Additional Charges (but only as to those Additional Charges which are payable directly to Landlord) shall not be paid within fifteen ten (1510) days after its receipt of such Notice. Notwithstanding the foregoingdue date, Tenant shall only be reimbursed pay Landlord, on demand, as Additional Charges, a late charge (to the extent permitted by law) computed at the Overdue Rate on the amount of such installment, from the due date of such installment to the date of payment thereof. To the extent that Tenant pays any Additional Charges directly to Landlord or any Facility Mortgagee pursuant to any requirement of this Agreement, Tenant shall be relieved of its obligation to pay such Additional Charges are to the Entity to which they would otherwise be due. If any payments due from Landlord to Tenant shall not taken into account in be paid within ten (10) days after its due date, Landlord shall pay to Tenant, on demand, a late charge (to the calculation and settlement extent permitted by law) computed at the Overdue Rate on the amount of Working Capital accounts as set forth in Section 4.5such installment from the due date of such installment to the date of payment thereof. In the event Manager pays for of any failure by Tenant to pay any Additional Charges attributable to periods before the Commencement Datewhen due, Tenant shall receive a promptly pay and discharge, as Additional Charges, every fine, penalty, interest and cost which is added for non-payment as set forth or late payment of such items. Landlord shall have all legal, equitable and contractual rights, powers and remedies provided either in Section 3.1.6(g) below. Tenant shall reimburse Landlord within fifteen (15) days after receipt this Agreement or by statute or otherwise in the case of Notice (which shall be given within sixty (60) days after the end non-payment of the Term) for any Additional Charges paid by Landlord attributable to periods during the Term for which Tenant received a credit as in the settlement case of Working Capital.non-payment of the Minimum Rent and Additional Rent. 3.3

Appears in 1 contract

Samples: Lease Agreement

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