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

• The three teachers rotate various subjects and groups among themselves, and refer to this method of teaching as “rotation.” After this occurred, Student was still in Ms. Lam’s classroom for about 75 per cent of each school day, and she knows him well.

• Nothing herein contained shall restrict Landlord from issuing a Landlord’s Statement at any time there is an increase in Pilot, Taxes or Operating Expenses during any payment period or any time thereafter.

• In the event of a termination of this Lease, any Additional Rent shall be paid or adjusted within thirty (30) days after submission of a Landlord’s Statement.

• If the amounts paid by Tenant pursuant to this Section exceed Tenant’s Adjusted Share of Operating Expenses for the previous calendar year, then Landlord shall credit the difference against the Rent next due and owing from Tenant; provided that, if the Lease term has expired, Landlord shall accompany Landlord’s Statement with payment for the amount of such difference.

• In addition, if it shall be determined (by agreement or arbitration) that Landlord overcharged Tenant by five percent (5%) or more of the charges referenced on Landlord’s Statement, then Landlord shall be responsible for the fees and expenses of the CPA, and Landlord shall reimburse Tenant, within thirty (30) days thereafter, for all third party fees and expenses incurred by Tenant in connection with its audit of Operating Expenses and such arbitration proceeding and such interest.

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 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.

Landlord’s Statement means an instrument containing a reasonable computation of any Overhead Rent due from or to Tenant itemized by expense category in reasonable detail, pursuant to the provisions of this Section 3.