Examples of Accounting Year in a sentence
Should any Accounting Year contain less than twelve (12) calendar months, said Concession Space Rent shall be prorated based on a three hundred sixty (360) day year.
If County determines, based on the performance criteria specified in this section, that a Concession performed unsatisfactorily during the prior Accounting Year, County will provide written notice to Tenant.
Tenant agrees for each Accounting Year to pay the greater of a) Base Rent or b) Percentage Rent, as Concession Space Rent payable monthly in arrears, on or before the fifteenth (15) day of each calendar month without prior demand or notice.
However, in no event will the annual adjustment result in Base Rent being reduced by any adjustment from the amount charged during the prior Accounting Year, and any increase to the annual adjustment will not be more than five percent (5%) above the amount charged during the prior Accounting Year.
If Tenant has paid less than the amount required to be paid as Concession Space Rent or Additional Rent for such Accounting Year, County will invoice the difference and will be due 30 days from the invoice date.