Common use of Additional Rent Reconciliations Clause in Contracts

Additional Rent Reconciliations. After the end of each Calendar Year, Landlord will submit to Tenant a statement of the actual increases in Real Estate Taxes and Operating Expenses paid during the Fiscal Year which ended during such Calendar Year over the Real Estate Taxes and Operating Expenses which were paid during the Base Year, respectively. Such statement shall also indicate the amount of Tenant’s excess payment or underpayment of Additional Rent based on Landlord’s estimate described in Sections 2.3(a) and 2.3(b). If Additional Rent paid by Tenant during the preceding Calendar Year shall be in excess of, or less than, the aggregate of its share of the actual increase in Real Estate Taxes and Operating Expenses, Landlord and Tenant agree to make the appropriate adjustment following the submission of Landlord’s statement. Tenant shall either pay any Additional Rent due with the installment of Base Annual Rent due for the month following submission of Landlord’s statement, or pay any Additional Rent due within thirty (30) days if the Lease Term has expired or has otherwise been terminated. Tenant shall deduct its excess payment, if any, from the installment of Base Annual Rent due for the month following submission of Landlord’s statement, or following the expiration or earlier termination of the Lease Term. Tenant shall be reimbursed for any excess payments made, less any amounts then due Landlord under this Lease, upon demand.

Additional Rent Reconciliations. After the end of each Calendar Year, Landlord will submit to Tenant a an audited financial statement of the actual increases in Real Estate Taxes and Operating Expenses paid accruing during the Fiscal Year which ended during such Calendar Year over the Real Estate Taxes and Operating Expenses which were paid accrued during the Base Year, respectively. Such statement shall also indicate the amount of Tenant’s 's excess payment or underpayment of Additional Rent based on Landlord’s 's estimate described in Sections 2.3(a) and 2.3(b). If Additional Rent paid by Tenant during the preceding Calendar Year shall be in excess of, or less than, the aggregate of its share of the actual increase in Real Estate Taxes and Operating Expenses, Landlord and Tenant agree to make the appropriate adjustment following the submission of Landlord’s 's statement. Tenant shall either pay any Additional Rent due with the installment of Base Annual Rent due for the month following submission of Landlord’s 's statement, or pay any Additional Rent due within thirty (30) days if the Lease Term has expired or has otherwise been terminated. Tenant shall deduct its excess payment, if any, from the installment of Base Annual Rent due for the month following submission of Landlord’s 's statement, or following the expiration or earlier termination of the Lease Term. , Tenant shall be reimbursed for any excess payments made, less any amounts then due Landlord under this Lease, upon demand.

Additional Rent Reconciliations. After Within one hundred twenty (120) days -------------------------------- after the end of each Calendar Yearcalendar year, Landlord will submit to Tenant a an financial statement of the actual increases in Real Estate Taxes and Operating Expenses paid during the Fiscal Year which ended during such Calendar Year calendar year over the Real Estate Taxes and Operating Expenses which were paid during the Base Year, respectively. Such statement shall also indicate the amount of Tenant’s 's excess payment or underpayment of Additional Rent based on Landlord’s 's estimate described in Sections 2.3(a) and 2.3(b). If Additional Rent paid by Tenant during the preceding Calendar Year calendar year shall be in excess of, or less than, the aggregate of its share of the actual increase in Real Estate Taxes and Operating Expenses, Landlord and Tenant agree to make the appropriate adjustment following the submission of Landlord’s 's statement. Tenant shall either pay any Additional Rent due with the installment of Base Annual Rent due for the month following submission of Landlord’s 's statement, or pay any Additional Rent due within thirty (30) days if the Lease Term has expired or has otherwise been terminated. Tenant shall deduct its excess payment, if any, from the installment of Base Annual Rent due for the month or months if necessary following submission of Landlord’s 's statement, or following the expiration or earlier termination of the Lease Term. , Tenant shall be reimbursed within thirty (30) days thereafter for any excess payments made, less any amounts then due Landlord under this Lease, upon demand.

Additional Rent Reconciliations. After the end of each Calendar Year, Landlord will submit to Tenant a statement of the actual increases in Real Estate Taxes and Operating Expenses paid during the Fiscal Year which ended during such Calendar Year over the Real Estate Taxes and Operating Expenses which were paid during the Base Year, respectively. Such statement shall also indicate the amount of Tenant’s 's excess payment or underpayment of Additional Rent based on Landlord’s 's estimate described in Sections 2.3(a) and 2.3(b). If Additional Rent paid by Tenant during the preceding Calendar Year shall be in excess of, or less than, the aggregate of its share of the actual increase in Real Estate Taxes and Operating Expenses, Landlord and Tenant agree to make the appropriate adjustment following the submission of Landlord’s 's statement. , Tenant shall either pay any Additional Rent due with the installment of Base Annual Rent due for the month following submission of Landlord’s 's statement, or pay any Additional Rent due within thirty (30) days if the Lease Term has expired or has otherwise been terminated. Tenant shall deduct its excess payment, if any, from the installment of Base Annual Rent due for the month following submission of Landlord’s 's statement, or following the expiration or earlier termination of the Lease Term. , Tenant shall be reimbursed for any excess payments made, less any amounts then due Landlord under this Lease, upon demand.

Additional Rent Reconciliations. After Within approximately one hundred eighty (180) days after the end of each Calendar Year, but without forfeiture or waiver of Landlord’s right to Additional Rent if such deadline is not met, Landlord will submit to Tenant a an un-audited financial statement of the actual increases in Real Estate Taxes and Operating Expenses paid accruing during the Fiscal Year which ended during such Calendar Year over the Real Estate Taxes and Operating Expenses which were paid accrued during the Base Year, respectively. Such statement shall also indicate the amount of Tenant’s excess payment or underpayment of Additional Rent based on Landlord’s estimate described in Sections 2.3(a) and 2.3(b). If Additional Rent paid by Tenant during the preceding Calendar Year shall be in excess of, or less than, the aggregate of its share of the actual increase in Real Estate Taxes and Operating Expenses, Landlord and Tenant agree to make the appropriate adjustment following the submission of Landlord’s statement. Tenant shall either pay any Additional Rent due with the installment of Base Annual Rent due for the month following submission of Landlord’s statement, or pay any Additional Rent due within thirty (30) days if the Lease Term has expired or has otherwise been terminated. Tenant shall deduct its excess payment, if any, from the installment of Base Annual Rent due for the month following submission of Landlord’s statement, or following the expiration or earlier termination of the Lease Term. , Tenant shall be reimbursed for any excess payments made, less any amounts then due Landlord under this Lease, upon demand.

Additional Rent Reconciliations. After the end of each Calendar Year, and within one hundred eighty (180) days thereof, but without forfeiture or waiver of Landlord's rights to Additional Rent if such deadline is not met,; Landlord will submit to Tenant a an audited financial statement of the actual increases in Real Estate Taxes and Operating Expenses paid accruing during the Fiscal Year which ended during such Calendar Year over the Real Estate Taxes and Operating Expenses which were paid accrued during the Base Year, respectively. Such statement shall also indicate the amount of Tenant’s 's excess payment or underpayment of Additional Rent based on Landlord’s 's estimate described in Sections 2.3(a) and 2.3(b). If Additional Rent paid by Tenant during the preceding Calendar Year shall be in excess of, or less than, the aggregate of its share of the actual increase in Real Estate Taxes and Operating Expenses, Landlord and Tenant agree to make the appropriate adjustment following the submission of Landlord’s 's statement. Tenant shall either pay any Additional Rent due with the installment of Base Annual Rent due for the month following submission of Landlord’s 's statement, or pay any Additional Rent due within thirty (30) days if the Lease Term has expired or has otherwise been terminated. Tenant shall deduct its excess payment, if any, from the installment of Base Annual Rent due for the month following submission of Landlord’s 's statement, or following the expiration or earlier termination of the Lease Term. , Tenant shall be reimbursed by Landlord without the need for notice or request for any excess payments made, less any amounts then due Landlord under this Lease, upon demand.

Additional Rent Reconciliations. After the end of each Calendar Year, Landlord will submit to Tenant a an audited financial statement of the actual increases in Real Estate Taxes and Operating Expenses paid during the Fiscal Year which ended during such Calendar Year over the Real Estate Taxes and Operating Expenses which were paid during the Base Year, respectively. Such statement shall also indicate the amount of Tenant’s 's excess payment or underpayment of Additional Rent based on Landlord’s 's estimate described in Sections 2.3(a) and 2.3(b). If Additional Rent paid by Tenant during the preceding Calendar Year shall be in excess of, or less than, the aggregate of its share of the actual increase in Real Estate Taxes and Operating Expenses, Landlord and Tenant agree to make the appropriate adjustment following the submission of Landlord’s 's statement. Tenant shall either pay any Additional Rent due with the installment of Base Annual Rent due for the month following submission of Landlord’s 's statement, or pay any Additional Rent due within thirty (30) days if the Lease Term has expired or has otherwise been terminated. Tenant shall deduct its excess payment, if any, from the installment of Base Annual Rent due for the month following submission of Landlord’s 's statement, or following the expiration or earlier termination of the Lease Term. , Tenant shall be reimbursed for any excess payments made, less any amounts then due Landlord under this Lease, upon demand.

Additional Rent Reconciliations. After the end of each Calendar Year, and within one hundred eighty (180) days thereof, but without forfeiture or waiver of Landlord’s rights to Additional Rent if such deadline is not met, Landlord will submit to Tenant a an un-audited financial statement of the actual increases in Real Estate Taxes and Operating Expenses paid accruing during the Fiscal Year which ended during such Calendar Year over the Real Estate Taxes and Operating Expenses which were paid accrued during the Base Year, respectively. Such statement shall also indicate the amount of Tenant’s excess payment or underpayment of Additional Rent based on Landlord’s estimate described in Sections 2.3(a) and 2.3(b). If Additional Rent paid by Tenant during the preceding Calendar Year shall be in excess of, or less than, the aggregate of its share of the actual increase in Real Estate Taxes and Operating Expenses, Landlord and Tenant agree to make the appropriate adjustment following the submission of Landlord’s statement. Tenant shall either pay any Additional Rent due with the installment of Base Annual Rent due for the month following submission of Landlord’s statement (provided, in no event, less than thirty (30) days after receipt of such statement), or pay any Additional Rent due within thirty (30) days if the Lease Term has expired or has otherwise been terminated. Tenant shall deduct its excess payment, if any, from the installment of Base Annual Rent due for the month following submission of Landlord’s statementstatement and/or any subsequent months until the overpayment is recouped, or following the expiration or earlier termination of the Lease Term. , Tenant shall be reimbursed for any excess payments made, less any amounts then due Landlord under this Lease, upon within thirty (30) days of demand.