Adjustment Payments. Within thirty (30) days after Tenant’s receipt of any tax and Insurance Statement. Tenant shall pay to Landlord the amount of Additional Rent shown on said Tax and Insurance Statement to be due Landlord for the Lease Year last ended. Tenant’s obligation to pay such Additional Rent shall survive the Term. If Tenant’s deposits made pursuant to Section 6.2 above exceed Tenant’s obligation, the excess amount shall be ended against the next installment of Rent coming due, with any balance to be paid directly to Tenant.
Appears in 7 contracts
Samples: www.sec.gov, Industrial Building Lease (Bway Corp), Industrial Building Lease (Bway Corp)
Adjustment Payments. Within thirty (30) days after Tenant’s receipt of any tax Tax and Insurance Statement. , Tenant shall pay to Landlord the amount of Additional Rent shown on said Tax and Insurance Statement to be due Landlord for the Lease Year last ended. Tenant’s obligation to pay such Additional Rent shall survive the Term. If Tenant’s deposits made pursuant to Section 6.2 above exceed Tenant’s obligation, the excess amount shall be ended credited against the next installment of Rent coming due, with any balance to be paid directly to Tenant.
Appears in 3 contracts
Samples: Industrial Building Lease (Phoenix Container, Inc.), Industrial Building Lease (Phoenix Container, Inc.), Industrial Building Lease (Bway Corp)
