Annual Cost Statement. By April 1 of each calendar year, or as soon thereafter as practicable, Landlord shall furnish to Tenant a statement of Landlord's actual Electrical Costs (the "Annual Cost Statement") for the previous year adjusted as provided in Section 4.e. If the Annual Cost Statement reveals that Xxxxxx paid more for Electrical Costs than Tenant's Proportionate Share of Electrical Costs in the year for which such statement was prepared, then Landlord shall promptly reimburse or credit Tenant such excess; likewise, if Tenant paid less than Tenant's Proportionate Share of Electrical Costs, then Tenant shall promptly pay Landlord such deficiency.
Annual Cost Statement. By April 1 of each calendar year, or as soon thereafter as practicable, Landlord shall furnish to Tenant a statement of Landlord's actual Basic Cost (the "Annual Cost Statement") for the previous year adjusted as provided in Section 4e. If the Annual Cost Statement reveals that Tenant paid more for Basic Cost than the actual Excess, each in the year for which such statement was prepared, then Landlord shall promptly credit or reimburse Tenant such excess; likewise, if Tenant paid less than the actual Excess, then Tenant shall promptly pay Landlord such deficiency.
Annual Cost Statement. By April 1 of each calendar year, or as soon thereafter as practicable, Landlord shall furnish to Tenant a statement of Landlord’s actual Basic Costs (the “Annual Cost Statement”) for the previous year adjusted as provided in Section 4.(e). If the Annual Cost Statement reveals that Tenant paid more for Basic Costs than Tenant’s Proportionate Share of Basic Costs in the year for which such statement was prepared, then Landlord shall reimburse or credit Tenant for such excess within 30 days after delivery of the Annual Cost Statement in question; likewise, if Tenant paid less than Tenant’s Proportionate Share of Basic Costs for such year, then Tenant shall pay Landlord such deficiency within 30 days after delivery of the Annual Cost Statement in question.
Annual Cost Statement. By April 1 of each calendar year, or as soon thereafter as practicable, Landlord shall furnish to Tenant a statement of Landlord’s actual Basic Costs (the “Annual Cost Statement”) for the previous year adjusted as provided in Section 4.(e). Such Annual Cost Statement shall contain the information used by Landlord to prepare its standard accounting documents required to compute Landlord’s cost, plus Landlord’s calculation in determining Tenant’s Proportionate Share. If the Annual Cost Statement reveals that Tenant paid more for Basic Costs than Tenant’s Proportionate Share of Basic Costs in the year for which such statement was prepared, then Landlord shall, at its option, reimburse or credit Tenant for such excess within thirty (30) days after delivery of the Annual Cost Statement in question; likewise, if Tenant paid less than Tenant’s Proportionate Share of Basic Costs, then Tenant shall pay Landlord such deficiency within thirty
Annual Cost Statement. By April 1 of each calendar year, or as soon thereafter as practicable, Landlord shall furnish to Tenant a statement of Landlord's actual Electrical Costs and Basic Cost (the "ANNUAL COST STATEMENT") for the previous year adjusted as provided in Section 4.(e) and in Paragraph 4 of EXHIBIT D. If the Annual Cost Statement reveals that Tenant paid more for Electrical Costs than Tenant's Proportionate Share of Electrical Costs in the year for which such statement was prepared, then Landlord shall reimburse or credit Tenant for such excess within thirty (30) days after delivery of the Annual Cost Statement in question; likewise, if Tenant paid less than Tenant's Proportionate Share of Electrical Costs, then Tenant shall pay Landlord such deficiency within thirty (30) days after delivery of the Annual Cost Statement in question.
Annual Cost Statement. By June 1 of each calendar year, or as soon thereafter as practical, Landlord shall furnish to Tenant a statement of Landlord's actual Basic Costs, Tax Costs, and Utilities Costs, (the "Annual Cost Statement") for the previous calendar year, adjusted as provided in Section-3(h). If the Annual Cost Statement reveals that Tenant paid more than Tenant's Proportionate Share of actual costs thereof in the year for which such statement was prepared, then Landlord shall credit such excess to future Rent obligations; likewise, if Tenant paid less than Tenant's Proportionate Share of increases, then Tenant shall pay Landlord such deficiency within thirty (30) days after delivery of the Annual Cost Statement.
Annual Cost Statement. By April 1 of each calendar year, or as soon thereafter as practicable, Landlord shall furnish to Tenant a statement of Landlord’s actual Basic Costs (the “Annual Cost Statement”) for the previous year adjusted as provided in Section 4.(e). If the Annual Cost Statement reveals that Tenant paid more for Basic Costs than Tenant’s Proportionate Share of Basic Costs in the year for which such statement was prepared, then Landlord shall credit Tenant for such excess during the following year (or pay such excess payments of Tenant to Tenant to the extent there are not sufficient future Rents available to credit); likewise, if Tenant paid less than Tenant’s Proportionate Share of Basic Costs, then Tenant shall pay Landlord such deficiency within 30 days after delivery of the Annual Cost Statement in question. The reconciliation obligations of Landlord and Tenant under this Section 4(d) will survive the expiration or earlier termination of this Lease. (e)
Annual Cost Statement. Not later than 120 days after the end of each year, Landlord shall furnish to Tenant an annual statement in reasonable detail setting forth the actual Taxes, Electrical Costs and the Operating Costs for such year. If such annual statement reveals that Tenant paid more than Tenant’s Proportionate Share of Taxes, Electrical Costs or Operating Costs during the year for which such statement was prepared, then Landlord shall reimburse Tenant for such excess within 30 days after delivery of the statement in question; likewise, if Tenant paid less than Tenant’s Proportionate Share of Taxes, Electrical Costs or Operating Costs, then Tenant shall pay Landlord such deficiency within 30 days after delivery of the statement in question. In addition, if the Net Rentable Area leased by Tenant increases or decreases, for any reason, during any year, then Tenant’s Proportionate Share of Taxes, Electrical Costs and Operating Costs shall be appropriately adjusted by Landlord. The provisions of this Section 7.(h) will survive the expiration or termination of this Lease.
Annual Cost Statement. Within 120 days after the expiration of each calendar year, or as soon as reasonably practicable but in no event more than one (1) year after each calendar year, Landlord shall furnish to Tenant a statement of Landlord’s itemized actual Basic Cost, Snow Removal Cost and Janitorial Cost and the amount of the applicable Excess (the “Annual Cost Statement”) for the previous year. If Landlord has elected for payments of any Excess to be made monthly in advance based on estimates or re-estimates (as provided in Section 4(b)) and the Annual Cost Statement reveals that Tenant paid more for the applicable Excess in such calendar year to which such statement applies, then Landlord shall promptly credit or reimburse Tenant for such overpayment by Tenant; likewise, if Tenant paid less than the applicable Excess in such calendar year to which the statement applies, then Tenant shall promptly pay Landlord such deficiency. Landlord shall be deemed to have waived any claim it may have to amounts that are not billed to Tenant within two (2) years after the expiration of the calendar year in which they are incurred.
Annual Cost Statement. C-1 Authorities................................................................. 11
