Common use of Annual Statement and Adjustment Clause in Contracts

Annual Statement and Adjustment. The Landlord shall deliver to the Tenant within 120 days after the end of each Fiscal Year or as soon after that date as the same shall be prepared by or for the Landlord, a written statement setting out in reasonable detail the amount of the Tenant’s Occupancy Costs for such Fiscal Year. If the total of monthly instalments of the Tenant’s Occupancy Costs actually paid by the Tenant to the Landlord during that Fiscal Year differs from the amount of the Tenant’s Occupancy Costs payable for that Fiscal Year under Subsection 4.01(b), the Tenant shall pay to the Landlord or, if the Tenant is not in default, the Landlord shall credit to the Tenant on account of the next succeeding payments of the Tenant’s Operating Costs and Taxes, as the case may be, the difference, without interest, within 30 days after the date of delivery of the statement.

Annual Statement and Adjustment. The Landlord shall deliver to the Tenant within 120 days after the end of each Fiscal Year or as soon after that date as the same shall be prepared by or for the Landlord, a written statement setting out in reasonable detail the amount of the Operating Costs and Tenant’s 's Occupancy Costs for such Fiscal Year. If the total of monthly instalments of the Tenant’s 's Occupancy Costs actually paid by the Tenant to the Landlord during that Fiscal Year differs from the amount of the Tenant’s Tenants Occupancy Costs payable for that Fiscal Year under Subsection Section 4.01(b), the Tenant shall pay to the Landlord orLandlordor, if the Tenant is not in default, the Landlord shall credit to the Tenant on account of the next succeeding payments of the Tenant’s Operating Costs and Taxes's Occupancy Costs, as the case may be, the difference, ,without interest, within 30 days after the date of delivery of the statement.

Annual Statement and Adjustment. The Landlord shall deliver to the Tenant within 120 days after the end of each Fiscal Year or as soon after that date as the same shall be prepared by or for the Landlord, a written statement setting out in reasonable detail the amount of the Operating Costs and Tenant’s 's Occupancy Costs for such Fiscal Year. If the total of monthly instalments installments of the Tenant’s 's Occupancy Costs actually paid by the Tenant to the Landlord during that Fiscal Year differs from the amount of the Tenant’s 's Occupancy Costs payable for that Fiscal Year under Subsection 4.01(b), the Tenant shall pay to the Landlord or, if the Tenant is not in default, the Landlord shall credit to the Tenant on account of the next succeeding payments of the Tenant’s Operating Costs and Taxes's Occupancy Costs, as the case may be, the difference, without interestInterest, within 30 days after the date of delivery of the statement.

Annual Statement and Adjustment. The Landlord shall deliver to the Tenant within 120 days after the end of each Fiscal Year or as soon after that date as the same shall be prepared by or for the Landlord, a written statement setting out in reasonable detail the amount of the Tenant’s 's Occupancy Costs for such Fiscal Year. If the total of monthly instalments installments of the Tenant’s 's Occupancy Costs actually paid by the Tenant to the Landlord during that Fiscal Year differs from the amount of the Tenant’s 's Occupancy Costs payable for that Fiscal Year under Subsection 4.01(b), the Tenant shall pay to the Landlord or, if the Tenant is not in default, the Landlord shall credit to the Tenant on account of the next succeeding payments of the Tenant’s 's Operating Costs and Taxes, as the case may be, the difference, without interest, within 30 days after the date of delivery of the statement.