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 Operating Costs and Tenant's Occupancy Costs for such Fiscal Year. If the total of monthly instalments of Tenant's Occupancy Costs actually paid by the Tenant to the Landlord during that Fiscal Year differs from the amount of Tenants Occupancy Costs payable for that Fiscal Year under Section 4.01(b), the Tenant shall pay to the Landlordor, if the Tenant is not in default, the Landlord shall credit to the Tenant on account of the next succeeding payments of Tenant'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 Operating Costs and the 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 Tenants the Tenant’s Occupancy Costs payable for that Fiscal Year under Section Subsection 4.01(b), the Tenant shall pay to the LandlordorLandlord 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 Occupancy Costs’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 Operating Costs and Tenant's Occupancy Costs for such Fiscal Year. If the total of monthly instalments installments of Tenant's Occupancy Costs actually paid by the Tenant to the Landlord during that Fiscal Year differs from the amount of Tenants Tenant's Occupancy Costs payable for that Fiscal Year under Section Subsection 4.01(b), the Tenant shall pay to the LandlordorLandlord or, if the Tenant is not in default, the Landlord shall credit to the Tenant on account of the next succeeding payments of Tenant'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 Operating Costs and the Tenant's Occupancy Costs for such Fiscal Year. If the total of monthly instalments installments of the Tenant's Occupancy Costs actually paid by the Tenant to the Landlord during that Fiscal Year differs from the amount of Tenants the Tenant's Occupancy Costs payable for that Fiscal Year under Section Subsection 4.01(b), the Tenant shall pay to the LandlordorLandlord 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 Occupancy CostsOperating Costs and Taxes, as the case may be, the difference,, without interest, within 30 days after the date of delivery of the statement.