Escalation Statement Sample Clauses
Escalation Statement. 17 Section 4.5 Audit, etc ................................. 18 Section 4.6 Base Year Statement ........................ 18 Section 4.7 Base Year Audit, etc ....................... 18 Section 4.8 Excess Cleaning Costs ...................... 19 Article 5.
Escalation Statement. Promptly after the end of any Lease Year Landlord shall furnish Tenant with an Escalation Statement for such Lease Year. If, as reflected in the Escalation Statement for any Lease Year, the amount of Additional Rent payable by Tenant to Landlord pursuant to this Article for such Lease Year shall be greater than (resulting in an underpayment) or be less than (resulting in an overpayment) the total of all the installments/estimated payments paid on account to Landlord by Tenant for the Lease Year, then, promptly after receipt of the Escalation Statement for that Lease Year, Tenant shall, in case of an underpayment, pay to Landlord the amount of the underpayment