Common use of Monthly Statements of Lessee Clause in Contracts

Monthly Statements of Lessee. Within thirty (30) days after the end of each calendar month during the pendency of this Lease, (I) an unaudited, detailed month and year to date income and expense statement for the Leased Property which shall include a comparison to corresponding budget figures, occupancy statistics (including the actual number of residents, the number of units available and total patient days for such month) and resident mix breakdowns (for each resident day during such month classifying residents by the type of care required and source of payment) and (II) an express written calculation showing the compliance or non-compliance, as the case may be, with the specific financial covenants set forth in Section 11.3 for the applicable period, including, with respect to the calculation of the Lessee's Rent Coverage Ratio, a schedule substantially in the form attached hereto as EXHIBIT I (which calculation with respect to the Lessee's Rent Coverage Ratio shall be provided only within thirty (30) days after the end of each Fiscal Year).

Appears in 2 contracts

Samples: Facility Lease Agreement (Alternative Living Services Inc), Facility Lease Agreement (Alternative Living Services Inc)

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Monthly Statements of Lessee. Within thirty (30) days after the end of each calendar month during the pendency of this Lease, (Ii) an unaudited, detailed month and year to date income and expense statement for the Leased Property which shall include a comparison to corresponding budget figures, occupancy statistics (including the actual number of residents, the number of units available and total patient days for such month) and resident mix breakdowns (for each resident day during such month classifying residents by the type of care required and source of payment) and (IIii) an express written calculation showing the compliance or non-compliance, as the case may be, with the specific financial covenants set forth in Section 11.3 for the applicable period, including, with respect to the calculation of the Lessee's Rent Coverage Ratio, a schedule substantially in the form attached hereto as EXHIBIT I (which calculation with respect to the Lessee's Rent Coverage Ratio shall be provided only within thirty (30) days after the end of each Fiscal Year).

Appears in 1 contract

Samples: Facility Lease Agreement (Alterra Healthcare Corp)

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Monthly Statements of Lessee. Within thirty (30) days after the end of each calendar month during the pendency of this Lease, (I) an unaudited, detailed month and year to date income and expense statement for the Leased Property which shall include a comparison to corresponding budget figures, occupancy statistics (including the actual number of residents, the number of units available and total patient days for such month) and resident mix breakdowns (for each resident day during such month classifying residents by the type of care required and source of payment) and (II) an express written calculation showing the compliance or non-non- compliance, as the case may be, with the specific financial covenants set forth in Section 11.3 for the applicable period, including, with respect to the calculation of the Lessee's Rent Coverage Ratio, a schedule substantially in the form attached hereto as EXHIBIT I (which calculation with respect to the Lessee's Rent Coverage Ratio shall be provided only within thirty (30) days after the end of each Fiscal Year).

Appears in 1 contract

Samples: Facility Lease Agreement (Alternative Living Services Inc)

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