Common use of Statement of Actual Direct Expenses and Payment by Tenant Clause in Contracts

Statement of Actual Direct Expenses and Payment by Tenant. Landlord shall endeavor to give to Tenant on or before the first day of April following the end of each Expense Year a statement (Statement) stating the Direct Expenses incurred or accrued for that preceding Expense Year and indicating the amount, if any, of any Excess. On receipt of the Statement for each Expense Year ending during the Lease Term for which an Excess exists, Tenant shall pay, with its next installment of Basic Rent due, the full amount of that Excess, less the amounts (if any) paid during that Expense Year as Estimated Excess (as defined in Subsection 5.3.3). Landlord's failure to furnish the Statement for any Expense Year in a timely manner shall not prejudice Landlord from enforcing its rights under this Article 5. Even if the Lease Term has expired and Tenant has vacated the Premises, if an Excess exists when the final determination is made of Tenant's Share of the Direct Expenses for the Expense Year in which this Lease terminates, Tenant shall immediately pay to Landlord the amount calculated under Subsection 5.3.1. The provisions of this Subsection 5.3.2 shall survive the expiration or earlier termination of the Lease Term.

Statement of Actual Direct Expenses and Payment by Tenant. Landlord shall endeavor to give to Tenant on or before the first day of April following the end of each Expense Year a statement (Statement) stating setting forth the Direct Expenses incurred or accrued for that preceding Expense Year and indicating the amount, if any, of any Excessexcess over Direct Expenses applicable to the Base Year. On receipt of the Statement statement for each Expense Year ending during the Lease Term for which such an Excess excess exists, Tenant shall pay, with its next installment of Basic Base Rent due, the full amount of that Excesssuch excess, less the amounts (if any) paid during that Expense Year as Estimated Excess (as defined in Subsection 5.3.3subsection 6.4.3). Landlord's failure to furnish the Statement statement for any Expense Year in a timely manner shall not prejudice Landlord from enforcing its rights under this Article 56. Even if the Lease Term has expired and Tenant has vacated the Premises, if an Excess excess exists when the final determination is made of Tenant's Share of the Direct Expenses for the Expense Year in which this Lease terminates, Tenant shall immediately pay to Landlord the amount calculated under Subsection 5.3.1subsection 6.4.1. The provisions of this Subsection 5.3.2 subsection 6.4.2 shall survive the expiration or earlier termination of the Lease Term.

Statement of Actual Direct Expenses and Payment by Tenant. Landlord shall endeavor to give deliver to Tenant on or before the first day of April following the end of each Expense Year a statement (Statement) stating setting forth the Direct Expenses incurred or accrued for that preceding Expense Year and indicating the amount, if any, of any Excessexcess over Direct Expenses applicable to the Base Year. On receipt of the Statement statement for each Expense Year ending during the Lease Term for which such an Excess excess exists, Tenant shall pay, with its next installment of Basic Rent duewithin thirty (30) days, the full amount of that Excesssuch excess, less the amounts (if any) paid during that Expense Year as Estimated Excess (as defined in Subsection 5.3.3subsection 6.4.3). Landlord's failure to furnish the Statement statement for any Expense Year in a timely manner shall not prejudice Landlord from enforcing its rights under this Article 56. Even if the Lease Term has expired and Tenant has vacated the Premises, if an Excess excess exists when the final determination is made of Tenant's Share of the Direct Expenses for the Expense Year in which this Lease terminates, Tenant shall immediately within thirty (30) days pay to Landlord the amount calculated under Subsection 5.3.1subsection 6.4.1. The provisions of this Subsection 5.3.2 subsection 6.4.2 shall survive the expiration or earlier termination of the Lease Term.

Statement of Actual Direct Expenses and Payment by Tenant. Landlord shall endeavor to give to Tenant Tenart on or before the first day of April following the end of each Expense Year a statement (“Statement”) stating the Direct Expenses incurred or accrued for that preceding Expense Year and indicating the amount, if any, of any Excess. On receipt of the Statement for each Expense Year ending during the Lease Term for which an Excess exists, Tenant shall pay, with its next installment of Basic Base Rent due, the full amount of that Excess, less the amounts (if any) paid during that Expense Year as Estimated Excess (as defined in Subsection 5.3.3subsection 4.3.3). Landlord's ’s failure to furnish the Statement for any Expense Year in a timely manner shall not prejudice Landlord from enforcing enforchg its rights under this Article 54. Even if the Lease Term has expired and Tenant has vacated the Premises, if an Excess exists when the final determination is made of Tenant's ’s Share of the Direct Expenses for the Expense Year in which this Lease terminates, Tenant shall immediately pay to Landlord the amount calculated under Subsection 5.3.1subsection 4.3.1. The provisions of this Subsection 5.3.2 subsection 4.3.2 shall survive the expiration expiation or earlier termination of the Lease Term.