Common use of Statement of Actual Direct Clause in Contracts

Statement of Actual Direct. Expenses and Payment by Tenant. --------------------------------------------------------- Following the end of each Expense Year, Landlord shall give to Tenant a statement (the "Statement") which Statement shall state the actual Direct Expenses incurred or accrued for such preceding Expense Year, and which shall indicate the amount, if any, of any Excess or underage. Upon receipt of the Statement for each Expense Year ending during the Lease Term, if an Excess is present, Tenant shall pay, with its next installment of Base Rent, the full amount of the Excess for such Expense Year, less the amounts, if any, paid during such Expense Year as "Estimated Excess," as that term is defined in Section 4.3.3

Appears in 1 contract

Samples: Lease (Buy Com Inc)

AutoNDA by SimpleDocs

Statement of Actual Direct. Expenses and Payment by Tenant. --------------------------------------------------------- Following Landlord shall endeavor to give to Tenant on or before the first day of April following the end of each Expense Year, Landlord shall give to Tenant a detailed statement (the "StatementSTATEMENT") which Statement shall state the actual Direct Expenses on a general line item by line item basis incurred or accrued for such preceding Expense Year, and which shall indicate the amount, if any, of any Excess or underageExcess. Upon Within thirty (30) days after receipt of the Statement for each Expense Year ending during the Lease Term, if an Excess is present, Tenant shall pay, with its next installment of Base Rent, pay to Landlord the full amount of the Excess for such Expense Year, less the amounts, if any, paid during such Expense Year as "Estimated Excess," as that term is defined in Section 4.3.3

Appears in 1 contract

Samples: Office Lease (Homestore Com Inc)

Statement of Actual Direct. Expenses and Payment by Tenant. --------------------------------------------------------- Following Landlord shall endeavor to give to Tenant on or before the first day of April following the end of each Expense Year, Landlord shall give to Tenant a statement (the "Statement") which Statement shall state the actual Direct Expenses incurred or accrued for such preceding Expense Year, and which shall indicate the amount, if any, of any Excess or underageExcess. Upon receipt of the Statement for each Expense Year ending during the Lease Term, if an Excess is present, Tenant shall pay, with its next installment of Base RentRent due, the full amount of the Excess for such Expense Year, less the amounts, if any, paid during such Expense Year as "Estimated Excess," as that term is defined in Section 4.3.3

Appears in 1 contract

Samples: Office Lease (Beatnik Inc)

AutoNDA by SimpleDocs

Statement of Actual Direct. Expenses and Payment by Tenant. --------------------------------------------------------- Following the end of each Expense Year, Landlord shall give to Tenant a statement (the "Statement") which Statement shall state the actual Direct Expenses incurred or accrued for such preceding Expense Year, and which shall indicate the amount, if any, of any Excess or underage. Upon receipt of the Statement for each Expense Year ending during the Lease Term, if an Excess is present, Tenant shall pay, with its next installment of Base Rent, the full amount of the Excess for such Expense Year, less the amounts, if any, paid during such Expense Year as "Estimated Excess," as that term is defined in Section 4.3.3in

Appears in 1 contract

Samples: Temporary Space Agreement (Ecommercial Com Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!