Common use of Tax Statement; Deficiency or Offset of Tax Costs Clause in Contracts

Tax Statement; Deficiency or Offset of Tax Costs. On or before January 31st of the Initial Term or any extended term of the Lease, Lessor shall furnish to Lessee a tax statement showing the total actual Tax costs for such Lease term and the total amount of Tax payments made by Lessee during such Lease term. a. If Xxxxxx’s actual Tax costs exceeds the aggregate of Xxxxxx’s monthly payments made during the current Lease term, Lessee shall pay Lessor the deficiency within thirty (30) days after receipt of the statement. b. If Xxxxxx’s monthly payments exceed Xxxxxx’s actual Tax costs as shown on the statement, Lessee shall be entitled to offset the excess against payments thereafter becoming due for Xxxxxx’s actual Tax costs. In the event the Lease has been terminated or has expired prior to determining that Xxxxxx’s monthly payments exceeded Xxxxxx’s actual Tax costs, any excess amounts paid by Lessee will first be applied to any amounts that may be due and owing Lessor at that time and any excess remaining thereafter, if any, shall be paid to Lessee. c. Lessee’s rent payment shall be adjusted in the event the Taxes increase

Tax Statement; Deficiency or Offset of Tax Costs. On or before January 31st of the Initial Term or any extended term of the Lease, Lessor shall furnish to Lessee a tax statement showing the total actual Tax costs for such Lease term and the total amount of Tax payments made by Lessee during such Lease term. a. 1. If Xxxxxx’s actual Tax costs exceeds the aggregate of Xxxxxx’s monthly payments made during the current Lease term, Lessee shall pay Lessor the deficiency within thirty (30) days after receipt of the statement. b. 2. If Xxxxxx’s monthly payments exceed Xxxxxx’s actual Tax costs as shown on the statement, Lessee shall be entitled to offset the excess against payments thereafter becoming due for Xxxxxx’s actual Tax costs. In the event the Lease has been terminated or has expired prior to determining that Xxxxxx’s monthly payments exceeded Xxxxxx’s actual Tax costs, any excess amounts paid by Lessee will first be applied to any amounts that may be due and owing Lessor at that time and any excess remaining thereafter, if any, shall be paid to Lessee. c. Lessee’s rent payment shall be adjusted in the event the Taxes increase

Tax Statement; Deficiency or Offset of Tax Costs. On or before January 31st of the Initial Term or any extended term Extension Term of the Lease, Lessor shall furnish to Lessee a tax statement showing the total actual Tax costs for such Lease term and the total amount of Tax payments made by Lessee during such Lease term. a. If XxxxxxLessee’s actual Tax costs exceeds the aggregate of XxxxxxLessee’s monthly payments made during the current Lease termyear, Lessee shall pay Lessor the deficiency within thirty (30) days after receipt of the statement. b. If XxxxxxLessee’s monthly payments exceed XxxxxxLessee’s actual Tax costs as shown on the statement, Lessee shall be entitled to offset the excess against payments thereafter becoming due for XxxxxxLessee’s actual Tax costs. In the event the Lease has been terminated or has expired prior to determining that Xxxxxx’s monthly payments exceeded Xxxxxx’s actual Tax costs, any excess amounts paid by Lessee will first be applied to any amounts that may be due and owing Lessor at that time and any excess remaining thereafter, if any, shall be paid to Lessee. c. Lessee’s rent payment shall be adjusted in the event the Taxes increaseincrease or decrease thereby causing the Lessee’s actual Tax costs to change. Lessor will notify Lessee of any rent adjustment in the tax statement that is sent to Lessee on or before January 31st.

Tax Statement; Deficiency or Offset of Tax Costs. On or before January 31st of the Initial Term or any extended term of the Lease, Lessor shall furnish to Lessee a tax statement showing the total actual Tax costs for such Lease term and the total amount of Tax payments made by Lessee during such Lease term. a. If Xxxxxx’s actual Tax costs exceeds the aggregate of Xxxxxx’s monthly payments made during the current Lease term, Lessee shall pay Lessor the deficiency within thirty (30) days after receipt of the statement. b. If Xxxxxx’s monthly payments exceed Xxxxxx’s actual Tax costs as shown on the statement, Lessee shall be entitled to offset the excess against payments thereafter becoming due for Xxxxxx’s actual Tax costs. In the event the Lease has been terminated or has expired prior to determining that Xxxxxx’s monthly payments exceeded Xxxxxx’s actual Tax costs, any excess amounts paid by Lessee will first be applied to any amounts that may be due and owing Lessor at that time and any excess remaining thereafter, if any, shall be paid to Lessee. c. Lessee’s rent payment shall be adjusted in the event the Taxes increaseincrease or decrease thereby causing the Lessee’s actual Tax costs to change. Lessor will notify Lessee of any rent adjustment in the tax statement that is sent to Lessee on or before January 31st.