Common use of Year End Reconciliation Clause in Contracts

Year End Reconciliation. Following the receipt by Sublandlord of a final statement of Operating Costs from Landlord with respect to each calendar year, Sublandlord shall deliver to Subtenant a statement of the adjustment to be made pursuant to Section 3(b) above for the calendar year just ended, together with a copy of any corresponding Landlord’s Statement (as defined in the Master Lease) received by Sublandlord from Landlord (“Sublandlord’s Annual Statement”). If on the basis of such statement Subtenant owes an amount that is less than the estimated payments actually made by Subtenant for the calendar year just ended, Sublandlord shall credit such excess to the next payments of Rent coming due or, if the Sublease Term will expire before such credit offsets the full excess, refund any remaining excess to Subtenant within thirty (30) days after the expiration of the Sublease Term. If on the basis of such Sublandlord’s Annual Statement Subtenant owes an amount that is more than the estimated payments for the calendar year just ended previously made by Subtenant, Subtenant shall pay the deficiency to Sublandlord within thirty (30) days after delivery of the Sublandlord’s Annual Statement from Sublandlord to Subtenant.

Year End Reconciliation. Following the receipt by Sublandlord of a final statement of Operating Costs from Landlord with respect to each calendar year, Sublandlord shall deliver to Subtenant a statement of the adjustment to be made pursuant to Section 3(b) above for the calendar year just ended, together with a copy of any corresponding Landlord’s Statement (as defined in the Master Lease) statement received by Sublandlord from Landlord (“Sublandlord’s Annual Statement” or an “Annual Statement”). If on the basis of such statement Sublandlord’s Annual Statement Subtenant owes an amount that is less than the estimated payments actually made by Subtenant for the calendar year just ended, Sublandlord shall credit such excess to the next payments of Rent coming due or, if the Term of this Sublease Term will is about to expire before or has expired, promptly refund such credit offsets the full excess, refund any remaining excess to Subtenant within thirty (30) days after the expiration of the Sublease TermSubtenant. If on the basis of such Sublandlord’s Annual Statement Subtenant owes an amount that is more than the estimated payments for the calendar year just ended previously made by Subtenant, Subtenant shall pay the deficiency to Sublandlord within thirty (30) days after delivery of the Sublandlord’s Annual Statement from Sublandlord to Subtenant.

Year End Reconciliation. Following Within thirty (30) days following Sublandlord’s receipt of the receipt final Statement delivered by Master Landlord to Sublandlord of a final statement of Operating Costs from Landlord with respect to each calendar yearyear following the Sublease Base Year in accordance with Article 4 [Additional Rent] of the Master Lease, Sublandlord shall deliver to Subtenant a statement of the adjustment to be made pursuant to Section 3(b) above for the calendar year just ended, together with a copy of any corresponding Landlord’s Statement (as defined in the Master Lease) statement received by Sublandlord from Master Landlord (the “Sublandlord’s Annual Operating Expense Statement”). If on the basis of such statement the Annual Operating Expense Statement Subtenant owes an amount that is less than the estimated payments actually made by Subtenant for the calendar year just ended, Sublandlord shall credit such excess to the next payments of Rent coming due or, if the Sublease Term will expire before such credit offsets the full excess, refund any remaining excess to Subtenant within final Expiration Date hereunder is less than thirty (30) days after from the expiration date of the Sublease Termsuch determination, promptly refund such excess to Subtenant. If on the basis of such Sublandlord’s the Annual Operating Expense Statement Subtenant owes an amount that is more than the estimated payments for the calendar year just ended previously made by Subtenant, Subtenant shall pay the deficiency to Sublandlord within thirty (30) days after delivery of the Sublandlord’s Annual Operating Expense Statement from Sublandlord to Subtenant.

Year End Reconciliation. Following the receipt by Sublandlord of a final statement of Operating Costs from Landlord with respect to each calendar year, Sublandlord shall deliver to Subtenant a statement of the any adjustment to be made pursuant to Section 3(b) above for the calendar year just endedended (“Sublandlord’s Annual Statement”), together with a copy of any corresponding Landlord’s Statement (as defined in the Master Lease) statement of actual Operating Expense and Taxes received by Sublandlord from Landlord (“SublandlordLandlord’s Annual Statement”). If on the basis of such statement Sublandlord’s Annual Statement,Subtenant owes an amount that is less than the estimated payments actually made by Subtenant for the calendar year just ended, Sublandlord shall credit such excess to the next payments of Rent coming due or, if the Sublease Term will expire before such credit offsets the full excess, refund any remaining excess to Subtenant within thirty (30) days after the expiration of the Sublease Term. If on the basis of such Sublandlord’s Annual Statement Subtenant owes an amount that is more than the estimated payments for the calendar year just ended previously made by Subtenant, Subtenant shall pay the deficiency to Sublandlord within thirty (30) days after delivery of the Sublandlord’s Annual Statement from Sublandlord to Subtenant.