Accounting Periods definition
Examples of Accounting Periods in a sentence
The Termination Fee shall be payable to the Tenant from the Landlord on the twenty-fifth (25th) day of each applicable Accounting Period(s).
If the Additional Rent due and payable for such elapsed Accounting Periods, as shown on the statement for the last Accounting Period, is less than the amount previously paid with respect thereto by Tenant, Tenant shall be entitled to offset the amount of such difference against Rent next coming due under this Agreement, such offset to be applied together with interest at the Disbursement Rate accruing from the date of payment by Tenant until the date the offset is applied.
Installments of Additional Rent due with respect to each Accounting Period shall be equal to the Additional Rent due for all Accounting Periods elapsed during the applicable Fiscal Year less amounts previously paid with respect thereto by Tenant.
If the Additional Rent for such elapsed Accounting Periods, as shown on the statement for the last Accounting Period, is more than the amount previously paid with respect thereto by Tenant, Tenant shall pay to Landlord the amount of such difference, together with Rent next coming due under this Agreement, together with interest on the amount of such difference at the Disbursement Rate accruing from the due date of such payment to the date such payment is received by Landlord.
For the purposes hereof, the fair market value of the Retirement Community shall mean the dollar amount resulting by multiplying the excess of Total Facility Revenues over Property Expenses during the thirteen (13) full Accounting Periods immediately preceding the Accounting Period in which the calculation is made by ten (10).