Annual Turnover Certificate definition

Annual Turnover Certificate means the certificate to be provided by the Tenant in accordance with paragraph 4.1 of this Part of the Schedule;
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Examples of Annual Turnover Certificate in a sentence

  • The Annual Turnover Certificate must contain such details as to the method of calculation as the Landlord may reasonably require.

  • The Tenant must ensure that the Annual Turnover Certificate states as accurately as the Tenant is reasonably able to do so the amount of the Turnover during the relevant Turnover Period.

  • On receipt of an Annual Turnover Certificate, the Landlord must calculate the Turnover Rent for the Turnover Period and serve on the Tenant a demand for any balance due taking into account all On-Account Payments made in respect of the relevant Turnover Period.

  • Fifteenth Average Annual Turnover Certificate / Statement duly verified and audited by Charted Accountant (for the F.Y. 2020-21, 2021-22 & 2022-23).

  • Upon receipt of an Annual Turnover Certificate, the Landlord must calculate the Turnover Rent for the Turnover Year and serve on the Tenant a demand for any balance due taking into account all On-Account Payments made in respect of the relevant Turnover Year.

  • The Tenant must ensure that the Annual Turnover Certificate states as accurately as the Tenant is reasonably able to do so the amount of the Turnover during the relevant Turnover Year.

  • Upon receipt of an Annual Turnover Certificate, the Landlord must calculate the Turnover Rent for the Turnover Period and serve on the Tenant a demand for any balance due taking into account all On-Account Payments made in respect of the relevant Turnover Period.

  • If the Tenant does not deliver the Annual Turnover Certificate in accordance with paragraph 4.1 the Tenant must, within [20 Business Days] after the end of the relevant Turnover Year, pay to the Landlord on account of the Turnover Rent an amount equal to: [PERCENTAGE]156 of the Main Rent; less the total On-Account Payments made in respect of the Turnover Year in respect of which the Annual Turnover Certificate should have been provided.

  • If the Tenant does not deliver the Annual Turnover Certificate in accordance with paragraph 4.1 of this Part of the Schedule the Tenant must, within [20 Business Days] after the end of the relevant Turnover Period, pay to the Landlord on account of the Turnover Rent an amount equal to: [Insert percentage]143 of the Rent; less the total On-Account Payments made in respect of the Turnover Year in respect of which the Annual Turnover Certificate should have been provided.

  • Fifteenth Average Annual Turnover Certificate / Statement duly verified and audited by Charted Accountant (for the F.Y. 2021-22, 2022-23 & 2023-24).