Expense Statement definition

Expense Statement has the meaning assigned thereto in Section 7.7;

Expense Statement means a statement delivered by CRC pursuant to Section 9(c).

Expense Statement means a statement from the Landlord setting forth the Operating Expenses.

Examples of Expense Statement in a sentence

• Landlord's Expense Statement delivered pursuant to Section 4.7(b) shall include in reasonable detail Landlord's Insurance Costs for such Expense Year.

• If Landlord's actual Insurance Costs for such Expense Year exceeds City’s estimated payment of Landlord's Insurance Costs paid by City for such Expense Year, City shall pay to Landlord (whether or not this Lease has terminated) the difference between the amount of Landlord's Insurance Costs paid by City for such Expense Year and City’s payment of the actual Landlord's Insurance Costs for such Expense Year within thirty (30) days following Xxxxxxxx’s delivery of Landlord’s Expense Statement.

• Notwithstanding the foregoing, any failure or delay in the delivery of Landlord’s Expense Statement shall not operate as a waiver of Landlord’s right to collect City’s payment of the increase in Landlord's Insurance Costs owing to Landlord.

• All Governmental Charges reimbursable pursuant to this Article 7 shall be reimbursed by CE LLC, on behalf of the Service Recipients, no later than the date which is 30 days after receipt of an Expense Statement.

• In lieu of generating a consolidated quarterly report, the GRANTEE may instead submit, in strict accordance with the above schedule, a report covering each of the months in the reporting period, which includes a Standard Balance Sheet and Standard Income and Expense Statement for each of the months in the reporting period.

More Definitions of Expense Statement

Expense Statement has the meaning specified in Section 3.l(a).

Expense Statement means a statement in writing, signed by or on behalf of Lessor, setting forth the amount payable by Lessee for a specified Operation year pursuant to this Article 3A.

Expense Statement has the meaning assigned thereto in Section 4.4 hereof;

Expense Statement has the meaning assigned thereto in Section 7.8;

Expense Statement shall have the meaning assigned to it in Section 1.6(b).

Expense Statement. An annual statement from Landlord setting forth (i) the Direct Expenses for the Building and Project (excluding all above-ground levels of any parking garage) for the calendar year ending on the prior December 31; (ii) Tenant's Proportionate Share thereof; (iii) the estimated Direct Expenses that will be incurred by Landlord for the Building and the Project during the current calendar year ending on the next following December 31; and (iv) Tenant's Proportionate Share thereof. Landlord shall allocate to the Building all Direct Expenses which are incurred exclusively in connection with or for the exclusive benefit of the Building, such as insurance, maintenance expenses, utility charges, and all expenses relating to those portions of the underground parking garage and any surface parking which are designated for the exclusive use of Building tenants and their guests, invitees, agents and visitors, and the Expense Statement shall designate such expenses as Building Direct Expenses ("Building Direct Expenses"). All other Direct Expenses (defined below) shall be designated as Project Direct Expenses ("Project Direct Expenses") except that the Project Direct Expenses shall also exclude those Direct Expenses which Landlord or others have designated will be paid only by the hotel or only by the tenants of other office or retail space. Tenant's Proportionate Share of Building Direct Expenses: Tenant reimbursement in an amount equal to the percentage shown in the Basic Lease Information of the Lease of the Building Direct Expenses. Tenant's Proportionate Share of Project Direct Expenses: Tenant reimbursement in an amount equal to the percentage shown in the Basic Lease Information of the Lease of the Project Direct Expenses.

Expense Statement has the meaning assigned thereto in Section 7.4. “GAAP” means generally accepted accounting principles in the United States used by CEG in preparing its financial statements from time to time. “Governing Body” means (i) with respect to a corporation, the board of directors of such corporation, (ii) with respect to a limited liability company, the manager(s) or managing member(s) of such limited liability company, (iii) with respect to a limited partnership, the board, committee or other body of the general partner of such partnership that serves a similar function or the general partner itself (or if any such general partner is itself a limited partnership, the board, committee or other body of such general partner’s general partner that serves a similar function or such general partner’s partner) and (iv) with respect to any other Person, the body of such Person that serves a similar function, and in the case of each of (i) through (iv) includes any committee or other subdivision of such body and any Person to whom such body has delegated any power or authority, including