Common use of Adjustment Statement Clause in Contracts

Adjustment Statement. As soon as reasonably feasible after the expiration of each calendar year contained within the Term (hereinafter referred to as the “Calendar Year”), Landlord will furnish Tenant a statement (hereinafter referred to as the “Adjustment Statement”) showing the following: (i) Actual Taxes and Insurance Premiums for the Calendar Year last ended and the amount of Taxes and Insurance Premiums payable by Tenant for such Calendar Year; (ii) The amount of Additional Rent due Landlord for the Calendar Year last ended, less credits for monthly deposits paid, if any; and (iii) The monthly deposits due in the current Calendar Year.

Adjustment Statement. As soon as reasonably feasible after the expiration of each calendar year contained within the Term (hereinafter referred to as the “"Calendar Year”"), Landlord will furnish Tenant a statement (hereinafter referred to as the “"Adjustment Statement”") showing the following: (i) Actual Taxes and Insurance Premiums for the Calendar Year last ended and the amount of Taxes and Insurance Premiums payable by Tenant for such Calendar Year; (ii) The amount of Additional Rent due Landlord for the Calendar Year last ended, less credits for monthly deposits paid, if any; and (iii) The monthly deposits due in the current Calendar Year.

Adjustment Statement. As soon as reasonably feasible after the expiration of each calendar year contained within the Term (hereinafter referred to as the “Calendar "Lease Year”"), Landlord will furnish Tenant a statement (hereinafter referred to as the “"Adjustment Statement”") showing the following: (i) Actual Taxes and Insurance Premiums (as hereinafter defined) for the Calendar Lease Year last ended and the amount of Taxes and Insurance Premiums (as hereinafter defined) payable by Tenant for such Calendar Lease Year; (ii) The amount of Additional Rent due Landlord for the Calendar Lease Year last ended, less credits for monthly deposits paid, if any; and (iii) The monthly deposits due in the current Calendar Lease Year.