AgdaPkt 2005-09-12 - Laserfiche WebLink

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S-IJ- /~ gives Tenant a new notice of the estimated Rental Adjustment. It is the intention hereunder to estimate from time to time the amount of Tenant's Rental Adjustment for each Adjustment Period and then to effect a reconciliation in the following year based on the actual expenses incurred for the preceding Adjustment Period. 2.3.9 Reconciliation. On or before April 1 st of each year after the first Adjustment Period (or as soon thereafter as is practical), landlord shall deliver to Tenant a statement (the "Statement") setting forth the Rental Adjustment for the preceding year. Failure of Landlord to timely notify Tenant shall not waive or eliminate Tenant's or Landlord's obligation and responsibility to pay Rental Adjustments for any deficiency or any credit. If the actual Rental Adjustment for the preceding Adjustment Period exceeds the total of the estimated monthly payments made by Tenant for such Adjustment Period, Tenant shall pay Landlord the amount of the deficiency within thirty (30) days of the receipt of the statement. If such total of estimated payments made exceeds the actual Rental Adjustment for such Adjustment Period, then landlord shall credit against Tenant's next ensuing monthly installment(s) of Rent or estimated Rental Adjustment an amount equal to the difference until the credit is exhausted, provided that if such payment is to be made after the expiration or termination of this Lease, Landlord shall include payment of such amount to Tenant with delivery of the Statement to Tenant. If the credit is due from Landlord on the Expiration Date, landlord shall pay Tenant the amount of the credit. The obligations of Tenant and Landlord to make payments required under this Section 2.3.9 shall survive the Expiration Date. 2.3.10 Landlord's Records. Landlord shall maintain records respecting Real Estate Taxes and Operating Expenses and determine the same