Common use of Abatement of Taxes Clause in Contracts

Abatement of Taxes. Landlord may at any time and from time to time make application to the appropriate Governmental Authority of an abatement of Taxes. Landlord agrees to make such an application at any time tenants occupying more than 60% of the Rentable Area of the Building under written Occupancy Arrangements directly with the Landlord request that Landlord do so. If (i) such an application is successful and (ii) Tenant has made any payment in respect of Taxes under this Article 6 for the period with respect to which the abatement was granted, Landlord agrees (a) to deduct from the amount of the abatement all expenses incurred by it in connection with the application (b) within thirty (30) days after receipt of the abatement amount to pay to Tenant Tenant’s Share (adjusted for any period for which Tenant had made a partial payment) of the abatement, with interest, if any, paid by the Governmental Authority on such abatement, and (c) retain the balance, if any.

Appears in 3 contracts

Samples: Space Lease (Accentia Biopharmaceuticals Inc), Space Lease (Accentia Biopharmaceuticals Inc), Space Lease (Accentia Biopharmaceuticals Inc)

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Abatement of Taxes. Landlord may at any time and from time to time make application to the appropriate Governmental Authority of for an abatement of Taxes. Landlord agrees to shall make such an application at any time tenants occupying more than 60% of the Rentable Area of the Building under written Occupancy Arrangements directly with the Landlord request that Landlord do so. If (i) such an application is successful and (ii) Tenant has made any payment in respect of Taxes under pursuant to this Article 6 for the period with respect to which the abatement was granted, Landlord agrees shall (a) to deduct from the amount of the abatement all expenses incurred by it in connection with the application (b) within thirty (30) days after receipt of the abatement amount to pay to Tenant Tenant’s 's Share (adjusted for any period for which Tenant had has made a partial payment) of the abatement, with interest, if any, paid by the Governmental Authority on such abatement, abatement and (c) retain the balance, if any.

Appears in 2 contracts

Samples: Office Lease (Nexar Technologies Inc), Office Lease (Sync Research Inc)

Abatement of Taxes. Landlord may at any time and from time to time make application to the appropriate Governmental Authority of for an abatement of Taxes. Landlord agrees to shall make such an application at any time tenants occupying more than 60% of the Rentable Area of the Building under written Occupancy Arrangements directly with the Landlord request that Landlord do so. If (i) such an application is successful and (ii) Tenant has made any payment in respect of Taxes under pursuant to this Article 6 for the period with respect to which the abatement was granted, Landlord agrees shall (a) to deduct from the amount of the abatement all expenses incurred by it in connection with the application (b) within thirty (30) days after receipt of the abatement amount to pay to Tenant Tenant’s 's Share (adjusted for any period for which Tenant had made a partial payment) of the abatement, with interest, if any, paid by the Governmental Authority on such abatement, abatement and (c) retain the balance, if any. Landlord will adjust the tax portion of the operating expense base to reflect any abatement.

Appears in 1 contract

Samples: Office Lease (Account4 Com Inc)

Abatement of Taxes. Landlord may at any time and from time to time make application to the appropriate Governmental Authority of for an abatement of Taxes. Landlord agrees to make such an application at any time tenants occupying more than 60% of the Rentable Area of the Building under written Occupancy Arrangements directly with the Landlord request that Landlord do so. If (i) such an application is successful and (ii) Tenant has made any payment in respect of Taxes under this Article 6 for the period with respect to which the abatement was granted, Landlord agrees (a) to deduct from the amount of the abatement all expenses incurred by it in connection with the application (b) within thirty (30) days after receipt of the abatement amount amount, to pay to Tenant Tenant’s 's Share (adjusted for any period for which Tenant had made a partial payment) of the abatement, with interest, if any, paid by the Governmental Authority on such abatement, and (c) retain the balance, if any.

Appears in 1 contract

Samples: Bioject Medical Technologies Inc

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Abatement of Taxes. Landlord may at any time and from time to time make application to the appropriate Governmental Authority of for an abatement of Taxes. Landlord agrees to shall make such an application at any time tenants Tenant's occupying more than 60% of the Rentable Area of the Building under written Occupancy Arrangements directly with the Landlord request that Landlord do so. If (i) such an application is successful and (ii) Tenant has made any payment in respect of Taxes under pursuant to this Article 6 for the period with respect to which the abatement was granted, Landlord agrees shall (a) to deduct from the amount of the abatement all expenses incurred by it in connection with the application (b) within thirty (30) days after receipt of the abatement amount to pay to Tenant Tenant’s Share 's share (adjusted for any period for which Tenant had has made a partial payment) of the abatement, with interest, if any, paid by the Governmental Authority on such abatement, abatement and (c) retain the balance, if any.

Appears in 1 contract

Samples: Office Lease (Synchronicity Inc)

Abatement of Taxes. Landlord may at any time and from time to ------------------ time make application to the appropriate Governmental Authority of for an abatement of Taxes. Landlord agrees to make such an application at any time tenants occupying more than 60% of the Rentable Area of the Building under written Occupancy Arrangements directly with the Landlord request that Landlord do so. If (i) such an application is successful and (ii) Tenant has made any payment in respect of Taxes under this Article 6 for the period with respect to which the abatement was granted, Landlord agrees (a) to deduct from the amount of the abatement all expenses incurred by it in connection with the application (b) within thirty (30) days after receipt of the abatement amount amount, to pay to Tenant Tenant’s 's Share (adjusted for any period for which Tenant had made a partial payment) of the abatement, with interest, if any, paid by the Governmental Authority on such abatement, and (c) retain the balance, if any.

Appears in 1 contract

Samples: Phytera Inc

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