Common use of Assessment Reduction Clause in Contracts

Assessment Reduction. Tenant may, if it shall so desire, endeavor at any time or times to obtain a lowering of the assessed value of the Premises for the purpose of reducing taxes thereon and, in such event, Landlord will offer no objection and, at the request of Tenant, will cooperate with Tenant, but without expense to Landlord, in effecting such a reduction. Tenant may institute abatement proceedings for that purpose and any such tax refund shall be paid to the Tenant.

Assessment Reduction. Tenant may, if it shall so desire, without expense to Landlord, endeavor at any time or times to obtain a lowering reduction of the assessed value of valuation upon the Premises for the purpose of reducing taxes thereon and, in such event, Landlord will offer no objection and, at the request thereon. Tenant shall be authorized 14 to collect any tax refund payable as a result of Tenant, will cooperate with Tenant, but without expense to Landlord, in effecting such a reduction. any proceeding Tenant may institute abatement proceedings for that purpose purpose, and any such tax refund shall be paid the property of Tenant if and to the extent that such refund is based on a payment made by Tenant.