Common use of Assessment Reduction Clause in Contracts

Assessment Reduction. Tenant may, if it shall so desire, without expense to Landlord, endeavor at any time to obtain a reduction of the assessed valuation upon the Premises for the purpose of reducing taxes thereon. Tenant shall be authorized 14 to collect any tax refund payable as a result of any proceeding Tenant may institute for that purpose, and any such tax refund shall be the property of Tenant if and to the extent that such refund is based on a payment made by Tenant.

Assessment Reduction. Tenant may, if it shall so desire, without expense to Landlord, endeavor at any time to obtain a reduction lowering of the assessed valuation an Imposition or assessment upon the Premises for the purpose of reducing taxes thereonthe amount thereof. Tenant shall be authorized 14 to collect any tax refund payable as a result of any proceeding Tenant may institute for that purpose, purpose and any such tax refund shall be the property of Tenant if and to the extent that such refund is to which it may be based on a payment made by Tenant.