Common use of Correction of Tax Share Rent Clause in Contracts

Correction of Tax Share Rent. Landlord ---------------------------- shall deliver to Tenant a report for the previous fiscal year (the "Tax Report") by May 15 of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the amount of Tax Share Rent due from Tenant, and (c) the amount of Tax Share Rent paid by Tenant. Within twenty (20) days after such delivery, Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply the excess to Tenant's payments of Tax Share Rent next coming due, or refund such excess for any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completed.

Appears in 2 contracts

Samples: Wavesplitter Technologies Inc, Wavesplitter Technologies Inc

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Correction of Tax Share Rent. Landlord ---------------------------- shall deliver to Tenant a report for the previous fiscal year (the "Tax Report") by May 15 of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the amount of Tax Share Rent due from Tenant, and (c) the amount of Tax Share Rent paid by Tenant. Within twenty thirty (2030) days after such delivery, Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply the excess to Tenant's payments of Tax Share Rent next coming due, or refund such excess for any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completed.

Appears in 2 contracts

Samples: Lease (Corillian Corp), Lease (Corillian Corp)

Correction of Tax Share Rent. Landlord ---------------------------- shall deliver to Tenant a report for the previous fiscal year (the "Tax Report") by May 15 of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the amount of Tax Share Rent due from Tenant, and (c) the amount of Tax Share Rent paid by Tenant. Within twenty (20) days after such delivery, Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply the excess to Tenant's ’s payments of Tax Share Rent next coming due or, if no additional payments of Tax Share Rent are due, the excess will be credited against Rent or refund such excess for any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completedrefunded to Tenant, at Tenant’s option.

Appears in 1 contract

Samples: Lease (Focus Enhancements Inc)

Correction of Tax Share Rent. As soon as reasonably possible after the end of each Fiscal Year, Landlord ---------------------------- shall deliver to Tenant a report for the previous fiscal year such Fiscal Year (the "Tax Report") by May 15 of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the amount of Tax Share Rent due from Tenant, and (c) the amount of Tax Share Rent paid by Tenant. Within twenty thirty (2030) days after such delivery, Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply any the excess to as a credit against Tenant's payments ’s next month’s payment of Tax Share Rent next coming dueRent, or refund such excess for if any, refunding any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completedoverage to Tenant.

Appears in 1 contract

Samples: Lease (Cra International, Inc.)

Correction of Tax Share Rent. Landlord ---------------------------- shall deliver to Tenant a report for the previous fiscal calendar year (the "Tax Report") by May 15 of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the amount of Tax Share Rent due from Tenant, and (c) the amount of Tax Share Rent paid by Tenant. Within twenty thirty (2030) days after such delivery, Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply the excess to Tenant's ’s payments of Tax Share Rent next coming due, or refund such excess for any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completed.

Appears in 1 contract

Samples: Lease Agreement (Griffin Capital Net Lease REIT, Inc.)

Correction of Tax Share Rent. Landlord ---------------------------- shall deliver to Tenant a report for the previous fiscal year (the "Tax Report") by May 15 of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the amount of Tax Share Rent due from Tenant, and (c) the amount of Tax Share Rent paid by Tenant. Within twenty (20) days after such delivery, Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply the any excess to as a credit against Tenant's payments of Tax Share Rent next coming due, or refund such excess for any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completed.

Appears in 1 contract

Samples: Lease (Integrated Communication Networks Inc)

Correction of Tax Share Rent. Landlord ---------------------------- shall deliver to Tenant a report for the previous fiscal year (the "Tax Report") by May 15 April 1 of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the Base Taxes, (c) the amount of Tax Share Rent due from Tenant, and (cd) the amount of Tax Share Rent paid by Tenant. Within twenty (20) days after such delivery, Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply the excess to Tenant's payments of Tax Share Rent next coming due, or refund such excess for any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completed.

Appears in 1 contract

Samples: Iss Group Inc

Correction of Tax Share Rent. Landlord ---------------------------- shall deliver to Tenant a report for the previous fiscal year (the "Tax Report") by May 15 15th of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the amount of Tax Share Rent due from Tenant, and (c) the amount of Tax Share Rent paid by Tenant. Within twenty (20) days after such delivery, Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply the excess to Tenant's payments of Tax Share Rent next coming due, or refund such excess for any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completed.

Appears in 1 contract

Samples: Tenant Improvement Agreement (Clarify Inc)

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Correction of Tax Share Rent. Landlord ---------------------------- shall deliver to Tenant a report for the previous fiscal year (the "Tax Report") by May 15 of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the amount of Tax Share Rent due from Tenant, and (c) the amount of Tax Share Rent paid by Tenant. Within twenty (20) days after such delivery, Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply the any excess to as a credit against Tenant's payments of Tax Share Rent next coming due, or refund such excess for any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completed.

Appears in 1 contract

Samples: Lease Agreement (Zland Com Inc)

Correction of Tax Share Rent. Landlord ---------------------------- shall deliver to Tenant a report for the previous fiscal year (the "Tax Report") by May 15 April 1 of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the amount of Tax Share Rent due from Tenant, and (c) the amount of Tax Share Rent paid by Tenant. Within twenty (20) days after such delivery, Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply the any excess to as a credit against Tenant's payments of Tax Share Rent next coming due, or refund such excess for any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completed.

Appears in 1 contract

Samples: Zilog Inc

Correction of Tax Share Rent. Landlord ---------------------------- shall deliver to Tenant a report for the previous fiscal year (the "Tax Report") by May 15 April 1 of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the amount of Tax Share Rent due from Tenant, . and (c) the amount of Tax Share Rent paid by Tenant. Within twenty thirty (2030) days after such delivery, . Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply the any excess to as a credit, against Tenant's ’s payments of Tax Share Rent next coming corning due, or refund such excess for any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completed.

Appears in 1 contract

Samples: Sublease (Vitria Technology Inc)

Correction of Tax Share Rent. As soon as reasonably possible after the end of each fiscal year, Landlord ---------------------------- shall deliver to Tenant a report for the previous such fiscal year (the "Tax Report") by May 15 of each year, or as soon as reasonably possible thereafter, setting forth (a) the actual Taxes, (b) the amount of Tax Share Rent due from Tenant, and (c) the amount of Tax Share Rent paid by Tenant. Within twenty (20) days after such delivery, Tenant shall pay to Landlord the amount due from Tenant minus the amount paid by Tenant. If the amount paid exceeds the amount due, Landlord shall apply any the excess to as a credit against Tenant's payments next month's payment of Tax Share Rent next coming dueRent, or refund such excess for if any, promptly refunding any overpayments made during the last year of the Term within thirty (30) days of the date on which the Tax Report for such year is completedoverage to Tenant.

Appears in 1 contract

Samples: Lease (Florsheim Shoe Co /De/)

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