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 any excess as a credit against Tenant's payments of Tax Share Rent next coming due.

Appears in 1 contract

Samples: Lease (Numerical 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 thereafterthereafter (provided that the report will be provided no later than June 15 of each year), 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 the later of (i) twenty (20) days after such delivery, or (ii) the next monthly Base Rent payment, 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 as a credit against to Tenant's payments of Tax Share Rent next coming due.

Appears in 1 contract

Samples: Lease (Microvision 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 any excess as a credit against Tenant's ’s payments of Tax Share Rent next coming due.

Appears in 1 contract

Samples: Lease (Everbridge, 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 TenantTenant for the previous fiscal year or portion thereof, and (c) the amount of Tax Share Rent paid by TenantTenant for the previous fiscal year or portion thereof. 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 as a credit against to Tenant's payments of Tax Share Rent next coming due.

Appears in 1 contract

Samples: Lease Agreement (Icos Corp / De)

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Correction of Tax Share Rent. Landlord shall deliver to ---------------------------- Tenant a report for the previous fiscal year (the "Tax ReportTAX REPORT") by May 15 15th 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 any excess as a credit against Tenant's payments of Tax Share Rent next coming due.

Appears in 1 contract

Samples: Lease (Zamba Corp)

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 (ai) the actual Taxes, (bii) the Base Taxes, (iii) the amount of Tax Share Rent due from Tenant, and (civ) 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 (clause (iii) above) minus the amount paid by TenantTenant (clause (iv) above). If the amount paid exceeds the amount due, Landlord shall apply any the excess as a credit against to Tenant's payments of Tax Share Rent next coming due.

Appears in 1 contract

Samples: Office Lease (Xedar Corp)

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