Final Determinations. For purposes of Section 5.3 above, any assessment upon which Tenant's Share of Taxes is based shall be deemed to be the amount initially assessed until such time as an abatement, refund, rebate or increase, if any (retroactive or otherwise), shall be finally determined to be due, and upon such final determination, Landlord shall promptly notify Tenant of the amount if any due to Tenant or Landlord, as the case may be, as a result of the adjustment, and appropriate payment to Landlord or Tenant, as the case may be, shall thereafter be promptly made. Landlord shall have no duty to Tenant to contest, appeal or otherwise challenge any Taxes. In the event of any reduction in Taxes by reason of legal or other action taken by Landlord, there shall be added to and be deemed a part of the Taxes in question the amount of Landlord's legal and other costs and expenses in obtaining the reduction (but not an amount in excess of the tax savings).
Appears in 1 contract
Sources: Office Lease (International Cosmetics Marketing Co)
Final Determinations. For purposes of Section 5.3 above, any assessment upon which Tenant's Share of Taxes is based shall be deemed to be the amount initially assessed until such time as an abatement, refund, rebate or increase, if any (retroactive or otherwise), shall be finally determined to be due, and upon such final determination, determination Landlord shall promptly notify Tenant of the amount if any due to Tenant or Landlord, as the case may be, as a result of the adjustment, adjustment and appropriate payment to Landlord or Tenant, as the case may be, shall thereafter be promptly made. Landlord shall have no duty to Tenant to contest, appeal or otherwise challenge any Taxes. In the event of any reduction in Taxes by reason of legal or other action taken by LandlordLandlord in contest of same, there shall be added to and be deemed a part of the Taxes in question the amount of Landlord's legal and other costs and expenses in obtaining the reduction (but not an amount in excess of the tax savings).
Appears in 1 contract
Sources: Office Lease (Safescience Inc)