Common use of Landlord’s Right to Contest Property Taxes Clause in Contracts

Landlord’s Right to Contest Property Taxes. In addition to the right of Tenant under Section 3.3 to contest the amount or validity of Property Taxes, Landlord shall also have the right, but not the obligation, to contest the amount or validity, in whole or in part, of any Property Taxes not contested by Tenant. Any such contests by Landlord shall be at Landlord's sole expense; provided, however, that if the amounts payable by Tenant for Property Taxes are reduced (or if a proposed increase in such amounts is avoided or reduced) by reason of Landlord's contest of Property Taxes, Tenant shall reimburse Landlord for the costs incurred by Landlord in contesting Property Taxes, but such reimbursements shall not be in excess of the amount saved by Tenant by reason of Landlord's actions in contesting such Property Taxes.

Appears in 3 contracts

Samples: Lease Agreement (Petco Animal Supplies Inc), Lease Agreement (Petco Animal Supplies Inc), Lease Agreement (Petco Animal Supplies Inc)

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Landlord’s Right to Contest Property Taxes. In addition to the right of Tenant under Section 3.3 to contest the amount or validity of Property Taxes, Landlord shall also have the right, but not the obligation, to contest the amount or validity, in whole or in part, of any Property Taxes not contested by Tenant, by appropriate proceedings conducted in the name of Landlord or in the name of Landlord and Tenant. Any If Landlord elects to contest the amount or validity, in whole or in part, of any Property Taxes, such contests by Landlord shall be at Landlord's sole ’s expense; , provided, however, that if the amounts payable by Tenant for Property Taxes are reduced (or if a proposed increase in such amounts is avoided or reduced) by reason of Landlord's ’s contest of Property Taxes, Tenant shall reimburse Landlord for the costs incurred by Landlord in contesting Property Taxes, but such reimbursements shall not be in excess of the amount saved by Tenant by reason of Landlord's ’s actions in contesting such Property Taxes.

Appears in 1 contract

Samples: Office Lease Agreement (Premiere Global Services, Inc.)

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