Common use of PAYMENT OF TAX INCREASE Clause in Contracts

PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, applicable to the Industrial Center; provided, however, that Lessee shall pay, in addition to rent, Lessee's Share (as defined in paragraph 4.2[a]) of the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal real estate tax year 19 - 19 . Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor's written statement setting forth the amount of such increase and the computation thereof. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, Lessee's liability for increased taxes for the last partial lease year shall be prorated on an annual basis.

Appears in 2 contracts

Samples: Coyote Sports Inc, Coyote Sports Inc

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PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, tax applicable to the Industrial Center; Center provided, however, that Lessee shall pay, in addition to rent, Lessee's Share (as defined in paragraph 4.2[a]) of the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal real estate tax year 19 - 19 1990-1991. Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor's written statement setting forth the amount of such increase and the computation thereof. If the term of this Lease Lessee shall not expire concurrently with within the expiration of the tax fiscal year, Lessee's liability for increased taxes for the last partial lease year shall be prorated on an annual basis.

Appears in 1 contract

Samples: Lease Agreement (Patriot Scientific Corp)

PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, applicable to the Industrial Center; , provided, however, that Lessee shall pay, in addition to rent, Lessee's Share (as defined in paragraph 4.2[a]) 4.2 (all of the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal real estate tax year 19 - 19 19___ -19___. Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor's written statement setting forth the amount of such increase and the computation thereof. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, Lessee's liability for increased taxes for the last partial lease year shall be prorated on an annual basis.

Appears in 1 contract

Samples: Industrial Lease (Eltrax Systems Inc)

PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, 10.3 applicable to the Industrial Center; Center provided, however, that Lessee shall pay, in . In addition to rent, Lessee's Share (as defined in Addendum, paragraph 4.2[a]) 67.1 of the amount, amount if any, any by which real property taxes are applicable to the Premises increase over the fiscal real estate tax year 19 1997 - 19 1998. Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor's written statement including a copy of the xxxx(s) from the taxing authority setting forth the amount of such increase and the computation thereof. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, . Lessee's liability for increased taxes for the last partial lease year shall be prorated on an annual basis.

Appears in 1 contract

Samples: Lease Agreement (Iown Holdings Inc)

PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, applicable to the Industrial Center; , provided, however, that Lessee shall pay, in addition to rent, Lessee's Share (as defined in paragraph 4.2[a]4.21(a)) of the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal real estate tax year 19 - 19 1994, 1995. Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor's written statement setting forth the amount of such increase and the computation thereof. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, Lessee's liability for increased taxes for the last partial lease year shall be prorated on an annual basis.

Appears in 1 contract

Samples: Bikers Dream Inc

PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, applicable to the Industrial Center; , provided, however, that Lessee shall pay, in addition to rent, Lessee's Share (as defined in paragraph 4.2[a]4.2(a)) of the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal real estate tax year 19 - 19 1993. Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor's written statement setting forth the amount of such increase and the computation thereof. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, Lessee's liability for increased taxes for the last partial lease year shall be prorated on an annual basis.

Appears in 1 contract

Samples: Cavco Industries Inc

PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, applicable to the Industrial Center; , provided, however, that Lessee shall pay, in addition to rent, Lessee's Share (as defined in paragraph 4.2[a]4.2(a)) of the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal real estate tax year 19 - 19 19___-19___. Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor's written statement setting forth the amount of such increase and the computation thereof. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, Lessee's liability for increased taxes for the last partial lease year shall be prorated on an annual basis.

Appears in 1 contract

Samples: Mobility Electronics Inc

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PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, applicable to the Industrial CenterPremises; provided, however, that Lessee shall pay, in addition to rent, Lessee's Share (as defined in paragraph 4.2[a]) of the amount, if any, by which real property taxes applicable to the Premises increase (unless such increase is due to Lessor's construction of additional improvements over the fiscal real estate tax year 19 - 19 1996 1997. Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor's written statement setting forth the amount of such increase and the computation thereof. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, Lessee's liability for increased taxes for the last partial lease year shall be prorated on an annual basis.

Appears in 1 contract

Samples: Advanced Aerodynamics & Structures Inc/

PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, tax as defined in paragraph 10.3, applicable to the Industrial Center; , provided, however, that Lessee shall pay, in In addition to rent, Lessee's Share (as defined in paragraph 4.2[a]4.2(a) of the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal real estate tax year 19 - 19 -19 . Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor's written statement setting selling forth the amount of such increase and the computation thereof. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, Lessee's liability for increased taxes for the last partial lease year shall be prorated on an annual basis.

Appears in 1 contract

Samples: Industrial Lease (H E R C Products Inc)

PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, applicable to the Industrial Center; provided, however, that Lessee shall pay, in addition to rent, Lessee's Share (as defined in paragraph 4.2[a]4.2(a)) of the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal real estate tax year 19 - 19 1997-1998. Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor's written statement setting forth the amount of such increase and the computation thereof. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, Lessee's liability for increased taxes for the last partial lease year shall be prorated on an annual basis.

Appears in 1 contract

Samples: Sublease (Spectrian Corp /Ca/)

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