Common use of Separate Assessment Clause in Contracts

Separate Assessment. If the Premises are assessed separately by the taxing agency, Tenant shall pay to such agency all Taxes applicable to the Premises. Such payment is due ten days prior to such Taxes becoming delinquent. If the Premises share parking or Common Area with other premises, Section 5.4 below shall apply to Taxes thereon.

Appears in 2 contracts

Sources: Business Park Net Lease (Opnext Inc), Business Park Net Lease (Opnext Inc)

Separate Assessment. If the Premises are assessed separately by the ------------------- taxing agency, Tenant shall pay to such agency all Taxes applicable to the Premises. Such payment is due ten days prior to such Taxes becoming delinquent. If the Premises share parking or Common Area with other premises, Section 5.4 below shall apply to Taxes thereon.

Appears in 1 contract

Sources: Business Park Net Lease (Centillium Communications Inc)