Separate Assessment. Following the completion of a Land Release, Landlord shall promptly obtain separate assessments and a separate tax ▇▇▇▇ for each of the Released Land and Retained Land (the “Separate Assessment”) and, thereafter, the term Taxes, as used in Section 9.1 of the Lease shall only apply to the Taxes on the Retained Land and the improvements thereon, which will be the new Demised Premises under the Reduction Amendment.
Appears in 2 contracts
Sources: Lease Agreement, Lease Agreement (Sypris Solutions Inc)