Common use of Tax Clause Clause in Contracts

Tax Clause. The TENANT agrees to pay any and all ad valoreum taxes assessed or levied against or upon the premises which are in excess of the amount of such taxes imposed upon the premises for the year 2000, provided that the premises are fully improved and assessed for the entire year of 2000, whether the increase results from a higher tax rate or an increase in the assessed valuation of the premises or both. Such increase shall be deemed additional rent and shall be paid by the TENANT within thirty (30) days after the LANDLORD exhibits to the TENANT the tax ▇▇▇▇ evidencing such increase. It is understood and agreed that TENANT shall have the right, in its name or the name of LANDLORD, to protest or review by legal proceedings or in such other manner as it may deem suitable any tax or assessment with respect to the demised premises, provided any such protest or review shall be at the sole cost and expense of TENANT. LANDLORD will on request, furnish TENANT with the tax receipts, bills or other data which TENANT may deem necessary or property for the purpose of such protest or review and such authorization or authorizations as may be necessary therefore.

Tax Clause. The TENANT agrees to pay any and all ad valoreum valorem taxes assessed or levied against or upon the premises which are in excess of the amount of such taxes imposed upon the premises for the year 20001993, provided that the premises are fully improved and assessed for the entire year of 20001993, whether the increase results from a higher tax rate or an increase in the assessed valuation of the premises or both. Such increase shall be deemed additional rent and shall be paid by the TENANT within thirty (30) days after the LANDLORD exhibits to the TENANT the tax ▇▇▇▇ evidencing such increase. It is understood and agreed that TENANT shall have the right, in its name or the name of LANDLORD, to protest or review by legal proceedings or in such other manner as it may deem suitable any tax or assessment with respect to the demised premises, provided any such protest or review shall be at the sole cost and expense of TENANT. LANDLORD will on request, furnish TENANT with the tax receipts, bills bills, or other data which TENANT may deem necessary or property proper for the purpose of such protest or review and such authorization or authorizations as may be necessary therefore.