Common use of Tax Increase Clause in Contracts

Tax Increase. In the event there is any increase during any year of the term of this lease in the City, County or State real estate taxes over and above the amount of such taxes assessed for the tax year during which the term of this lease commences, whether because of increased rate or valuation, Lessee shall pay to Lessor upon presentation of paid tax bills an amount equal to N/A % of the increase in taxes upon the year extending beyond the term of the lease, the obligation of Lessee shall be proportionate to the portion of the lease term included in such year.

Appears in 2 contracts

Samples: Commercial Lease (Fulgent Diagnostics, Inc.), Commercial Lease (Fulgent Genetics, Inc.)

AutoNDA by SimpleDocs

Tax Increase. In the event there is any increase during any year of the term of this lease in the City, County or State real estate taxes over and above the amount of such taxes assessed for the tax year during which the term of this lease commences, whether because of increased rate or valuation, Lessee shall pay to Lessor upon presentation of paid tax bills an amount equal to N/A 0% of the increase in taxes upon the year extending beyond the term of the lease, the obligation of Lessee shall be proportionate to the portion of the lease term included in such year.

Appears in 2 contracts

Samples: Commercial Lease (Fulgent Diagnostics, Inc.), Commercial Lease (Fulgent Genetics, Inc.)

Tax Increase. In the event there is any increase during any year of the term of this lease in the City, County or State real estate taxes over and above the amount of such taxes assessed for the tax year during which the term of this lease commences, whether because of increased rate or valuation, Lessee shall pay to Lessor upon presentation of paid tax bills an amount equal to N/A % of the increase in taxes upon the year extending beyond the term of the lease, the obligation of Lessee shall be proportionate to the portion of the lease term included in such year.

Appears in 1 contract

Samples: Industrial Lease (Carpenter W R North America Inc)

Tax Increase. In the event there is any increase during any year of the term of this lease in the City, County Country or State real estate taxes over and above the amount of such taxes assessed for the tax year during which the term of this lease commences, whether because of increased rate or valuation, Lessee shall pay to Lessor Lesser upon presentation of paid tax bills an amount equal to N/A 0% % of the increase in taxes upon the land and building in which the leased premises are situated. In the event that such taxes are assessed for a tax year extending beyond the term of the lease, the obligation of Lessee shall be proportionate to the portion of the lease term included in such year.

Appears in 1 contract

Samples: Commercial Lease (Quality Products Inc)

AutoNDA by SimpleDocs

Tax Increase. In the event there is any increase during any year of the term of this lease in the City, County or State real estate taxes over and above the amount of such taxes assessed for the tax year during which the term of this lease commences, whether because of increased rate or valuation, . Lessee shall pay to Lessor upon presentation of paid tax bills an amount equal to N/A % of the increase in taxes upon the year extending beyond the term of the lease, the obligation of Lessee shall be proportionate to the portion of the lease term included in such year.

Appears in 1 contract

Samples: Commercial Lease (Fulgent Genetics, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.