Common use of Tax Statement Clause in Contracts

Tax Statement. If Landlord furnishes a Tax Statement for a new Tax Year subsequent to the commencement thereof, promptly after the new Tax Statement is furnished to Tenant, Landlord shall give notice to Tenant stating whether the amount previously paid by Tenant to Landlord for the current Tax Year was greater or less than the installments of the Tax Payment for the current tax year in accordance with the Tax Statement, and (a) if there shall be a deficiency, Tenant shall pay the amount thereof within ten (10) days after demand therefor, or (b) if there shall have been an overpayment, Landlord shall credit the amount thereof against the next monthly installments of the Fixed Rent payable under this Lease. Tax Payments shall be collectible by Landlord in the same manner as Fixed Rent. Landlord's failure to render a Tax Statement shall not prejudice Landlord's right to render a Tax Statement during or with respect to any subsequent Tax Year, and shall not eliminate or reduce Tenant's obligation to make Tax Payments for such Tax Year. Notwithstanding anything to the contrary contained in this Article 27, Landlord shall be deemed to have waived its right to collect the Tax Payment for a Tax Year if Landlord shall have failed to deliver the Tax Statement with respect to such Tax Year by the date which is two (2) years after the later to occur of (x) the date on which Landlord shall have received the appropriate ▇▇▇▇ from the Governmental Authority, and (y) the date which is the last day of the Tax Year in question.

Tax Statement. If Landlord furnishes a Tax Statement for a new Tax Year subsequent to the commencement thereof, promptly after the new Tax Statement is furnished to Tenant, Landlord shall give notice to Tenant stating whether the amount previously paid 67 by Tenant to Landlord for the current Tax Year was greater or less than the installments of the Tax Payment for the current tax year in accordance with the Tax Statement, and (a) if there shall be a deficiency, Tenant shall pay the amount thereof within ten (10) days after demand therefor, or (b) if there shall have been an overpayment, Landlord shall credit the amount thereof against the next monthly installments of the Fixed Rent payable under this Lease. Tax Payments shall be collectible by Landlord in the same manner as Fixed Rent. Landlord's failure to render a Tax Statement shall not prejudice Landlord's right to render a Tax Statement during or with respect to any subsequent Tax Year, and shall not eliminate or reduce Tenant's obligation to make Tax Payments for such Tax Year. Whenever so requested (but not more than once per year), Landlord shall furnish Tenant with a reproduced copy of the tax bill (▇▇ receipted bill) ▇▇r the Taxes for the current or next succeeding Tax Year (if theretofore issued by the Governmental Authority and received by Landlord). Notwithstanding anything to the contrary contained in this Article 27, Landlord shall be deemed to have waived its right to collect the Tax Payment for a Tax Year if Landlord shall have failed to deliver the Tax Statement with respect to such Tax Year by the date which is two (2) years after the later to occur of (x) the date on which Landlord shall have received the appropriate bill ▇▇▇▇ from m the Governmental Authority, and (y) the date which is the last day of the Tax Year in question.

Tax Statement. If Landlord furnishes a Tax Statement for a new Tax Calendar Year subsequent to the commencement thereof, promptly after the new Tax Statement is furnished to Tenant, Landlord shall give notice to Tenant stating whether the amount previously paid by Tenant to Landlord for the current Tax Calendar Year was greater or less than the installments of the Tax Payment for the current tax year in accordance with the Tax Statement, and (a) if there shall be a deficiency, Tenant shall pay the amount thereof within ten thirty (1030) days after demand therefor, or (b) if there shall have been an overpayment, Landlord shall shall, at its option, credit the amount thereof against the next monthly installments of the Fixed Rent payable under this LeaseLease or pay such amount to Tenant within thirty (30) days of Landlord's delivery of the Year-End Statement or Tax Statement. Tax Payments shall be collectible by Landlord in the same manner as Fixed Base Rent. Except as otherwise provided in this Article 5, Landlord's failure to render a Tax Statement shall not prejudice Landlord's right to render a Tax Statement during or with respect to any subsequent Tax Calendar Year, and shall not eliminate or reduce Tenant's obligation to make Tax Payments for such Tax Calendar Year. Notwithstanding anything herein to the contrary contained in this Article 27contrary, Landlord shall be deemed to have waived its right to collect the Tax Payment for a Tax Year if Landlord shall have failed fails to deliver the a Year-End Statement or Tax Statement with respect to such Tax Year by the date which is two Taxes within twenty-four (224) years months after the later to occur end of (x) the date on which a Calendar Year, Landlord shall have received the appropriate ▇▇▇▇ from the Governmental Authority, and (y) the date which is the last day of the may not thereafter issue a Tax Year in questionStatement or Year-End Statement for such Calendar Year.

Tax Statement. If Landlord furnishes the Taxes for the subject Tax Year are increased or decreased after a Tax Statement therefor has been given to Tenant, or if the Base Taxes are increased or decreased after Tax Statement for a new Tax Year subsequent to the commencement thereof, promptly after the new Tax Statement is furnished has been given to Tenant, Landlord shall give notice to Tenant stating whether the amount previously paid by Tenant to Landlord a revised Tax Statement for the current subject Tax Year was greater or less than the installments of and the Tax Payment for the current tax Tax Year in question shall be adjusted accordingly. If the revised Tax Statement is given to Tenant after the commencement of the subject Tax Year and after Tenant has made the applicable Tax Payment, Tenant shall, within thirty (30) days after the date the revised Tax Statement is given to Tenant, pay to Landlord an amount equal to the difference between the Tax Payment indicated in the revised Tax Statement for the subject Tax Year and the Tax Payment theretofore paid by Tenant for the subject Tax Year (if the Tax Payment indicated in the revised Tax Statement for the subject Tax Year is greater than the Tax Payment indicated in the original Tax Statement (and any prior revised Tax Statements) for the subject Tax Year), or, if Tenant is not then in monetary default under this Sublease after the giving of notice, Landlord shall promptly refund to Tenant the difference between the Tax Payment indicated in the original Tax Statement (and any prior revised Tax Statements) for the subject Tax Year and the Tax Payment indicated in the revised Tax Statement for the subject Tax Year (if the Tax Payment indicated in the revised Tax Statement for the subject Tax Year is less than the Tax Payment indicated in the original Tax Statement (and any prior revised Tax Statements) for the subject Tax Year) or, at Tenant’s option, credit any amounts owed to Tenant against the next payments of rent due under this Sublease. Landlord’s obligation to refund such overpayment shall survive the expiration or earlier termination of this Sublease. Every Tax Statement (including revised Tax Statements) given to Tenant shall be conclusive and binding upon Tenant, unless Tenant shall notify Landlord within one (1) year after the Tax Statement in accordance with question is given to Tenant that Tenant disputes the correctness of the computations made thereon, specifying the particular respects in which such computations are claimed to be incorrect. Pending the resolution of such dispute, Tenant shall, within thirty (30) days after it is given such disputed Tax Statement, and (a) if there pay any Additional Rent due in accordance therewith, but such payment shall be a deficiencywithout prejudice to Tenant’s position. If the dispute shall be resolved in Tenant’s favor, and Tenant shall pay the amount thereof is not then in monetary default under this Sublease, Landlord shall, within ten thirty (1030) days after receiving Tenant’s demand therefor, or (b) pay Tenant the amount of Tenant’s overpayment of the Additional Rent, if there shall have been an overpaymentany, resulting from compliance with the disputed Tax Statement or, at Tenant’s option, credit any amounts owed to Tenant against the next payments of rent due under this Sublease. Notwithstanding the foregoing, if at the time Landlord would otherwise be obligated to make such payment, but for the fact that at such time Tenant is in monetary default under this Sublease beyond any applicable notice and cure period, Landlord shall credit become obligated to make such payment when such monetary default is cured, provided that this Sublease is then in full force and effect and the amount thereof against the next monthly installments of the Fixed Rent payable under this Lease. Tax Payments shall be collectible by Landlord in the same manner as Fixed Rent. other conditions to Landlord's failure to render a Tax Statement shall not prejudice Landlord's right to render a Tax Statement during or with respect to any subsequent Tax Year, and shall not eliminate or reduce Tenant's ’s obligation to make Tax Payments for such Tax Year. Notwithstanding anything to the contrary contained in this Article 27, Landlord shall be deemed to have waived its right to collect the Tax Payment for a Tax Year if Landlord shall have failed to deliver the Tax Statement with respect to such Tax Year by the date which is two (2) years after the later to occur of (x) the date on which Landlord shall have received the appropriate ▇▇▇▇ from the Governmental Authority, and (y) the date which is the last day of the Tax Year in questionpayment remain satisfied.