Common use of Tax Statement Clause in Contracts

Tax Statement. If Taxes for any Tax Year after the Tax Base Year, or the RTS Taxes for any Tax Year in which Tenant is required to pay the RTS Taxes shall be less than the amount reflected on the last-issued Estimated Tax Statement for such Tax Year, Landlord shall (and in any other case Landlord may) within sixty (60) days after the end of such Tax Year issue a statement of Taxes or the RTS Taxes, as applicable, for such Tax Year, including a computation of Tenant’s Tax Payment for such Tax Year (a “Tax Statement”). If Tenant shall have overpaid Taxes, the RTS Taxes or any component thereof for any Tax Year, Landlord, at its option, shall, subject to the last sentence of Section 4.02B(ii) hereof, either refund the amount overpaid to Tenant together with delivery of the Tax Statement or allow Tenant a credit against the next subsequent payments of Rent in the amount of Tenant’s overpayment of Taxes and/or the RTS Taxes. If Tenant shall have underpaid Taxes and/or the RTS Taxes for any Tax Year, Tenant shall pay to Landlord an amount equal to the amount of such underpayment of Tenant’s Tax Payment with respect to such Tax Year within thirty (30) days after receipt of the applicable Tax Statement.

Tax Statement. If Taxes for any Tax Year after the applicable Tax Base Year, or the RTS Full Taxes for any Tax Year after the Full Taxes Base Year, in each case, in which Tenant is required to pay the RTS Taxes Tenant’s Tax Payment hereunder shall be less than the amount reflected on the last-issued Estimated Tax Statement for such Tax Year, Landlord shall (and in any other case Landlord may) within sixty (60) days after the end of such Tax Year issue a statement of Taxes or the RTS Taxes, as applicable, for such Tax Year, including a computation of Tenant’s Tax Payment for such Tax Year (a “Tax Statement”). If Tenant shall have overpaid Taxes, the RTS Taxes or any component thereof for any such Tax Year, Landlord, at its option, Landlord shall, subject to the last sentence of Section 4.02B(ii) hereof, either refund the amount overpaid to Tenant together with delivery of the Tax Statement or allow Tenant a credit such overpayment against the next subsequent payments of Rent in the amount of Tenant’s overpayment of Taxes and/or the RTS Taxesuntil such amount is fully applied. If Tenant shall have underpaid Taxes and/or the RTS Taxes for any Tax Year, Tenant shall pay to Landlord an amount equal to the amount of such underpayment of Tenant’s Tax Payment with respect to such Tax Year within thirty (30) days after receipt of the applicable Tax Statement.

Tax Statement. If Taxes If, for any Tax Year after the Tax Base Year, or the RTS Taxes for any Tax Year in which Tenant is required to pay the RTS Taxes shall be less than the amount reflected on the last-issued Estimated Tax Statement for such Tax Year, Landlord shall (and in any other case Landlord may) within sixty (60) days may after the end of such Tax Year issue a statement of Taxes or the RTS Taxes, as applicable, for such Tax Year, including a computation of Tenant’s 's Tax Payment for such Tax Year (a “"Tax Statement”"). If Tenant shall have overpaid Taxes, the RTS Taxes or any component thereof for any Tax Year, Landlord, at its option, shall, subject to the last sentence of Section 4.02B(ii) hereof, Landlord shall either promptly refund the amount overpaid overpayment to Tenant together with delivery of the Tax Statement or allow Tenant a credit against the next subsequent payments of Rent due under Sections 3.1 and 3.2 hereof in the amount of Tenant’s 's overpayment of Taxes; provided, however, if Tenant shall have overpaid Taxes and/or for any Tax Year by more than three percent (3%), in addition to such payment or credit, Landlord shall pay or credit to Tenant (but following the RTS Taxesexpiration or earlier termination of this Lease, Landlord shall pay to Tenant) interest on such overpayment at the Interest Rate, calculated on the amount of such overpayment from the date that Tenant paid such overpayment to the date Landlord shall pay or credit to Tenant such overpayment. If Tenant shall have underpaid Taxes and/or the RTS Taxes taxes for any Tax Year, Tenant shall pay to Landlord an amount equal to the amount of such underpayment of Tenant’s 's Tax Payment with respect to such Tax Year within thirty ten (3010) days after receipt of the applicable Tax Statement.