TENANT'S TAX COST Sample Clauses

TENANT'S TAX COST. After the commencement of the Term of this Lease and prior to the commencement of each calendar year thereafter which commences during the Term, the Landlord may estimate the Tax Cost, or any instalment on account thereof, to become due on any date during the ensuing calendar year or (if applicable) portion thereof, as the case may be, and the amount thereof which will be payable by the Tenant under Section 8.02, and notify the Tenant in writing of such estimate. When the Tax Cost for the calendar year or portion of the calendar year in question becomes finally determined, the Landlord shall recalculate the same. If the Tenant has overpaid such Tax Cost, the La^dlord shall refund any excess paid, but if any balance remains unpaid, the Landlord shall fix monthly Instalments for the then remaining balance of such calendar year, or portion thereof, such that, after giving credit for instalments paid by the Tenant hereunder in respect of such calendar year, the Tenant's entire share of Tax Cost will be fully payable during such calendar year or portion thereof. If for any reason the Tax Cost is not finally determined within such calendar year, or portion thereof, the parties shall make the appropriate readjustment when such Tax Cost becomes finally determined. Any report of the Landlord's accountant as to the Tax Cost shall be conclusive as to the amount thereof for any period to which such report relates.

TENANT'S TAX COST. After the commencement of the Term of this Lease and prior to the commencement of each fiscal period determined by the Landlord thereafter that commences during the Term, the Landlord, acting reasonably, may estimate the Tax Cost, or any instalment on account of the Tax Cost, to become due on any date during the ensuing fiscal period or (if applicable) portion of it, as the case may be, and the amount of it that will be payable by the Tenant, and notify the Tenant in writing of such estimate. If the Tenant has overpaid such Tax Cost, the Landlord will refund any excess paid, but if any balance remains unpaid, the Landlord will fix monthly instalments for the then remaining balance of such fiscal period or portion of it such that, after giving credit for instalments paid by the Tenant under this clause 8.4 in respect of such calendar year, the entire Tenant’s Share of Tax Cost will be fully payable prior to the time the Landlord is obliged to pay the Taxes in respect of which the Tenant’s Share of Tax Cost is payable. If for any reason the Tax Cost is not finally determined within such fiscal period or portion of it, the parties will make the appropriate readjustment when such Tax Cost becomes finally determined. The Landlord and the Tenant acknowledge that Taxes in respect of the Park may be payable during the course of a year as prepayment for the Taxes accruing due in respect of such year, and if the Term ends during a year, then the appropriate adjustment will be made under clause 4.3. Any report of the Landlord’s auditor as to the Tax Cost will be conclusive as to the amount for any period to which such report relates. L a n d l o r d I n i t i a l s _ _ _ _ _ _ _ 1003357-4 115526615:v9 R e v i s e d M a y 1 , 2 0 1 5 P a g e | 1 5 T e n a n t I n i t i a l s _ _ _ _ _ _ _

TENANT'S TAX COST. After the commencement of the Term of this Lease and prior to the commencement of each calendar year thereafter which commences during the Term the Landlord may estimate the Tax Cost for the ensuing calendar year or (if applicable) broken portion thereof, as the case may be, to become payable under Section 8.02, and notify the Tenant in writing of such estimate. When the Tax Cost for the calendar year or broken portion of the calendar year in question becomes finally determined the Landlord shall recalculate the same.