Tenant’s Tax Payment. Tenant’s Share of the excess of Taxes for any Tax Year over Taxes for the Taxes Base Year. If for any reason, foreseen or unforeseen (including increases in the tax rate or the assessed valuation of the Building or the Land for any reason, including changes in the method of assessment, reassessments occurring in the normal course or outside of the normal course or increases in assessments by reason of changes to the Building or the Land made by Tenant, other tenants, or Landlord), Taxes for any Tax Year, all or any part of which falls within the Term, exceed Taxes for the Taxes Base Year, Tenant shall pay to Landlord Tenant’s Tax Payment within 15 days following Tenant’s receipt of the Tax Statement for that Tax Year. At Tenant’s request, Landlord shall deliver to Tenant a copy of the relevant xxxx for Taxes. If Taxes for any Tax Year are less than Taxes for the Taxes Base Year, Tenant shall not be entitled to any payment or credit. If Landlord requests, Tenant shall pay to Landlord Tenant’s Tax Payment as reasonably estimated by Landlord from time to time in monthly or other periodic installments, in advance, on the first day of each calendar month or other period, so that on the date 30 days before the date Landlord is required (without interest or penalty) to pay Taxes for any Tax Year or part of a Tax Year Landlord shall have received from Tenant Tenant’s Tax Payment for that Tax Year or that part of a Tax Year. If Landlord requests or revises the installments of Tenant’s Tax Payment following the commencement of a Tax Year, Tenant shall (a) until a request is made, pay the installments of Tenant’s Tax Payment for the prior Tax Year and (b) within 15 days following Tenant’s receipt of Landlord’s request or revision, pay the installments of Tenant’s Tax Payment retroactive to the beginning of that Tax Year to the extent they exceed the payments previously made by Tenant for that Tax Year (or if they are less, Landlord shall credit the difference against the next payments under this lease). If 30 days before the date Landlord is required (without interest or penalty) to pay Taxes for any Tax Year or any part of a Tax Year the aggregate amount collected by Landlord from Tenant is not sufficient to pay Tenant’s Tax Payment for that Tax Year or that part of a Tax Year, Landlord shall give notice to Tenant, and Tenant shall pay to Landlord the deficiency within 15 days following Tenant’s receipt of Landlord’s request. If, however, the aggregate amount collec...
Tenant’s Tax Payment. (a) If the Taxes payable for any Comparison Year exceed the Base Taxes, Tenant shall pay to Landlord Tenant's Proportionate Share of such excess ("TENANT'S TAX PAYMENT"). On or about the start of each Comparison Year, Landlord shall furnish to Tenant a Statement of the Taxes. Tenant shall pay Tenant's Tax Payment to Landlord, in monthly installments, on the first day of each month during each Comparison Year, an amount equal to 1/12 of Tenant's Tax Payment due for each Comparison Year. If there is any increase or decrease in Taxes payable for any Comparison Year, whether levied during or after such Comparison Year, Landlord may furnish a revised Statement for such Comparison Year, Tenant's Tax Payment for such Comparison Year shall be adjusted and, within 30 days after delivery of such revised Statement (a) with respect to any increase in Taxes payable for such Comparison Year, Tenant shall pay such increase in Tenant's Tax Payment to Landlord, or (b) with respect to any decrease in Taxes payable for such Comparison Year, Landlord shall credit such decrease in Tenant's Tax Payment against the next installment of Rent payable by Tenant.
Tenant’s Tax Payment. Section 3.1 For the purposes of this Article 3 and other provisions of this Lease:
Tenant’s Tax Payment. For each Tax Year, Tenant shall pay to Landlord an amount ("Tenant's Tax Payment") equal to Tenant's Proportionate Tax Share of the increase, if any, in Taxes for such Tax Year over the Base Year Taxes.
Tenant’s Tax Payment. Tenant’s Share of the excess of Taxes for any Tax Year over Taxes for the Taxes Base Year.
Tenant’s Tax Payment. (a) If Real Estate Taxes for any Tax Year shall exceed Base Taxes, Tenant shall pay as Additional Charges for each Tax Year a sum ("Tenant's Tax Payment") equal to Tenant's Tax Share (as set forth in Section 1.01 hereof) of such excess.
Tenant’s Tax Payment. Tenant shall pay to Landlord an amount (“Tenant’s Tax Payment”) (a) in respect of the Office Space and, if leased by Tenant, the 51st Floor Space, for each Tax Year commencing with the first Tax Year after the expiration of the Tax Base Year, equal to Tenant’s Proportionate Tax Share of the increase, if any, in Taxes for such Tax Year over the Base Year Taxes and (b) in respect of Tenant’s Roof Top Space, commencing with the RTS Rent Commencement Date and each Tax Year thereafter, one hundred percent (100%) of the RTS Taxes.
Tenant’s Tax Payment. Beginning on the Rent Commencement Date -------------------- for each Floor, and continuing thereafter throughout the Term, Tenant shall pay to Landlord Tenant's Proportionate Share of Taxes during the Term, except that, during the Partial Term, Tenant's Proportionate Share shall be adjusted to reflect the portion of the Building delivered to Tenant, and the number of days during the real estate tax fiscal year after delivery of the Floors to Tenant. For example, assuming the tax fiscal year is the calendar year and the tax is One Thousand Dollars ($1,000), if the Rent Commencement Date has occurred for sixty-six percent (66%) of the Agreed Area of the Building on February 1 and the remaining thirty-four percent (34%) in one-half (1/2) increments on March 1 and April 1, respectively, Tenant's share of Taxes would be calculated as follows: ----------------------------------------------------------------------------------------------------------- (Percentage) x (Percentage of Year) x (TOTAL TAX) = (Tenant's Share of Taxes) ----------------------------------------------------------------------------------------------------------- (0%) 31/365 = 8.50% $1,000 0 ----------------------------------------------------------------------------------------------------------- (66%) 28/365 = 7.7% $1,000 $ 50.82 ----------------------------------------------------------------------------------------------------------- (83%) 30/365 = 8.20% $1,000 $ 68.06 ----------------------------------------------------------------------------------------------------------- (100%) 276/365 = 75.6% $1,000 $756.00 ----------------------------------------------------------------------------------------------------------- Aggregate Tenant Share $874.88 ----------------------------------------------------------------------------------------------------------- Taxes assessed for a real estate tax fiscal year which extends beyond the Term shall be apportioned between Landlord and Tenant at the expiration of the Term. Landlord shall promptly forward to Tenant copies of all notices, bills or other statements received by Landlord concerning Taxes. Tenant shall pay all such Taxes to Landlord at least five (5) Business Days before the same become due and payable or, if later, five (5) days after the xxxx for same is delivered by Landlord to Tenant. Tenant's obligation to pay Taxes shall survive the expiration of the Term or the earlier termination of this Lease. Tenant shall be obligated to escrow am...
Tenant’s Tax Payment. Tenant shall pay to Landlord Tenant's Tax Payment payable for each Expense Year ("Tenant's Tax Payment").
Tenant’s Tax Payment. Landlord will cause the Demised Premises to be taxed as a separate tax parcel within the City or County/Parish in which it is located, as applicable. Tenant shall reimburse Landlord for the ad valorem taxes payable with respect to the Demised Premises within forty-five (45) days after receipt of Landlord's paid receipt or other definitive proof of payment for such taxes (excluding any late payment charges or penalties imposed on Landlord). In the event Landlord fails to submit a xxxx to Tenant within twelve (12) months after the date Landlord pays such taxes, Tenant shall not be obligated to reimburse Landlord. Taxes will be prorated for any partial Lease Year. Landlord is responsible for payment of all impact fees, special assessments and any other taxes or assessments levied or assessed in connection with or as a result of the development of the Demised Premises. Landlord is responsible for payment of all inheritance, estate, successor, transfer, gift, income or sales taxes imposed on Landlord or otherwise relating to the Demised Premises. Tenant shall also pay any taxes imposed upon the personal property of Tenant. In addition, Tenant agrees to pay any sales tax on rents paid by Tenant hereunder or other so-called "rent tax" (such as, by way of example, any sales tax on rent). Landlord agrees to permit Tenant to contest the validity or amount of any taxes by appropriate proceedings. In the event Landlord receives any refund of such taxes, Landlord shall credit such refund to Tenant against the next succeeding payments of taxes due from Tenant. If such refund occurs after the last year of the term, Landlord will refund such amount to Tenant within forty-five (45) days after Landlord's receipt thereof.
