Common use of The Tax Increase Clause in Contracts

The Tax Increase. For purposes of this Article 4, the term "Tax Increase" shall mean that portion of the Tax Expenses, as calculated immediately following the Reassessment, which is attributable solely to the Reassessment. Accordingly, the term Tax Increase shall not include any portion of the Tax Expenses, as calculated immediately following the Reassessment, which is attributable to (i) the initial assessment of the value of the land associated with the Building, the Base, Shell and Core of such Building, improvements in the Project or any "soft" costs, permit costs, site improvement costs or entrepreneurial profit added by the assessor due to construction of the Project, (ii) assessments which were pending immediately prior to the Reassessment which assessments were conducted during, and included in, such Reassessment, or which assessments were otherwise rendered unnecessary following the Reassessment, or (iii) the annual inflationary increase of real estate taxes permitted to be assessed annually under Proposition 13.

The Tax Increase. For purposes of this Article 4, the term "Tax Increase" shall mean that portion of the Tax Expenses, as calculated immediately following the Reassessment, which is attributable solely to the Reassessment. Accordingly, the term Tax Increase shall not include any portion of the Tax Expenses, as calculated immediately following the Reassessment, which is attributable to (i) the initial assessment of the value of the land associated with the Building, the Base, Shell and Core of such Building, improvements in the PEREGRINE SYSTEMS CORPORATE CENTER [Peregrine Systems] Project or any "soft" costs, permit costs, site improvement costs or entrepreneurial profit added by the assessor due to construction of the Project, (ii) assessments which were pending immediately prior to the Reassessment which assessments were conducted during, and included in, such Reassessment, or which assessments were otherwise rendered unnecessary following the Reassessment, or (iii) the annual inflationary increase of real estate taxes permitted to be assessed annually under Proposition 13.

The Tax Increase. For purposes of this Article 4, the term "Tax Increase" shall mean that portion of the Tax Expenses, as calculated immediately following the Reassessment, which is attributable solely to the Reassessment. Accordingly, the term Tax Increase shall not include any portion of the Tax Expenses, as calculated immediately following the Reassessment, which is attributable to (i) the initial assessment of the value of the land associated with the Building, the Base, Shell and Core of such Building, improvements in the Project or any "soft" costs, permit costs, site improvement costs or entrepreneurial profit added by the assessor due to construction of the Project, (ii) assessments which were pending immediately prior to the Reassessment which assessments were conducted during, and included in, such Reassessment, or which assessments were otherwise rendered unnecessary following the Reassessment, or (iii) the annual inflationary increase of real estate taxes permitted to be assessed annually under Proposition 13.. PEREGRINE SYSTEMS CORPORATE CENTER [Peregrine Systems]