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 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 (i) attributable to assessments pending immediately prior to the Reassessment, or (ii) attributable to the annual inflationary increase (currently 2%) of real estate taxes. Notwithstanding anything in this Article 4.5.1 to the contrary, if a Tax Increase occurs because a Reassessment occurs during the Base Year, the Tax Expenses for the Base Year shall include the Tax Increase resulting from such Reassessment, but the foregoing shall not be deemed to in any way increase the protection granted by Landlord to Tenant under Article 4.5.2, below.