Base Tax Factor definition

Base Tax Factor means the quotient, expressed in dollars and cents, of (i) the Taxes payable for the Base Tax Year, divided by (ii) the Center Tax Area for the Base Tax Year.

Base Tax Factor means Base Tax Factor as defined in Section 5.1(b).

Base Tax Factor means the Taxes payable for the calendar year commencing on January 1, 2018 and ending on December 31, 2018, and (ii) the term “Tenant’s Share” shall mean 1.739%.

Examples of Base Tax Factor in a sentence

• In no event shall any decrease in Expense Factor or Tax Factor in any Comparison Year below the Base Expense Factor or Base Tax Factor, as the case may be, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder.

• Taxes shall be calculated for the Base Tax Factor and for each Tax Year thereafter without giving effect to any tax exemption, abatement or deferral program then affecting the Building.

• For purposes of determining the amounts payable by Sublessee pursuant to this Paragraph 4: Base Operating Factor shall mean the Operating Expenses for the 2004 Operating Year, and Base Tax Factor shall mean the fiscal tax year beginning on July 1, 2004 and ending June 30, 2005.

• Tenant shall pay as Additional Rent for each Tax Year all or any portion of which shall be within the Term a sum ("Tenant's Tax Payment") equal to Tenant's Proportionate Share of the amount by which the Taxes for such Tax Year exceed the Base Tax Factor.

• Landlord and Tenant agree that (a) the Fixed Rent and Operating Expense Payments for the Expansion Space are set forth in Exhibit A annexed to this Agreement and (b) the Base Tax Factor for the Expansion Space shall be the Taxes payable for the Tax Year commencing on July 1, 2012 and ending on June 30, 2013.

More Definitions of Base Tax Factor

Base Tax Factor means Taxes, as hereafter defined, for the Tax Year July 1, 2013 through June 30, 2014.

Base Tax Factor. The Taxes applicable to the Real Property equal to $221,848.00.

Base Tax Factor with respect to the Additional Premises shall mean the Taxes payable for the calendar year 2010; and

Base Tax Factor means the Taxes for the 2012/2013 Tax Year.

Base Tax Factor means the Taxes payable for the Tax Year beginning July 1, 2007 and (y) the term “Base Operating Factor” shall mean the Operating Expenses paid or incurred with respect to the Operating Year beginning January 1, 2007. Fair market rental value shall be determined by taking into account (1) the condition of the premises in its then “as is” condition, (2) that Landlord has no obligation to perform any work to prepare the Premises for Tenant’s occupancy or to reimburse Tenant for any Alterations to be made by Tenant, (3) that Landlord has no obligation to give Tenant any free rent during the Renewal Term or any other rental concessions, and (4) that the Base Tax Factor and Base Operating Factor will be changed, but without taking into account the fact that (x) the Premises are then encumbered by this Lease giving Tenant the right to extend the Term and (y) Landlord is not paying a full brokerage commission with respect to the Renewal Term as if such Term were a new lease of the Premises. Subject to clause (iv) above, during the Renewal Term, all Escalation Rent that Tenant is obligated to pay under this Lease during the initial Term hereof shall continue without interruption, it being the intention of the parties hereto that the Renewal Term shall be deemed a part of and continuation of the initial Term of this Lease.

Base Tax Factor means the Taxes for the 1989/1990 Tax Year.

Base Tax Factor means Taxes for the 2000-2001 Tax Year.