Basic Tax definition
Examples of Basic Tax in a sentence
If Taxes payable in any Tax Escalation Year shall be in such amount as shall constitute an increase above Owner's Basic Tax Liability, the Fixed Rent for such Tax Escalation Year shall be increased by a sum equal to Tenant's Proportionate Share of any such increase in Taxes.
In determining the fair market rent, all relevant factors shall be considered including, but not limited to, a) the fact that the Premises have been built out and their then current condition and b) the provisions of Article 3 of this Lease including, without limitation the Basic Tax and the Base Wage Rate, each of which are based on the calendar 2011 base year and both the Base Wage Rate and Base Tax shall continue to be utilized without change during the Extension Term.
Lessee may not obtain any portion of the benefits which may accrue to Lessor from any reduction in Real Estate Taxes for any year below those imposed in the Basic Tax Year.
If Taxes payable in any ----- Tax Escalation Year shall be in such amount as shall constitute an increase above Owner's Basic Tax Liability, the Fixed Rent for such Tax Escalation Year shall be increased by a sum equal to Tenant's Proportionate Share of any such increase in Taxes.
The rate also Basic Tax Basic Taxes shall include radiography of field joints, field testing, etc.
Excavation shall include the removal of WBM roadway surfaces, brick surfacing, including dressing, compaction of the bottoms of the excavation, shoring and strutting wherever required, dewatering whenever required, removal of the excavated soil, stockpiling and Basic Tax Basic Taxes disposal of surplus excavated soil off-site as directed by the Employer's Representative.
Furthermore, the tax indemnity provisions of the Basic Tax Sharing Agreement shall be applicable with respect to the payment by VRI of such taxes.
In consideration of the fee paid to NATIONWIDE by CUSTOMER, NATIONWIDE shall, at least on an annual basis, provide the following service: Basic Tax Service: Basic Service applies to one property address with one valid Tax ID/Parcel number and/or Loan number.
ARCO and VRI and its subsidiaries have agreed to amend Section 7(b) of the Basic Tax Sharing Agreement to incorporate their full and final agreement with respect to certain provisions of the Stock Purchase Agreement that require ARCO to make certain payments to VRI in the event of a deconsolidation of VRI and to clarify the application of Section 7(b) to certain Designated Credits.
In the event a conflict arises between the terms of the Basic Tax --------- Sharing Agreement as amended by this Third Amendment and the terms of the Stock Purchase Agreement during any Taxable Year in which the Basic Tax Sharing Agreement and this Third Amendment are in effect, the terms of the Basic Tax Sharing Agreement and this Third Amendment shall control.