comparative year means the twelve (12) months following the base tax year, and each subsequent Period of twelve (12) months (or such other Period of twelve (12) months occurring during the term of this lease as hereafter may be duly adopted as the tax year for real estate tax purposes by the City of New York).
comparative year means the twelve (12) month period following the Base Tax Year, and each subsequent period of twelve (12) months thereafter.
More Definitions of comparative year
comparative year for purposes of this Article shall mean the twelve (12) months following the Base Year, and each subsequent period of twelve (12) months, and the term “Comparative Insurance Year” for purposes of this Article shall mean the twelve (12) month period commencing as of January 1, 2011, and each subsequent period of twelve (12) months.
comparative year means the full calendar year in which the terra of this Lease commences, and each subsequent calendar year during the Term of this Lease.
comparative year means each calendar year commencing on or after January 1, 2014, in which occurs any part of the term of this lease.
comparative year means the calendar year commencing on January 1, 1999 and each subsequent calendar year;
comparative year for the purposes of computing expense escalations shall mean the twelve (12) consecutive month period commencing on January 1, 2013 and each subsequent period of twelve (12) months during which occurs any portion of the term of this Lease.
comparative year means each calendar year commencing on or after January 1, 2014 all or a portion of which occurs during the term hereof. For purposes of determining the real estate taxes payable for a comparative year, such real estate taxes shall be determined by taking the average of the real estate taxes for the two (2) fiscal years portions of which comprise the period for the applicable calendar year (i.e., to determine the real estate taxes for the 2015 calendar year, the real estate taxes for the tax years 2014/2015 and 2015/2016 would be averaged).
comparative year for purposes of computing tax escalation shall mean the twelve (12) months following the base tax year, and each subsequent period of twelve (12) months.