Definition of First Tax Year


First Tax Year means the Tax Year immediately succeeding the Base Tax Year.
Sample 1

Examples of First Tax Year in a sentence

For purposes of computing the additional rent accruing on and after October 1999 solely for the Additional Space that is due Landlord under Section 36.4 of the Lease, as of October 1999, (A) Section 364) of the Lease shall be deleted and replaced with the following new Section 364): "First Tax Year shall mean the calendar year ending December 31, 1999.
Operating Year shall mean any calendar year thereafter; (4) First Tax Year shall mean the calendar year ending December 31, 1987.
The terms, covenants and conditions during the Initial Term, including but not limited to the definitions of First Tax Year and First Operating Year as set forth in Article 36 hereof, shall be projected and carried over into the Renewal Term, except as specifically set forth hereinafter.
For purposes of computing the additional rent accruing after the Additional Space Commencement Date that is due Landlord under Section 36.4(1) of the Lease, as of the Additional Space Commencement Date, (A) Section 36.1(4) of the Lease shall be deleted and replaced with the following new Section 36.1(4): The First Tax Year shall mean the calendar year ending December 31, 1996.
For purposes of calculating Adjusted Minimum Rent with respect to the Growth Space, the terms First Tax Year and First Operating Year shall not be amended hereby and shall continue to have their respective meanings as in effect prior to the date of this Agreement.