Examples of Property Tax Base Amount in a sentence
After the close of each tax year during the Lease Term, Landlord shall deliver to Tenant a written statement setting forth (1) the actual Property Taxes Allocable to the Premises for the preceding tax year, (2) the difference between the amount referred to in clause (1) and the Property Tax Base Amount and (3) the differential between the amount referred to in clause (2) and the sum of the tentative monthly payments toward such amount made by Tenant.
In addition to the payments required by the previous subparagraphs of this paragraph, Tenant shall pay as Additional Rent to Landlord one-twelfth (1/12) of the amount, if any, by which (a) Landlord’s estimate of the Property Taxes Allocable to the Premises for the current tax year exceeds the Property Tax Base Amount.
According to this definition we wrote down an I-Pattern to support the gap analysis concern.Following TOGAF and Quasar Enterprise, the ideal application landscape (ideal AL) should be designed according to the future / ideal business architecture.
Schedule A of the Annual Debt Service Coverage Certificate set forth in Exhibit D to the Original Loan Agreement is hereby amended to: (a) add another line item titled “Current Property Tax Base Amount for 144th Avenue GID” after the line item titled “144th Avenue GID Assessed Value;” and (b) add at the end of the line item titled “Projected Property Taxes--144th Avenue GID” the following: “(Net of Property Tax Base Amount)”.
The Operating Costs Reimbursement shall equal (1) the product of (a) Tenant’s Pro Rata Share of Operating Expenses multiplied by (b) the difference between Operating Costs minus the Operating Cost Base Amount, plus (2) the product of (a) Tenant’s Pro Rata Share of Taxes multiplied by (b) the difference between the Property Taxes minus the Property Tax Base Amount.