Tax Base definition

Tax Base means the values as reflected in the officially approved valuation roll of the municipality.

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Tax Base shall be the amount stated in Exhibit 1 and shall apply to a Tax Period of twelve (12) months. Tax Base shall be reduced pro rata if and to the extent that the Tax Period contains fewer than twelve (12) months.

Tax Base means the annual per rentable square foot factor finally established to be the annual per rentable square foot factor to be used in computing payments in lieu of taxes for the tax year beginning July 1, 1999.

Examples of Tax Base in a sentence

• Tenant's proportionate share of Property Taxes shall equal the product of the rentable floor area of the Premises multiplied by the difference of (i) Property Taxes per rentable square foot less (ii) the Property Tax Base set forth in Item 7 of the Basic Lease Provisions.

• If actual Property Taxes or Building Costs allocable to Tenant during any Expense Recovery Period are less than the Property Tax Base or the Building Cost Base, respectively, Landlord shall not be required to pay that differential to Tenant, although Landlord shall refund any applicable estimated payments collected from Tenant.

• Tenant’s proportionate share of Property Taxes shall equal the product of the rentable floor area of the Premises multiplied by the difference of (i) Property Taxes per rentable square foot less (ii) the Property Tax Base set forth in Item 7 of the Basic Lease Provisions.

• If in any Tax Period the Taxes exceed the Tax Base, Tenant shall pay to Landlord Tenant’s Proportionate Share of such excess, such amount being hereinafter referred to as “Tax Excess”.

• 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.

More Definitions of Tax Base

Tax Base means tax base as defined in International Accounting Standard 12 of IFRS or any International Accounting Standard replacing Interna-

Tax Base means, net income, gross income, gross receipts, revenue or any other measure upon which the assessment or determination of Tax liability is based.

Tax Base means the values as reflected in the officially approved valuation roll of the municipality. “urban land” means land which is situated within a proclaimed township.

Tax Base means the average of the products obtained by multiplying (i) the amounts for which the tax lot(s) of which the Unit forms a part is assessed for the purpose of establishing real estate taxes to be paid by Landlord for the Tax Year (as defined in Section 36(a) hereof) commencing July 1, 1996 and ending June 30, 1997 and for the Tax Year commencing July 1, 1997 and ending June 30, 1998, by (ii) the real estate tax rates for such Tax Years, respectively.

Tax Base means business income, before apportionment or allocation as provided in chapter 3, even if zero or negative, subject to the adjustments in this section.

Tax Base means the real estate taxes due and payable for the fiscal year from July 1, 1997 to June 30, 1998. If real estate taxes applicable to any lease year are greater than the tax base, the Tenant shall pay as additional rent for such lease year a sum equal to 2.7% of the amount by which real estate taxes applicable to a lease year are greater than the tax base (hereinafter called "Tenant's tax payment"). In the event real estate taxes applicable to a lease year are greater than the tax base, the Landlord may give the Tenant, within ninety (90) days after the end of such lease year, or within ninety (90) days after Landlord is notified of such tax, notice of Tenant's tax payment for such lease year; provided, however, that if this lease expires or is terminated during such lease year, Tenant's tax payment shall be limited to an amount equal to Tenant's tax payment for such lease year apportioned as of the date of such expiration or termination, and the Tenant shall make payment of Tenant's tax payment or of the same as apportioned within thirty (30) days after the giving of such notice, notwithstanding the fact that this lease has expired or has been terminated prior to the time of the giving of such notice. In the event the Landlord shall receive any refund as a result of a reduction in real estate taxes for any lease year after the first lease year and a Tenant's tax payment for such lease year has been made by the Tenant, the Landlord shall remit to the Tenant a sum equal to 2.7% of the refund received by the Landlord for such lease year, after deducting from such refund all expenses incurred by the Landlord in connection with obtaining the same, including attorneys' fees. At Landlord's option, any additional rent attributable to an increase in real estate taxes, or any decrease in rent due to a decrease in real estate taxes, shall be payable by Tenant, or credited to Tenant, as the case may be, on a monthly basis allocated evenly over the number of months in the lease year, or balance of the lease year if such increase or decrease shall be effective during the middle of a lease year.

Tax Base means the Taxes for the Tax Year (as defined in Section 4.1(c)) commencing January 1, 1997 and ending on December 31, 1997.