Tax Costs definition

Tax Costs which shall mean any and all real estate taxes and other similar charges on real property or improvements, assessments, water and sewer charges, and all other charges assessed, reassessed or levied upon the Project and appurtenances thereto and the parking or other facilities thereof, or the real property thereunder (collectively the "Real Property") or attributable thereto or on the rents, issues, profits or income received or derived therefrom which are assessed, reassessed or levied by the United States, the State of California or any local government authority or agency or any political subdivision thereof, and shall include Landlord's reasonable legal fees, costs and disbursements incurred in connection with proceedings for reduction of Tax Costs or any part thereof; provided, however, if at any time after the date of this Lease the methods of taxation now prevailing shall be altered so that in lieu of or as a supplement to or a substitute for the whole or any part of any Tax Costs, there shall be assessed, reassessed or levied (a) a tax, assessment, reassessment, levy, imposition or charge wholly or partially as a net income, capital or franchise levy or otherwise on the rents, issues, profits or income derived therefrom, or (b) a tax, assessment, reassessment, levy (including but not limited to any municipal, state or federal levy), imposition or charge measured by or based in whole or in part upon the Real Property and imposed upon Landlord, then except to the extent such items are payable by Tenant under Article 6 below, such taxes, assessments, reassessments or levies or the part thereof so measured or based, shall be deemed to be included in the term "Direct Costs." In no event shall Tax Costs included in Direct Costs for any year subsequent to the Base Year be less than the amount of Tax Costs included in Direct Costs for the Base Year. In addition, when calculating Tax Costs for the Base Year, special assessments shall only be deemed included in Tax Costs for the Base Year to the extent that such special assessments are included in Tax Costs for the applicable subsequent calendar year during the Term.
Tax Costs means the costs of taxes imposed under Chapter 5751. of the Revised Code, real estate taxes, personal property taxes, and corporate franchise taxes.
Tax Costs. An amount equal to the amount of any new or additional Tax or an increase in an existing Tax payable by the Seller in relation to the Project, as a result of a Change in Tax.

Examples of Tax Costs in a sentence

  • Xinrong Qiang, “The Effects of Contracting, Litigation, Regulation, and Tax Costs on Conditional and Unconditional Conservatism: Cross-Sectional Evidence at the Firm Level”, The Accounting Review, Vol.

  • For the protection of Lessee, Lessor shall maintain books of account which shall be open to Lessee and its representatives at all reasonable times so that Lessee can determine that such Operating, Utility and Energy and Real Estate Tax Costs have, in fact, been paid or incurred.

  • Once Lessor shall have finally determined said Operating, Utility and Energy or Real Estate Tax Costs at the expiration of a Lease Year, then as to the item so established, Lessee shall only be entitled to dispute said charge as finally established for a period of six (6) months after such charge is finally established, and Lessee specifically waives any right to dispute any such charge at the expiration of said six (6) month period.

  • The Tax Costs shall include, but not be limited to, all federal, state, county, municipal, or other governmental or quasi-governmental taxes or assessments levied upon, charged against, or assessed in connection with the use of the Property.

  • Tax Costs shall not include state, or federal income taxes owed by Landlord.


More Definitions of Tax Costs

Tax Costs means, with respect to a Class A Unit, the periodic federal income tax liability (after taking into account any suspended losses of the Class A Members under Section 704(d)) resulting from (a) the distributive share of taxable income and gain allocated by the Company to the Holder of such Class A Unit (including expected chargebacks of Company Minimum Gain pursuant to Section 4.3(a), expected chargebacks of Member Nonrecourse Debt Minimum Gain pursuant to Section 4.3(b), and expected allocations of Items of income pursuant to the first sentence of Section 12.2(a)(v)), and (b) any gain recognized by such Holder under Sections 731(a) of the Code from Cash Distributions in respect of such Class A Unit, in each case, as such federal income tax liability is determined in accordance with the Base Case Model.
Tax Costs has the meaning set forth in Section 10.03(f).
Tax Costs means Landlord's actual cost for real estate taxes and assessments, both general and special, levied or assessed against land, buildings and other improvements comprising the Shopping Center.
Tax Costs means the sum of the following: any and all real --------- estate taxes, other similar charges on real property or improvements, assessments, water and sewer charges, and all other charges assessed, levied, imposed or becoming a lien upon the Premises, in whole or in part, the real property upon which the Building is located, the Building or the appurtenances thereto and the facilities including, without limitation, hallways, common areas and landscaped areas. The Premises, the Building, the real property, the appurtenances thereto and the facilities shall collectively be referred to as the "Project." Tax costs shall include, ------- without limitation, any charge imposed, levied or assessed on the rents, issues, profits or income received or derived from the Project by the United States, the state, county or city in which the Building is located, or any other local governmental authority, agency or political subdivision. If at any time any government authority shall impose (i) a tax, assessment, levy, imposition or charge wholly or partially as a net income, capital or franchise levy or otherwise on the rents, derived from the Project and/or (ii) a tax, assessment, levy (including, but not limited to, any municipal, state or federal levy), imposition or charge measured by or based in whole or in part upon the Project and imposed upon Landlord and/or (iii) a license fee measured by the Rent payable under this Lease, then all such taxes, assessments, levies, impositions or charges shall be deemed to be included in the Tax Costs. If the assessed valuation or Tax Costs of the building for the Base Year or any other calendar year during the Lease Term shall not be based upon a completed building at least ninety-five percent (95%) occupied with all tenants paying full rent, then the Tax Costs during such year or years shall be adjusted to reflect the taxes which would have been payable for such year or years if the Building had been completed and were ninety-five percent (95%) occupied with all tenants paying full rent. Tax Costs for each tax year shall be appropriately prorated to determine the Tax Costs for the subject calendar year. Notwithstanding anything to the contrary set forth in the Lease, the amount of Tax Costs for the Base Year and any subsequent comparison year shall be calculated without taking into account any decreases in real estate taxes obtained in connection with Proposition 8 or the proposed Xxxxx Act, and, therefore, the Tax Costs in the ...
Tax Costs which shall mean any and all real estate taxes and other similar charges on real property or improvements, assessments, water and sewer charges, and all other charges assessed or levied upon the Building and appurtenances thereto and the parking or other facilities thereof, or the real property (the "Property") thereunder (collectively the "Real Property) or attributable thereto or on the rents, issues, profits or income received or derived therefrom which are assessed or levied by the United States, the State of California or any local government authority agency or any political subdivision thereof, and shall include Landlord's reasonable legal fees, costs and disbursements incurred in connection with proceedings for reduction of Tax Costs, but shall not include any net income taxes; provided, however, if after the date of this Lease the methods of taxation now prevailing shall be altered so that in lieu of or as a supplement to any Tax Costs, there shall be levied (a) a tax, assessment, levy, imposition or charge wholly or partially as a net income, capital or franchise levy or otherwise on the rents issues, profits or income derived therefrom, or (b) a tax, assessment, levy, imposition or charge measured by or based in /s/ (Tenants Name) whole or in pan upon the Real Property and imposed upon Landlord, or (c) a license fee measured by the rent payable under this Lease, then all such taxes, assessments or levies or the part thereof so measured or based, shall be deemed to be included in the term "Tax Costs."
Tax Costs has the meaning assigned to such term in Section 2.08(a) of this Agreement.
Tax Costs shall have the meaning set forth in Section 5.28(b) hereof.