Tax Escalation definition

Tax Escalation means the tax escalation referred to in Section 4(b) of the Lease;

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Tax Escalation means the amount by which the Taxes imposed, assessed, levied, rated or charged against the Building in any Lease Year, exceed the amount of the Taxes imposed, assessed, levied, rated or charged against the Building for the Lease Year from September 1st, 1999, to August 31st, 2000.

Tax Escalation. As used in this Section 6, these words and terms shall have the following meanings:

Examples of Tax Escalation in a sentence

• In accordance with the Contract the planned works comprise the extension including raising and expansion of the embankment bodies within three sections, i.e.: • Task no.

• Tenant’s Tax Escalation shall be estimated in good faith by Landlord at the beginning of each Tax Fiscal Year, and thereafter be payable to Landlord in equal estimated monthly installments together with the payment of Base Rent, subject to readjustment when the actual amount of Taxes is determined.

• Owner shall render to Tenant, either in accordance with the provisions of Article 27 or by personal delivery at the Demised Premises, an Owner's Tax Statement with respect to each Tax Escalation Year, either prior to or during such Tax Escalation Year.

• If Taxes payable in any Tax Escalation Year shall be in such amount as shall constitute an increase above Owner's Basic Tax Liability, the Fixed Rent for such Tax Escalation Year shall be increased by a sum equal to Tenant's Proportionate Share of any such increase in Taxes.

• Tenant’s Tax Escalation, Tenant’s Operating Cost Escalation, Water Service Charge and/or Tenant’s Electricity Costs and all other sums (other than Base Rent) payable by Tenant to Landlord under this Lease.

• Owner's failure to render an Owner's Tax Statement with respect to any Tax Escalation Year shall not prejudice Owner's right to recover any sums due to Owner hereunder with respect to such Tax Escalation Year, nor shall it deprive Tenant of any credit to which it otherwise might be entitled with respect to such Tax Escalation Year pursuant to the provisions of Subsection D of this Section 23.03.

• If Tenant's estimated payments of the Tax Escalation and Expense Escalation exceed the amount due Landlord for such calendar year, Landlord shall apply such excess as a credit against Tenant's other obligations under this Lease or promptly refund such excess to Tenant if the Term has already expired, provided Tenant is not then in default hereunder, in either case without interest to Tenant.

• Tenant's Tax Escalation, Tenant's Insurance Escalation, --------------- Tenant's Electricity Costs, Tenant's Operating Cost Escalation and/or Other Additional Rent.

• Owner shall render to Tenant, either in accordance with the provisions of Article 27 or by personal delivery at the Demised Premises or by regular mail to the same address as Fixed Rent bills are sent by Owner, an Owner's Tax Statement with respect to each Tax Escalation Year, either prior to or during such Tax Escalation Year.

• Within thirty (30) days after receipt of such report, Tenant shall pay to Landlord the amount of the Tax Escalation and Expense Escalation due for such calendar year minus any payments of the Tax Escalation and Expense Escalation made by Tenant for such year.

More Definitions of Tax Escalation

Tax Escalation. LESSEE shall be responsible for payment of Additional Rent attributable to increases in the municipal real estate taxes on the Building and land on which it situated, (based on a FY 2001 base), as set forth in Section 4 of the Lease, at the payment intervals and on the terms and conditions set forth in said Section 4. C. PRE-AMENDMENT BASES LESSEE shall be responsible for payment of all Additional Rent attributable to Operating Expense Escalation and Tax Escalation under the original Lease (prior to its amendment hereby) as stated in said original Lease for Current Leased Premises for the incremental period up to the start of Lease Year 1 hereunder. 5. CONDITION OF THE CURRENT LEASED PREMISES AND ADDITIONAL PREMISES * = CONFIDENTIAL TREATMENT REQUESTED: MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. LESSOR and LESSEE acknowledge that LESSOR shall deliver and LESSEE shall accept delivery of the Current Leased Premises on an "as is" basis, without any further work by LESSOR. LESSOR and LESSEE acknowledge that LESSOR shall deliver and LESSEE shall accept delivery of the Additional Premises on the Delivery Date as follows: Subject only to the following provisions of this Section 7, the Additional Premises shall be delivered in an "as is" condition as of the date of this execution of this First Lease Amendment without representation or warranty as to the condition or the suitability of the Additional Premises for any of LESSEE's particular uses and activities. Notwithstanding the foregoing "as is" delivery, LESSOR specifically agrees that prior to its delivery of the Additional Premises to the LESSEE, LESSOR at its sole cost and expense, shall perform the following: (i) the Additional Premises shall be repainted and cleaned; (ii) the corridor entry to the laboratory across from the entry will be recarpeted; (iii) an environmental certification from a licensed professional (as such term is used and defined in the Massachusetts Contingency Plan) that the Additional Premises is not in violation of applicable environmental laws (consistent with the same standards set forth in Section 26 of the Lease) shall be provided to LESSEE. No other specific repairs or replacements by LESSOR are required. If LESSOR is unable to fulfill the conditions set forth above as (i) - (iii) of this Section, by the actual Delivery Date, and fails to fulfill said conditions within twenty (20) days after written notice from LESSEE of such failure (in whole or in part),...