Tax Excess Statement definition

Tax Excess Statement means a statement setting forth in reasonable detail the amount payable by Tenant as Tax Excess for said Tax Year. Landlord may, at its sole discretion, bxxx Tenant monthly, quarterly, semi-annually or annually for such Tax Excess. Any bxxx for a month, quarter or half-year may be rendered on an estimated basis, in which event the estimate shall be based upon the actual Taxes for such period during the immediately preceding Tax Year increased by Landlord’s reasonable estimate of what the Taxes for such period during the current Tax Year shall be. If Landlord shall render a monthly, quarterly or semi-annual bxxx on account of any Tax Year, then within one hundred eighty (180) days after the close of such Tax Year, Landlord shall render an annual bxxx for such Tax Year which annual bxxx shall make appropriate adjustment as may be necessary to reflect actual Taxes during that Tax Year, including, without limitation, any refund as may be due to Tenant, to be taken as a credit against future payments of Additional Rent due hereunder. Any bills for Tax Excess shall be due at the same time and in the same manner as the next monthly installment of Rent is due pursuant to Section IV of this Lease, or if the term of this Lease has terminated or expired, within twenty (20) days after receipt of such bxxx. Appropriate credit against Tax Excess shall be given for any refund obtained by reason of a reduction in any Taxes by the courts or other governmental agency responsible therefor. The original computation of Tax Excess, as well as reimbursement or payments of additional charges, if any, or allowances, if any, under the provisions of this Section X(a) shall be based on the original assessed valuations with adjustments to be made at a later date when the tax refund, if any, shall be paid to Landlord by the taxing authority. Expenditures for reasonable legal fees and for other similar or dissimilar reasonable expenses incurred in obtaining the tax refund shall be charged against the tax refund before the adjustments are made for the Tax Year. In no event shall Tenant be entitled to receive a credit against Tax Excess for any Tax Year in an amount greater than Tenant’s share of the Tax Excess for such Tax Year.
Sample 1
Tax Excess Statement means a statement setting forth in reasonable detail the amount payable by Tenant as Tax Excess for said Tax Year. Appropriate credit against Tax Excess shall be given for any refund obtained by reason of a reduction in any Taxes by the Courts or other governmental agency responsible therefor. The original computation as well as reimbursement or payments of additional charges, if any, or allowances, if any under the provisions of this Section X shall be based on the original assessed valuations with adjustments to be made at a later date when the tax refund, if any, shall be paid to Landlord by the taxing authority. Reasonable expenditures for legal fees and for other similar or dissimilar expenses incurred in obtaining the tax refund shall be charged against the tax refund before the adjustments are made for the Tax Year. In no event shall Tenant be entitled to receive a credit against Tax Excess for any Tax Year in an amount greater than Tenant's share of the Tax Excess for such Tax Year.
Sample 1
Tax Excess Statement means a statement setting forth in reasonable detail the amount payable by Tenant as Tax Excess for said Tax Year. Appropriate credit against Tax Excess shall be given for any refund obtained by reason of a reduction in any Taxes. The original computation of Tax Excess, as well as reimbursement or payments of additional charges, if any, or allowances, if any, under the provisions of this Section X(a) shall be based on the original assessed valuations with adjustments to be made at a later date when the tax refund, if any, shall be paid to Landlord by the taxing authority. Expenditures for legal fees and for other expenses incurred in analyzing the desirability of pursuing or obtaining the tax refund shall be charged against the tax refund before the adjustments are made for the Tax Year but, if there is no tax refund, Tenant shall be charged for such fees and other expenses as Operating Costs. In no event shall Tenant be entitled to receive a credit against Tax Excess for any Tax Year in an amount greater than Tenant’s share of the Tax Excess for such Tax Year, and in no event shall Tenant be entitled to receive a credit or refund against Rent or Additional Rent other than Tax Excess because of a reduction in Taxes.
Sample 1

Related to Tax Excess Statement

  • Adjustment Statement has the meaning set forth in Section 2.6(a).

  • Current state fiscal year means the state fiscal year for which a particular calculation is made.

  • E-Statement means an electronic version of daily confirms, monthly, quarterly or annual statements, and shareholder tax statements created with investor transaction data housed on DST’s TA2000® mutual fund record keeping system, with images available online via a secure web site.

  • Tax Statement means a statement in reasonable detail setting forth a comparison of the Taxes for a Tax Year with the Base Taxes.

  • Payment Statement As defined in Section 6.01 hereof.

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Settlement Statement has the meaning set forth in Section 3.2(a).

  • Final Statement means the statement defined in Sub-Clause 14.11 [Application for Final Payment Certificate].

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Monthly Statement The statement delivered to the Certificateholders pursuant to Section 4.06.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Account Statement means a periodic statement of the transactions credited or debited to an Account;

  • Tax Package shall have the meaning set forth in Section 5.5.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Landlord’s Statement means an instrument or instruments containing a comparison of any increase or decrease in the Rent for the preceding Comparison Year pursuant to the provisions of this Article 28.

  • Distribution Date Statement As defined in Section 4.02(a).

  • Payment Date Statement means a report prepared by the Administrator setting forth certain information relating to the Reference Pool, the Notes, the Reference Tranches and the hypothetical structure described in the Offering Memorandum, which will be in such form as is required under the Offering Memorandum and otherwise as agreed upon between the Administrator and the Indenture Trustee.

  • Operating Statement shall have the meaning given to such term in Section 10.5.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $152,300.00 plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.