Examples of Tenant’s Proportionate Tax Share in a sentence
Tenant shall pay to Landlord or Landlord’s agent as Additional Rent, a sum (“Adjustment Amount”) equal to the sum of (i) Tenant’s Proportionate Expense Share multiplied by the amount by which (a) Operating Expenses incurred in each Calendar Year exceeds (b) Base Year Operating Expenses plus (ii) Tenant’s Proportionate Tax Share multiplied by the amount by which (a) Taxes payable with respect to each Calendar Year exceeds (b) Base Year Taxes.
Tenant shall initially pay to Landlord as additional rental, simultaneously with the payment of minimum rental called for under Section 5(a), the estimated monthly amount of Tenant’s Proportionate Tax Share of real estate taxes as set forth in Section 5(e) of Two Dollars ($2.00) per square foot, payable in equal monthly installments of Three Thousand Nine Hundred Twenty-Six Dollars ($3,926.00) as the estimated amount of Tenant’s Proportionate Tax Share.
Commencing with the Rent Commencement Date, Tenant shall pay to Landlord an amount (“Tenant’s BID Payment”) equal to Tenant’s Proportionate Tax Share of the BID Assessment for the Tax Year in which the Rent Commencement Date occurs and each Tax Year thereafter.
Tenant shall initially pay to Landlord as additional rental, simultaneously with the payment of minimum rental called for under Section 5(a), the estimated monthly amount of Tenant’s Proportionate Tax Share of real estate taxes as set forth in Section 5(c) of Nine and 35/100 Dollars ($9.35) per square foot, payable in equal monthly installments of Thirteen Thousand Two Hundred Eighty-Four and 79/100 Dollars ($13,284.79), as the estimated amount of Tenant’s Proportionate Tax Share.
If during the term of this Lease, the real estate taxes levied by the City of New York against the Land and Building shall be greater than the Base Tax, Tenant agrees to pay to Owner, as additional rent, the product of the following: (x) the amount of the excess of such real estate taxes over the Base Tax; and (y) Tenant’s Proportionate Tax Share.