Monthly Tax Payment definition

Monthly Tax Payment defined in Section 4.3. NAICS: defined in Section 11.9.
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Monthly Tax Payment defined in Section 4.3.
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Monthly Tax Payment means the monthly sum of $9,496.83, or such increased amount which shall result from any recomputation thereof under Section A-4.02.
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Examples of Monthly Tax Payment in a sentence

  • Tenant’s first Monthly Tax Payment after receipt of Landlord’s Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 for such Lease Year.

  • Tenant’s first Monthly Tax Payment after receipt of Landlord’s Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 for such Lease Year (the “Tax Differential”).

  • Notwithstanding the foregoing, if at any time during any lease year Landlord shall determine that the Monthly Tax Payment will be insufficient to pay the Taxes as they come due, Landlord may, at its election, require Tenant to pay the amount of the deficiency in one payment or increase the Monthly Tax Payment.

  • The amount of each Monthly Tax Payment shall be determined by reference to the Monthly Tax Payment for the corresponding calendar month of the previous Lease Year, as adjusted to reflect any reassessment, tax increase or change of due date therefor of which Tenant has received Notice from Landlord at least twenty (20) days prior to the date on which such Monthly Tax Payment is due and payable.

  • Sublessee's Share of such Tenant's Monthly Tax Payment shall be prorated for any period for which such taxes were paid which is applicable to any period occurring prior to the Commencement Date or following the Expiration Date.

  • The Monthly Tax Payment for January of each year during the Term of this Lease shall be due upon the later to occur of January 1 of the given year or ten (10) calendar days following Lessee's receipt of Lessor's Tax Payment Notice.

  • Thereafter, if Sublessee exercises its options to extend the initial term of this Sublease, the Additional Rent may be adjusted to reflect adjustments in Tenant's Monthly Payment and Tenant's Monthly Tax Payment under the Master Lease; provided, however, in no event shall the Additional Rent payable by Sublessee in any calendar year exceed 106% of the Additional Rent payable by Sublessee during the immediately preceding calendar year.

  • Tenant's first Monthly Tax Payment after receipt of Landlord's Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Tax Billing Period which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under this Article 6 for such Tax Billing Period.

  • Lessee’s first Monthly Expense Payment and/or Monthly Tax Payment after receipt of an Expense Statement or a Tax Statement shall be accompanied by Lessee’s payment of the difference between Lessee’s Monthly Expense Payments or Monthly Tax Payments, as applicable, actually paid to date by Lessee during the applicable Lease Year, and the amount of Lessee’s Share of Operating Expenses or Taxes, as applicable, shown on the new Statement applicable to the current Lease Year.

  • Tenant’s first Monthly Tax Payment after receipt of Landlord’s Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the calendar year which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 for such calendar year.


More Definitions of Monthly Tax Payment

Monthly Tax Payment shall have the meaning given to such term in Section 4.3(c) hereof.
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Monthly Tax Payment shall have the meaning given such term in Section 3.3 of this Lease.
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Monthly Tax Payment means an amount equal to one-twelfth (1/12th) of one hundred five percent (105%) of the amount that was required to pay Taxes on the last occurring Tax Discount Date (as such base amount is adjusted by Mortgagee, in its sole but reasonable determination, to take into account known or anticipated changes that will affect the amount of Taxes due on the next occurring Tax Discount Date, including, without limitation, changes in tax rates, special assessments, and adjustments in assessed values); (ii) the term "Monthly Insurance Premium Payment" shall mean an amount equal to one-twelfth (1/12th) of one hundred five percent (105%) of the amount that was required to pay Insurance Premiums on the date when such Insurance Premiums were last due (as such base amount is adjusted by Mortgagee, in its sole but reasonable determination, to take into account known or anticipated changes that will affect the amount of Insurance Premiums next due, including, without limitation, changes in replacement values and premium rates); (iii) the term "Monthly Reserve Payment" shall mean an amount equal to one-twelfth (1/12th) of (A) twice the sum of the then required Monthly Tax Payment and the then required Monthly Insurance Premium Payment less (B) the balance of the Escrow Reserve Funds (as hereinafter defined) at the time of Mortgagee's last periodic analysis thereof; and (iv) the term "Monthly Escrow Payment" shall mean the sum of the Monthly Tax Payment, Monthly Insurance Payment, and Monthly Reserve Payment then required by Mortgagee.
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Monthly Tax Payment defined in Section 4.3. Mortgage: defined in Section 23.1(a).
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Monthly Tax Payment shall have the meaning set forth in Section 7.2.1(c) hereof.
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Related to Monthly Tax Payment

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Base Tax Year means the property tax levy year used

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).

  • Gross-Up Payment shall have the meaning set forth in Section 6.2 hereof.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

  • Assumed Monthly Payment With respect to (a) any Mortgage Loan that is a Balloon Mortgage Loan delinquent in respect of its Balloon Payment beyond the Determination Date immediately following its scheduled maturity date (as such date may be extended in connection with a bankruptcy, insolvency or similar proceeding involving the related Borrower or by reason of a modification, waiver or amendment granted or agreed to by the Master Servicer or the Special Servicer), for that scheduled maturity date and for each subsequent Due Date as of which such Mortgage Loan remains outstanding and part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due with respect to such Mortgage Loan on such Due Date equal to the amount (exclusive of Default Interest and any Post-ARD Additional Interest) that would have been due in respect thereof on such Due Date if such Mortgage Loan had been required to continue to accrue interest in accordance with its terms, and to pay principal in accordance with the amortization schedule (if any), in effect immediately prior to, and without regard to the occurrence of, such maturity date; and (b) any REO Mortgage Loan, for any Due Date as of which the related REO Property (or, in the case of any REO Mortgage Loan that is a successor to any Mortgage Loan in a Loan Combination, any interest in the related REO Property) remains part of the Trust Fund, the scheduled monthly payment of principal and/or interest deemed to be due in respect thereof on such Due Date equal to the Monthly Payment (or, in the case of a Balloon Mortgage Loan described in clause (a) of this definition, the Assumed Monthly Payment) that was due (or deemed due) with respect to the related Mortgage Loan on the last Due Date prior to its becoming an REO Mortgage Loan.

  • Property tax increment means the amount obtained by:

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Initial Monthly Payment Fund An amount representing scheduled principal amortization and interest at the Net Mortgage Rate for the Due Date in the first Due Period commencing subsequent to the Cut-off Date for those Mortgage Loans for which the Trustee will not be entitled to receive such payment, and as more specifically defined in the Series Supplement.

  • Monthly Fee means the total consideration, including but not limited to, equipment or locker rental,

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.