Common use of Actual Property Taxes Clause in Contracts

Actual Property Taxes. Within ninety (90) days after the close --------------------- of each Lease Year during the term hereof, Landlord shall deliver to Tenant a written statement (to include all relevant tax bills and paid receipts) setting forth the Tenant's Share of Property Taxes during the preceding Lease Year. If such amount less Tenant's Share of Property Taxes for the Base Tax Year ("Tenant's Actual Share") exceeds the amount of Property Taxes actually paid by Tenant to Landlord pursuant to Section 10.2 hereof, Tenant shall pay the amount of such excess to Landlord as Additional Rent within thirty (30) days after receipt of such statement by Tenant. If such statement shows Tenant's Actual Share to be less than the amounts paid by Tenant to Landlord pursuant to Section 10.2, then the amount of such overpayment shall be credited by Landlord to the next Rent payable by Tenant. In the event such overpayment can not be fully credited by Landlord to the next monthly Rent or subsequent monthly Rent payable by Tenant due to the expiration of the term of this Lease, any remaining overpayment shall be credited by Landlord, until such credit is used up, to any other charges due under this Lease and, to the extent no such charges are due, shall be refunded to Tenant by Landlord within thirty (30) days of the Lease Expiration Date.

Appears in 3 contracts

Samples: Expansion Agreement (Call Points Inc), Deed of Lease (Vialog Corp), Lease Agreement (Vialog Corp)

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Actual Property Taxes. Within ninety one hundred twenty (90120) days after the close --------------------- of each Lease Calendar Year during the term hereofLease Term, Landlord shall deliver to Tenant a written statement (to include all relevant tax bills and paid receipts) setting forth the Tenant's Share of Property Taxes during the preceding Lease Calendar Year. If such amount less exceeds the Tenant's estimated Share of Property Taxes for the Base Tax Year ("Tenant's Actual Share") exceeds the amount of Property Taxes actually paid by Tenant to Landlord pursuant to Section 10.2 hereof10.2, Tenant shall pay the amount of such excess to Landlord as Additional Rent within thirty (30) days after receipt of such statement by Tenant. If such statement shows Tenant's Actual Share such amount to be less than the amounts amount paid by Tenant to Landlord pursuant to Section 10.2, then the amount of such overpayment shall be credited by Landlord to the next immediate Rent payable by Tenant. In Tenant shall have the event such overpayment can not be fully credited right, on an annual basis, at Landlord or Landlord's property manager's place of business, to audit any of Landlord's records to substantiate the statement delivered by Landlord to setting forth Tenant's Share of Property Taxes during the next monthly Rent preceding Calendar Year. If such audit shows any variance from Landlord's statement of Tenant's Share of Property Taxes for the preceding Calendar Year, Landlord or subsequent monthly Rent payable by Tenant due to Tenant, as the expiration of the term of this Lease, any remaining overpayment shall be credited by Landlord, until such credit is used up, to any other charges due under this Lease and, to the extent no such charges are duecase may be, shall be refunded to Tenant by Landlord reimburse the other for such variance within thirty (30) days after demand therefor. To the extent such audit reveals a discrepancy in Tenant's favor greater than five percent (5%), Landlord shall reimburse Tenant for the reasonable costs of the Lease Expiration Datesuch audit within thirty (30) days after demand for such reimbursement.

Appears in 1 contract

Samples: Lease (Fuisz Technologies LTD)

Actual Property Taxes. Within ninety (90) days after the --------------------- close --------------------- of each Lease Year during the term Term hereof, Landlord shall deliver to Tenant a written statement (to include all relevant tax bills and paid receipts) setting forth the Tenant's Share of Property Taxes during the preceding Lease Year. If such amount less Tenant's Share of Property Taxes for the Base Tax Year ("Tenant's Actual Share") exceeds the amount of Property Taxes actually paid by Tenant to Landlord pursuant to Section 10.2 hereof, Tenant shall pay the amount of such excess to Landlord as Additional Rent within thirty (30) days after receipt of such statement by Tenant. If such statement shows Tenant's Actual Share to be less than the amounts paid by Tenant to Landlord pursuant to Section 10.2, then the amount of such overpayment shall be credited by Landlord to the next Rent payable by Tenant. In the event such overpayment can not be fully credited by Landlord to the next monthly Rent or subsequent monthly Rent payable by Tenant due to the expiration of the term Term of this Lease, any remaining overpayment shall be credited by Landlord, until such credit is used up, to any other charges due under this Lease and, to the extent no such charges are due, shall be refunded to Tenant by Landlord within thirty (30) days of the Lease Expiration Date.

Appears in 1 contract

Samples: Commencement Date Agreement (Vialog Corp)

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Actual Property Taxes. Within ninety (90) days after the close --------------------- of each Lease Year during the term hereof, Landlord shall deliver to Tenant a written statement (to include all relevant tax bills and paid receipts) setting forth the Tenant's Share of Property Taxes during the preceding Lease Year. If such amount less Tenant's Share of Property Taxes for the Base Tax Year ("Tenant's Actual Share") exceeds the amount of Property Taxes actually paid by Tenant to Landlord pursuant to Section 10.2 hereof, Tenant shall pay the amount of such excess to Landlord as Additional Rent within thirty (30) days after receipt of such statement by Tenant. If such statement shows Tenant's Actual Share to be less than the amounts paid by Tenant to Landlord pursuant to Section 10.2, then the amount of such overpayment shall be credited by Landlord to the next Rent payable by Tenant. In the event such overpayment can not be fully credited by Landlord to the next monthly Rent or subsequent monthly Rent payable by Tenant due to the expiration of the term of this Lease, any remaining overpayment shall be credited by Landlord, until such credit is used up, to any other charges due under this Lease and, to the extent no such charges are due, shall be refunded to Tenant by Landlord within thirty (30) days of the Lease Expiration Date.

Appears in 1 contract

Samples: Lease (Tel Save Com Inc)

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