Additional Rent – Real Estate Taxes. LESSEE, in addition to the sums payable to LESSOR as Annual Base Rent as determined in Section 2 hereof, shall pay to LESSOR for each year (or portion thereof, as applicable) of the Lease Term, as Additional Rent, LESSEE’s Allocable Percentage of all sums attributable to the municipal real estate taxes on the Building and land on which it is situated (“Taxes”) allocable to said year) (herein the “Additional Real Estate Tax Rent”). Notwithstanding the foregoing, LESSOR shall be under no obligation to file for any abatement of taxes for FY 2014 or any other fiscal year, and LESSEE shall pay all amounts as invoiced by LESSOR, receiving a rebate based on its Allocable Percentage only if an abatement is sought and received by LESSOR. LESSEE shall pay its Allocable Percentage of Additional Real Estate Tax Rent to LESSOR based on a prospective annual schedule prepared by the LESSOR, in monthly increments based on said schedule, with each monthly payment of Annual Base Rent due hereunder. Within one hundred twenty (120) days of the close of each tax year, LESSOR shall adjust the prior year’s schedule of Additional Real Estate Tax Rent to account for actual and properly accrued costs, expenses, and liabilities, and shall issue LESSEE a refund or deficiency statement for that year, as appropriate. LESSEE shall pay any deficiency shown thereon within thirty (30) days of its receipt of said Operating Statement. Any rebates due LESSEE (not contested by LESSOR) shall, in LESSOR’s reasonable discretion, be credited toward current monthly Additional Real Estate Tax Rent or paid to LESSEE within thirty (30) days. LESSOR shall keep complete books and records regarding Operating Expenses and Taxes at LESSOR’s principal offices, as to which LESSEE shall be given access as contemplated below during LESSOR’s normal business hours for the purpose of reviewing and copying (at LESSEE’s expense except as otherwise set forth herein). LESSOR shall retain all records of Operating Expenses and Taxes for at least three (3) years.
Additional Rent – Real Estate Taxes. SECTION 1. Lessor agrees to pay when due all Impositions and provide Lessee with evidence of payment; provided Lessee covenants, and agrees to pay 30 days before due, as additional rent, throughout the term of this Lease, its pro rata share (as that term is hereinafter defined) of any and all taxes, assessments (including, but not limited to, all assessments for public improvements or benefits, payable during the term of this Lease), water, sewer and other rents, rates and charges, charges for public utilities, excises, levies, licenses and permit and inspection fees and other governmental charges general and special, ordinary and extraordinary, foreseen and unforeseen, of any kind and nature whatsoever, which at any time during the term of this Lease are assessed, levied, confirmed, imposed upon, or grow or become due or payable out of or in respect of, or become a lien on (a) the Premises, or (b) the buildings and improvements from time to time on the Premises or (c) the Base Rent, any additional rent reserved or payable hereunder or any other sums payable by the Lessee hereunder relating to the Premises, or (d) this Lease or the leasehold estate hereby created or which arise in respect of the operation, possession, occupancy or use of the Premises, the improvements thereon or any part of any of them (all of which taxes, assessments, charges, interest, penalties or like charges are sometimes hereinafter referred to collectively as "Impositions" and individually as an "Imposition"); provided, however, that:
(i) If, by law, any Imposition is or may be payable, at the option of the taxpayer, in installments, the Lessee may pay such Imposition in installments and shall pay each such installment as the same respectively become due and before any fine, penalty, further interest or cost may be added thereto.
(ii) Impositions, whether or not a lien upon the Premises, shall be apportioned between Lessor and Lessee at the beginning of the term of this Lease.
Additional Rent – Real Estate Taxes. In addition to the Base Rent, Tenant shall also pay to Landlord, as Additional Rent, Tenant’s Proportionate Share of all Real Estate Taxes in excess of Base Year Taxes (the “Tax Obligation”).
(i) For the purposes of this Section 3.2, the following words and terms shall have the following meaning:
Additional Rent – Real Estate Taxes. It is expressly agreed that, in addition to Fixed Basic Rent, Lessee will pay Additional Rent to cover Lessee’s Percentage, as defined in the Preamble, of the increased cost to Lessor, of the costs enumerated below:
Additional Rent – Real Estate Taxes. In the event the real estate taxes payable by Lessor on the Premises for the fiscal year ending August 31, 1998 or any subsequent fiscal year of the term hereof, shall exceed the amount payable by Lessor for such taxes for the fiscal year ending August 31, 1997, then Lessee shall pay, as Additional Rent, that excess amount. In the event that Additional Rent is payable due to an increase in real estate taxes, then Lessor shall furnish Lessee a written statement, with copies of bills from the respective taxing authorities, which statement shall show the computation of such excess. Such Additional Rent shall be paid within thirty (30) calendar days following Lessee's receipt of Lessor's written statement. If at any time during the term hereof the methods of taxation prevailing at the commencement of the term hereof shall be altered so that in lieu of, or as a supplement to, or a substitute for the whole or any part of the real estate taxes or assessments now levied, assessed, or imposed upon the Premises, there shall be levied, assessed, or imposed any form of assessment, tax, license fee, license tax, business license fee, business license tax, excise tax, commercial rental tax, levy, charge, penalty, or other imposition by the federal or state government, any political subdivision, municipality, school district, or other taxing body, then Lessee shall pay, as the case may be, all such taxes, assessments, levies, impositions and the charges or the part thereof so measured or based, which are in lieu of or a substitute for the whole or any part of the real estate taxes or assessments now levied, assessed or imposed on the Premises that are in excess of the taxes payable with
Additional Rent – Real Estate Taxes. Tenant agrees to pay as additional rent all real estate taxes and other municipal assessments assessed against the land and building when due and before delinquent. If the assessment for the land is part of an assessment for a larger parcel of land then Tenant will pay its proportionate share of the taxes for the land based upon that amount allocated to Tenant's use as a percentage of the entire land assessment. Tenant will receive a credit for any reduction in real estate taxes paid by Tenant.
Additional Rent – Real Estate Taxes. (i) Tenant shall pay all real estate taxes affecting the building and land known as 100 Xxxx Xxxxxx, Xxxxx Xxxxx, Xxx Xxxx, more specifically known on the tax map of the Town/Village of Mount Kisco as the following section, block and lot number as follows: 80.25-2-8. Taxes shall be deemed to include all Town, State, County and Judicial real estate taxes, School District real estate taxes, Town of Mount Kisco real estate taxes and other present or subsequently imposed special district, regional district, municipal or governmental taxes imposed by any public authority, including any possible parking authority taxes. Tenant shall have the right to make application, in the name of the Landlord, for the reduction of any tax assessments and to institute tax review proceedings in the Landlord's name at Tenant's sole cost and expense. Notwithstanding the foregoing, the Landlord reserves the right to institute his own proceeding, at Landlord’s sole cost and expense, which shall take precedence over any Tenant's action. Landlord represents that the premises is subject to a current tax certiorari proceeding. Additional rent in the form of payments for real estate related taxes shall be computed at the rate of $ 6,616.61 per month and shall be payable at the same time as the monthly rent. Amounts in excess of the total minimum payments of $ 6,616.61 per month shall be due within thirty (30) days of presentment of the Landlord of receipted tax bills for the applicable period showing that the real estate taxes exceeded the minimum amount paid by Tenant. In the event that the Landlord does not receive Tenant’s payment within said thirty day period, Landlord shall be entitled to a 4% penalty of the amount due.
Additional Rent – Real Estate Taxes. Xxxxxx agrees to ----------------------------------- pay as additional rent its proportionate share, as hereinafter set forth, of all real estate taxes assessed against the land and buildings. The proportionate share of the cost to be paid by the Tenant shall be computed on the basis of the total rentable floor area of the Demised Premises as it bears to the total rentable floor area of the Entire Premises. The Landlord and Tenant agree that Xxxxxx's proportionate share of the buildings shall be sixty-five (65%) percent. Said figure is based upon Tenant's rentable floor area of 87,680 square feet, and the total rentable floor area in the Entire Premises of 135,000 square feet. Real estate taxes for the buildings will be determined from the assessment of the land and buildings times the established mill rate. In the event real estate taxes are assessed separately against any of the demised buildings during the term of the Lease, the Landlord and Tenant agree the Tenant shall pay its proportionate share as hereinbefore set forth of the taxes attributable to the land and shall pay all of the taxes attributable to each separately assessed Demised Building.
Additional Rent – Real Estate Taxes. A. As used in this Lease:
Additional Rent – Real Estate Taxes. Tenant shall be obligated to pay to Landlord, as Additional Rent during each Lease Year, Tenant’s Percentage of Real Estate Taxes over Base Real Estate Taxes as set forth in Sections 7.02A and 7.02B hereof (“Real Estate Tax Rent”). SECURITY DEPOSIT Tenant shall deposit with Landlord a “Security Deposit” in the amount of Seven Hundred Eighty Eight Thousand Eight Hundred Twenty ($ 788,820) Dollars, as provided in Section 18.08 hereof. BROKER Xxxxx Xxxx LaSalle, Boston Massachusetts (the “Broker”). Landlord will pay a commission to said Broker as to the initial leasing of the Premises hereunder, pursuant to a separate agreement between them. The foregoing and provisions of Section 35.01 represent the full extent of Landlord’s brokerage fee and commission obligations. The following are defined terms incorporated in this Lease: “ADA” shall be as defined in Section 4.01.
