Common use of Additional Rent-Tax Adjustment Clause in Contracts

Additional Rent-Tax Adjustment. Whenever for any July 1 - June 30 tax year the real property taxes levied against the Building and its underlying land exceed those levied for the 1996 - 1997 tax year, than the monthly rental for the next succeeding calendar year shall be increased by one-twelfth of such tax increase times Tenant's proportionate share. "Real property taxes" as used herein means all taxes and assessments of any public authority against the Building and the land on which it is located, the cost of contesting any tax and any form of fee or charge imposed on Landlord as a direct consequence of owning or leasing the Premises, including but not limited to rent taxes, gross receipt taxes, leasing taxes, or any fee or charge wholly or partially in lieu of or in substitution for ad valorem real property taxes or assessments, whether now existing or hereafter enacted. If any portion of the Building is occupied tax-exempt tenant so that the Building has a partial tax exemption under ORS 307.112 or a similar statute, than real property taxes shall mean taxes computed as if such partial exemption did not exist. If a separate assessment or identifiable tax increase arises because of improvements to the Premises, than Tenant shall pay 100 percent of such increase.

Additional Rent-Tax Adjustment. Whenever for any July 1 - June 30 tax year the real property taxes levied against the Building and its underlying land exceed those levied for the 1996 N/A - 1997 N/A tax year, than then the monthly rental for the next succeeding calendar year shall be increased by one-twelfth of such tax increase times Tenant's proportionate shareProportionate Share. "Real property taxes" as used herein means all taxes and assessments of any public authority against the Building and the land on which it is located, the cost of contesting any tax and any form of fee or charge imposed on Landlord as a direct consequence of owning or leasing the Premises, including but not limited to rent taxes, gross receipt taxes, leasing taxes, or any fee or charge wholly or partially in lieu of or in substitution for ad valorem real property taxes or assessments, whether now existing or hereafter enacted. If any portion of the Building is occupied by a tax-exempt tenant so that the Building has a partial tax exemption under ORS 307.112 or a similar statute, than then real property taxes shall mean taxes computed as if such partial exemption did not exist. If a separate assessment or identifiable tax increase arises because of improvements to the Premises, than then Tenant shall pay 100 percent of such increase.

Additional Rent-Tax Adjustment. Whenever for any July 1 - June 30 tax year the real property taxes levied against the Building and its underlying land exceed those levied for the 1996 - 1997 tax year, than then the monthly rental for the next succeeding calendar year shall be increased by one-twelfth of such tax increase times Tenant's proportionate shareProportionate Share. "Real property taxes" taxes as used herein means all taxes and assessments of any public authority against the Building and the land on which it is located, the cost of contesting any tax and any form of fee or charge imposed on Landlord as a direct consequence of owning or leasing the Premises, including but not limited to rent taxes, gross receipt taxes, leasing taxes, or any fee or charge wholly or partially in lieu of or in substitution for ad valorem real property taxes or assessments, whether now existing or hereafter enacted. If any portion of the Building is occupied by a tax-exempt tenant so that the Building has a partial tax exemption under ORS 307.112 or a similar statute, than then real property taxes shall mean taxes computed as if such partial exemption did not exist. If a separate assessment or identifiable tax increase arises because of improvements to the Premises, than then Tenant shall pay 100 percent of such increase.

Additional Rent-Tax Adjustment. Whenever for any July 1 - June 30 tax year the real property taxes levied against the Building and its underlying land exceed those levied for the 1996 - 1997 1 996-1 997 tax year, than then the monthly rental for the next next' succeeding calendar year shall be increased by one-twelfth of such tax increase times Tenant's proportionate share. "Real property taxes" as used herein means all taxes and assessments of any public authority against the Building and the land on which it is located, the cost of contesting any tax and any form of fee or charge imposed on Landlord as a direct consequence of owning or leasing the Premises, including but not limited to rent taxes, gross receipt taxes, leasing taxes, or any fee or charge wholly or partially in lieu of or in substitution for ad valorem real property taxes or assessments, whether now existing or hereafter enacted. If any portion of the Building is occupied by a tax-exempt tenant so that the Building has a partial tax exemption under ORS 307.112 307.1 12 or a similar statute, than then real property taxes shall mean taxes computed as if such partial exemption did not exist. If a separate assessment or identifiable tax increase arises because of improvements to the Premises, than then Tenant shall pay 100 percent of such increase.

Additional Rent-Tax Adjustment. Whenever for any July 1 - June 30 tax year the real property taxes levied against the Building and its underlying land exceed those levied for the 1996 - 1997 2009-2010 tax year, than then the monthly rental for the next succeeding calendar year shall be increased by one-twelfth of such tax increase times Tenant's proportionate share. "Proportionate Share., `Real property taxes" as used herein means all taxes and assessments of any public authority against the Building and the land on which it is located, the cost of contesting any tax and any form of fee or charge imposed on Landlord as a direct consequence of owning or leasing teasing the Premises, including but not limited to rent taxes, gross receipt taxes, leasing taxes, or any fee or charge wholly or partially in lieu of or in substitution for ad valorem real property taxes or assessments, whether now existing or hereafter enacted. If any portion of the Building is occupied by a tax-exempt tenant so that the Building has a partial tax lax exemption under ORS 307.112 or a similar statute, than then real property taxes shall mean Mean taxes computed as if .f such partial exemption did not exist. If a separate assessment or identifiable tax increase arises because of improvements to the Premises, than then Tenant shall pay 100 percent of such increase.

Additional Rent-Tax Adjustment. Whenever for any July 1 - June 30 tax year year, the real property taxes levied Wed against the Building and its underlying land exceed those levied Wed for the 1996 - 1997 199912000 tax year, than then the monthly rental for the next one succeeding calendar year shall be increased Increased by one-one twelfth of such tax increase Increase times Tenant's Tenants proportionate share. "Real property taxes" taxes as used herein means all taxes and assessments of any public authority against the Building and the land on which it is It Is located, . the cost of contesting any tax and any form of fee or charge imposed Imposed on Landlord as a direct consequence of owning or leasing the Premises, including Including but not limited to rent taxes, gross receipt taxes, leasing taxes, ,' or any fee or charge wholly or partially in In lieu of or in In substitution for ad valorem real property taxes or assessments, whether now existing or hereafter enacted. If any portion of the Building is Is occupied by a tax-exempt tenant so that the Building has a partial tax exemption under ORS 307.112 or a similar statute, than then real property taxes shall shag mean taxes computed as if If such partial tax exemption did not exist. If a separate assessment or identifiable tax increase arises because of improvements Improvements to the Premises, than then Tenant shall pay 100 percent of such increase. LANDLORD AGREES TO LIMIT ANNUAL INCREASES IN REAL ESTATE TAXES AND OPERATING EXPENSES TO 5%, ON A CUMULATIVE BASIS.