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 1997-1998 tax year, 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. "
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Samples: Office Lease (Paulson Capital Corp)
Additional Rent-Tax Adjustment. Whenever for any July 1 - — June 30 tax year, year the real property taxes levied against the Building and its underlying land exceed those levied for the 19972005-1998 2006 tax year, 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’s Proportionate Share. "“
Appears in 1 contract
Samples: Office Lease (Imageware Systems Inc)
Additional Rent-Tax Adjustment. Whenever for any July 1 - — June 30 tax year, year the real property taxes levied against the Building and its underlying land exceed those levied for the 1997-1998 2005 — 2006 tax year, 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’s Proportionate Share. "“
Appears in 1 contract
Samples: Office Lease (Pixelworks, Inc)
Additional Rent-Tax Adjustment. Whenever for any July 1 - June 30 tax year, year the real property taxes levied against the Building and its underlying land exceed those levied for the 1997-1998 1998- 199 tax year, 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. "
Appears in 1 contract
Additional Rent-Tax Adjustment. Whenever for any July 1 - June 30 tax year, year the real property taxes levied against the Building and its underlying land exceed those levied for the 1997-1998 tax year, 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. "tax
Appears in 1 contract
Samples: Office Lease (Webtrends Corp)
Additional Rent-Tax Adjustment. Whenever After the property has been fully assessed, which is presumed to be the tax year 1999-2000, for any July 1 - June 30 tax year, the real property taxes levied against the Building and its underlying land and the land for the surface parking lot across the street, so long as this is available for use by Tenant, it’s customers and invitees, exceed those levied for the 1997first year the property is fully assessed (or the 1999-1998 2000 tax year, whichever is later), 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’s Proportionate Share. "“
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Samples: Office Lease (Eschelon Telecom Inc)
Additional Rent-Tax Adjustment. Whenever for any July 1 - June 30 tax year, year the real property taxes levied against the Building and its underlying land exceed those levied for the 1997-1998 - 1999 tax year, 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. Effective February 1, 2004 the base tax year will be 2003-2004. "
Appears in 1 contract
