Common use of Allocation of Tax Clause in Contracts

Allocation of Tax. If the Tax or any portion thereof that may be payable by the Tenant by reason of this Lease, depends upon an assessment or an approximation of an assessment which has not been made by the taxing authority or authorities having jurisdiction, the Landlord shall determine the same; any such determination made by the Landlord shall be binding upon the Tenant unless shown to be unreasonable or erroneous in some substantial respect. The Landlord shall have the right from time to time to reasonably allocate and re-allocate Taxes not charged separately to the various buildings (including the Building) and the parking garages located on the Lands.

Appears in 9 contracts

Samples: Indemnity Agreement (Coley Pharmaceutical Group, Inc.), Indenture (VeriChip CORP), Indemnity Agreement (Coley Pharmaceutical Group, Inc.)

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Allocation of Tax. If the Tax or any portion thereof that may be payable by the Tenant by reason of this Lease, depends upon an assessment or an approximation of an assessment which has not been made by the taxing authority or authorities having jurisdiction, the Landlord Landlord, acting reasonably shall determine the same; any such determination made by the Landlord shall be binding upon the Tenant unless shown to be unreasonable or erroneous in some substantial respect. The Landlord shall have the right from time to time to reasonably allocate and re-re allocate Taxes not charged separately to the various buildings (including the Building) and the parking garages located on the Lands.

Appears in 1 contract

Samples: Lease Entire Agreement (Mitel Networks Corp)

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