Common use of ASSESSMENT CREDITS Clause in Contracts

ASSESSMENT CREDITS. The demised property herein may be subject to a special ------------------ assessment levied by the City of Santa Xxxxx as part of an Improvement District. As a part of said special assessment proceedings (if any), additional bonds were or may be sold and assessments were or may be levied to provide for construction contingencies and reserve funds. Interest shall be earned on such funds created for contingencies and on reserve funds, such surpluses shall be credited for the benefit of said assessment district. To the extent surpluses may be created in said district through unused contingency funds, interest earnings or reserve funds, such surpluses shall be deemed the property of Landlord. Notwithstanding that such surpluses may be credited on assessments otherwise due against tile Leased Premises, Tenant shall pay to Landlord, as additional rent if, and at the time of any such credit of surpluses, an amount equal to all such surpluses so credited.

ASSESSMENT CREDITS. The demised property herein may be subject to a special ------------------ assessment levied by the City of Santa Xxxxx as Clarx xx part of an Improvement District. As a part of said special assessment proceedings (if any), additional bonds were or may be sold and assessments were or may be levied to provide for construction contingencies and reserve funds. Interest shall be earned on such funds created for contingencies and on reserve funds, such surpluses shall funds which will be credited for the benefit of said assessment district. To the extent surpluses may be are created in said district through unused contingency funds, interest earnings or reserve funds, such surpluses shall be be-deemed the property of Landlord. Notwithstanding that such surpluses may be credited on assessments otherwise due against tile the Leased Premises, Tenant shall pay to Landlord, as additional rent if, and at the time of any such credit of surpluses, an amount equal to all such surpluses so credited.. For

ASSESSMENT CREDITS. The demised property herein may be subject to a ------------------ special ------------------ assessment levied by the City of Santa Xxxxx Sunnyvale as part of an Improvement District. As a part of said special assessment proceedings (if any), additional bonds were or may be sold and assessments were or may be levied to provide for construction contingencies and reserve funds. Interest shall be earned on such funds created for contingencies and on reserve funds, such surpluses shall funds which will be credited for the benefit of said assessment district. To the extent surpluses may be are created in said district through unused contingency funds, interest earnings or reserve funds, such surpluses shall be deemed the property of Landlord. Notwithstanding that such surpluses may be credited on assessments otherwise due against tile the Leased Premises, Tenant shall pay to Landlord, as additional rent if, and at the time of any such credit of surpluses, an amount equal to all such surpluses so credited.

ASSESSMENT CREDITS. The demised property herein may be subject to a ------------------ special ------------------ assessment levied by the City of Santa Xxxxx as part of an Improvement District. As a part of said special assessment proceedings (if any), additional bonds were or may be sold and assessments were or may be levied to provide for construction contingencies and reserve funds. Interest shall be earned on such funds created for contingencies and on reserve funds, such surpluses shall funds which will be credited for the benefit of said assessment district. To the extent surpluses may be are created in said district through unused contingency funds, interest earnings or reserve funds, such surpluses shall be deemed the property of Landlord. Notwithstanding that such surpluses may be credited on assessments otherwise due against tile the Leased Premises, . Tenant shall pay to Landlord, as additional rent if, and at the time of any such credit of surpluses, an amount equal to all such surpluses so credited.