Common use of INCREASE IN REAL ESTATE TAXES AND SPECIAL ASSESSMENTS Clause in Contracts

INCREASE IN REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. If the real estate taxes and installments of special assessments, payable with respect to the Premises during any year shall be greater than the amount of such taxes and installments of special assessments due and payable during the base year of ______________ or the first fully assessed year, whether by reason of an increase in tax rate or an increase in the assessed valuation or otherwise, Lessee shall pay to Lessor the full amount of such increase as additional rent within thirty (30) days after notice that the same is due. Should Lessee occupy less than the whole of the property against which such taxes are assessed, Xxxxxx’s obligation hereunder shall be limited to its Proportionate Share of such increased taxes and special assessments. The amount payable by Lessee under this section shall be pro rated for the partial years, if any, in which this Lease commences and terminates.

Appears in 3 contracts

Samples: Industrial Lease Agreement, Industrial Lease Agreement, Commercial Lease Agreement

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INCREASE IN REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. If the real estate taxes and installments of special assessments, payable with respect to the Premises during any year shall be greater than the amount of such taxes and installments of special assessments due and payable during the base year of ______________ 20 or the first fully assessed year, whether by reason of an increase in tax rate or an increase in the assessed valuation or otherwise, Lessee Tenant shall pay to Lessor Landlord the full amount of such increase as additional rent within thirty (30) days after notice that the same is due. Should Lessee Tenant occupy less than the whole of the property against which such taxes are assessed, XxxxxxTenant’s obligation hereunder shall be limited to its Proportionate Share of such increased taxes and special assessments. The amount payable by Lessee Tenant under this section shall be pro rated for the partial years, if any, in which this Lease commences and terminates.

Appears in 2 contracts

Samples: Commercial Industrial Lease, Commercial Industrial Lease

INCREASE IN REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. If the real estate taxes and installments of special assessments, payable with respect to the Premises during any year shall be greater than the amount of such taxes and installments of special assessments due and payable during the base year of ______________ 2017 or the first fully assessed year, whether by reason of an increase in tax rate or an increase in the assessed valuation or otherwise, Lessee shall pay to Lessor the full amount of such increase as additional rent within thirty (30) days after notice that the same is due. Should Lessee occupy less than the whole of the property against which such taxes are assessed, XxxxxxLessee’s obligation hereunder shall be limited to its Proportionate Share of such increased taxes and special assessments. The amount payable by Lessee under this section shall be pro rated for the partial years, if any, in which this Lease commences and terminates.

Appears in 1 contract

Samples: And Industrial Lease Agreement (Eaco Corp)

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INCREASE IN REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. If the real estate taxes and installments of special assessments, payable with respect to the Premises during any year shall be greater than the amount of such taxes and installments of special assessments due and payable during the base year of ______________ 20 or the first fully assessed year, whether by reason of an increase in tax rate or an increase in the assessed valuation or otherwise, Lessee Tenant shall pay to Lessor Landlord the full amount of such increase as additional rent within thirty (30) days after notice that the same is due. Should Lessee Tenant occupy less than the whole of the property against which such taxes are assessed, Xxxxxx’s obligation hereunder shall be limited to its Proportionate Share of such increased taxes and special assessments. The amount payable by Lessee Tenant under this section shall be pro rated for the partial years, if any, in which this Lease commences and terminates.

Appears in 1 contract

Samples: Commercial Industrial Lease

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