Common use of INCREASE IN REAL ESTATE TAXES Clause in Contracts

INCREASE IN REAL ESTATE TAXES. If Real Estate Taxes with respect to the Building are increased, at any time or from time to time during the Term hereof, over Real Estate Taxes paid by the Landlord during the Tax Base Year, then Tenant shall pay to Landlord, without setoffs or deductions of any kind, as Additional Rent, an amount equal to Tenant's Proportionate Share of such increase pro-rated for the period of Tenant's occupancy of the premises. Payment of such increase shall be made in the installments provided by the taxing authority within thirty (30) days after Tenant receives from Landlord's Statement consisting of notice of such tax increase and a xxxx for Tenant's Proportionate Share thereof, together with a copy of the applicable xxxx received by Landlord from the taxing authority. Landlord's failure to render said Statement with respect to any Tax Year, or Landlord's delay in rendering such Statement beyond a date specified herein, shall not prejudice Landlord's right to render a Statement with respect to that or any subsequent Tax Year. The obligations of Landlord and Tenant under the provisions of this Section with respect to any Additional Rent, which obligations have accrued prior to the expiration or sooner termination of the Term, shall survive the expiration or any sooner termination of the Term. "Real Estate Taxes" shall mean all taxes or assessments and governmental charges, whether Federal, State or Municipal, which are levied or charged against real estate, personal property or rents, or on the right or privilege of leasing real estate or collecting rents thereon and any other taxes and assessments attributable to the Building or its operation, excluding, however, Federal, State or other general income taxes not limited to real property. "Tax Year" shall mean each tax fiscal year of the City of Stamford following the Tax Base Year.

INCREASE IN REAL ESTATE TAXES. (a) If Real Estate Taxes with respect to the Building are increased, at during any time or from time year subsequent to time during the Term hereofTax Base Year, over Real Estate Taxes paid by the Landlord during the Tax Base Year, then Tenant shall pay to Landlord, without setoffs setoff or deductions of any kind, except as specified in this Lease, as Additional Rent, an amount equal to Tenant's Proportionate Share of such increase pro-rated for the period of Tenant's occupancy of the premisesincrease. Payment of such increase shall be made in the installments provided by the taxing authority within thirty (30) 30 days after Tenant receives from Landlord's Statement consisting of Landlord notice of such tax increase and a xxxx for Tenant's Proportionate Share thereof, together with a copy of the applicable xxxx received by Landlord from the taxing authority. Landlord's failure to render said Statement with respect to any Tax Year, or Landlord's delay in rendering such Statement beyond a date specified herein, shall not prejudice Landlord's right to render a Statement with respect to that or any subsequent Tax Year. The obligations of Landlord and Tenant under the provisions of this Section with respect to any Additional Rent, which obligations have accrued prior to the expiration or sooner termination of the Term, shall survive the expiration or any sooner termination of the Term. "Real Estate Taxes" shall mean all taxes or assessments and governmental charges, whether Federal, State or Municipalmunicipal, which are levied or charged against real estate, personal property within the Building or rents, or on the right or privilege of leasing real estate or collecting rents thereon and any other taxes and assessments attributable to the Building or its operation, excluding, however, Federal, State or other general income taxes not limited to real property. "Tax Year" If the Building shall mean each tax fiscal year of the City of Stamford following not be assessed as if it were 95% occupied during the Tax Base Year, then for the Tax Base Year and each subsequent year, Real Estate Taxes shall be adjusted as if the Building were 95% occupied during each such year. If Landlord shall be required under a mortgage or other creditor arrangement to make real estate tax deposits monthly or otherwise, Tenant shall make the same installment payments to Landlord of its share of same.

INCREASE IN REAL ESTATE TAXES. If Real Estate Taxes (as hereinafter ----------------------------- defined) with respect to the Building Common Areas or the Demised Premises are increased, at any time or from time to time during the Term hereof, hereof over Real Estate Taxes paid by the Landlord during the "Tax Base Year" as defined hereinbelow, then Tenant shall pay to Landlord, without setoffs or deductions of any kind, as Additional Rent, an amount equal to Tenant's Proportionate Share Shares of such increase pro-rated for (the period of Tenant's occupancy of the premises"Tax Increases"). The Tax Base Year shall be from July 1, 2001 through June 30, 2002. Payment of such increase increases shall be made in the installments provided by the taxing authority authority, within thirty fifteen (3015) days after Tenant receives from Landlord's Statement consisting of Landlord notice of such tax increase and a xxxx for Tenant's Proportionate Share Shares thereof. Notwithstanding the foregoing, together with a copy of the applicable xxxx received by Landlord from the taxing authority. at Landlord's failure option, Tenant shall pay to render said Statement Landlord, commencing with respect to any the first Tax Year after the Base Tax Year, or Landlord's delay in rendering such Statement beyond a date specified herein, shall not prejudice Landlord's right to render a Statement with respect to that or any subsequent Tax Year. The obligations of Landlord and Tenant under the provisions of this Section with respect to any as Additional Rent, which obligations have accrued prior Tenant's Projected Tax Shares. Such Projected Tax Shares shall be equal to Landlord's written estimate of Tenant's Proportionate Shares of the expiration or sooner termination Tax Increase for each Operational Year. On the first day of each month of each Operational Year during the Term, and within thirty (30) days after Tenant's receipt of Landlord's written estimate, Tenant shall survive the expiration or any sooner termination pay to Landlord one-twelfth (1/12) of its Projected Shares of the Termestimated Tax Increases for such Operational Year. If Landlord's statement after the end of an Operational Year shall indicate that Tenant's projected Shares exceeded Tenant's Proportionate Shares of the Tax Increases, Landlord shall forthwith credit the amount of such excess against the subsequent payments of Additional Rent due hereunder. If Landlord's statement shall indicate that Tenant's Proportionate Shares of the Tax Increases exceeded Tenant's Projected Tax Shares for the completed Operational Year, Tenant shall forthwith pay the amount of such excess to Landlord. "Real Estate Taxes" shall mean all taxes or assessments and governmental charges, whether Federal, State or Municipal, which are levied or charged against real estate, personal property or rents, or on the right or privilege of leasing real estate or collecting rents thereon and any other taxes and assessments attributable to the Building or its operation, excluding, however, Federal, State or other general income taxes not limited to real property. "Tax Year" shall mean each tax fiscal year of the City of Stamford following the Tax Base Year.all

INCREASE IN REAL ESTATE TAXES. (a) If Real Estate Taxes with respect to the Building are increased, at during any time or from time year subsequent to time during the Term hereofTax Base Year, over Real Estate Taxes paid by the Landlord during the Tax Base Year, then Tenant shall pay to Landlord, without setoffs setoff or deductions of any kind, except as specified in this Lease, as Additional Rent, an amount equal to Tenant's Proportionate Share of such increase pro-rated for the period of Tenant's occupancy of the premisesincrease. Payment of such increase shall be made in the installments provided by the taxing authority within thirty (30) 30 days after Tenant receives from Landlord's Statement consisting of Landlord notice of such tax increase and a xxxx for Tenant's Proportionate Share thereof, ; together with a copy of the applicable xxxx received by Landlord from the taxing authority. Landlord's failure to render said Statement with respect to any Tax Year, or Landlord's delay in rendering such Statement beyond a date specified herein, shall not prejudice Landlord's right to render a Statement with respect to that or any subsequent Tax Year. The obligations of Landlord and Tenant under the provisions of this Section with respect to any Additional Rent, which obligations have accrued prior to the expiration or sooner termination of the Term, shall survive the expiration or any sooner termination of the Term. "Real Estate Taxes" shall mean all taxes or assessments and governmental charges, whether Federal, State or Municipalmunicipal, which are levied or charged against real estate, personal property within the Building or rents, or on the right or privilege of leasing real estate or collecting rents thereon and any other taxes and assessments attributable to the Building or its operation, excluding, however, Federal, State or other general income taxes not limited to real property. "Tax Year" If the Building shall mean each tax fiscal year of the City of Stamford following not be assessed as if it were 95% occupied during the Tax Base Year, then for the Tax Base Year and each subsequent year, Real Estate Taxes shall be adjusted as if the Building were 95% occupied during each such year. If Landlord shall be required under a mortgage or other creditor arrangement to make real estate tax deposits monthly or otherwise, Tenant shall make the same installment payments to Landlord of its share of same.