Increased Taxes. An amount equal to Tenant’s Pro Rata Share of that portion of Real Estate Taxes paid by Landlord during each Adjustment Period which exceeds the amount of Base Real Estate Taxes (as all of such terms are defined in § 4.2 below). Tenant’s Pro Rata Share of (i) such increase in Operating Expenses over the Base Operating Expenses, (ii) such increase in Utilities over Base Utilities, and (iii) such increase in Real Estate Taxes over the Base Real Estate Taxes is sometimes referred to collectively herein as the “Rental Adjustment.”
Increased Taxes. An amount equal to Tenant's Pro Rata Share of that portion of Real Estate Taxes paid by Landlord during each Adjustment Period which exceeds the amount of Base Real Estate Taxes, subject to proration under Section 2.3.2
Increased Taxes. If any Taxes shall be increased by reason of any installation made in or upon or any alteration or improvement made in or to the Leased Premises by the Tenant or by the Landlord on behalf of the Tenant, the Tenant shall pay the amount of any such increase as additional rent.
Increased Taxes. If the tenant improvements in the Premises, whether installed, and/or paid for by Landlord or Tenant and whether or not affixed to the real property so as to become a part thereof, are assessed for real property tax purposes at a valuation higher than the valuation at which tenant improvements conforming to Landlord’s “Building Standard” for other space in the Building are assessed, then the real property taxes and assessments levied against the Building by reason of such excess assessed valuation shall be deemed to be taxes levied against personal property of Tenant and shall be governed by the provisions of Section 16.1 above. If the records of the County Assessor are not available or sufficiently detailed to serve as a basis for making said determination, the actual cost of construction shall be used.
Increased Taxes. If alterations, utility installations, installation of trade or other fixtures or equipment, or any specialized improvements for the use of Tenant or the tenant improvements in the Premises, whether installed, and/or paid for by Landlord or Tenant and whether or not affixed to the real property so as to become a part thereof, are assessed for real property tax purposes at a valuation higher than the valuation at which tenant improvements conforming to Landlord’s “Building Standard” for other space in the Building are assessed, then the real property taxes and assessments levied against the Building by reason of such excess assessed valuation shall be deemed to be taxes levied against personal property of Tenant and shall be governed by the provisions of Section 16.1 above. If the records of the County Assessor are not available or sufficiently detailed to serve as a basis for making said determination, the actual cost of construction shall be used.
Increased Taxes. During each calendar year of the Term subsequent to the Base Year, Tenant shall pay to Landlord, as additional rent, Tenant’s Percentage Share (as specified in the Basic Lease Information) of any increase in taxes (“Taxes” as defined in Section 5.2) paid or incurred by Landlord during such calendar year (which increase is hereinafter referred to as the “Increased Taxes”). Landlord may, at or after the start of any calendar year subsequent to the Base Year, notify Tenant of the amount of which Landlord estimates will be Tenant’s monthly share of Increased Taxes for such calendar year, and Tenant shall pay such amount as additional rent on or before the first day of each month of the Term, along with the Basic Monthly Rent payments required to be made by Tenant in such year. Statements of the Increased Taxes actually payable by Tenant for each year subsequent to the Base Year shall be given to Tenant within one hundred eighty (180) days after the end of each calendar year. If Tenant’s share of any Increased Taxes as shown on such statement is greater or less than the total amounts actually paid by Tenant during the year covered by such statement, then within thirty (30) days thereafter, Tenant shall pay in cash any sums owed Landlord or, if applicable, Tenant shall ActiveUS 172034323v.3 receive a credit against any Rent next accruing for any sum owed Tenant. If this Lease expires or is terminated on a day other than the last day of a calendar year, the amount of Increased Taxes payable by Tenant during the year in which the Lease expires or is terminated shall be prorated on the basis which the number of days from the commencement of the calendar year to and including the date on which the Lease expires or is terminated bears to three hundred sixty-five (365). Following expiration of the calendar year in which the Lease expired or was terminated, Landlord shall give a final statement, subject to revision, of Increased Taxes for such calendar year. If Tenant’s share of any Increased Taxes as shown on such final statement is greater or less than the total amounts to the other party any of Increased Taxes actually paid by Tenant during the year covered by the statement, then within thirty (30) days thereafter the appropriate party shall pay to the other party any sums owed.
Increased Taxes. An amount equal to Tenant’s Pro Rata Share of the increase, if any, in total Real Estate Taxes paid or incurred by Landlord during each Adjustment Period which exceeds the amount of “Base Real Estate Taxes,” which shall mean the total of Real Estate Taxes paid or incurred by Landlord during the Base Year. “Real Estate Taxes” means any and all ad valorem real property taxes and any form of assessment, levy, charge, or other imposition as shown on Landlord’s tax statement from the County Assessor which Landlord shall pay during any Adjustment Period because of or in connection with the ownership, leasing, or operation of the Development, together with reasonable legal and other professional fees, costs, and disbursements incurred in connection with proceedings to contest, determine or reduce Real Estate Taxes.
Increased Taxes. Landlord will pay in the first instance all real property taxes and assessments which ma)' be levied or assessed by any lawful authority against the land and improvements in the entire Shopping Center. If the amount of such real property taxes and assessments shall exceed in any lease year the amount of such taxes for the first full tax year, or the Tenant's base year if the center is established, Tenant shall pay that portion of such excess equal to the product obtained by multiplying such excess by a fraction, the numerator of which shall be the square foot area of the Premises, and the denominator of which shall be the square foot area of all buildings located in the Shopping Center. The term "
Increased Taxes. Each Borrower shall pay or reimburse the Bank on demand for any tax or similar charge (other than income, profit or excess profit taxes or similar charges imposed upon or measured by the income or operation of the Bank) imposed on the making of any Loan hereunder, the documentation thereof or any amount paid or payable by such Borrower hereunder (hereinafter called "Taxes"), provided that Taxes payable by a Borrower with respect to any such amounts paid or payable by the Bank shall be paid or payable by such Borrower only to the extent that such Taxes are imposed with respect to a period of time not completed more than three (3) years before such Borrower was first notified by the Bank of the incidence of such Taxes and to the extent that such Taxes were not in effect (or were not reasonably known by the Bank to be in effect) at the date of this Agreement.
Increased Taxes. In the event the taxes, including those imposed by any municipality, County, or School District, levied and assessed against the real estate or which the PREMISES are a part are increased beyond that imposed for the year 1992, whether occasioned by an increase in mileage or an increase in assessment or otherwise, the TENANT shall pay as Additional Rent its proportionate share of the increased taxes during the Term of this lease or any renewal thereof.
