Increases in Real Estate Taxes. 6.1 Commencing on the first day of the second Lease Year and thereafter during the Lease Term and any renewal thereof, Tenant shall pay to Landlord as Additional Rent, Tenant's Real Estate Percentage of any increase in Real Estate Taxes for each Calendar Year falling entirely or partially within the Lease Term over the Base Real Estate Taxes. Real Estate Taxes shall mean (i) all real estate taxes, including general and special assessments, if any, which are imposed upon Landlord or assessed against the Building and/or the land on which the Building is situated ("Land") during any Calendar Year, and (ii) any other present or future taxes or governmental charges, including any business improvement district assessments, that are imposed upon Landlord or assessed against the Building and/or the Land during any Calendar Year which are in the nature of, in addition to or in substitution for real estate taxes, including, without limitation, any license fees, tax measured by or imposed upon rents, or other tax or charge upon Landlord's business of leasing the Building, but shall not include any federal, state or local income tax or any franchise, estate, inheritance, capital stock, excise or excess profits tax, unless such taxes are in the nature of or in substitution for Real Estate Taxes. Real Estate Taxes shall also include all expenses incurred by Landlord in obtaining or attempting to obtain a reduction of Real Estate Taxes, including but not limited to, legal fees provided such legal fees are at competitive rates. Landlord shall provide evidence of such expenses to Tenant.
6.2 Prior to the first day of the second Lease Year and thereafter at or after the beginning of each Calendar Year subsequent to the Calendar Year in which Tenant's obligation to pay Additional Rent commences (or more frequently if deemed necessary by Landlord), Landlord shall submit to Tenant a statement of Landlord's reasonable estimate of any such tax increase over the Base Real Estate Taxes and within thirty (30) days after delivery of such statement, Tenant shall pay to Landlord, as Additional Rent, an amount equal to one-twelfth (1/12th) of the amount determined to be Tenant's aforesaid percentage of such increase in annual Real Estate Taxes. Within six (6) months, after the expiration of the Calendar Year in which Tenant's obligation to pay Additional Rent commences and each Calendar Year thereafter during the Lease Term, Landlord shall submit to Tenant a statement (which statement ...
Increases in Real Estate Taxes. Tenant's Allocated Share of the increase in real estate taxes (including special assessments, rental receipts or gross real estate taxes, if any, and any other taxes now or hereinafter imposed in the nature of or in substitution for real estate taxes) levied on the Building and the Land in excess of the annual real estate taxes for the later of (i) calendar year 2003 or (ii) the calendar year of the Lease Commencement Date (the "Base Year").
Increases in Real Estate Taxes. Beginning on January 1, 2009, and for each year thereafter, Tenant shall be responsible for paying, for the Term year, its prorata share of the increase in real estate taxes paid by Landlord over the “Base Year Amount”, as defined below, within thirty (30) days following Tenant’s receipt of evidence of the increase and confirmation that such amount has been paid by Landlord. Tenant’s prorata share for purposes of this Article 23 shall be a fraction, the numerator of which is the net rentable square footage of the Premises and the denominator of which shall be the total net rentable square footage of all the buildings situated on the land which the Premises are located. The “Base Year Amount” shall be defined as the real estate taxes levied upon the land and Building for the first full calendar year following the Commencement Date.
Increases in Real Estate Taxes. Tenant shall pay to Landlord fifty-three one hundredths of a percent (.53%) (being the approximate and agreed upon proportions which the floor area of the premises bears to the total rentable floor area above grade of the Building) of the increase in real estate taxes (including special assessments, if any, and any other taxes now or hereafter imposed which are in the nature of or in substitution for real estate taxes) levied on the Building and the land on which the Building is situated (the "Land") over the "Base Real Estate Taxes". For purposes hereof, the Base Real Estate Taxes are the annual real estate taxes levied on the later of (i) the calendar year 1997 or (ii) the calendar year of the Lease Commencement Date. At any time or times after the year in which the Base Real Estate Taxes are determined, Landlord may submit to Tenant a statement of Landlord's estimate of any such tax increase over the Base Real Estate Taxes and within thirty (30) days after delivery of such statement (including any statement delivered after the expiration or termination of this Lease), and each month thereafter, Tenant shall pay to Landlord, as additional monthly rent, an amount equal to one-twelfth (1/12) of the amount determined to be Tenant's aforesaid percentage of such increase in annual real estate taxes. Within ninety (90) days after the expiration of each calendar year in which Tenant's monthly rent is increased pursuant to this paragraph, Landlord may submit, or upon the request of Tenant Landlord shall submit, a statement showing the determination of the total increase and Tenant's proportionate share of such increase. If such statement shows that Tenant's monthly payments pursuant to this paragraph exceeded Tenant's share of the actual increase incurred for the preceding calendar year, then Tenant may deduct such overpayment from its next payment or payments of monthly rent. If such statement shows that Tenant's share of Landlord's actual increase exceeded Tenant's monthly payments for the preceding calendar year, then Tenant shall immediately pay the total amount of such deficiency to Landlord. In the event that the Lease Expiration Date is not December 31st, the increase to be paid by Tenant for the calendar year in which the Lease Expiration Date occurs shall be determined by multiplying the amount of Tenant's share thereof for the full calendar year by a fraction with the number of days during such calendar year prior to the Lease Expiration Date as the nu...
Increases in Real Estate Taxes. Tenant’s pro rata share, equal to One and Five Tenths Percent (1.50%), of the amount of Real Estate Taxes in excess of the Base Year Real Estate Taxes calculated based upon 269,043 BOMA rentable square feet in the Building.
Increases in Real Estate Taxes. (a) Commencing twelve (12) months after the Rent Commencement Date, and each year thereafter Tenant shall pay to Landlord the product of Tenant’s Percentage of Taxes times the amount by which the Taxes (as hereinafter defined) incurred by Landlord during each calendar year falling entirely or partly within the Lease Term exceed the Base Year Taxes.
Increases in Real Estate Taxes. Landlord shall pay to the municipality all ------------------------------ Real Estate Taxes with respect to the Building and the Premises during the Term. `Real Estate Taxes' means the total of all taxes, general and special, ordinary and extraordinary, foreseen or unforeseen, including water and sewer taxes, assessments for public improvements and public services, that are assessed, levied or imposed with respect to the Building, including personal property to the extent that all elevators, air conditioning equipment, or similar building appurtenances for the use and benefit of the occupants of the building are classified as real estate for tax purposes. Tenant covenants and agrees to pay or cause to be paid to Landlord, as additional Rents, Tenant's Proportionate Share of the increase in Real Estate Taxes over Base Year Real Estate Taxes, notwithstanding the reason for or the cause, nature or character of such increases, with payment made by the later of (i) 15 days before such taxes are due and payable or (ii) within 15 days after Landlord shall have delivered to Tenant a statement setting forth Tenant's Proportionate Share of the increase in Real Estate Taxes for any particular tax period or portion thereof. `Base Year Real Estate Taxes' means $18,251.49 per one-half of a tax year.
Increases in Real Estate Taxes. For purposes hereof, “Increases in Real estate Taxes” shall be deemed to mean the increase (if any) in Real Estate Taxes incurred for the Building for the Lease Year in question compared to the Real Estate Taxes for the Building incurred in the Base Year.
Increases in Real Estate Taxes. During the Lease Term, Lessee shall pay to Lessor, as additional Rent, Lessee's Proportionate Percentage of any increase during the Lease Term in Real Estate Taxes levied on the Building and the Land on which the Building is situated over the Base Real Estate Taxes. Lessor shall submit to Lessee a Statement of such tax increase and Lessee shall pay to Lessor its aforesaid percentage share of such tax increase for the Real Estate Tax Fiscal Year of Fairfax
Increases in Real Estate Taxes. 5.1 For the purposes of this Article V, the term “Building” shall be deemed to include the site upon which the Building is constructed (which site is sometimes referred to herein as the “Land”). If the Building is operated as a part of a complex of buildings or in conjunction with other buildings or parcels of land, then Landlord shall prorate the common expenses and costs with respect to each such building or parcel of land in such manner as Landlord, in its reasonable judgment, shall determine.
(a) From and after the first day of the second Lease Year, Tenant shall pay as additional rent Tenant’s Proportionate Share of the amount by which Real Estate Taxes (as defined in Section 5.3(b)) for each calendar year falling entirely or partly within the Lease Term exceed a base amount (the “Real Estate Taxes Base Amount”) equal to the Real Estate Taxes incurred during the Real Estate Taxes Base Year, as finally determined. Tenant’s Proportionate Share with respect to Real Estate Taxes shall be that percentage which is equal to a fraction, the numerator of which is the number of square feet of rentable area in the Premises, and the denominator of which is the number of square feet of total rentable area from time to time in the Building (excluding storage, roof and garage space).
