Common use of Larger Parcel Clause in Contracts

Larger Parcel. If the land under the Center is a part of a larger parcel of land for assessment purposes (the “Larger Parcel”), the taxes and assessments allocable to the land in the Center for the purpose of determining Taxes under this Section shall be deemed a fractional portion of the taxes and assessments levied against the Larger Parcel, the numerator of which is the acreage in the Center and the denominator of which is the acreage in the Larger Parcel.

Appears in 7 contracts

Samples: Lease (Impossible Kicks Holding Company, Inc.), Lease (Impossible Kicks Holding Company, Inc.), Lease (Impossible Kicks Holding Company, Inc.)

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Larger Parcel. If the land under the Center is a part of a larger parcel of land for assessment purposes (the "Larger Parcel"), the taxes and assessments allocable to the land in the Center for the purpose of determining Real Estate Taxes under this Section shall be deemed a fractional portion of the taxes and assessments levied against the Larger Parcel, the numerator of which is the acreage in the Center and the denominator of which is the acreage in the Larger Parcel.

Appears in 3 contracts

Samples: Lease (Silicon Entertainment Inc /Ca/), Lease (Hotel Discovery Inc), Lease (Silicon Entertainment Inc /Ca/)

Larger Parcel. If the land under the Center is a part of a larger parcel of land for assessment purposes (the "Larger Parcel"), the taxes and assessments allocable to the land in the Center for the purpose of determining Taxes under this Section shall be deemed a fractional portion of the taxes and assessments levied against the Larger Parcel, the numerator of which is the acreage in the Center and the denominator of which is the acreage in the Larger Parcel.

Appears in 1 contract

Samples: Lease Agreement (Play Co Toys & Entertainment Corp)

Larger Parcel. If the land under the Center is a part of a larger parcel of ------------- land for assessment purposes (the "Larger Parcel"), the taxes and assessments allocable to the land in the Center for the purpose of determining Taxes under this Section shall be deemed a fractional portion of the taxes and assessments levied against the Larger Parcel, the numerator of which is the acreage in the Center and the denominator of which is the acreage in the Larger Parcel.

Appears in 1 contract

Samples: Lease (St John Knits Inc)

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Larger Parcel. If the land under the Center is a part of a larger parcel of land for assessment purposes (the "Larger Parcel"), the taxes and assessments allocable to the land in the Center for the purpose of determining Taxes under this Section shall be deemed a fractional portion of the taxes and assessments levied against the Larger Parcel, the numerator of which is the acreage in total assessed value of the Center and the denominator of which is the acreage in total assessed value of the Larger Parcel.

Appears in 1 contract

Samples: Lease (Havana Republic Inc/Fl)

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