Common use of Monthly Tax Payment Clause in Contracts

Monthly Tax Payment. Commencing on the first Basic Rent Payment Date following the submission of Landlord’s Tax Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s Tax Statement, Tenant shall pay to Landlord on account of its obligation under Section 4.1, a sum (the “Monthly Tax Payment”) equal to one-twelfth (1/12) of Tenant’s Proportionate Share of the Projected Taxes for such Lease Year. Tenant’s first Monthly Tax Payment after receipt of Landlord’s Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 for such Lease Year. From time to time during any Lease Year, Landlord may revise the Landlord’s Tax Statement and adjust Tenant’s Monthly Tax Payment to reflect Landlord’s revised estimate, in which event Tenant shall pay, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s Monthly Tax Payments theretofore made on account of its obligation under Section 4.1 for such Lease Year, and the amount which would have been payable by Tenant during such Lease Year had Landlord billed Tenant for the revised Monthly Tax Payment for such prior elapsed months during such Lease Year. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 4.3.

Monthly Tax Payment. Commencing on the first Basic Rent Payment Date following the submission of Landlord’s Tax Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s Tax Statement, Tenant shall pay to Landlord on account of its obligation under Section 4.1, a sum (the “Monthly Tax Payment”) equal to one-twelfth (1/12) of Tenant’s Proportionate Share of the Projected Taxes for such Lease Year. Tenant’s first Monthly Tax Payment after receipt of Landlord’s Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 for such Lease Year (the “Tax Differential”). If Landlord’s Tax Statement is received more than ninety (90) days after the commencement of the then current Lease Year, then Tenant shall have the option of paying the Tax Differential in two (2) equal monthly payments within sixty (60) days following receipt of Landlord’s Tax Statement. From time to time during any Lease Year, Landlord may revise the Landlord’s Tax Statement and adjust Tenant’s Monthly Tax Payment to reflect Landlord’s revised estimate, in which event Tenant shall pay, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s Monthly Tax Payments theretofore made on account of its obligation under Section 4.1 for such Lease Year, and the amount which would have been payable by Tenant during such Lease Year had Landlord billed Tenant for the revised Monthly Tax Payment for such prior elapsed months during such Lease Year. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 4.3.

Monthly Tax Payment. Commencing From and after the Commencement Date, commencing on the first Basic Rent Payment Date following the submission of Landlord’s Tax Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s Tax Statement, Tenant shall pay to Landlord on account of its obligation under Section 4.1, a sum (the “Monthly Tax Payment”) equal to one-twelfth (1/12) of Tenant’s Proportionate Share of the Projected Taxes for such Lease YearYear (the “Monthly Tax Payment”). Tenant’s first Monthly Tax Payment after receipt of Landlord’s Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 for such Lease Year. From time to time No more than twice during any Lease Year, Landlord may revise the Landlord’s Tax Statement and adjust Tenant’s Monthly Tax Payment to reflect Landlord’s revised estimate, in which event Tenant shall pay, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s Monthly Tax Payments theretofore made on account of its obligation under Section 4.1 for such Lease Year, and the amount which would have been payable by Tenant during such Lease Year had Landlord billed Tenant for the revised Monthly Tax Payment for such prior elapsed months during such Lease Year. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 4.3.

Monthly Tax Payment. Commencing on the first Basic Rent Payment Date following the submission of Landlord’s 's Tax Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s 's Tax Statement, Tenant shall pay to Landlord on account of its obligation under Section 4.1this Article 6, a sum (the “Monthly Tax Payment”) equal to one-twelfth (1/12) of Tenant’s 's Proportionate Share of the Projected Taxes for such Lease YearYear (the "Monthly Tax Payment"). Tenant’s 's first Monthly Tax Payment after receipt of Landlord’s 's Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year Tax Billing Period which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 this Article 6 for such Lease YearTax Billing Period. From time to time during any Lease Year, Landlord may revise the Landlord’s 's Tax Statement and adjust Tenant’s 's Monthly Tax Payment to reflect Landlord’s 's revised estimate, in which event Tenant shall pay, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s 's Monthly Tax Payments theretofore made on account of its obligation under Section 4.1 for such Lease YearTax Billing Period, and the amount which would have been payable by Tenant during such Lease Year Tax Billing Period had Landlord billed Tenant for the revised Monthly Tax Payment for such prior elapsed months during such Lease YearTax Billing Period. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 4.36.3.

Monthly Tax Payment. Commencing on the first Basic Rent Payment Date following the submission of Landlord’s Tax Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s Tax Statement, Tenant shall pay to Landlord on account of its obligation under Section 4.1, a sum (the “Monthly Tax Payment”) equal to one-twelfth (1/12) of Tenant’s Proportionate Share of the Projected Taxes for such Lease Yearcalendar year. Tenant’s first Monthly Tax Payment after receipt of Landlord’s Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year calendar year which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 for such Lease Yearcalendar year. From time to time during any Lease Yearcalendar year, Landlord may revise the Landlord’s Tax Statement and adjust Tenant’s Monthly Tax Payment to reflect Landlord’s revised estimate, in which event event, Tenant shall pay, on the next Rent Payment Date occurring at least thirty (30) days after Tenant’s receipt of the revised Landlord’s Tax Statement, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s Monthly Tax Payments theretofore made on account of its obligation under Section 4.1 for such Lease Yearcalendar year, and the amount which would have been payable by Tenant during such Lease Year calendar year had Landlord billed Tenant for the revised Monthly Tax Payment for such prior elapsed months during such Lease Yearcalendar year. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 4.3. Any notice to Tenant of a revised monthly estimate shall include reasonable evidence of the basis for the revised estimate.

Monthly Tax Payment. Commencing on the first Basic Rent Payment Date following the submission of Landlord’s 's Tax Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s 's Tax Statement, Tenant shall pay to Landlord on account of its obligation under Section 4.1, a sum (the “"Monthly Tax Payment”") equal to one-twelfth (1/12) of Tenant’s Proportionate Share of the Projected Taxes for such Lease Year. Tenant’s 's first Monthly Tax Payment after receipt of Landlord’s 's Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Year which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 for such Lease Year. From time to time during any Lease Year, Landlord may revise the Landlord’s 's Tax Statement and adjust Tenant’s 's Monthly Tax Payment to reflect Landlord’s revised estimateany actual adjustments in Taxes imposed by the Township of Parsippany, in which event Tenant shall pay, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s 's Monthly Tax Payments theretofore made on account of its obligation under Section 4.1 for such Lease Year, and the amount which would have been payable by Tenant during such Lease Year had Landlord billed Tenant for the revised Monthly Tax Payment for such prior elapsed months during such Lease Year. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 4.3. Notwithstanding anything to the contrary contained in this Section 4.3, (i) from the Commencement Date until the day immediately preceding the Phase 2 Premises Commencement Date, Landlord and Tenant shall share equally the Taxes attributable to the Phase 2 Premises and the Phase 3 Premises, and (ii) from the Phase 2 Premises Commencement Date until the day immediately preceding the Phase 3 Premises Commencement Date, Landlord and Tenant shall share equally the Taxes attributable to the Phase 3 Premises.

Monthly Tax Payment. Commencing From and after the Commencement Date, commencing on the first Basic First Rent Payment Date following the submission of a Landlord’s Tax Statement and continuing thereafter on each successive Basic Rent Payment Date until Landlord renders the next Landlord’s Tax Statement, Tenant shall pay to Landlord on account of its obligation under Section 4.1, a sum (the “Monthly Tax Payment”) equal to one-twelfth (1/12) of Tenant’s Proportionate Share of the Projected Taxes for such Lease Tax Year. Tenant’s first Monthly Tax Payment after receipt of a Landlord’s Tax Statement shall be accompanied by the payment of an amount equal to the product of the number of full months, if any, within the Lease Tax Year which have elapsed prior to such first Monthly Tax Payment, times the Monthly Tax Payment; minus any Additional Rent already paid by Tenant on account of its obligation under Section 4.1 for such Lease Tax Year. From time to time during any Lease Tax Year, but no more than twice in any Tax Year, Landlord may revise the a Landlord’s Tax Statement and adjust Tenant’s Monthly Tax Payment to reflect Landlord’s revised estimate, in which event Tenant shall pay, along with the next monthly payment due, the difference (if any) between the aggregate amount of Tenant’s Monthly Tax Payments theretofore made on account of its obligation under Section 4.1 for such Lease Tax Year, and the amount which would have been payable by Tenant during such Lease Tax Year had Landlord billed Tenant for the revised Monthly Tax Payment for such prior elapsed months during such Lease Tax Year. Thereafter, Tenant shall pay the revised monthly estimate in accordance with the provisions of this Section 4.3.