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Common use of No Credit Clause in Contracts

No Credit. Tenant shall not be entitled to any rebate or credit in the event either Taxes or Operating Expenses for any Calendar Year is lower than the Base Year.

Appears in 3 contracts

Samples: Lease Agreement (American Business Financial Services Inc /De/), Office Lease (Sapient Corp), Lease Agreement (Owosso Corp)

No Credit. Tenant shall not be entitled to any rebate or credit in the event either Taxes or Operating Expenses for any Calendar Year is lower than the Taxes or Operating Expenses for the Base Year.

Appears in 3 contracts

Samples: Office Lease Agreement (Semper Paratus Acquisition Corp), Office Lease Agreement (Semper Paratus Acquisition Corp), Office Lease Agreement (Semper Paratus Acquisition Corp)