No Credit. If in a Tax Comparison Year the Taxes are less than the Base Tax, and/or if in an Expense Comparison Year, the Operating Expenses are less than the Base Operating Expenses, the Tenant shall not be entitled to receive a credit, by way of a reduction in fixed rent, a refund of all or a portion of prior (or a credit against future) Tax Payments or Expense Payments, or otherwise.
Appears in 2 contracts
Sources: Lease Agreement (Long Distance Direct Holdings Inc), Lease Agreement (Frontline Communication Corp)
No Credit. If in a Tax Comparison Year the Taxes are less than the Base Tax, and/or if in an Expense Comparison Year, Year the Operating Expenses are less than the Base Operating Expenses, the Tenant shall not be entitled to receive a credit, by way of a reduction in fixed rentFixed Annual Rent, a refund of all or a portion of prior (or a credit against future) Tax Payments or Expense Payments, or otherwise.
Appears in 1 contract
Sources: Sublease Agreement (International Telecommunication Data Systems Inc)
No Credit. If in a Tax Comparison Year the Taxes are less than the Base Tax, and/or if in an Expense Comparison Year, the Operating Expenses are less than the Base Operating Expenses, the Tenant shall not be entitled to receive a credit, by way of a reduction in fixed rent, a refund of all or a portion of prior (or a credit against future) Tax Payments or Expense Payments, or otherwise, except as provided in Section 4.03.*
Appears in 1 contract