Payment of Real Property Taxes. Landlord shall pay the Real Property Taxes due and payable during the term of this Lease and, except as otherwise provided in Paragraph 10.3, any such amounts shall be included in the calculation of Operating Expenses in accordance with the provisions of Paragraph 4.2.
Payment of Real Property Taxes. Commencing with the Lease Commencement Date and continuing for each calendar year, or tax year at Landlord’s option (such “tax year” being a period of twelve (12) consecutive calendar months for which the applicable taxing authority levies or assesses Taxes), for the balance of the Lease Term, Tenant shall pay to Landlord the amount of all Taxes levied and assessed for any such year upon the Premises. Such sum for any partial year of the Lease Term shall be prorated on the basis of the number of days of such partial year. Payment shall be made in the following manner: Tenant shall pay to Landlord the amount of all Taxes levied and assessed upon the Premises, including improvements and the underlying realty for any calendar year, or at Landlord’s option any tax year, within thirty (30) days after Landlord gives notice to Tenant of the amount of such Taxes payable by Tenant (or not less than thirty (30) days prior to delinquency, whichever is later). Landlord also shall provide Tenant with a copy of the applicable Tax xxxx or Tax statement from the taxing authority. Notwithstanding the foregoing, if applicable law allows such Taxes to be paid in installments, then Tenant may make such payments to Landlord in installments, provided that each such installment shall be payable to Landlord not less than thirty (30) days prior to the date upon which payment of the applicable installment to the taxing authority becomes delinquent. In addition to any other amounts due from Tenant to Landlord, if Tenant fails to pay the Taxes to Landlord as herein required, Tenant shall pay to Landlord the amount of any interest, penalties or late charges imposed for late payment. Landlord, at its option, may require Tenant to pay all Taxes directly to the appropriate taxing authority under the same manner and subject to the provisions set forth in this Paragraph 7.1 (as if the governmental authority were “Landlord”). Tenant shall provide to Landlord verification (reasonably acceptable to Landlord) of said payment within five (5) days of payment.
Payment of Real Property Taxes. Landlord shall pay the Real Property Taxes due and payable during the term of this Lease and, except as otherwise provided in Paragraph 10.3, such payments shall be a Common Area Operating Expense reimbursable pursuant to Paragraph 4.2. Notwithstanding the foregoing, there shall be excluded from Real Property Taxes: (i) all excess profits taxes, franchise taxes, gift taxes, capital stock taxes, inheritance and succession taxes, estate taxes, federal and state income taxes, and other taxes to the extent applicable to Landlord’s general or net income (as opposed to rents, receipts, or income attributable to operations at the project), and (ii) any items included as operating expenses.
Payment of Real Property Taxes. Landlord agrees to pay, before they become delinquent, all real property taxes, current installments of any general or special assessments; license fees, commercial rental taxes, in lieu taxes, levies, charges, penalties or similar impositions imposed by any authority having the direct power to tax, and paid or incurred by Landlord, including but not limited to, the following: (a) any tax on or measured by Rent received by Landlord from the Project or as against Landlord's business of leasing any of the Project, (b) any assessment, tax, fee, levy or charge imposed by governmental agencies for such services as fire protection, street, sidewalk and road maintenance, transportation, refuse removal and for other governmental services formerly provided without charge to property owners or occupants, (c) assessments due to deed restrictions and/or owner associations; and (d) costs of determining, filing. contesting and appealing any such tax, assessment or charge, including accountants', attorneys' and consultants' fees, but excluding any income, inheritance, estate or corporate franchise taxes of Landlord (collectively, "Taxes"). Taxes shall also include any assessment, tax, fee, levy or charge in substitution, partially or totally, of any assessment, tax, fee, levy or charge previously included within the definition of Taxes. It is hereby acknowledged by Tenant and Landlord that Proposition 13 was adopted by the voters of California in June 1918 and that assessments, taxes, fees, levies and charges may be imposed by governmental agencies for such services as fire protection, street, sidewalk and road maintenance, transportation, refuse removal and other governmental services formerly provided without charge to property owners or occupants. It is the intention of Tenant and Landlord that all such new and increased assessments, taxes, fees, levies and charges, and all similar assessments, taxes, fees, levies and charges be included within the definition of Taxes for purposes of this Lease.
Payment of Real Property Taxes. Tenant shall pay the Real Property Taxes applicable to the Premises during the term of this Agreement. Subject to Section , all such payments shall be made at least ten (10) days prior to any delinquency date. Upon Landlord request, Tenant shall promptly furnish Landlord with satisfactory evidence that such taxes have been paid. If any such taxes shall cover any period of time prior to or after the expiration or termination of this Agreement, Tenant’s share of such taxes shall be prorated to cover only that portion of the tax xxxx applicable to the period that this Agreement is in effect, and Landlord shall reimburse Tenant for any overpayment. If Tenant shall fail to pay any required Real Property Taxes, Landlord shall have the right to pay the same, and Tenant shall reimburse Landlord therefor upon demand.
Payment of Real Property Taxes. As Additional Rent, commencing on the Commencement Date and continuing throughout the remainder of the Term, Tenant shall pay to Landlord Tenant’s Proportionate Share of the Real Property Taxes for each calendar year of the Lease in the manner described in Section 7 below. Tenant acknowledges and agrees that the Project Land is located as one taxable parcel, but that each of the buildings on the Project are taxed separately. For the purposes of this Section 5, Tenant’s Proportionate Share of Real Property Taxes shall equal 42.01% of the Real Property Taxes on the Project Land and 73.92% of the Real Property Taxes for the Building.
Payment of Real Property Taxes. Tenant shall pay, as ------------------------------ Additional Rent, the Real Property Taxes (defined below) applicable to the Premises during the Term of this Lease. All such payments shall be made within ten business days after receipt of a written statement from Landlord setting forth such taxes and a copy of the applicable real estate tax xxxx or bills. If any Real Property Taxes paid by Landlord covers any period of time prior to or after the expiration of the Term hereof, Tenant's Share of such taxes shall be equitably prorated to cover only the period of time within the tax fiscal year during which this Lease shall be in effect. Landlord shall have the option, exercisable at any time during the Term, to elect to have Tenant pay Real Property Taxes in monthly installments, in advance, based on Landlord's reasonable estimate of Real Property Taxes for such year.
Payment of Real Property Taxes. Tenant shall pay all real property taxes levied against the Premises during the term of this Lease. All such payments shall be made at least twenty (20) days prior to the delinquency date of such payment. Tenant shall promptly furnish Landlord with satisfactory evidence that such taxes have been paid. If Tenant fails to pay any such taxes, Landlord shall have the right but not the obligation to pay same, in which case Tenant shall repay such amount to Landlord with Tenant's next rent installment together with interest at the rate of ten percent (10%) per annum.
Payment of Real Property Taxes. Tenant shall pay the Real Estate Taxes directly to the County (or other applicable party) no later than thirty (30) days before the last day the same may be paid without fine, penalty, interest or additional cost. At Landlord’s request, Tenant shall provide Landlord evidence reasonably satisfactory to Landlord that the Real Estate Taxes have been paid.
Payment of Real Property Taxes. Landlord agrees to pay all Real Property Taxes prior to the last date that the same may be paid without penalty or interest, or if a discount shall be available for early payment, prior to the last day that such discount is available. Without cost to Tenant, Landlord shall bear all interest, penalties, late charges and lost discount amounts incurred as a result of Landlord's failure to timely pay any installment of Real Property Taxes. Landlord shall take the maximum benefit of any law allowing Real Property Taxes to be paid in installments, and in such event only the amount actually paid by Landlord during the applicable tax year shall be included in Real Property Taxes for purposes of this Article. Landlord shall use diligent and good faith efforts to obtain any available tax abatements, refunds, rebates or credits that may reduce Real Property Taxes for the Premises, and the Real Property Taxes for any tax year shall mean such amounts as shall be finally determined to be the Real Property Taxes payable during such tax year less any abatements, refunds, rebates or credits made thereof. The parties shall make appropriate adjustments to previous reimbursements from Tenant to Landlord on account of any abatements, refunds, rebates or credits immediately following the determination of the amount of such abatements, refunds, rebates or credits. Prior to the Commencement Date, Landlord shall pay all Real Property Taxes before they become overdue. 2.
