Common use of Payment of Real Property Taxes by Tenant Clause in Contracts

Payment of Real Property Taxes by Tenant. Tenant shall pay all Real Property Taxes applicable to the Premises during the Lease Term. If the Premises are not separately assessed, a share of the tax xxxx that includes the Premises shall be allocated to the Premises. Such share shall be equitably determined by Landlord based upon the Rentable Square Footage of the Premises compared to the total Rentable Square Footage covered by the tax xxxx, the respective valuations assigned in the assessor’s worksheet, or other reasonably available information. Tenant shall pay its share of Real Property Taxes to Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.5, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 2 contracts

Samples: Lease Agreement (Sophiris Bio Inc.), Lease Agreement (Sophiris Bio Inc.)

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Payment of Real Property Taxes by Tenant. Tenant shall pay all Real Property Taxes applicable to the Premises during the Lease Term. If the Premises are not separately assessed, a share of the tax xxxx that includes the Premises shall be allocated to the Premises. Such share shall be equitably determined by Landlord based upon the Rentable Square Footage of the Premises compared to the total Rentable Square Footage covered by the tax xxxx, the respective valuations assigned in the assessor’s 's worksheet, or other reasonably available information. Tenant shall pay its share of Real Property Taxes to Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.54.4, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 2 contracts

Samples: Standard Industrial Net Lease (Mitokor), Standard Industrial Net Lease (Mitokor)

Payment of Real Property Taxes by Tenant. Tenant shall pay all Real Property Taxes applicable to the Premises during the Lease Term. If the Premises are not separately assessed, a share of the tax xxxx that bill xxxt includes the Premises shall be allocated to the Premises. Such share shall be equitably determined by Landlord based upon the Rentable Square Footage of the Premises compared to the total Rentable Square Footage covered by the tax xxxxbill, the xxe respective valuations assigned in the assessor’s 's worksheet, or other reasonably available information. Tenant shall pay its share of Real Property Taxes to Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.54.4, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 1 contract

Samples: Standard Industrial Net Lease (Avanir Pharmaceuticals)

Payment of Real Property Taxes by Tenant. Tenant shall pay all Real Property Taxes applicable to the Premises during the Lease Term. If the Premises are not separately assessed, a share of the tax xxxx bill that includes the Premises shall be allocated to the Premises. Such Sxxx share shall be equitably determined by Landlord based upon the Rentable Square Footage of the Premises compared to the total Rentable Square Footage covered by the tax xxxxbill, the respective valuations assigned in the assessor’s 's worksheet, or xx other reasonably available information. Tenant shall pay its share of Real Property Taxes to Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.54.4, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 1 contract

Samples: Standard Industrial Net Lease (Avanir Pharmaceuticals)

Payment of Real Property Taxes by Tenant. Tenant shall pay all Real axx Xxxl Property Taxes applicable to the Premises during the Lease Term. , If the Premises are not separately assessed, a share of the tax xxxx bill that includes the Premises shall be allocated to the Premises. Such share shall be equitably determined by Landlord based upon the Rentable Square Footage of the Premises compared to the total Rentable Square Footage covered by the tax xxxxbill, the respective valuations assigned in the assessor’s 's worksheet, or other reasonably available information. information Tenant shall pay its share of Real Property Taxes to Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.54.4, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 1 contract

Samples: Standard Industrial Net Lease (Sgi International)

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Payment of Real Property Taxes by Tenant. Tenant shall pay all Real Property Taxes applicable to the Premises during the Lease Term. If the Premises are not separately assessed, a share of the tax xxxx bxxx that includes the Premises shall be allocated to the Premises. Such share shall be equitably determined by Landlord based upon the Rentable Square Footage of the Premises compared to the total Rentable Square Footage covered by the tax xxxxbxxx, the respective valuations assigned in the assessor’s worksheet, or other reasonably available information. Tenant shall pay its share of Real Property Taxes to Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.54.4, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 1 contract

Samples: Sublease Agreement (Tenby Pharma Inc)

Payment of Real Property Taxes by Tenant. Tenant shall pay all ail Real Property Taxes applicable to the Premises during the Lease Term. If the Premises are not separately assessed, a share of the tax xxxx that includes the Premises shall be allocated to the Premises. Tenant, Such share shall be equitably determined by Landlord based upon the Rentable Square Footage of the Premises compared to the total Rentable Square Footage covered by the tax xxxx, the respective valuations assigned in the assessor’s worksheet, or other reasonably available information. Tenant shall pay its share of Real Property Taxes to Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.5, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 1 contract

Samples: Standard Industrial Lease (Brooks Automation Inc)

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