PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, applicable to the Premises; provided, however, that Lessee shall pay, in addition to rent, the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal real estate tax year 19 19 . Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor’s written statement setting forth the amount of such increase and the computation thereof. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, Lessee’s liability for increased taxes for the last partial lease year shall be prorated on an annual basis.
PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, applicable to the Industrial Center; provided, however, that Lessee shall pay, in addition to rent, Lessee's Share (as defined in paragraph 4.2[a]) of the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal real estate tax year 19 - 19 . Such payment shall be made by Lessee within thirty (30) days after receipt of Lessor's written statement setting forth the amount of such increase and the computation thereof. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, Lessee's liability for increased taxes for the last partial lease year shall be prorated on an annual basis.
PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in paragraph 10.3, applicable to the Premises.
PAYMENT OF TAX INCREASE. Landlord shall pay all real property taxes applicable to the Premises, provided, however, that Tenant shall pay, in addition to rent, its proportionate share of the amount, if any, by which real property taxes applicable to the Office Complex increase over the Base Year. Such proportionate share shall be determined by dividing the rentable area of the Premises by the total rentable square footage of the Office Complex. For the purposes of this paragraph, Premises shall be assumed to comprise seven percent (7%) of the total rentable square footage of the Office Complex. Tenant shall make such payment within thirty (30) days after receipt of Landlord’s written statement setting forth the amount of such increase and the computation thereof. At Landlord’s election, annual increases in operating costs may be calculated as a monthly amount, and, in that case, shall be paid by Tenant prorata in addition to rent on a monthly basis. If the term of this Lease shall not expire concurrently with the expiration of the tax fiscal year, Xxxxxx’s liability for increased taxes for the last partial lease year shall be prorated on an annual basis.
PAYMENT OF TAX INCREASE. Lessor shall pay the real property tax, as defined in Paragraph 10.3 applicable to the Premises; provided, however, that Lessee shall pay, in addition to Minimum Rent set forth in Paragraph 4, the amount, if any, by which real property taxes applicable to the Premises increase over the Base Year which is defined as the calendar year in which this Lease commences. At the expiration of the Base Year, Lessor shall provide Lessee with a statement of estimated tax increase and Lessee shall pay such increase to Lessor in monthly payments of one-twelfth (1/12) of the estimated yearly tax increase over the Base Year. Lessee shall pay such monthly costs until notified by Lessor of a change thereof. Lessor shall endeavor, no later than March 31 of each year thereafter, to provide Lessee with a statement of reconciliation of the actual cost versus the estimated costs for the prior year and Lessee's allocable share thereof. In the event the total of the monthly payments for the prior year are less than Lessee's actual share of such tax increase, Lessee shall reimburse Lessor the difference in a lump sum within ten (10) days of receipt of such statement from Lessor and shall thereafter be obligated to pay the monthly costs based on the prior year's experience. Any overpayment by Lessee shall be credited towards the monthly payment(s) next coming due. Even though the term has expired and Lessee has vacated the Premises, Lessee shall immediately pay any sum due upon final determination and notice from Lessor of Lessee's share of said tax increase for the year in which this Lease terminates. Upon final determination, in the event of any overpayment of said payments by Lessee, Lessor shall immediately rebate said overpayment to Lessee.
PAYMENT OF TAX INCREASE. Landlord shall pay all real property taxes applicable to the Premises; provided, however, that Tenant shall pay, as additional rent, the amount, if any, by which real property taxes applicable to the Premises increase over the base year specified in Paragraph 1.10. Such payment shall be made by Tenant together with Tenant's next rental installment or at Landlord's option twelve (12) monthly installments, after receipt of Landlord's statement setting forth the amount of such increase and the computation thereof. If the Tax increase comes before the end of the first year of this Lease, or if the term of this lease shall not expire concurrently with the expiration of the fiscal tax year, Tenant shall pay a prorated portion of increase.
PAYMENT OF TAX INCREASE. Lessee shall pay the real property tax, as defined in Paragraph 10.3, applicable to the Premises prior to the delinquency date therefor. Lessee shall also be responsible for any property tax increase.
