Common use of PAYMENT OF TAX INCREASE Clause in Contracts

PAYMENT OF TAX INCREASE. Lessor shall pay all real property taxes applicable to the Premises; provided, however, that Lessee shall not pay, in addition to rent, the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal tax year 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. See Addendum Section 8.2.

Appears in 1 contract

Samples: Standard Industrial Lease (Uti Corp)

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PAYMENT OF TAX INCREASE. Lessor shall pay all real property taxes applicable to the Premises; provided, however, that Lessee shall not pay, in addition to rent, the amount, if any, by which real property taxes applicable to the Premises premises increase over the fiscal tax year 19 2001. Such payment payments shall be made by Lessee within thirty 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. See Addendum Section 8.2.

Appears in 1 contract

Samples: Industrial Gross Lease (Scanner Technologies Corp)

PAYMENT OF TAX INCREASE. Lessor shall pay all real property taxes applicable to the Premises; provided, however, that Lessee shall not pay, in addition to rent, the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal tax year 19 1995 - 1996. 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. See Addendum Section 8.2.*

Appears in 1 contract

Samples: Standard Industrial Lease (Organic Food Products Inc)

PAYMENT OF TAX INCREASE. Lessor shall pay all real property taxes applicable to the Premises; provided, however, that Lessee shall not pay, in addition to rent, the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal tax year 19 1999/2000. 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 reasonable 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 Lease year shall be prorated on an annual basis. See Addendum Section 8.2.

Appears in 1 contract

Samples: Standard Industrial Lease (Diamond Entertainment Corp)

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PAYMENT OF TAX INCREASE. Lessor shall pay all real property taxes applicable to the Premisespremises; provided, however, that Lessee shall not pay, in addition to rent, the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal tax year 19 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 thereofhereof. 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. See Addendum Section 8.2.

Appears in 1 contract

Samples: Standard Industrial Lease (Rosetta Inpharmatics Inc)

PAYMENT OF TAX INCREASE. Lessor shall pay all real property taxes applicable to the Premises; provided, however, that Lessee shall not pay, pay in addition to rent, the amount, if any, by which real property taxes applicable to the Premises increase over the fiscal tax year 19 1996 1997. 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 increase taxes for the last partial lease year shall be prorated on an annual basis. See Addendum Section 8.2.

Appears in 1 contract

Samples: Standard Industrial Lease (Rosetta Inpharmatics Inc)

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