Payment of Tax Rent Sample Clauses

Payment of Tax Rent. Except to the extent Tenant is exempt therefrom, Tenant shall pay Tenant’s Share of Taxes (“Tax Rent”) in equal monthly installments in such amounts as are estimated by Landlord for each Tax Year during the Term, with the first installment being on the Commencement Date and each succeeding installment being due on the first day of each calendar month thereafter. The term "Tax Year” means each twelve (12) month period established as the real estate tax year by the taxing authorities having jurisdiction over the Property. Xxxxxxxx will notify Tenant of the estimated Tax Rent and the amount of each monthly installment thereof which Xxxxxx agrees to pay without further notice until the estimated Tax Rent is changed by Landlord. If at any time during a Tax Year it shall appear that Landlord has underestimated the Tax Rent for such Tax Year, Landlord may adjust the amount of the monthly installments of Tax Rent and bill Tenant for any deficiency which may have accrued during such Tax Year. After Xxxxxxxx's receipt of the final tax bills for each Tax Year, Landlord shall notify Tenant of the amount of Taxes for the Tax Year in question and the amount of the Tax Rent. In the event of any overpayment or deficiency in the Tax Rent for such Tax Year, Tenant shall pay Landlord or Landlord shall credit to Tenant's account for future Tax Rent (or, if such adjustment is at the end of the Term, pay Tenant), as the case may be, within thirty (30) days after notification to Tenant, the amount of any such excess or deficiency of Tax Rent paid or payable by Tenant. Tenant's Share of Taxes shall be adjusted appropriately to take account of any partial Tax Year occurring at the beginning or end of the Term.
Sample 1
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Payment of Tax Rent. A. Tenant's proportionate share of Taxes (the "Tax Rent") for each Tax Year (as hereinafter defined) shall be computed by multiplying the amount of the Taxes, by a fraction, the numerator of which shall be the Floor Space of the Premises and the Denominator of which shall be the floor space of the Store Space (excluding the Floor Space of any Separately Assessed Tenants as hereinafter defined). "
Sample 1
Payment of Tax Rent. Tenant’s proportionate share of Taxes (the “Tax Rent”) for each Tax Year (as hereinafter defined) shall be initially be 4.44%, and which shall be computed by multiplying (i) the amount of the Taxes by (ii) a fraction, the numerator of which shall be the number of square feet contained in Main Floor Area and the denominator of which shall be the Floor Space of the Mixed Use Project that is leased at the time of determination. The term “
Sample 1
Payment of Tax Rent. A. Tenant's proportionate share of Taxes (the "Tax Rent") for each Tax Year (as hereinafter defined) shall be computed by multiplying the amount of the Taxes less any contributions to Taxes made by
Sample 1
Payment of Tax Rent. A. Tenant's share of Taxes ("Tax Rent") for each Tax Year shall be computed by Landlord by multiplying the amount of the Taxes (less the Tax Rent paid by Major Tenants) by a fraction ("Tenant's Proportionate Share"), the numerator of which shall be the Floor Area of the Leased Premises and the denominator of which shall be the greater of (i) the average of the Floor Area leased to tenants other than Major Tenants during the Tax Year, as that term is hereinafter defined; or (ii) the number equal to (a) ninety percent of the total Floor Area of the Shopping Center, minus (b) the average square footage Floor Area leased to Major Tenants during the Tax Year.
Sample 1

Related to Payment of Tax Rent

  • Payment of Tax To the extent a Party is required by applicable Law to deduct and withhold taxes on any payment to the other Party, the paying Party shall pay the amounts of such taxes to the proper Governmental Authority in a timely manner and promptly transmit to the other Party an official tax certificate or other evidence of such withholding sufficient to enable such other Party to claim such payment of taxes.

  • Payment of Taxes The Company shall from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Warrant Agent in respect of the issuance or delivery of shares of Common Stock upon the exercise of the Warrants, but the Company shall not be obligated to pay any transfer taxes in respect of the Warrants or such shares of Common Stock.

  • Payment of Taxes, Etc Pay and discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property and (ii) all lawful claims that, if unpaid, might by law become a Lien upon its property; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained, unless and until any Lien resulting therefrom attaches to its property and becomes enforceable against its other creditors.

  • Evidence of Tax Payments The Borrower will pay prior to delinquency all Taxes and Other Taxes payable in respect of any payment. Within 30 days after the date of any payment of Taxes, the Borrower will furnish to the Administrative Agent, at its address referred to in Section 11.02, the original or a certified copy of a receipt evidencing payment of such Taxes or Other Taxes.

  • Payment of Taxes and Charges All shares of Common Stock issuable upon the exercise of this Warrant pursuant to the terms hereof shall be validly issued, fully paid and nonassessable, and without any preemptive rights. The Company shall pay all expenses in connection with, and all taxes and other governmental charges that may be imposed with respect to, the issue or delivery thereof.

  • Payments Net of Taxes All payments made by the Borrower under this Agreement or any other Loan Document shall be made free and clear of, and without reduction or withholding for or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, and all liabilities with respect thereto, excluding

  • Computation and Payment of Tax Due At least three Business Days prior to any Payment Date for any Tax Return, the Responsible Company shall compute the amount of Tax required to be paid to the applicable Tax Authority (taking into account the requirements of Section 4.04 relating to consistent accounting practices, as applicable) with respect to such Tax Return on such Payment Date. The Responsible Company shall pay such amount to such Tax Authority on or before such Payment Date (and provide notice and proof of payment to the other Company).

  • Payment of Taxes and Assessments The lessee shall pay prior to delinquency all taxes and assessments accruing against the leasehold.

  • Payment of Tax Obligations The Borrower will, and will cause each of its Subsidiaries to, pay its Tax liabilities, assessments and governmental charges that, if not paid, could reasonably be expected to result in a Material Adverse Effect before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect.

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