Common use of Per Diem Adjustment Clause in Contracts

Per Diem Adjustment. If any Rental Year is less than twelve (12) calendar months, the Taxes that the Tenant is required to pay under Section 5.1 will be subject to a per diem adjustment on the basis of three hundred and sixty-five (365) days.

Per Diem Adjustment. If any Rental Year is less than twelve (12) calendar months, the Taxes that the Tenant is required to pay under Section 5.1 5.03 will be subject to a per diem adjustment on the basis of three hundred and sixty-five (365) days. IT IS UNDERSTOOD THAT DURING THE INITIAL TERM OF THE LEASE ONLY, AND PROVIDING THE TENANT IS IN POSSESSION OF THE LEASED PREMISES, THE TENANT'S SHARE OF TAXES, DUE UNDER ARTICLE 5.01, 5.02 AND 5.04 SHALL BE INCLUDED IN RENTAL DUE UNDER SECTION 4.02(A) OF THIS LEASE.