Real Estate Tax. (a) The term “
Real Estate Tax. The Real Estate has not been subject to real estate tax during the time it has been owned by the County. Future real estate taxes and assessments on the Real Estate shall be paid by Keweenaw Resort as such become due and payable.
Real Estate Tax. “Real Estate Taxes” means: (i) any fee, license fee, license tax, business license fee, commercial rental tax, levy, charge, assessment, penalty or tax imposed by any taxing authority against the Premises; (ii) any tax on the Landlord’s right to receive, or the receipt of, rent or income from the Premises or against Landlord’s business of leasing the Premises; (iii) any tax or charge for fire protection, streets, sidewalks, road maintenance, refuse or other services provided to the Premises by any governmental agency; (iv) any tax imposed upon this transaction, or based upon a reassessment of the Premises due to a change in ownership or transfer of all or part of Landlord’s interest in the Premises; and (v) any charge or fee replacing any tax previously included within the definition of real property tax. Notwithstanding any of the foregoing to the contrary, Tenant shall have no liability for taxes based on Landlord’s net income or any similar tax.
Real Estate Tax. Expenses shall equal electric transmission-related real estate tax expense as recorded in FERC Account No. 408.1.
Real Estate Tax. If, in any Tax Year (as herein defined) or the portion of a Tax Year which begins with XXXXXX'S first occupancy of the Leased Premises and ends on June 30, XXXXXX's Real Estate Tax Expenses per square foot of rentable floor area of the Building exceed LESSEE's share of Real Estate Tax Expenses Included in Annual Fixed Rent as specified in Article 1 herein, then, on or before the thirtieth day following receipt by LESSEE of written notice from LESSOR that such increased taxes are payable, LESSEE shall pay to LESSOR, as Additional Rent, the difference between (a) LESSOR's Real Estate Tax Expenses Allocable to the Leased Premises, as hereinafter defined, less (b) the product of (i) LESSEE's Share of Real Estate Tax Expenses Included in Annual Fixed Rent and (ii) the Total Rentable Floor Area of the Leased Premises. LESSOR shall promptly pay to LESSEE. XXXXXX's proportionate share of any refund or abatement of Real Estate Tax Expenses received by XXXXXX.
Real Estate Tax. The costs of all real estate and school taxes assessed or imposed, collected or exacted by any competent authority in respect to the Property imposed on the Landlord in respect to the same as well as any new tax to replace or to be legally added to any tax currently imposed (the “Real Estate Tax”), but excluding specifically:
Real Estate Tax. The term Real Estate Taxes shall mean all the Real Estate Taxes and assessments, special or otherwise, levied, assessed or imposed by the federal, state or local governments against or upon the building of which the Demised Premises form a part or the land capon which it is erected, and any improvements or additions to the land or building whether existing now, or in the future. If due to a future change in the method of taxation, any franchise, income, profit or other tax, or other payment, shall be levied against owner in whole or in part in substitution for or in lieu of any tax which would otherwise constitute a Real Estate Tax, such franchise, income, profit, or other tax or payment, shall be deemed to be Real Estate Taxes for purposes hereof. In the event that the Real Estate Taxes levied on the property of which the demised premises are a part shall for any year after the fiscal year 1999/2000 be in excess of the Real Estate Taxes levied against the said property for the fiscal year 1999/2000 hereafter known as the "base tax year", the Tenant shall pay to the owner as additional rent an amount equal to 4% ("Tenant's Share") of such excess, if any in addition, Tenant shall pay for each and every tax year, Tenant's share of the business improvement district or special assessment taxes levied against owner for the district in which the building is located. The submission of a duplicate original tax bxxx of the owner shall be deemed conclusive evidence of the amount of the taxes paid by the Owner for each year and shall be the basis for the computation of any excess so to be paid by the Tenant. Such excess in the case of Real Estate Taxes, and Tenant's share of the business improvement district taxes shall each be payable within ten (10) days of receipt of the bxxx. The obligation to make any payments of additional rent pursuant to this Article shall survive the expiration or other termination of this Lease.
Real Estate Tax. Tenant’s “base tax year” for Real Estate Taxes shall be the fiscal year 2010/2011. Tenant’s Share with respect to the Additional Demised Premises shall be one and forty-two tenths percent (1.42%).
Real Estate Tax. Real estate taxes for the year immediately preceding the closing date, and all prior years, are the responsibility of City. Real estate taxes for the year of the closing and all subsequent years shall be the responsibility of Grantee. City hereby discloses to Grantee that the Lot is not subject to special assessments and is not located in an improvement district created pursuant to K.S.A. 12-601 et seq. or K.S.A. 12-6a01 et seq. The Lot is included in a Reinvestment Housing Incentive District pursuant to K.S.A. 12-5241 et seq.
Real Estate Tax. (a) Seller may file and/or prosecute an application for the reduction of the assessed valuation of the Property or any portion thereof for taxes or a refund of taxes paid or payable (a “Tax Proceeding”) in respect of the Property for any period ending on or before the Closing Date. Without the consent of Buyer, Seller shall have the right to withdraw, settle or otherwise compromise any such Tax Proceeding provided that such settlement or compromise shall not adversely affect the assessed valuation of the Property from and after the Closing Date. All such refunds, credits or other benefits applicable to the Property for any period shall belong solely to Seller (and Buyer shall have no interest therein) and, if the same shall be paid to Buyer or anyone acting on behalf of Buyer (other than Tenant), same shall be paid to Seller within thirty (30) days following receipt thereof and, if not timely paid, with interest thereon from the fifth day following such receipt until paid to Seller at a rate per annum equal to the Prime Rate (as such rate may vary from time to time) as reported in The Wall Street Journal plus 3%.
