Common use of Reduction of Base Tax Clause in Contracts

Reduction of Base Tax. If Landlord obtains a reduction in the Base Tax after Tenant shall have made Tax Payments for one or more Tax Comparison Years, the Base Tax shall be reduced (such reduction to include the expenses incurred by Landlord in obtaining such reduction, including appraisers' and consultants' fees), prior Tax Payments shall be recalculated and Tenant shall pay Landlord, for each of such Tax Comparison Years, Tenant's Proportionate Share of the increased amount of Tax Payment for each such Tax Comparison Year. Tenant's payment under this Section 4.04 shall be made within 30 days after Xxxxxxxx's billing therefor.

Appears in 1 contract

Samples: Frontline Communication Corp

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Reduction of Base Tax. If Landlord obtains a reduction in the Base Tax after Tenant shall have made Tax Payments for one or more Tax Comparison Years, the Base Tax shall be reduced (such reduction to include the expenses incurred by Landlord in obtaining such reduction, including appraisers' and consultants' fees), prior Tax Payments shall be recalculated and Tenant shall pay Landlord, for each of such Tax Comparison Years, Tenant's ’s Tax Proportionate Share of the increased amount of Tax Payment for each such Tax Comparison Year. Tenant's ’s payment under this Section 4.04 shall be made within 30 days after Xxxxxxxx's Landlord’s billing therefor.

Appears in 1 contract

Samples: Lease (Vision Sciences Inc /De/)

Reduction of Base Tax. If Landlord obtains a reduction in the Base Tax after Tenant shall have made Tax Payments for one or more Tax Comparison Years, the Base Tax shall be reduced (such reduction to include the expenses incurred by Landlord in obtaining such reduction, including appraisers' and consultants' fees)reduced, prior Tax Payments shall be recalculated and Tenant shall pay Landlord, for each of such Tax Comparison Years, Tenant's Proportionate Share of the increased amount of Tax Payment for each such Tax Comparison Year. Tenant's payment under this Section 4.04 shall be made within 30 days after XxxxxxxxLandlord's billing therefor.*

Appears in 1 contract

Samples: Blue Hill Plaza Lease (Quintel Entertainment Inc)

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Reduction of Base Tax. If Landlord obtains a reduction in the Base Tax after Tenant shall have made Tax Payments for one or more Tax Comparison Years, the Base Tax shall be reduced (such reduction to include the expenses incurred by Landlord in obtaining such reduction, including appraisers' and consultants' fees), prior Tax Payments shall be recalculated and Tenant shall pay Landlord, for each of such Tax Comparison Years, Tenant's Proportionate Share of the increased amount of Tax Payment for each such Tax Comparison Year. Tenant's payment under this Section 4.04 shall be made within 30 days after XxxxxxxxLandlord's billing therefor.

Appears in 1 contract

Samples: Lease (Long Distance Direct Holdings Inc)

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