Common use of Reduction of Comparison Year Taxes Clause in Contracts

Reduction of Comparison Year Taxes. If Taxes for any Tax Comparison Year, or an installment thereof, shall be reduced before such Taxes or such installment shall be paid, the amount of Landlord’s reasonable costs and expenses of obtaining such reduction (including appraisers’ and consultants’ fees) shall be added to and deemed part of Taxes for such Tax Comparison Year. In the event Landlord obtains a refund of Taxes for any Tax Comparison Year for which a Tax Payment has been made by Tenant, Landlord shall credit against Tenant’s next succeeding Tax Payment, Tenant’s Tax Proportionate Share of the refund (but not more than the Tax Payment that was the subject of the refund) after deducting from such refund the costs and expenses incurred by Landlord in obtaining the refund, including appraisers’ and consultants’ fees. In the event no Tax Payment shall thereafter be due, Landlord shall pay such refund to Tenant.

Appears in 1 contract

Samples: Lease (Vision Sciences Inc /De/)

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Reduction of Comparison Year Taxes. If Taxes for any Tax Comparison Year, or an installment thereof, shall be reduced before such Taxes or such installment shall be paid, the amount of Landlord’s reasonable 's costs and expenses of obtaining such reduction (including appraisers' and consultants' fees) shall be added to and deemed part of Taxes for such Tax Comparison Year. In the event Landlord obtains a refund of Taxes for any Tax Comparison Year for which a Tax Payment has been made by Tenant, Landlord shall credit against Tenant’s 's next succeeding Tax Payment, Tenant’s Tax 's Proportionate Share of the refund (but not more than the Tax Payment that was the subject of the refund) after deducting from such refund the costs and expenses incurred by Landlord in obtaining the refund, including appraisers' and consultants' fees. In the event no Tax Payment shall thereafter be due, Landlord shall pay such refund to Tenant.

Appears in 1 contract

Samples: Lease (Long Distance Direct Holdings Inc)

Reduction of Comparison Year Taxes. If Taxes for any Tax Comparison Year, or an installment thereof, shall be reduced before such Taxes or such installment shall be paid, the amount of Landlord’s reasonable 's costs and expenses of obtaining such reduction (including appraisers' and consultants' fees) shall be added to and deemed part of Taxes for such Tax Comparison Year. In the event Landlord obtains a refund of Taxes for any Tax Comparison Year for which a Tax Payment has been made by Tenant, Landlord shall credit against Tenant’s Xxxxxx's next succeeding Tax Payment, Tenant’s Tax Xxxxxx's Proportionate Share of the refund (but not more than the Tax Payment that was the subject of the refund) after deducting from such refund the costs and expenses incurred by Landlord in obtaining the refund, including appraisers' and consultants' fees. In the event no Tax Payment shall thereafter be due, Landlord shall pay such refund to Tenant.

Appears in 1 contract

Samples: Frontline Communication Corp

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Reduction of Comparison Year Taxes. If Taxes for any Tax Comparison Year, or an installment thereof, shall be reduced 10 before such Taxes or such installment shall be paid, the amount of Landlord’s reasonable 's costs and expenses of obtaining such reduction (including appraisers' and consultants' fees) shall be added to and deemed part of Taxes for such Tax Comparison Year. In the event Landlord obtains a refund of Taxes for any Tax Comparison Year for which a Tax Payment has been made by Tenant, Landlord shall credit against Tenant’s 's next succeeding Tax Payment, Tenant’s Tax 's Proportionate Share of the refund (but not more than the Tax Payment that was the subject of the refund) after deducting from such refund the costs and expenses incurred by Landlord in obtaining the refund, including appraisers' and consultants' fees. In the event no Tax Payment shall thereafter be due, Landlord shall pay such refund to Tenant. This Section 4.03 shall survive the expiration of this lease.*

Appears in 1 contract

Samples: Blue Hill Plaza Lease (Quintel Entertainment Inc)

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