Common use of Right to Contest Assessments Clause in Contracts

Right to Contest Assessments. Landlord may contest any and all such real estate taxes. If the result of any such contest shall be a reduction in the amount of the real estate taxes so contested, that portion of any refund, reduction, credit or recovery from the taxing authorities with respect to such real estate taxes which is in the same proportion of the total refund or recovery as Tenant's share of taxes, shall belong to Tenant, and the balance shall belong to Landlord. The cost of any such contest shall be paid as Additional Rent in the same proportionate share as the real estate taxes are paid.

Appears in 2 contracts

Samples: Lease Agreement (Eagle Financial Services Inc), Lease Agreement (First Chester County Corp)

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Right to Contest Assessments. Landlord may contest any and all ----------------------------- such real estate taxes. If the result of any such contest shall be a reduction in the amount of the real estate taxes so contested, that portion of any refund, reduction, credit or recovery from the taxing authorities with respect to such real estate taxes which is in the same proportion of the total refund or recovery as Tenant's share of taxes, shall belong to Tenant, and the balance shall belong to Landlord. The reasonable cost of any such contest shall be paid as Additional Rent in the same proportionate share as the real estate taxes are paid.

Appears in 1 contract

Samples: Lease Agreement (First Chester County Corp)

Right to Contest Assessments. Landlord may contest any and all such real estate taxes. If the result of any such contest shall be a reduction in the amount of the real estate taxes so contested, that portion of any refund, reduction, credit or recovery from the taxing authorities with respect to such real estate taxes which is in the same proportion of the total refund or recovery as Tenant's share of taxes, shall belong to Tenant, and the balance shall belong to Landlord. The cost of any such contest shall be paid as Additional Rent in the same proportionate share Proportionate Share as the real estate taxes are paid.

Appears in 1 contract

Samples: Lease Agreement (Family Steak Houses of Florida Inc)

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Right to Contest Assessments. Landlord may contest any and all such real estate taxes, assessments or valuations. If the result of any such contest shall be a reduction in the amount of the real estate taxes so contested, that portion of any refund, reduction, credit or recovery from the taxing authorities with respect to such real estate taxes which is in the same proportion of the total refund or recovery as Tenant's ’s share of taxes, shall belong be credited to amounts due from Tenant, and the balance shall belong to Landlord. The cost of any such contest shall be paid as Additional Rent additional rent in the same proportionate share as the real estate taxes are paid.

Appears in 1 contract

Samples: Lease Agreement

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