Common use of Tax and Operating Provisions Clause in Contracts

Tax and Operating Provisions. (a) In any case provided in Section 2.03 or Section 2.04 in which Tenant is entitled to a credit against the next succeeding installments of Rent, if this Lease shall expire before any such credit shall have been fully applied, then (provided Tenant is not in default under this Lease beyond the expiration of all applicable notice and cure periods) Landlord shall immediately refund to Tenant the unapplied balance of such credit. Nothing in this Article 2 shall be construed so as to result in a decrease in the Fixed Rent.

Appears in 1 contract

Samples: National Financial Partners Corp

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Tax and Operating Provisions. (a) In any case provided in Section 2.02 or 2.03 or Section 2.04 in which Tenant is entitled to a refund, Landlord may, in lieu of making such refund, credit against the next succeeding future installments of Rent any amounts to which Tenant shall be entitled. Nothing in this Article 2 shall be construed so as to result in a decrease in the Fixed Rent, if . If this Lease shall expire before any such credit shall have been fully applied, then (provided Tenant is not in default under this Lease beyond the expiration of all applicable notice and cure periodsLease) Landlord shall immediately refund to Tenant the unapplied balance of such credit. Nothing in this Article 2 shall be construed so as to result in a decrease in the Fixed Rent.

Appears in 1 contract

Samples: Lease (FaceBank Group, Inc.)

Tax and Operating Provisions. (a) In any case provided in Section 2.03 2.04 or Section 2.04 2.05 in which Tenant is entitled to a credit against the next succeeding installments of Rent, if this Lease shall expire before any such credit shall have been fully applied, then (provided Tenant is not in default in the payment of any Rent and no other Event of Default shall have occurred and be continuing under this Lease beyond the expiration of all applicable notice and cure periodsLease) Landlord shall immediately refund to Tenant the unapplied balance of such credit. Nothing in this Article 2 shall be construed so as to result in a decrease in the Fixed Rent.

Appears in 1 contract

Samples: Lease (Thomas Weisel Partners Group, Inc.)

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Tax and Operating Provisions. (a) In any case provided in Section 2.02 or 2.03 or Section 2.04 in which Tenant is entitled to a refund, Landlord may, in lieu of making such refund, credit against the next succeeding future installments of Rent any amounts to which Tenant shall be entitled. Nothing in this Article 2 shall be construed so as to result in a decrease in the Fixed Rent, if . If this Lease shall expire before any such credit shall have been fully applied, then (provided Tenant is not then in default under this Lease beyond the expiration of all applicable notice and cure periodsLease) Landlord shall immediately refund to Tenant the unapplied balance of such credit. Nothing in this Article 2 shall be construed so as to result in a decrease in the Fixed Rent.

Appears in 1 contract

Samples: Lease (Justworks, Inc.)

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