TAX ESCALATION. Tenant shall pay to Landlord, as additional rent, tax escalation in accordance with this Article:
TAX ESCALATION. For the purpose of Sections 5.01-5.06:
TAX ESCALATION. If the Real Estate Taxes for the Real Property for any Lease Year or Partial Lease Year during the Lease Term will be greater than the Base Real Estate Taxes (reduced proportionately to correspond to the duration of periods less than a Lease Year), then Tenant will pay to Landlord as Additional Rent, Tenant’s Percentage of all such excess Real Estate Taxes.
TAX ESCALATION. If the Real Estate Taxes for the Building and Office Building Area at which the Premises are located for any Lease Year or Partial Lease Year, during the Lease Term, shall be greater than the Base Real Estate Taxes (adjusted proportionately for periods less than a Lease Year), then Lessee shall pay to Lessor as Additional Rent, Lessee's Percentage as hereinafter defined, of all such excess Real Estate Taxes. As used in this Article 23(c), the words and terms which follow mean and include the following:
TAX ESCALATION. Tenant shall pay to Landlord, as additional rent, tax escalation in accordance with this paragraph C:
TAX ESCALATION. 32.01 Tenant shall pay to Landlord, as Additional Rent, tax escalation in accordance with this Article:
(a) For purposes of this Lease, Landlord and Tenant acknowledge and agree that the rentable square foot area of the Premises shall be deemed to be 12,919 square feet.
(b) For the purpose of this Article, the following definitions shall apply:
TAX ESCALATION. If the Real Estate Taxes for the Building and Building Area at which the Demised Premises are located for any Calendar Year or proportionate part thereof, during the Term, shall be greater than the Base Real Estate Taxes (adjusted proportionately for periods less than a Calendar Year), then Tenant shall pay to Landlord as Additional Rent, Tenant's percentage of all such excess Real Estate Taxes. As used in this Paragraph 23(A), the words and terms which follow mean and include the following:
TAX ESCALATION. If during the Lease Term the Real Estate Taxes for the Building, the Complex and Parcel at which the Demised Premises are located for any Comparison Period shall be greater than the Base Real Estate Taxes (adjusted proportionately if the Comparison Period is less than a Lease Year), then Lessee shall pay to Lessor as Additional Rent, Lessee's Percentage of all such excess Real Estate Taxes. As used in this Subsection 25(C), the words and terms which follow mean and include the following:
(i) The Base Period Costs for "REAL ESTATE TAXES" shall be as defined on the Reference Page.
TAX ESCALATION. (a) For the purposes hereof, the following quoted words, terms or phrases shall have the meanings in this Paragraph (a) ascribed to them: (i) “Lease Year” shall mean the period of twelve (12) months or less commencing on the Commencement Date and ending on the following December 31st, and each successive period of twelve (12) months thereafter during the Term, and the final period of twelve (12) months or less commencing with January 1st immediately preceding the expiration of the Term; (ii) “assessed value” shall mean the aggregate value of the Building and the land underlying same (the “Land”), as determined for the applicable period by the department or officer of The City of New York (“NYC”) charged with assessing the value of real property for purposes of calculating NYC real property taxes, in accordance with assessment procedures generally applied by such department or officer to land and improvements similar to the Building and the Land which are subject to such taxes; and (iii) “Taxes” shall mean: (a) an amount during each fiscal year of NYC commencing with the fiscal year immediately after the Tax Base Year all or any part of which occurs within the Term equal to Tenant’s Proportionate Share (as set forth in the Basic Lease Provisions) of the excess of the product obtained by multiplying the assessed value of the Building and the Land for such fiscal year times the official NYC tax rate applicable to the Building and the Land for such fiscal year over the product obtained by multiplying the average of the assessed value of the Building and the Land for the tax years ending June 30, 2013 and June 30, 2014 by the official NYC tax rate applicable to the Building and the Land for each such period (the “Tax Base”); and (b) Tenant’s Proportionate Share of the legal fees and other expenses (including but not limited to consultants’ and expert witnesses’ fees) paid or incurred in connection with Owner’s obtaining any reduction of such tax rate or the assessed value of the Building and/or the Land for any period during the Term, or both. Taxes shall not include any interest or penalties incurred by Owner as a result of Owner’s late payment of such Taxes, taxes of Owner’s income or franchise taxes, estate or inheritance taxes, mortgage recording or similar taxes imposed on Owner.
TAX ESCALATION. 32.01 Tenant shall pay to Landlord, as Additional Rent, tax escalation in accordance with this Article:
(a) For the purpose of this Article, the following definitions shall apply:
