Common use of TAX ESCALATION Clause in Contracts

TAX ESCALATION. If the Real Estate Taxes for the land and Building at which the Premises are located for any Lease Year or Partial Lease Year during the Term, or any renewal term, shall be greater than the Base Year Real Estate Taxes (adjusted proportionately for periods less than a Lease Year), then Lessee shall pay to Lessor as Additional Rent, Lessee’s Percentage of all such excess Real Estate Taxes (the “Tax Escalation Costs”). As used in this Article 23, the words and terms which follow mean and include the following:

Appears in 2 contracts

Samples: Lease Agreement (Nexus Biopharma Inc), Lease Agreement (Fluoropharma Medical, Inc.)

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TAX ESCALATION. If the Real Estate Taxes for the land Building and Building Area at which the Demised Premises are located for any Lease Calendar Year or Partial Lease Year proportionate part thereof, during the Term, or any renewal term, shall be greater than the Base Year Real Estate Taxes (adjusted proportionately for periods less than a Lease Calendar Year), then Lessee Tenant shall pay to Lessor Landlord as Additional Rent, Lessee’s Percentage Tenant's percentage of all such excess Real Estate Taxes (the “Tax Escalation Costs”)Taxes. As used in this Article 23Paragraph 23(A), the words and terms which follow mean and include the following:

Appears in 2 contracts

Samples: Lease Agreement (Infocrossing Inc), Lease Agreement (Computer Outsourcing Services Inc)

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TAX ESCALATION. If the Real Estate Taxes for the land Building and Building Office building Are at which the Demised Premises are located for any Lease Year lease year or Partial Lease Year proportional part thereof, during the Term, or any renewal lease term, shall be greater than the Base Year Real Estate Taxes (adjusted proportionately for periods less than a Lease Yearlease year), then Lessee shall pay to Lessor as Additional Rent, Lessee’s Percentage additional rent its proportionate share of all such excess Real Estate Taxes (the “Tax Escalation Costs”)real estate taxes. As used in this Article 23Paragraph 34 "C", the words and terms which follow mean and include the following:

Appears in 1 contract

Samples: Lease (Global Sources LTD)

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