Common use of TAX ESCALATION Clause in Contracts

TAX ESCALATION. If in any tax year commencing with the fiscal year 1993, the real estate taxes on the land and buildings, of which the Premises are a part, are in excess of the amount of the real estate taxes thereon for the fiscal year 1992 (hereinafter call the "Base Year"), LESSEE will pay to LESSOR as additional rent hereunder, within seven (7) days of notice in writing by LESSOR, 8.5306% percent "LESSEE'S Share") of such excess that may occur in each year of the term of this lease or any extension or renewal thereof and proportionately for any part of a fiscal year. If the LESSOR obtains an abatement of any such excess real estate, tax, a proportionate share of such abatement, less the reasonable fees and costs incurred in obtaining the same, if any, shall be refunded to the LESSEE.

TAX ESCALATION. If in any tax year commencing with the fiscal year 1993end 6/03, the real estate taxes on the land and buildings, of which the Premises leased premises are a part, are in excess of the amount of the real estate taxes thereon for the fiscal year 1992 end 6/02 (hereinafter call called the "Base Year"), LESSEE will pay to LESSOR as additional rent hereunder, within seven (7) days of when and as designated by notice in writing by LESSOR, 8.5306% 6.3 percent "LESSEE'S Share") of such excess that may occur in each year of the term of this lease or any extension or renewal thereof and proportionately for any part of a fiscal year. If the LESSOR obtains an abatement of any such excess real estate, estate tax, a proportionate share of such abatement, less the reasonable fees and costs incurred in obtaining the same, if any, shall be refunded to the LESSEE.

TAX ESCALATION. If in any tax year commencing with the fiscal year 1993end 6/01, the real estate taxes on the land and buildings, of which the Premises leased premises are a part, are in excess of the amount of the real estate taxes thereon for the fiscal year 1992 end 6/00 (hereinafter call called the "Base Year"), LESSEE will pay to LESSOR as additional rent hereunder, within seven (7) days of when and as designated by notice in writing by LESSOR, 8.5306% percent "LESSEE'S Share") 2.7 per cent of such excess that may occur in each year of the term of this lease or any extension or renewal thereof and proportionately for any part of a fiscal year. If the LESSOR obtains an abatement of any such excess real estate, estate tax, a proportionate share of such abatement, less the reasonable fees and costs incurred in obtaining the same, if any, shall be refunded to the LESSEE.

TAX ESCALATION. If in any tax year commencing with the fiscal year 19931997, the real estate taxes on the land and buildings, of which the Premises are a part, are in excess of the amount of the real estate taxes thereon for the fiscal year 1992 1997 (hereinafter call called the "Base Year"), LESSEE will pay to LESSOR as additional rent hereunder, within seven (7) days of notice in writing by LESSOR, 8.5306to LESSOR 13.8% percent ("LESSEE'S Share") of such excess that may occur in each year of the term of this lease or any extension or renewal thereof and proportionately for any part of a fiscal year. If the LESSOR obtains an abatement abatement, of any such excess real estate, estate tax, a proportionate share of such abatement, less the reasonable fees and costs incurred in obtaining Obtaining the same, if any, any shall be refunded to the LESSEE.