TAX ESCALATOR Sample Clauses

TAX ESCALATOR. Tenant shall pay as additional rent Tenant's proportionate share of the real estate taxes assessed against the land and/or building(s) of the Office. In the event of any increases in real estate taxes resulting from government assessments, improvements, alterations or additions as made by Tenant, Tenant shall pay one hundred percent (100%) of the amount of said increase. If Tenant pays its proportionate share of the taxes based on a b▇▇▇ that is appealed by Landlord and later reduced, then Tenant shall be entitled to a credit equal to its proportionate share of any refund, after all costs or fees incurred by Landlord in contesting the real estate tax assessment are deducted. For purposes of calculating Tenant's "proportionate share" the real estate tax b▇▇▇ will be multiplied by a fraction, the numerator of which shall be the square footage occupied by Tenant for the real estate tax year in question and the denominator of which shall be the total leaseable square footage of the Office, occupied or ready for occupancy. "Taxes" or "real estate taxes" as used herein shall include, but not by way of limitation, all paving taxes, special paving taxes, Metropolitan District Charges, and any and all other benefits or assessments which may be levied on the Premises or the land and/or building(s) in which the same are situate, as well as any and all costs or fees incurred by Landlord in contesting any real estate tax assessment, but shall not include any income tax on the income or rent payable hereunder. Any payment due hereunder shall be deemed to be additional rental pursuant to this Lease and shall be paid within ten (10) days of Landlord's billing.