Common use of Tenant to Pay Proportionate Share of Taxes Clause in Contracts

Tenant to Pay Proportionate Share of Taxes. Tenant shall pay in each Tax Year during the Term, as Additional Rental, a proportionate share of all real estate taxes, ad valorem taxes and assessments, general and special assessments, taxes on real estate rental receipts, taxes on Landlord's gross receipts, or any other tax imposed upon or levied against real estate or upon owners of real estate as such rather than persons generally, including taxes imposed on leasehold improvements which are assessed against Landlord, payable with respect to or allocable to the Celebrity Square Area, including all land, Landlord's Building and all other buildings and improvements situated thereon, together with the reasonable cost (including fees of attorneys, consultants, and appraisers) of any negotiation, contest or appeal pursued by Landlord in an effort to reduce any such tax, assessment or charge, and all of Landlord's administrative costs in relation to the foregoing, all the foregoing being collectively referred to herein as "Taxes". Tenant's proportionate share of Taxes for any Tax Year shall be computed by multiplying the amount of such Taxes by a fraction, the numerator of which shall be Tenant's Floor Area and the denominator of which shall be Landlord's Floor Area. For the Tax Year in which the Term commences or terminates, the provisions of this Section shall apply, but Tenant's liability for its proportionate share of any taxes for such year shall be subject to a pro rata adjustment based upon the number of days of such Tax Year falling within the Term.

Appears in 1 contract

Samples: Lease Agreement (Newriders Inc)

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Tenant to Pay Proportionate Share of Taxes. Tenant shall pay in each Tax Year during the Term, as Additional Rental, a proportionate share of all amounts payable by Landlord with respect to real estate taxes, ad valorem taxes and assessments, general and special assessmentsspecial, taxes on real estate rental receipts, taxes on Landlord's gross receipts, or any other tax imposed upon or levied against real estate estate, or upon owners of real estate as such rather than persons generally, extraordinary as well as ordinary, foreseeable and unforeseeable, including taxes imposed on leasehold improvements which are assessed against Landlord, payable with respect to or allocable to the Celebrity Square AreaLandlord's Property, including all land, Landlord's Building and all other buildings and improvements situated thereon, together with the reasonable cost (including fees of attorneys, consultants, consultants and appraisers) of any negotiation, contest or appeal pursued by Landlord in an effort to reduce any such tax, assessment or charge, and all of Landlord's reasonable administrative costs in relation to the foregoing, all of the foregoing above being collectively referred to herein as "Taxes". ." Tenant's proportionate share of Taxes for any Tax Year shall be computed by multiplying the amount of such Taxes (less any contributions by Anchors and Major Tenants) by a fraction, the numerator of which shall be Tenant's Floor Area and the denominator of which shall be Landlord's Floor AreaArea less the floor area of any Major Tenants. Landlord, at its option, from time to time, may exclude from Landlord's Floor Area any Landlord's Floor Area not existing as of the date of execution of this Lease, provided the Taxes associated therewith are excluded from Taxes. For the Tax Year in which the Term commences or terminates, the provisions of this Section shall apply, but Tenant's liability for its proportionate share of any taxes Taxes for such year shall be subject to a pro rata adjustment based upon the number of days of such Tax Year falling within the Term.. As used herein, "

Appears in 1 contract

Samples: Lease Agreement (Mego Financial Corp)

Tenant to Pay Proportionate Share of Taxes. Tenant shall pay in each Tax Year tax year during the Termterm, as Additional Rentaladditional rental, a proportionate share of all real estate taxes, ad valorem taxes and assessments, general and special assessments, taxes on real estate rental receipts, taxes on Landlord's gross receipts, business use and occupancy taxes, business operations taxes, or any other tax imposed upon or levied against real estate or upon owners of real estate as such rather than persons personally, generally, including or payments made to a federal, state or local government authority by Landlord in lieu of any such taxes imposed on leasehold improvements which are assessed against Landlordor assessments, payable with respect to or allocable to the Celebrity Square Area, including all land, Landlord's Building and all other buildings and improvements situated thereonentire tax lot of which the premises are a part (excepting only those portions of the said lot which are a part of the "common areas" as defined herein), together with the reasonable cost (including fees of attorneys, consultants, consultants and appraisers) of any negotiation, contest or appeal pursued by Landlord in an effort to reduce any such tax, assessment or charge, and all of Landlord's administrative costs in relation to the foregoing, all the foregoing same being collectively referred to herein as "Taxestaxes". In computing the value of the common area to be excepted, the entire assessed value of the land shall be deemed to be distributed equally throughout the lot on a square foot basis. Tenant's proportionate share of Taxes taxes for any Tax Year tax year shall be computed by multiplying the amount of such Taxes taxes by a fraction, the numerator of which shall be Tenant's Floor Area the floor area of the premises and the denominator of which shall be Landlord's Floor Areathe total floor area of all leasable area. For the Tax Year tax year in which the Term term commences or terminates, the provisions of this Section shall apply, but Tenant's liability for its proportionate share of any taxes for such year shall be subject to a pro rata prorated adjustment based upon the number of days of such Tax Year tax year falling within the Termterm, as set forth in Section 6.3 below. (Note above mentioned taxes apply only if in existence in state of property this lease is on.)

Appears in 1 contract

Samples: Lease Agreement (Yardville National Bancorp)

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Tenant to Pay Proportionate Share of Taxes. Tenant shall pay in each Tax Year during the Term, as Additional Rental, a proportionate share of all amounts payable by Landlord with respect to real estate taxes, ad valorem taxes and assessments, general and special assessmentsspecial, taxes on real estate rental receipts, taxes on Landlord's gross receipts, or any other tax imposed upon or levied against real estate estate, or upon owners of real estate as such rather than persons generally, extraordinary as well as ordinary, foreseeable and unforeseeable, including taxes imposed on leasehold improvements which are assessed against Landlord, payable with respect to or allocable to the Celebrity Square Shopping Center Area, including all land, . Landlord's Building and all other buildings and improvements situated thereon, together with the reasonable cost (including fees of attorneys, consultants, consultants and appraisers) of any negotiation, contest or appeal pursued by Landlord in an effort to reduce any such tax, assessment or charge, and all of Landlord's reasonable administrative costs in relation to the foregoing, all of the foregoing above being collectively referred to herein as "Taxes". Tenant's proportionate share of Taxes for any Tax Year shall be computed by multiplying the amount of such Taxes (less any contributions by Anchor Stores) by a fraction, the numerator of which shall be Tenant's Floor Area and the denominator of which shall be Landlord's Floor Area. For the Tax Year in which the Term commences or terminates, the provisions of this Section shall apply, but Tenant's liability for its proportionate share of any taxes Taxes for such year shall be subject to a pro rata adjustment based upon the number of days of such Tax Year falling within the Term.

Appears in 1 contract

Samples: Lease Agreement (Boston Restaurant Associates Inc)

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