Common use of Tenant’s Payment of Certain Tax Expenses Clause in Contracts

Tenant’s Payment of Certain Tax Expenses. Notwithstanding anything to the contrary contained in this Lease in the event that at any time during the first seven (7) years of the Lease Term, any sale, refinancing, or change in ownership of such Building is consummated, and as a result thereof, and to the extent that in connection therewith, a Reassessment occurs pursuant to the terms of Proposition 13, then the terms of this Section 4.4.4 shall apply to such Reassessment for the Building.

Appears in 5 contracts

Samples: Office Lease (Peregrine Systems Inc), Office Lease (Peregrine Systems Inc), Office Lease (Peregrine Systems Inc)

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