Tenant’s Share of Taxes. From and after the Commencement Date, if the Taxes for any full Tax Year falling within the Lease Term shall exceed the Base Taxes, or if, in the case of a Tax Year only a fraction of which is included in the Lease Term, an amount of the Taxes for such Tax Year multiplied by such fraction exceeds the Base Taxes multiplied by such fraction (the amount of such excess in either case being hereinafter referred to as the "Tax Excess"), then Tenant shall pay to Landlord, as Additional Rent, Tenant's Proportionate Share of the Tax Excess and Tax Expenses, provided that Tenant shall not be required to pay Tenant's share of Taxes due for the period from the Commencement Date, to and including June 30, 2000, until July 1, 2000, the date on which Base Taxes shall first be determinable. Tenant's Proportionate Share of the Tax Excess and Tax Expenses for each Tax Year shall be payable in monthly installments as follows:
(a) Subject to the proviso in the first sentence of this Section 8.2, estimated payments by Tenant on account of Taxes and Tax Expenses shall be made on the first day of each and every calendar month during the Lease Term, in the fashion herein provided for the payment of Basic Rent. The monthly amount so to be paid to Landlord shall be sufficient to provide Landlord by the time Taxes and Tax Expenses are due with a sum equal to Tenant's required payments, as estimated by Landlord from time to time, on account of Taxes and Tax Expenses for the then current Tax Year. Promptly after receipt by Landlord of bills for such Taxes and Tax Expenses, Landlord shall advise Tenant of the amount thereof and the computation of Tenant's payment on account thereof. If estimated payments theretofore made by Tenant for the Tax Year covered by such bills exceed the required payments on account thereof for such Tax Year, Landlord shall credit the amount of overpayment against subsequent obligations of Tenant on account of Taxes and Tax Expenses (or refund such overpayment within thirty (30) days if the Lease Term has ended and Tenant has no further obligation to Landlord); but if the required payments on account thereof for such Tax Year are greater than estimated payments theretofore made on account thereof for such Tax Year, Tenant shall make payment to Landlord within thirty (30) days after being so advised by Landlord. Landlord shall have the same rights and remedies for the nonpayment by Tenant of any payments due on account of Taxes and Tax Expenses as Landlord has ...
Tenant’s Share of Taxes. Insurance Costs, and Operating Expenses. Tenant shall pay Landlord each Lease Year during the term of this Lease, on account as Additional Rent, Tenant's Share of Taxes, Tenant's Share of Insurance Costs, and Tenant's Share of Operating Expenses. Tenant's Share of Taxes shall be calculated by multiplying the amount of Taxes by a fraction, the numerator of which shall be Tenant's Floor Area and the denominator of which shall be Landlord's Total Floor Area. Tenant's Share of Insurance Costs shall be calculated by multiplying the amount of Insurance Costs by a fraction, the numerator of which shall be Tenant's Floor Area and the denominator of which shall be Landlord's Total Floor Area. Tenant's Share of Operating Expenses shall be calculated by multiplying the amount of Operating Expenses by a fraction, the numerator of which shall be Tenant's Floor Area and the denominator of which shall be Landlord's Commercial Floor Area. For the Lease Year in which the term hereof commences or terminates, the provisions of this Section shall apply, but Tenant's Share of Taxes, Insurance Costs, and Operating Expenses for such year shall be subject to a pro rata adjustment based upon the number of days of such Lease Year falling within the Term.
Tenant’s Share of Taxes. Tenant shall pay to Landlord, as additional rent, in the manner provided in Section 4.2(d), Tenant's Share of the total Real Estate Taxes. For purposes of this Section, the term "Real Estate Taxes" shall include all real estate taxes, personal property taxes, surcharges and assessments, including but not limited to local improvement district and water improvement district assessments, if any, that are or may be levied upon, assessed against or attributable to the Leased Premises, the Building and the land underlying the Building in which the Leased Premises are located and all improvements, fixtures and equipment of Landlord located thereon or used in connection with the operation of the Building and that are payable during the Lease Term. The term "Real Estate Taxes" shall also include the share of such Project taxes, surcharges and assessments levied with respect to the Project which are allocated to the Building under the Project Documents; any taxes levied or assessed in lieu of, in whole or in part, such real or personal property taxes; any taxes in addition to such real and personal property taxes, including, but not limited to, taxes or license fees upon or measured by the leasing of the Building or the rents or other income collected therefrom, other than any federal or state net income or inheritance tax; and all costs and expenses incurred by Landlord in efforts to reduce or minimize such taxes or assessment levels. Tenant's Share of the Real Estate Taxes shall be an amount equal to the total Real Estate Taxes during each Lease Year of the Lease Term, multiplied by a fraction, the numerator of which is the Rentable Square Feet in the Leased Premises and the denominator of which is the Rentable Square Feet in the Building.
Tenant’s Share of Taxes. Tenant shall pay to Landlord as Additional Rent, Tenant's Proportionate Share of any increase in real and personal property taxes, assessments, and other governmental charges (including, but not limited to, metropolitan charges and frontfoot benefit charges) assessed against the Property, whether as a result of an increase in assessment or an increase in tax rate, in excess of the taxes, assessments and charges for the tax year 2010-2011. The foregoing shall apply to increases in real estate taxes, assessments and charges assessed against the Property generally, and not resulting from improvements placed on the Leased Premises by Tenant. In the event of any increase resulting from such improvements, Tenant shall pay all of said increase. Tenant's improvements are considered to be all improvements to the Leased Premises, except for the shell building, which includes space heaters, lighting provided by Landlord, and powder rooms, whether the taxes are payable to the State of Maryland and/or other governing municipalities. Said taxes, assessments and charges include, but are not limited to, paving taxes and any and all benefits or assessments which may be levied on the Property hereby leased, but not including the income or excess profits tax or any state or other tax upon the income from the Rent payable hereunder. In the event Landlord incurs expenses as a result of engaging in efforts to reduce the assessment or taxes, Tenant shall pay Tenant's Proportionate Share of said expenses.
Tenant’s Share of Taxes. The Lease, Article 1: BASIC PROVISIONS (I) Tenant’s Share of Taxes is hereby amended and restated in its entirety to read as follows:
Tenant’s Share of Taxes. Effective as of the date of this Consent, Tenant’s Property Share with respect to Taxes only shall be calculated as a fraction, the numerator of which is the number of rentable square feet in the Premises and the denominator of which is the number of rentable square feet in the buildings on the Tax Lot (hereinafter defined) recognized by the City of Cambridge as being used for purposes which are not exempt from real estate taxation as of the date on which the assessment is made for the tax year in question. The “Tax Lot” means the tax lot(s) on which the Building is located. As of the date of this Consent, pursuant to Section B.1 above, Tenant’s Property Share with respect to Taxes is 6.0%.
Tenant’s Share of Taxes. Tenant shall pay an amount equal to Tenant’s Proportionate Share (as defined in Section 1 (h)) of any ad valorem taxes (or any tax hereafter imposed in lieu thereof) and related assessments (which are currently due and payable) imposed upon the Building and the Premises together with the Tenant’s Proportionate Share of the actual, reasonable costs associated with contesting such taxes and assessments. Tenant’s Proportionate Share of taxes shall be paid as provided in subparagraph (f) below. Provided, any increase in ad valorem taxes on the Premises as a result of alterations, additions or improvements made by, for or on account of Tenant shall be reimbursed by Tenant to Landlord within thirty (30) days after receipt of Landlord’s written demand to Tenant therefor. Notwithstanding anything contained herein to the contrary, in the event the actual amount of ad valorem taxes becomes known to Landlord prior to the expiration of a particular calendar year, Landlord may elect to adjust the amount of Tenant’s estimated share of ad valorem taxes so as to collect from Tenant (and all other tenants) the full amount of ad valorem taxes due and payable for such calendar year prior to such taxes becoming delinquent. In the event Landlord has elected not to contest ad valorem taxes for a particular year and Tenant provides reasonable proof to Landlord that such a contest would prevail, then Landlord and Tenant shall work in good faith with each other to determine if Landlord should contest the ad valorem taxes for the year in question.
Tenant’s Share of Taxes. Subject to the further provisions of this Section 5.02 for each calendar year or fiscal year during the Term, Tenant shall pay Landlord as part of Minimum Annual Rent as set forth in Section 1.05 of the Indenture and as Additional Rent Tenant’s Share of all Taxes (as reasonably determined by Landlord) and Tenant agrees that Landlord may allocate any portion of Minimum Annual Rent to Tenant’s Share of Taxes and other charges as Landlord may from time to time in its sole discretion determine to be appropriate so that no further amount beyond the amount due from Tenant for Minimum Annual Rent shall be payable by Tenant for Tenant’s Share of Taxes. In addition, Xxxxxx agrees that Landlord shall not be obligated to provide Tenant with any statement or accounting relating to the actual and/or estimated Taxes for any accounting period during the Term and/or Landlord’s allocation of the Minimum Annual Rent paid by Tenant to such charges. NOTWITHSTANDING THE FOREGOING, BECAUSE TENANT’S SHARE OF TAXES IS INCLUDED WITHIN THE MINIMUM ANNUAL RENT, TENANT WILL NOT HAVE THE RIGHT TO CONTEST TAXES OR REQUIRE LANDLORD TO DO SO.
Tenant’s Share of Taxes. Commencing on the Additional Premises Commencement Date, Tenant’s Share of Taxes shall be 48.73% subject to Article 4 and Article 32
Tenant’s Share of Taxes. 34.8% subject to Articles 4 and 32. J Tenant’s Share of Expenses: 34.8% subject to Articles 4 and 32.
