Tenant’s Tax Payment Sample Clauses

Tenant’s Tax Payment. (a) If the Taxes payable for any Comparison Year exceed the Base Taxes, Tenant shall pay to Landlord Tenant’s Proportionate Share of such excess (“Tenant’s Tax Payment”). For each Comparison Year, Landlord shall furnish to Tenant a statement setting forth Landlord’s reasonable estimate of Tenant’s Tax Payment for such Comparison Year (the “Tax Estimate”). Tenant shall pay to Landlord on the 1st day of each month during such Comparison Year an amount equal to 1/12 of the Tax Estimate for such Comparison Year. If Landlord furnishes a Tax Estimate for a Comparison Year subsequent to the commencement thereof, then (i) until the 1st day of the month following the month in which the Tax Estimate is furnished to Tenant, Tenant shall pay to Landlord on the 1st day of each month an amount equal to the monthly sum payable by Tenant to Landlord under this Section 7.2 during the last month of the preceding Comparison Year, (ii) promptly after the Tax Estimate is furnished to Tenant or together therewith, Landlord shall give notice to Tenant stating whether the installments of Tenant’s Tax Estimate previously made for such Comparison Year were greater or less than the installments of Tenant’s Tax Estimate to be made for such Comparison Year in accordance with the Tax Estimate, and (x) if there shall be a deficiency, Tenant shall pay the amount thereof within 20 Business Days after demand therefor, or (y) if there shall have been an overpayment, Landlord shall credit the amount thereof against subsequent payments of Rent due hereunder, and (iii) on the 1st day of the month following the month in which the Tax Estimate is furnished to Tenant, and on the 1st day of each month thereafter throughout the remainder of such Comparison Year, Tenant shall pay to Landlord an amount equal to 1/12 of the Tax Estimate. Landlord shall have the right, upon not less than 30 days prior written notice to Tenant, to reasonably adjust the Tax Estimate from time to time during any Comparison Year. (b) As soon as reasonably practicable after Landlord has determined the Taxes for a Comparison Year, Landlord shall furnish to Tenant a Statement for such Comparison Year. If the Statement shall show that the sums paid by Tenant under Section 7.2(a) exceeded the actual amount of Tenant’s Tax Payment for such Comparison Year, Landlord shall credit the amount of such excess against subsequent payments of Rent due hereunder (and/or shall refund such excess to Tenant by check to the extent the excess ...

Tenant’s Tax Payment. For each Tax Year, Tenant shall pay to Landlord an amount ("Tenant's Tax Payment") equal to Tenant's Proportionate Tax Share of the increase, if any, in Taxes for such Tax Year over the Base Year Taxes.

Tenant’s Tax Payment. Tenant’s Share of the excess of Taxes for any Tax Year over Taxes for the Taxes Base Year.

Tenant’s Tax Payment. (a) If Real Estate Taxes for any Tax Year shall exceed Base Taxes, Tenant shall pay as Additional Charges for each Tax Year a sum ("Tenant's Tax Pavment'9 equal to Tenant's Tax Share (as set forth in Section 1.01 hereof) of such excess.

Tenant’s Tax Payment. Tenant shall pay to Landlord an amount (“Tenant’s Tax Payment”) (a) in respect of the Office Space and, if leased by Tenant, the 51st Floor Space, for each Tax Year commencing with the first Tax Year after the expiration of the Tax Base Year, equal to Tenant’s Proportionate Tax Share of the increase, if any, in Taxes for such Tax Year over the Base Year Taxes and (b) in respect of Tenant’s Roof Top Space, commencing with the RTS Rent Commencement Date and each Tax Year thereafter, one hundred percent (100%) of the RTS Taxes.

Tenant’s Tax Payment. (A) Tenant shall pay as Escalation Rent for each Tax Year, (I) commencing on the first anniversary of the Commencement Date, an amount (“Tenant’s BID Payment”) equal to Tenant’s Tax Share of the BID Charges for the applicable Tax Year; and (II) commencing on July 1, 2017, an amount (“Tenant’s Initial Tax Payment”) equal to (a) $21,670.50 (or $0.75 per RSF of the Premises) for the 2017/2018 Tax Year; (b) $43,341.00 (or $1.50 per RSF of the Premises) for the 2018/2019 Tax Year; (c) $65,011.50 for the 2019/2020 Tax Year (or $2.25 per RSF of the Premises); (d) $86,682.00 (or $3.00 per RSF of the Premises) for the 2020/2021 Tax Year; and (e) $108,352.50 (or $3.75 per RSF of the Premises) for the 2021/2022 Tax Year. (B) Commencing on July 1, 2022, Tenant shall pay as Escalation Rent for each Tax Year throughout the remainder of the Term, an amount (“Tenant’s Tax Payment”) equal to the sum of (I) Tenant’s BID Payment for the applicable Tax Year; (II) Tenant’s Tax Share of the amount by which the Taxes for such Tax Year are greater than the Base Tax Factor, and (III) Tenant’s Initial Tax Payment of $108,352.50. Tenant’s Tax Payment shall be payable by Tenant to Landlord in twelve (12) equal monthly installments (subject to the further provisions of this Section 3.2), the first of which shall be due within twenty (20) days after receipt of a Landlord’s Tax Statement, regardless of whether such Landlord’s Tax Statement is received prior to, on or after the first day of such Tax Year (but subject to Section 3.4), and the remaining installments shall be due on the first day of each month thereafter. If there is any increase in Taxes or any increase in BID Charges for any Tax Year, whether during or after such Tax Year, or if there is any decrease in the Taxes or in BID Charges for any Tax Year during such Tax Year, Landlord shall furnish a revised Landlord’s Tax Statement for any Tax Year affected, and Tenant’s Tax Payment for such Tax Year shall be adjusted and, (a) within twenty (20) days after Tenant’s receipt of such revised Landlord’s Tax Statement, Tenant shall (with respect to any increase in Taxes and/or BID Charges for such Tax Year) pay the appropriate increase in Tenant’s Tax Payment to Landlord, or (b) (with respect to any decrease in Taxes and/or BID Charges for such Tax Year) Landlord shall, at its election, either credit such decrease in Tenant’s Tax Payment against the next installment(s) of Rental payable by Tenant or refund the amount of such decreas...

Tenant’s Tax Payment. 5.03 Term ............................................................ 2.02

Tenant’s Tax Payment. Tenant shall pay to Landlord on the first day of each calendar month, one-twelfth (1/12th) of the amount of Tenant’s annual real estate tax liability as estimated by Landlord from time to time during the Lease Term. Tenant shall initially pay to Landlord with each month’s regular rent the sum of $ which represents Landlord’s initial estimate of Tenant’s monthly pro rata portion of all such real estate taxes. Should the taxing authorities include in such real estate taxes, machinery, equipment, fixtures, inventory or other personal property or assets of Tenant, then Tenant shall also pay the entire real estate taxes for such items. A year end adjustment shall be made in accordance with Article VII of this Lease.

Tenant’s Tax Payment. Beginning on the Rent Commencement Date -------------------- for each Floor, and continuing thereafter throughout the Term, Tenant shall pay to Landlord Tenant's Proportionate Share of Taxes during the Term, except that, during the Partial Term, Tenant's Proportionate Share shall be adjusted to reflect the portion of the Building delivered to Tenant, and the number of days during the real estate tax fiscal year after delivery of the Floors to Tenant. For example, assuming the tax fiscal year is the calendar year and the tax is One Thousand Dollars ($1,000), if the Rent Commencement Date has occurred for sixty-six percent (66%) of the Agreed Area of the Building on February 1 and the remaining thirty-four percent (34%) in one-half (1/2) increments on March 1 and April 1, respectively, Tenant's share of Taxes would be calculated as follows: ----------------------------------------------------------------------------------------------------------- (Percentage) x (Percentage of Year) x (TOTAL TAX) = (Tenant's Share of Taxes) ----------------------------------------------------------------------------------------------------------- (0%) 31/365 = 8.50% $1,000 0 ----------------------------------------------------------------------------------------------------------- (66%) 28/365 = 7.7% $1,000 $ 50.82 ----------------------------------------------------------------------------------------------------------- (83%) 30/365 = 8.20% $1,000 $ 68.06 ----------------------------------------------------------------------------------------------------------- (100%) 276/365 = 75.6% $1,000 $756.00 ----------------------------------------------------------------------------------------------------------- Aggregate Tenant Share $874.88 ----------------------------------------------------------------------------------------------------------- Taxes assessed for a real estate tax fiscal year which extends beyond the Term shall be apportioned between Landlord and Tenant at the expiration of the Term. Landlord shall promptly forward to Tenant copies of all notices, bills or other statements received by Landlord concerning Taxes. Tenant shall pay all such Taxes to Landlord at least five (5) Business Days before the same become due and payable or, if later, five (5) days after the xxxx for same is delivered by Landlord to Tenant. Tenant's obligation to pay Taxes shall survive the expiration of the Term or the earlier termination of this Lease. Tenant shall be obligated to escrow am...

Tenant’s Tax Payment. Tenant shall pay to Landlord, as Additional Rent, Tenant's Proportionate Share of all real estate taxes on the Property and other taxes or charges that may be levied in lieu of such taxes, general and special public assessments other than for capital improvements, taxes on the rentals of the Building or the use, occupancy or renting of space therein other than income taxes or general business taxes such as business privilege taxes ("Real Estate Taxes"). Such obligation is herein called "Tenant's Tax Payment."