Common use of The Tax Increase Clause in Contracts

The Tax Increase. For purposes of this Section 3(e), the term "Tax Increase" shall mean that portion of Tax Costs, as calculated immediately following the Reassessment, which is attributable solely to the Reassessment. Accordingly, the term "Tax Increase" shall not include any portion of Tax Costs which (A) is attributable to the initial assessment of the value of the Real Property or the Project, the base, shell and core of the Project or the tenant improvements located in the Project, (B) is attributable to assessments which were pending immediately prior to the Reassessment which assessments were conducted during, and included in, such Reassessment, or which assessments were otherwise rendered unnecessary following the Reassessment, or (C) is attributable to the annual inflationary increase of real estate taxes (currently two percent (2.0%) per annum).

The Tax Increase. For purposes of this Section 3(e)SECTION 4.6, the term "“Tax Increase" INCREASE” shall mean that portion of the Tax CostsExpenses, as calculated immediately following the Reassessment, which is attributable solely to the Reassessment. Accordingly, the term "Tax Increase" Increase shall not include any portion of the Tax Costs Expenses, as calculated immediately following the Reassessment, which (Ai) is attributable to the initial assessment of the value of the Real Property or the ProjectProperty, the base, shell and core of the Project Building, or the tenant improvements located in the ProjectBuilding, (B11) is attributable to assessments which were pending immediately prior to the Reassessment Reassessment, which assessments were conducted during, and included in, such Reassessment, or which assessments were otherwise rendered unnecessary following the Reassessment, or (Ciii) is attributable to the annual inflationary increase of to real estate taxes (currently two percent (2.0%) per annum)taxes.

The Tax Increase. For purposes of this Section 3(e3(f), the term "“Tax Increase" ” shall mean that portion of Tax Costs, as calculated immediately following the Reassessment, which is attributable solely to the Reassessment. Accordingly, the term "“Tax Increase" ” shall not include any portion of Tax Costs which (A) is attributable to the initial assessment of the value of the Real Property or the Project, the base, shell and core of the Project or the tenant improvements located in the Project, (B) is attributable to assessments which were pending immediately prior to the Reassessment which assessments were conducted during, and included in, such Reassessment, or which assessments were otherwise rendered unnecessary following the Reassessment, or (C) is attributable to the annual inflationary increase of real estate taxes (currently two percent (2.0%) per annum).

The Tax Increase. For purposes of this Section 3(e)Article 4, the term "“Tax Increase" ” shall mean that portion of the Tax CostsExpenses, as calculated immediately following the Reassessment, which is attributable solely to the Reassessment. Accordingly, the term "Tax Increase" Increase shall not include any portion of the Tax Costs Expenses, as calculated immediately following the Reassessment, which (Ai) is attributable to the initial assessment of the value of the Real Property or the Project, the base, shell and core of the Project Building or the tenant improvements located in the ProjectBuilding, (Bii) is attributable to assessments which were pending immediately prior to the Reassessment which assessments were conducted during, and included in, such Reassessment, or which assessments were otherwise rendered unnecessary following the Reassessment, or and (Ciii) is attributable to the annual inflationary increase of real estate taxes (currently taxes, but not in excess of two percent (2.0%) per annum).