Base Property Taxes definition

Base Property Taxes means the amount of Property Taxes attributable to the Base Property Tax Year.

Base Property Taxes means that portion of property taxes

Base Property Taxes means those Property Taxes payable during the fiscal year ending in June of the Base Year, and “Base Operating Expenses” shall mean Operating Expenses incurred by Landlord during the Base Year. Operating Expenses for both the Base Year and each subsequent calendar year shall be adjusted to equal Landlord’s reasonable estimate of Operating Expenses had the total rentable area of the Building been 100% occupied.”

Examples of Base Property Taxes in a sentence

• In addition to the Base Rent, Tenant shall pay to Landlord, as Additional Rent, as hereinafter provided, Tenant’s Proportionate Share of (i) increases in Operating Expenses over the Base Operating Expenses, and (ii) increases in Property Taxes over the Base Property Taxes (collectively referred to as the “Expense and Tax Increases”).

• For each calendar year during the term after the year specified in the Basic Lease Information as the Base Year, Tenant shall pay its percentage share, as specified in the Basic Lease Information, of the increase in Property Taxes over Base Property Taxes and its percentage share of the increase in Operating Expenses for such calendar year over Base Operating Expenses.

• Property Taxes paid by Landlord in such year over the Base Property Taxes.

• Tenant shall pay to Landlord each month at the same time and in the same manner as Base Rent, 1/12th of Landlord’s estimate of Tenant’s percentage share of the increase in Property Taxes and Operating Expenses from Base Property Taxes and Base Operating Expenses for the then current calendar year.

• The term "Base Property Taxes" shall mean the amount of Property ------------------- Taxes paid or accruing during the Base Year.

More Definitions of Base Property Taxes

Base Property Taxes means the amount of Property Taxes for the tax year ending June 30 of the Base Year.

Base Property Taxes means the amount of Property Taxes paid by Landlord allocable to the Base Year.

Base Property Taxes means those Property Taxes incurred by Landlord during the calendar year specified as Base Year in the Basic Lease Information.

Base Property Taxes means the Property Taxes allocable hereunder to the Base Tax Year, which if applicable (i.e., if the Facility is not completed and fully assessed during the Base Tax Year), shall be adjusted to reflect the assessed value of the completed and fully assessed Facility. “Base Tax Year” means the Tax Year in which first day of the Initial Service Term occurs. “Property Taxes” means all real property taxes, assessments, fees, charges, or impositions and other similar governmental or quasi-governmental ad valorem or other similar charges levied on or attributable to the Facility or its ownership, operation, transfers or leasing of any and every type, kind, category or nature, whether direct or indirect, general or special, ordinary or extraordinary and all taxes, assessments, fees, charges or similar impositions imposed in lieu or substitution (partially or totally) of the same. “Customer’s Tax Share” means a fraction, expressed as a percentage, having as its numerator, the number of square feet of Colocation Space, and having as its denominator, the total number of square feet of colocation space in the Facility. (iv) Increases in Operating Costs None. (v) Cross Connections: None (b) Non-Recurring Charges (NRC) (i) Installation Fee: None (ii) Cross Connections: Prevailing charges for Cross Connections. (vi) Other NRC: None 7. Reimbursement of Out-of-Pocket Expenses: Customer shall reimburse Supplier in accordance with Section 4.3(b) of the MCSA, for the Out-of- Pocket Expenses (i.e., Out-of-Pocket Supply Expenses and Out-of-Pocket Service Expenses) described in Schedule “E” attached hereto, plus a ten percent (10%) administrative fee thereon. 8. Security a.

Base Property Taxes means the amount of Property Taxes paid or incurred by Landlord in the Base Year.

Base Property Taxes means those Property Taxes payable during the calendar year which is the Base Year, and “Base Operating Expenses” shall mean Operating Expenses incurred by Landlord during the Base Year. Operating Expenses for both the Base Year and each subsequent calendar year shall be adjusted to equal Landlord’s reasonable estimate of Operating Expenses had the total rentable area of the Building been ninety-five percent (95%) occupied. The foregoing notwithstanding, the annual increase in Operating Expenses that are to be paid by Tenant (excluding increases in insurance, utility charges, and the cost of nonrecurring maintenance work) over the Base Operating Expenses, shall not exceed four percent (4%) per annum, compounded annually.”

Base Property Taxes means the amount of Property Taxes for the tax year ending June 30 of the Base Year, provided that if the Building is not fully assessed during said tax year, an adjustment shall be made by Landlord in computing Property Taxes so that Property Taxes shall be computed as though the Building had been fully assessed during such year. In the event Base Property Taxes as otherwise determined in this subsection are abnormally high in comparison to the historical average of Property Taxes for the prior five (5) calendar years, taking into account year-by-year increases, the Base Property Taxes shall be determined by taking the Building’s average Property Taxes for the prior five (5) tax years and increasing such average Property Taxes by the average annual increase in the Building’s Property Taxes.