Base Tax Factor definition

Base Tax Factor means the quotient, expressed in dollars and cents, of (i) the Taxes payable for the Base Tax Year, divided by (ii) the Center Tax Area for the Base Tax Year.

Base Tax Factor means Base Tax Factor as defined in Section 5.1(b).

Base Tax Factor means the Taxes payable for the calendar year commencing on January 1, 2020 and ending on December 31, 2020 (i.e., the average of the Taxes payable for the Tax Years commencing July 1, 2019 and July 1, 2020), and (ii) the term “Tenant’s Share” shall mean 1.976%.

Examples of Base Tax Factor in a sentence

• Section 701 of UIFSA (2008) contains the definition of a foreign support agreement and Section 710(b) lists the documents that must accompany an application or direct request for recognition and enforcement of a foreign support agreement.

• If the Base Tax Factor is increased, then Landlord shall either pay to Tenant, or at Landlord’s election, credit against subsequent payments of Rent due, the amount by which such Additional Rent previously paid on account of Tenant’s Tax Payment exceeds the amount actually due as a result of such recomputation.

• Taxes shall be calculated for the Base Tax Factor and for each Tax Year thereafter without giving effect to any tax exemption, abatement or deferral program then affecting the Building.

• Until the Base Tax Factor is so adjusted, corrected or reduced, if ever, Tenant shall pay Additional Rent hereunder based upon the unadjusted, uncorrected or unreduced Base Tax Factor and upon such adjustment, correction or reduction occurring, any Additional Rent payable by Tenant prior to the date of such occurrence shall be recomputed and Tenant shall pay to Landlord any Escalation Rent found due by such re-computation within twenty (20) days after being billed therefor.

• Tenant shall pay as Additional Rent for each and every Tax Year all or a portion of which shall be within the Term (including the Tax Year in effect on the Commencement Date) an amount ("Tenant's Tax Payment") equal to Tenant's Proportionate Share of the amount by which the Taxes for such Tax Year are greater than the Base Tax Factor.

More Definitions of Base Tax Factor

Base Tax Factor means Taxes, as hereafter defined, for the Tax Year July 1, 2013 through June 30, 2014.

Base Tax Factor with respect to the Additional Premises shall mean the Taxes payable for the calendar year 2010; and

Base Tax Factor means the Taxes payable during the third Lease Year.

Base Tax Factor. The Taxes applicable to the Real Property equal to $221,848.00.

Base Tax Factor means the Taxes payable for the Tax Year beginning July 1, 2007 and (y) the term “Base Operating Factor” shall mean the Operating Expenses paid or incurred with respect to the Operating Year beginning January 1, 2007. Fair market rental value shall be determined by taking into account (1) the condition of the premises in its then “as is” condition, (2) that Landlord has no obligation to perform any work to prepare the Premises for Tenant’s occupancy or to reimburse Tenant for any Alterations to be made by Tenant, (3) that Landlord has no obligation to give Tenant any free rent during the Renewal Term or any other rental concessions, and (4) that the Base Tax Factor and Base Operating Factor will be changed, but without taking into account the fact that (x) the Premises are then encumbered by this Lease giving Tenant the right to extend the Term and (y) Landlord is not paying a full brokerage commission with respect to the Renewal Term as if such Term were a new lease of the Premises. Subject to clause (iv) above, during the Renewal Term, all Escalation Rent that Tenant is obligated to pay under this Lease during the initial Term hereof shall continue without interruption, it being the intention of the parties hereto that the Renewal Term shall be deemed a part of and continuation of the initial Term of this Lease.

Base Tax Factor means the Taxes for the 2012/2013 Tax Year.

Base Tax Factor with respect to the Additional Premises shall mean the Taxes payable for the Tax Year commencing on July 1, 2014 and ending on June 30, 2015; and