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.
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Base Tax Factor means Base Tax Factor as defined in Section 5.1(b).
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Base Tax Factor means Taxes for the 2000-2001 Tax Year.
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Examples of Base Tax Factor in a sentence

  • In no event shall any decrease in Expense Factor or Tax Factor in any Comparison Year below the Base Expense Factor or Base Tax Factor, as the case may be, result in a reduction in the Fixed Rent or any other component of Additional Rent payable hereunder.

  • 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.

  • Notwithstanding anything to the contrary and for purposes of determining the amounts payable by Sublessee pursuant to this Article 7, the Base Tax Factor for Taxes shall be deemed to mean Taxes for the Tax Year commencing on July 1, 2001 and ending on June 30, 2002.

  • For purposes of determining the amounts payable by Sublessee pursuant to this Paragraph 4: Base Operating Factor shall mean the Operating Expenses for the 2004 Operating Year, and Base Tax Factor shall mean the fiscal tax year beginning on July 1, 2004 and ending June 30, 2005.


More Definitions of Base Tax Factor

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%.
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Base Tax Factor means Taxes, as hereafter defined, for the Tax Year July 1, 2013 through June 30, 2014.
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Base Tax Factor. The Taxes applicable to the Real Property equal to $221,848.00.
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Base Tax Factor means the Taxes payable during the third Lease Year.
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Base Tax Factor with respect to the Additional Premises shall mean the Taxes payable for the calendar year 2010; and
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Base Tax Factor means the Taxes for the 2010/2011 Tax Year.
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Base Tax Factor means the Taxes for the fiscal year commencing July 1, 2022 and ending June 30, 2023; and
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