Common Area Taxes definition

Common Area Taxes means (x) the Common Area Tax Share (as defined in paragraph (f) below) of all Taxes allocable to the Property plus (y) any appraisal fees incurred and paid by Landlord pursuant to any agreements as may be in effect from time to time affecting all or part of the Property and relating in whole or in part to the payment of Common Area Taxes and/or Common Area Expenses (as defined in Section 3.02(A)(c)) (collectively, "Reciprocal Agreements") or pursuant to this Lease, excluding, however, the following items of Taxes:
View Source
Common Area Taxes means (x) all Taxes allocable to the Property plus (y) any reasonable appraisal fees incurred and paid by Landlord pursuant to any agreements as may be in effect from time to time affecting all or part of the Property and relating in whole or in part to the payment of Common Area Taxes and/or Common Area Operating Expenses (as defined in Section 3.02(A)(c)) (collectively, “Reciprocal Agreements”) or pursuant to this Lease, excluding, however, the following items of Taxes:
View Source
Common Area Taxes means (x) the Common Area Tax Share (as defined in paragraph (f) below) of all Taxes allocable to the Property plus (y) any appraisal fees incurred and paid by Landlord pursuant to any agreements as may be in effect from time to time affecting all or part of the Property and relating in whole or in part to the payment of Common Area Taxes and/or Common Area Expenses (as defined in Section 3.02(A)(c)) (collectively, "Reciprocal Agreements") or pursuant to this Lease, excluding, however, the following items of Taxes: (i) all Taxes included in Existing Building Taxes and in Plaza I Taxes; (ii) all Taxes payable with respect to any portion of the Property that is hereafter conveyed to a third party (other than to an Affiliated Entity), except, however, that if any portion of the Property so conveyed constitutes a parking structure, and if Landlord both retains the right to use all or a portion of the parking spaces within such structure for tenants of the Complex and pays all or a portion of the Taxes allocable to such conveyed parking structure, then such Taxes so payable by Landlord with respect to such conveyed parking structure shall be included in Common Area Taxes; (iii) all Taxes imposed or assessed (A) against (i) any buildings or structures constructed on either of the two piers (the "Piers") now forming a part of the Property, (ii) the portion of the Land on which such buildings or structures are located, and (iii) such areas of the Property adjacent thereto which become unavailable for the general use of the tenants of the Complex during the construction of such buildings or structures by reason of such construction (such exclusion to become effective from and after the time, if any, after the date hereof, of "Commencement of Construction" (as hereinafter defined) of such buildings or structures) and (B) against (i) any buildings or structures constructed on any portion of the Complex other than Plaza I, Plaza II, Plaza III and the Piers, (ii) the portion of the Land on which such buildings or structures are located, and (iii) such areas of the Property adjacent thereto which become unavailable for the general use of the tenants of the Complex during the construction of such buildings or structures by reason of such construction (such exclusion to become effective from and after the time, if any, after the date hereof of Commencement of
View Source

Examples of Common Area Taxes in a sentence

  • The fees and expenses of any such appraiser shall be deemed a part of Common Area Taxes.

  • Section 4.01(A)(f) Common Area Taxes.................................

  • Commencing on the Sixth Amendment Reduction Date, Tenant shall have no further obligation to pay Yearly Rent, Operating Costs (including Building Operating Costs and Common Area Operating Costs), Taxes (including Building Taxes and Common Area Taxes) or other costs with respect to the Sixth Amendment Reduction Space and Article 9 of Exhibit 1, Sheet 1 of the Lease shall be amended to reflect the removal of the Sixth Amendment Reduction Space from the Existing Premises.

  • Commencing on the Reduction Date, Tenant shall have no further obligation to pay Yearly Rent, Operating Costs (including Building Operating Costs and Common Area Operating Costs), Taxes (including Building Taxes and Common Area Taxes) or other costs with respect to the Reduction Space and Article 9 of Exhibit 1, Sheet 1 of the Lease shall be amended to reflect the removal of the Reduction Space from the Existing Premises.

  • Commencing on the Lender Consent Date, Tenant shall have no further obligation to pay Yearly Rent, Operating Costs (including Building Operating Costs and Common Area Operating Costs), Taxes (including Building Taxes and Common Area Taxes) or other costs with respect to the Early Reduction Space and Article 9 of Exhibit 1, Sheet 1 of the Lease shall be amended to reflect the removal of the Early Reduction Space from the Existing Premises.

  • Promptly after the Lender Consent Date, Landlord shall credit Tenant against future Yearly Rent for the Premises, the amount of Yearly Rent, Operating Costs (including Building Operating Costs and Common Area Operating Costs) and Taxes (including Building Taxes and Common Area Taxes) that have accrued or are otherwise due with respect to the Early Reduction Space from October 23, 2017 until the Lender Consent Date.

  • Commencing as of the Term Commencement Date and continuing thereafter with respect to each Tax Year occurring during the term of the Lease, Tenant shall pay to Landlord, with respect to any Tax Period, the sum of: (x) Tenant’s Proportionate Building Share of Building Taxes for such Tax Period, plus (y) Tenant’s Proportionate Common Share of Common Area Taxes for such Tax Period, such sum being hereinafter referred to as “Tax Share”.